Recent Articles
Global crisis may slow Africa growth - AfDB chief
- By Super Admin
- Published 10/8/2008
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World financial turmoil may slow African economic growth due to dampened demand
and tougher access to finance, Donald Kaberuka, says the head of the African
Development Bank. Although relatively protected from first round
effects of the crisis, Africa could be seriously affected by a weakening of
global growth and a reduction in demand for products from emerging countries, he
told reporters at its Tunis headquarters.(Reuters)
Poor states demand protection from global crisis
- By Super Admin
- Published 10/2/2008
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The world's poorest states, facing a "disastrous" cut in aid and capital flows due to the
global banking crisis, must not be made to suffer for the mistakes of rich,
developed countries (Reuters).
Africa investment booms despite S.Africa worries
- By Super Admin
- Published 05/23/2008
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South Africa's anti-foreigner violence may deter investors already concerned about its politics and economy, but the rest of Africa is attracting growing flows and is seen as almost immune to a Western recession. (Reuters)
Time at the border is money
- By Super Admin
- Published 05/22/2008
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Transport quality in sub-Saharan Africa is weak and trucks are not utilised to their full potential, according to a new study. This pushes up the costs of transport and raises consumer prices, while hurting the competitiveness of landlocked countries.
Food tax cuts, export bans not sustainable for Africa
- By Super Admin
- Published 05/20/2008
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Tax cuts and export bans are not a sustainable strategy against rising food prices in Africa and could instead hinder the fight against poverty, say delegates at a West African regional summit. (Reuters)
Rich countries and their leverage on Africa
- By Ravinder Rena
- Published 05/20/2008
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Global demand for natural resources will bring benefits to Africa - increased FDI and improved balance of trade figures - but one of the main concerns is that the scramble for Africa is fuelling corruption, environmental degradation, and internal dissent, writes Ravinder Rena.
Africa enjoying private equity funds boom - OECD
- By Super Admin
- Published 05/15/2008
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Private equity funds in Africa are soaring, the Organisation for Economic Co-Operation and Development (OECD) said on Tuesday, describing the development as the "African investment story to watch". (Reuters)
Africa in 2008: Breaking Down the Growth
- By Super Admin
- Published 05/14/2008
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For four consecutive years, Africa has experienced record economic growth. Overall in 2007 the continent registered 5.7 per cent GDP growth and a per capita increase of 3.7 per cent. Indications are that growth will only accelerate in 2008 and remain buoyant in 2009. (OECD)
Poor could gain as commodities soar
- By Super Admin
- Published 05/14/2008
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Though painful for consumers, soaring oil prices - along with increasing grain and metal prices - are not universally bad news. (BBC)
Slave trade: a root of contemporary African crisis
- By Tunde Obadina
- Published 05/14/2008
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The slave trade was a crucial part of the development of international capitalism. The role of African ruling classes in the trade was not very different from the position of contemporary African elites. They both traded the resources of their people for self-gratification, argues Tunde Obadina.


