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May 19, 2013
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News in 'Economy' section
Liberian women traders have for decades wielded enormous influence, both political and economic, carving for themselves a niche in the Liberian society.
Upon coming to office in 2006, President Ellen Johnson-Sirleaf established the Sirleaf Market Women’s Fund to provide services to thousands of women traders and thereby help countless families who count on their income.
The international NGO Oxfam has warned that the crisis in Mali could get worse before it gets better, even with the anticipated international military intervention in the Islamist rebel-held north.
For months, relief agencies have highlighted a series of humanitarian problems in Mali, where about a quarter million people are internally displaced and a similar number seeking refuge in neighboring countries.
Ivorian authorities are developing a new strategy to combat money laundering that seeks to protect the construction industry and other businesses in danger of being infiltrated.
The Ivorian government has therefore reactivated the national financial data processing department to help track money launderers.
Karim Wade, son of former Senegalese president Abdoulaye Wade, and six other top officials of his government are facing probe for alleged corruption, the State Special Prosecutor has disclosed.
Karim and other former officials will be made to answer charges starting 15 November, Prosecutor Aliou Ndao confirmed in Dakar Thursday.
Nigeria finance minister Dr. Ngozi Okonjo-Iweala says the government is seeking approval to increase the country's external borrowing from US$7.9 billion to US$9.2 billion.
Dr. Okonjo-Iweala, a former World Bank vice president, said the federal government also plans to float a one billion Euro bond and another one hundred million dollar Diaspora Fund.
Nigeria, sub-Saharan Africa biggest oil producer, has continued to suffer huge losses in revenues from oil theft, the recent being a US$1.6 billion scandal.
President Goodluck Jonathan has vowed to curtail the losses, setting up the Petroleum Special Task Force led by the former head of the anti-graft agency, EFCC, Nuhu Ribadu.
The 29th General Assembly of the ECOWAS Brown Card Bureau opened Tuesday in the Liberian suburb of Paynesville, with a pledge by the host country to contribute significantly to the success of the sub-regional initiative.
The scheme provides compensation to victims of motor vehicle accidents, which may occur within the sub-region as well as insurance coverage for third-party liability relating to accidents resulting in death or injury.
The Ivorian government and development partners are strategizing to find solutions to the country’s high unemployment rate put at four million and affecting mainly the youths.
The National Institute of Statistics (INS) reports that about 60 percent of Ivorians between the ages of 18 and 35 are unemployed.
An expert in water resources has blamed poor governance and failure to invest in the water and sanitation sector as causes for limited access to safe drinking water in Africa.
Dr. Silver Mugisha argues that low investment means water utility companies are only getting 60 percent coverage of the populations, with tariffs too high for many would-be customers.
Experts at the International Conference on Youth and Democratization convening in Addis Ababa agree that African youth are in the vanguard of political and governance changes in the continent.
It is therefore essential to promote youth participation in political processes and decision-making, the experts noted.