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News in 'Economy' section

Fibre Optic cable transforming telecom in S. Leone

October 12, 2011 Ibrahim B. Kargbo, Sierra Leone Telecom Minister

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.

NEPAD Gets Pat At 10

October 12, 2011 Dr. Ibrahim Mayaki CEO

A decade since its creation, the New Partnership for Africa's Development (NEPAD) has helped African nations improve their agriculture, infrastructure and health sectors, top United Nations and regional officials said.

 

Mo Ibrahim 2011 African leadership prize up for grasp

October 10, 2011 Mo Ibrahim

The Mo Ibrahim Foundation will on Monday launch the 5th Index of African Governance and announce this year’s Ibrahim Prize for Achievement in African Leadership.

A statement received by WADR says the event also marks the fifth anniversary of the Mo Ibrahim Foundation.

Sierra Leone 2011 budget policy hearings underway

October 5, 2011 Dr Samura Kamara,Sierra Leone Finance Minister

Sierra Leone’s Ministry of Finance and Economic Development has kicked off the National budget policy hearing and discussions for this year in Freetown.

Nigeria: police up security, Goodluck to add value to oil production

October 3, 2011 Goodluck Jonathan, président du Nigeria

With growing attacks and further threats from Boko Haram Islamist sect, Nigerian police put up a show of force during the country’s 51st independence celebration over the weekend, while President Goodluck Jonathan vows to begin adding value to Nigeria’s crude oil production.

 

Ghana MPs warn govt against China's loan

October 1, 2011 Ghanaian parliament

In Ghana, the Minority Caucus in parliament has urged the government to exercise due diligence before approving a three billion dollar loan agreement with the China Development Bank.

The Think Tank Initiative grants US$110m to developing countries' research institutes to boost public policies

October 1, 2011 Kathryn Toure, IDRC West and Central Africa Regional Director

Research Institutes in South Asia, Latin America and Africa have received a grant worth US$110 m from the Think Tank Initiative. Twenty three of these countries benefiting from the grant are from Africa including eleven from West and Central African.

This group of development partners has given itself the mission to support public policies in developing countries.

Harmonizing public finances in West Africa

September 30, 2011 Map of West African Economic and Monetary Union

There are doubts as to whether countries in the West African Economic and Monetary Union will be able to harmonize public finance policies by 2012. But there are some optimists who say it is possible.

Cement shortage continues in Benin

September 28, 2011 Flag of Benin

People involved in building their homes and other construction works in are facing serious setback, with the continuing shortage of cement in the country.

Empowering women is "smart economics"--World Bank Prexy

September 24, 2011 Robert Zoellick, World Bank President

World Bank President Robert Zoellick has said the world economy cannot meet its full growth potential, if it fails to advance the prospects of women.

He said empowering women is not only the right thing to do, but it’s also "smart economics".