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May 19, 2013
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News in 'Economy' section
The Spanish government has provided one million Euros to empower rural women in West Africa, under a project that will run for two years.
The Business Incubator for African Women Entrepreneurs (BIAWE) will nurture the business ventures of rural African women operating primarily in the area of agriculture while supporting initiatives in economic capacity building, promoting rural entrepreneurship and developing agricultural resources.
Sierra Leone’s government has awarded nine provisional offshore oil blocks to companies, after what President Ernest Bai Koroma’s office called, “a painstaking and time-consuming technical evaluation process.”
Amid threats being faced from piracy in the Gulf of Guinea along the West and Central African coast, maritime, security experts and other stakeholders are drawing up strategies to combat the menace at a sub-regional conference.
The inflow of Foreign Direct Investment (FDI) to Africa has dropped for the third year in a roll, the UN Conference on Trade and Development (UNCTAD) has said.
The United Nations Economic and Social Council’s (ECOSOC) high-level meeting has stressed the need to address issues that are crucial for providing full employment and decent work.
ECOSOC is one of the six principal organs of the United Nations.
--pre-gender confab precedes AU summit
The 6th gender pre-Summit of the African Union (AU) has ended at the headquarters of the continental body in Ethiopia’s capital, Addis Ababa under the theme,“Boosting Intra-African Trade”.
Liberia’s President Ellen Johnson-Sirleaf has threatened to take punitive action, including dismissal, against any of her official failing to publically declare their assets in two weeks time.
Eyebrows are being raised in Ivory Coast over the awarding of a grand multi-million Euro road and bridge construction project to yet another French Company.
--but ECOWAS MPs take exception
Foreign nationals, including citizens of ECOWAS member countries, operating shops and engaging in general retail business are being compelled to cease their operations by the Ghanaian government.
A new report has revealed that “for the first time since record keeping on poverty began” in 2000, “the number of Africans living under $1.25 per day has declined.”
However the report has warned that despite the progress, “Africa needs to do more to meet all the targets agreed in the MDGs document.”