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News in 'Economy' section

Sierra Leone assesses environment ahead of oil exploitation

March 14, 2012 President Ernest Bai Koroma of Sierra Leone

As Sierra Leone braces itself to exploit its new found oil wealth, President Ernest Bai Koroma has launched the scoping report for the strategic Environmental Assessment of the Oil and Gas Sector.

Boko Haram’s bombings crippling Nigeria Stock Market

March 14, 2012 Flashback scène d'attentat à la bombe perpétré par Boko Hramrevious Boko Haram attack

Insecurity triggered by the wave of Boko Haram bombings in parts of Nigeria is having a negative impact on the country’s capital market, the Director General of the Securities and Exchange Commission, Arumna Oteh has said.

Nigeria Capital Market hearings begin

March 13, 2012 Nigeria Stock Exchange

Operatives of Nigeria’s Economic and Financial Crimes Commission (EFCC) and other anti-graft agencies are set to take part in a three-week investigative public hearings at the House of Representatives on the activities of the Capital Market.

Liberian govt admits multi-million US$ CSDF flawed

March 12, 2012 Lewis Brown, Liberian Information Minister

The Liberian government has admitted that the management of the multi-million US dollars County Social Development Funds (CSDF) is flawed.

Food crisis prompts Gambia emergency cabinet session today

March 12, 2012 Yahya Jammeh, président de la Gambie

Gambian President Yahya Jammeh has summoned his cabinet to an emergency meeting today, Monday to discuss the developing food crisis, after his country appealed for food aid due to crops failure.

Serious food crisis hits closer to home, Gambia seeks aid

March 9, 2012 President Yayah Jammeh of Gambia

Serious food crisis is coming closer to home in the West African sub-region, with Gambia asking for aid, while Oxfam calls for urgent action to stop the Sahel drought.

Rural women facing brunt of inequality, poverty

March 8, 2012 Des femmes pillent le millet dans le village de Paoua en République Centrafricaine

In a message to mark International Women’s Day, United Nations Secretary General Ban Ki-moon has said “while tremendous progress has been made, no country can claim to be entirely free from gender-based discrimination.”

Sierra Leone Western Area Peninsula rain forest endangered

March 7, 2012 Western Area Froest

The Western Area Peninsula rain forest reserve in Sierra Leone is currently being threatened by human activities, such as charcoal burning, construction works, felling of virgin trees, environmentalists have alarmed.

Ivory Coast gets CFA 125bn boost for reconstruction

March 2, 2012 Madani Tall, World Bank Country Director, Ivory Coast

The World Bank has said it’s giving big support towards Ivory Coast’s reconstruction process.

It has already given Ivorian authorities a financial package of about 125 billion CFA Francs.

Liberia: New report warns US$300m could be lost to graft

March 1, 2012

A new report released by a leading Liberian watchdog group has said “more than US$300 million could be lost to corruption and mismanagement if the government of Liberia fails to reform the County Social Development Funds (CSDF) contributed by mining companie