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May 18, 2013
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News in 'Economy' section
The 6th African Economic Conference is underway in the Ethiopian capital, Addis Ababa, with the country’s Prime Minister Meles Zenawi calling for agriculture and reforestation to be prioritized in Africa.
By Frank Sainworla, Addis Ababa , Ethiopia
The African Development Bank (ADB) says despite the global economic crisis, Africa ’s economy has been improving in the last two years, with average economic growth rate expected to rise to 6% by the end of 2011.
Banking sector workers have continued to harbor fears of massive job cuts as it becomes evident that four state-owned banks will be privatized in the coming weeks.
As Sierra Leone’s Anti graft agency heats up fight against corruption, an indicted Sierra Leonean Prison officer awaiting trial has suddenly dropped dead.
In Guinea, citizens are complaining about the government’s increase in the price of fuel.
Experts from countries in the Mano River Union are currently meeting in the Ivorian commercial capital, Abidjan to discuss road infrastructures and trade among the four MRU member states.
Nigeria's Minister of Finance Mrs. Ngozi Okonjo-Iweala is calling for a transparent regime in the remittance and management of recovered stolen public assets.The Nigerian Finance Minister made the call, while addressing the opening ceremony of a National Conference on Stolen Assets Recovery and the Management of Proceeds of Crime.
The first annual Conference on Climate Change and Development in Africa (CCDA-I) is underway in the Ethiopian capital, Addis Ababa.
The three-day conference, organized by the by Economic Commission for Africa, ECA’s African Climate Policy Centre (ACPC), is expected to provide a forum for dialogue, awareness raising so as to mobilize effective commitment and actions on climate change by African stakeholders, an ECA press statement said.
In Guinea, cases of piracy are being reported off the country’s Atlantic coast.
The most recent attack by pirates took place on September 29th but has just been revealed by Guinean authorities.It was against a merchant ship sailing under British flag with a Ukrainian crew, with one crew member shot dead.
Sierra Leone’s telecommunications infrastructure is being transformed with the landing on its shores of the the Fibre Optic Cable funded by the World Bank in the amount of US$31m.