This article originally appeared on the marketmontarist blog. It is not only in Europe that the idea of currency union has considerable political backing. This is certainly also the case in Africa. In fact there is already de facto a currency union (officially two currency unions) in Central and Western Africa in the form...
European Flags. Source: Europeworld.com Despite the repeated delays and ongoing wranglings in Washington over the substance of the conflict minerals rules prescribed by the U.S. Security and Exchange Commission, or SEC, as required by the 2010 Dodd-Frank Act, European policy makers need to move forward swiftly to do their part to ensure European companies...
This Thursday, 22 September, CADS is bringing the Congo to Vancouver in hopes of raising awareness and to encourage people to think differently about cooperative agriculture; by encouraging incremental development and community participation, CADS’ partners in the Ruzizi Valley are changing people’s lives for the better. There’s no motivation quite like your own small...
In response to challenges facing African countries in the provision of education and health services as well as the potential role of ICTs in addressing these challenges, the Indian Government established the Pan-African e-Network. The key objective of the project is to provide e-services with a focus on education and medicine. It will also...
The dearth of banks in Africa has long constrained the flow of capital and economic growth. Most banks deemed the costs of expanding branch networks too high and the return from poorer customers too low. Only 20% of African families have bank accounts, according to the African Development Bank. And there are nearly nine...
As Sub-Saharan African leaders seek to avoid the turmoil gripping the Middle East, it is an appropriate time to examine the region’s explosive demographics. The theme of this year’s African Union Summit, hosted by none other than the everlasting President Obiang of Equatorial Guinea, was youth employment. President Paul Biya of Cameroon made a...
Disabled by polio since childhood, the main members of the Kinshasa band Staff Benda Bilili play virtuoso guitar from their wheelchairs to create memorable tunes that mix classic Congolese grooves with funky reggae beats. After spending years eking out a living in the streets, the musicians’ talents were finally discovered in 2004 by a pair...
According the to a recent EIU report, “African economies suffer from infrastructure deficiencies on many fronts. Power, in particular, is a major constraint, with 30 of the 48 countries in the region—including SSA’s largest oil producer, Nigeria—facing regular power cuts. The infrastructure deficit largely reflects years of underinvestment and neglect, but difficult economic geography...
With global remittance payments outweighing humanitarian aid three times over, the significance of these money flows for development in Africa is clear. Despite an overall drop in transactions due to the financial crisis, migrants are still sending considerable sums home, Nigeria for example received $10 billion in 2009, and the percentage contribution of remittance...
BBC News – Africa AL JAZEERA ENGLISH (Africa)
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