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IMF Regional Outlook Report Cites Africas Continued Robust Growth and Highlights Financial Sector Reform to Accelerate Growth

The International Monetary Fund (IMF) today released the Spring2006 Africa Regional Economic Outlook. Abdoulaye Bio-Tchané, Director of the IMF's African Department, highlighted the report's main findings:
Africa

This is the Time to Invest in Africa

The President of the African Development Bank Group, Mr. Donald Kaberuka , has urged Korean businesses to take advantage of the vast improvements in Africa s investment climate and economic conditions to invest in the continent.
Africa

IMF Executive Board Completes Fifth Review Under Tanzania’s PRGF Arrangement and Approves US$4.1 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Tanzania's economic performance under a three-year Poverty Reduction and Growth Facility (PRGF) arrangement .
Africa

Kenya-Uganda oil pipeline investor to be named in April

Source: daily Monitor: A private investor to run the long awaited Kenya-Uganda oil pipeline will be named next month, Ministry of Energy officials have confirmed.
Africa

AFDB Issues Bonds linked to Tanzanian Shillings

The African Development Bank (AFDB) executed on Tuesday 21 February 2006 , the first bond issue by a supranational which is linked to the Tanzanian Shilling. Barclays Capital structured the transaction and acted as sole bookrunner .
Africa

ADB President Kaberuka: High oil prices complicating the fight against poverty in Africa

Addis Ababa , 27 February 2006 – It will be a challenge for African countries to achieve the Millennium Development Goals (MDGs) unless sound policies are sustained and international support is more effective, the President of the African Development Bank, Mr.Donald Kaberuka has said.
Africa

Travel freedom : Africans, stay home.

The entrance visa to a country represents one of the most important non tariff barriers for trade and for the trade of services in particular. Although the question is not or is little approached by the international organizations defending free trade, it remains a real handicap for the growth in developing countries.

Africa

ADB pledges $9 million to support honey sector

The African Development (ADB) has pledged a $5 million (about Shs9 billion) grant and $4 million (Shs7.9 billion) loan to honey producers in the country to boost their production capacity.
Africa

Uganda : High taxes killing new companies

MBS Fruits Agencies Ltd, a wines and spirits producers in Uganda has asked the government to give a tax holiday to newly established local industries to enable them compete with established competitors.
Africa

Uganda: Flower export earnings increase by $32 million

UGANDA has registered an increase in flower export earnings this year of over $36 million up from $32 million in 2004. According to Uganda Flower Exporters Association so far 70,000 tonnes of flower species have been exported compared to last year's 63,000 tonnes.
Africa

E.A Community ready for open regional labour transfer

THE International Labour Organisation (ILO) and the East African Community (EAC) have started collaborations that will see the free movement of persons and labour among East African nationals in search of employment opportunities. The Director of ILO Area Office for East Africa, Mr Ali Ibrahim, said the East African component project launched in Arusha last year and financed by the European Union (EU) will support implementation of the EAC treaty commitment in its chapter 17, to establish free movement of persons, labour, services and enjoyment of the right of establishment and residence of citizens within the community.

Africa

Recipients and donors review cooperation programme

Trade Ministers and representatives of the 16 African  countries benefiting from the programme, as well as Trade Ministers and representatives from the donor countries, and Senior Representatives of the three JITAP implementing agencies participated in the event, “JITAP : An effective Answer to Trade-Related Capacity Building on the Multilateral Trading System”. Also present were a number of invited Ministers from other African countries, as well as representatives of Regional Economic organizations.
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