Category Archives: Business


Africa’s largest economies feel the heat

(BVO) – South Africa’s parliament descends into chaos.

Protesters stormed the building, demanding President Jacob Zuma pay back some of the taxpayers’ funds used for a $23 million upgrade of his rural home.

It’s been a turbulent time for the economy, too.
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Somalian lifeline cut off by suspension of remittance services


China Central Television (CCTV)

Most of the major U.S. banks have ended remittance services to Somalis after new regulations were passed to stop money from getting into the hands of terrorists such as Somalia’s Al Shabaab. However, funds sent back home to Somalia are crucial for many families and businesses in a country that lacks a proper financial system from years of fighting.
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