By Obiageli Katryn Ezekwesili Less than a year ago, there was a sense of optimism in many African countries. Growth rates in Sub-Saharan Africa were comparable to Asia, hovering around 6 percent, a result of high commodity prices, a favorable global environment — and also of improved economic management, investment …
Read More »G20 summit: Did Africa get what it wanted?
By Independent Team & Agencies After it ended on April 2 the African Development Bank (AfDB) Group President, Donald Kaberuka, who was part of a NEPAD delegation, said the G-20 summit was a major success because it adopted specific African proposals. I think we made a very surprising level of …
Read More »Africa: Dealing with the global economic and financial storm
By Obiageli Ezekwesili Last week in Addis Ababa, African leaders agreed on the need to develop and improve Africa’s infrastructure. Better infrastructure” water, transport, electricity” can increase growth rates in Africa by more than 2 percent, raise productivity by 40 percent, and create jobs for its burgeoning youth population. This …
Read More »Paying cash in Africa defence against global crisis
By G. Pascal Zachary The writer is the author of three books, Endless Frontier, The Diversity Advantage and Married to Africa. He was columnist for The New York Times, was foreign correspondent for the Wall Street Journal and had taught journalism at stanford University and is now a visiting scholar …
Read More »Banker’s fear Africa could be hit more by financial crisis
By Patrick Kagenda As world central banks of the rich economies bail out their ailing financial institutions, experts predict that poor economies like Africa could take the bigger punch. Seeking to forge a common understanding and response for Africa, the Standard Bank Group organised a conference on the global financial …
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