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News in 'Economy' section

S.Leone harnessing its bioenergy capacity--ethanol plant launched

November 14, 2011 Sugarcane, one of the sources of bioenergy

Sierra Leone is moving gradually into harnessing its renewable energy capacity, with the launch recently of the Makeni Ethanol power plant in the north of the country.

Nigeria: Fake drugs everywhere

November 13, 2011 counterfeit drugs kill

In recent days, West Africa Democracy Radio (WADR) has been running a series of reports on fake drugs, because of the health hazards associated with such drugs which find their way into wrong hands.

Nigeria is said to be a big market for such fake medicines.

Mali: High youth unemployment linked to rise in crimes

November 10, 2011 Zeini Moulaye

Global unemployment rate amongst young people from ages 15-24 is more than 13%, according to the International Labor Organization (ILO).

In the West African state of Mali, specialists attribute the rise in crimes to the high unemployment rate.

A proud South Sudanese talks to WADR on building new state from scratch

November 9, 2011 WADR chats with Jamal Wani (in coat and tie)

Wednesday, November 9 makes it exactly four months since Afica’s newest independent republic, South Sudan was born.

It was on July 9 this year that South Sudan declared its independence as a result of a referendum after a comprehensive peace deal with the north.

AFDB urges Africa to be cautious about single currency

November 8, 2011 AfDB Vice Pres. Mthuli Ncube

By Frank Sainworla, Jr/WADR News

The cards have been on the table for quite some time now for the African continent to move towards forming a monetary union—ie having a single currency.

But with the gloomy future of the Euro and the vexing problems facing the EU monetary union, the African Development Bank Group (AfDB) is calling on countries on the continent to exercise caution, with harmonizing of fiscal policy taken precedent over monetary union.

ITC prioritizes security for investors in Ivory Coast

November 7, 2011 Jean-Marie Paugam, ITC Deputy Director

Ivory Coast is trying to slowly recover from the devastating effects of the post election violence.

One of the areas reeling from the effects of the armed conflict is trade and investment.

New 'potent' anti Malaria drug in Sierra Leone

November 7, 2011 Supply chain

A new anti malaria drug has been introduced in Sierra Leone called, Colart Artemether/Lumefantrime.

It was produced by the pharmaceutical giant, GlaxoSmithKline.

Fibre Optic Cable now in Liberia to start broadband

November 4, 2011 Fibre Optic Cable lands in Liberia

Just weeks after landing in neighbouring Sierra Leone, the first Fibre Optic Cable System (ACE) has now landed in Liberia.

S. Leone ranked 180 in UN Human Development Index

November 4, 2011

Sierra Leone is ranked 180 on a list of 187 countries in the latest United Nations Human Development Index.

Africa’s hope for cheaper electricity: Renewable energy

November 3, 2011 Mohamed Ali Gam, VP SuntroughEnergy

By Frank Sainworla,Jr/WADR News

With Africa’s abundance sun and the availability of biomass, there is said to be huge potential for developing renewable energy to power the continent’s industries and rural communities.