Archive for December 26th, 2007

source: expressIndia
Posted online: Monday , December 24, 2007 at 12:00:00
Taipei, December 24: Taiwan on Monday said rival China was trying to lure its African ally Malawi away with lots of money as the two continue their battle for international recognition over who is the island’s rightful government.

Local newspapers said two Malawi ministers plan to soon travel to Beijing where they would sign a Memorandum Of Understanding that would pave the way for the establishment of full diplomatic ties.

“If the two Malawi ministers indeed travel to Beijing as reported, then it could be an indicator” of Malawi setting up ties with China, Phoebe Yeh said.

“But we are doing our best to [continue reading]

source: IOL
December 25 2007 at 04:18PM

By Nelson Banya

Harare – Zimbabwean banks on Tuesday failed to heed pleas to remain open from shoppers desperate for cash, dampening already bleak Christmas festivities in the economically devastated nation.

Banks, which had been ordered to extend their hours in the weeks leading up to Christmas as a result of a run on banknotes, were closed on Christmas Day contrary to earlier announcements. That left scores of customers empty-handed.

Long, winding queues could be seen at the few automated cash machines dispensing banknotes in central Harare.

“I was hoping to find a shorter queue since it’s Christmas, but it seems everyone has come out,” said Tawanda Moyo, a teacher who was trying to get money for his [continue reading]