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$625 million for infrastructure in Africa

South-African Foreign minister, Nkosazana Clarice Dlamini-Zuma has announced in Paris the creation of funds worth $625 million aimed at developing infrastructure in Africa.

Kufuor urges value addition to maximise returns on cocoa

The Second African Cocoa Summit involving cocoa producers on the continent began a two-day meeting in Accra aimed at defining a policy roadmap towards a sustainable Africa cocoa economy.

African Mines Ministers to meet in Abuja

Ministers of Mines in Africa, under the auspices of the African Mining Partnership (AMP), will meet in Abuja from Thursday to review strategies for developing their countries' mining sectors

IMF regrets Nigeria’s reform programme slippages

The International Monetary Fund (IMF) has expressed regret over "certain slippages" in the implementation of some aspects of Nigeria's reform programme

Only $8.8b of Nigeria’s $43.6b foreign reserves available

The controversy over the exact amount of Nigeria's foreign reserves reared its head again Tuesday July 17th, when a senior official of the Central Bank of Nigeria (CBN) said the real amount was USD8.8 billion, not the widely bandied figure of USD43.6 billion.

Kenyan minister says African postal services too inefficient

African postal services are under obligation to modernise and diversify or succumb to competition from the private investors, according to Koigi Wamwere...

World Bank says governance improved in Africa

The World Bank says governance has significantly improved in a number of African countries

Business leaders adopt declaration on best practices

Hundreds of business leaders worldwide have pledged to comply with labour, human rights, environmental and anti- corruption standards

Africa records highest growth in two decades

Africa has experienced its highest economic growth in the last two decades, with Gross Domestic Product (GDP) growth rate, which averaged about 5% annually in the past six years, rising to 5.5% in 2006

AfDB unveils maiden report on Africa’s consumption, price levels

Ahead of its Annual Meetings in this Chinese commercial hub, the African Development Bank (AfDB) Group has released the first report on comparative consumption and price levels in African countries.

AfDB Group posts excellent annual results

The African Development Bank (AfDB) Group achieved excellent operational and financial results in 2006, with overall approvals by the Group increasing to US$3.9 billion from US$3.3 billion in 2005

Africa’s economic growth to improve in 2007, according to ECA.

African economies are forecast to grow by an average of 5.8% in 2007, according to the latest edition of the Economic Report on Africa (ERA 2007)
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