Reuters: Guinea-Bissau News

UEMOA cenbank frees up $1.5 bln for internal debts

Sat, 21 Nov 2009 14:37:01 +0000

ABIDJAN, 21 Nov (Reuters) - The central bank for the West African Economic and Monetary Union (UEMOA) will disburse 700 billion CFA francs ($1.59 billion) so that governments in the eight-nation bloc can pay off internal debts, a statement said.

UPDATE 1-UEMOA cenbank frees up $1.5 bln for internal debts

Sat, 21 Nov 2009 14:35:55 +0000

* Internal debt of 8-nation group is around 1.4 trillion CFA

West African bloc UEMOA cuts 2009 growth forecast

Fri, 20 Nov 2009 11:57:49 +0000

ABIDJAN, Nov 20 (Reuters) - The eight-nation West African Economic and Monetary Union (UEMOA) cut its 2009 economic growth forecast to 3.2 percent from 4.7 percent, Ivory Coast's top finance official said on Friday.

Bissau economy seen growing at 3.5 pct in 2010 -IMF

Thu, 19 Nov 2009 14:14:26 +0000

BISSAU, Nov 19 (Reuters) - Guinea-Bissau's cashew nut-driven economy will grow at 3.5 percent in 2010 but could touch 4 percent if the global economy recovers and the volatile nation finds some stability, the International Monetary Fund said.

K1 Invest Ltd hedge fund to enter liquidation

Tue, 10 Nov 2009 18:13:35 +0000

FRANKFURT, Nov 10 (Reuters) - A Caribbean-based fund operated by Germany's K1 hedge fund group will go into liquidation after its assets were frozen, the fund's director said in a letter to distributors.

K1 Invest Ltd hedge fund to enter liquidation

Tue, 10 Nov 2009 18:13:15 +0000

UPDATE 1-Bail plea failure keeps K1 founder in jail

Mon, 09 Nov 2009 16:54:41 +0000

(Recasts to add prosecutor comment, adds detail, background)

West Africa may become major narcotics producer-UN

Thu, 05 Nov 2009 19:06:09 +0000

UNITED NATIONS, Nov 5 (Reuters) - West Africa could soon change from a transit point for trafficking illegal drugs into a center for manufacturing them, the head of the U.N. Office on Drugs and Crime (UNODC) said on Thursday.

Senegal, Bissau deny border dispute

Fri, 23 Oct 2009 18:47:57 +0000

BISSAU, Oct 23 (Reuters) - Senegal and Guinea-Bissau denied on Friday the two West African neighbours were engaged in a border dispute after a military build-up there this week prompted dozens of Bissau-Guinean civilians to flee.

Guinea-Bissau sends troops to Senegalese border

Mon, 19 Oct 2009 19:08:47 +0000

BISSAU, Oct 19 (Reuters) - Guinea-Bissau has sent troops to its border with Senegal, Bissau-Guinean sources said on Monday, but both West African countries dismissed reports of a brewing border dispute between the two.