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May 26, 2013
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News in 'Economy' section
African leaders gathered Saturday ahead of extravagant celebrations for the 50th jubilee of the continental bloc, with Africa's myriad problems set aside for a day to mark the progress that has been made
The World Bank has unveiled a $1bn (£660m) aid package to help the Democratic Republic of Congo and its neighbours. The money is to be used for health, education, cross-border trade and hydroelectricity projects.
International donors opened a conference on Mali Wednesday aimed at raising some two billion euros ($2.6 billion), pledging to help all sides in the troubled country avoid the mistakes which led to war and political crisis.
Kenyan police have fired teargas and water cannon outside parliament in Nairobi to disperse about 200 people demonstrating against parliamentarians' demands for a higher wage.
The government of Ghana is hunting for three Americans who filmed themselves in Ghana, as they engaged in illegal small scale mining.
The Government of Sierra Leone has signed a memorandum of understanding with China Kingho energy group for the construction of a railway costing six billion United States dollars linking Tonkolili in the north and Sulima in the south of the country.
Police in the eastern district of Kenema have arrested petroleum dealers for hiking price on petroleum products. Products were sold at Le 8,000 approximately 2 United States dollars far above the official price of Le 4,500 per liter approximately one united stated dollars
Nigerian President Goodluck Jonathan arrived in Nigeria on Tuesday for a state visit aimed at consolidating ties between two of the biggest economies in sub-Saharan Africa.
"We need policies that can support the translation of mineral resources into benefiting a larger number of people in the countries" Punan Shahan Polle, a co-author of World Bank’s latest Africa’s Pulse spoke to WADR
The IMF said in a statement “the fund recognised the federal government of Somalia, headed by President Hassan Sheikh Mohamud, paving the way for the resumption of relations after a 22-year interval”