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News in 'Economy' section

Prepare for ‘’tougher times’’—WB warns developing nations

June 14, 2012 World Bank Group HQ

The World Bank is warning developing countries to prepare for ‘’tougher times’’ and a long period of volatility in the global economy, while re-emphasizing medium-term development.

Ivorian govt. trying to prevent local firms going bankrupt

June 12, 2012 Kone Adama, DG of Ivorian Treasury

The government of Ivory Coast has set up a finance committee not only to facilitate the settlement of domestic debt, but also to pursue dialogue between suppliers/service providers and the country’s Treasury.

Concerns mount over depreciation of Ghana currency

June 11, 2012 Ghana cedi

Ghana's currency, the cedi is depreciating against major foreign currencies, and this is affecting prices and the sale of goods and services in the country

GIABA Lunches Book on Prosecuting Econ & Financial Crimes

June 8, 2012 GIABA logo

By William Selmah/WADR Correspondent

A program marking the official presentation of a book on ‘Strategies and Techniques of Prosecuting Economic and Financial Crimes’ has taken place in Abuja, Nigeria, with a call for concerted  effort to combat economic and financial crimes.

US$85m World Bank funds for electricity in Senegal

June 6, 2012 Makhtar Diop, World Bank Vice President for Africa .

The World Bank has announced that it will provide 85 million US dollars to help Senegal solve its energy problem.

Insecurity heightens locust invasion threat in Mali, Niger--FAO

June 6, 2012 Desert locust

The UN Food and Agriculture Organization (FAO) is warning that a locust invasion, previously controlled by the late Gaddafi government and Algeria, is threatening croplands in Niger and Mali. 

West Africa: Concrete move to breaking trade, transport barriers

June 4, 2012 World Bank President Robert B. Zoellick

The World Bank has approved a US$90 million grant to finance the Abidjan-Lagos Trade and Transport Facilitation Project.

Nigerian academic sues Central Bank Gov for “plagiarism”

June 1, 2012 Nigeria Central Bank Governor Sanusi

By Martins Martins/WADR Correspondent

A Nigerian academic based in the United States has taken the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi to Court over an alleged “plagiarism”.

US$176m from World Bank to boost West Africa Power Pool

June 1, 2012 World Bank to boost electricity supply

The World Bank has approved US$144.5 million in zero interest financing and a US$31.5 million grant for two projects under the West Africa Power Pool (WAPP) program to boost electricity supply and lower energy cost in four countries, a press release from the bank said on Friday.

Poverty amidst wealth: craving for justice in Equatorial Guinea

May 31, 2012 Tutu Alcante, Exec. Director EG Justice

Although one of Africa’s richest nations, Equatorial Guinea wallows in poverty and underdevelopment, outside the glare of the world’s spotlight on dictatorial and corrupt governments.