NewsCentral Africa

Tue,03May2016

Central Africa

Ebola, drought, commodity price slump dent Sub-Saharan Africa economic growth

File photo©Rio Tinto/AP/SIPAEconomic growth in sub-Saharan Africa will likely slow this year to its weakest in nearly two decades, hurt by a slump in commodity prices, the Ebola virus outbreak and drought, the IMF said on Tuesday.

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Fearmongers in the frame

A menacingly authoritarian triumvirate think that it's their turn. Canny, malign and experts in the politics of fear, the US's Donald Trump, France's Marine Le Pen and Russia's Vladimir Putin believe history is on their side.

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Should the AU give 'cling-on' presidents the red card?

After condemning the violence in Burundi and voting to send in a peace- keeping force, in January the African Union caved in to Pierre Nkurunziza, whose third term as president is the cause of the country's unrest.

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Thabo Mbeki charges against illicit financial flows

Former South African President Thabo Mbeki. Photo©Thibault Camus/AP/SIPASeven years since leaving office, Mbeki doesn't hide his impatience with Africa's failure to fulfill its great potential. And on matters pertaining to Africa's socioeconomic and political development, former South African president Thabo Mbeki's voice, tempered by age and experience, continues to be heard as he fights against illicit financial flows.

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Africans investing in Africa

Leading the pack – from left to right: Gavin Dalgleish - ILLOVO, Ismaïl Douiri - ATTIJARIWAFA Bank, Ade Ayeyemi - ECOBANK, Tabitha Karanja - Keroche Breweries. Photo©Martin rhodes/Gallo Images/Getty Images; Attijariwafa; Guilhem Alandry Documentography for JA; Noor Khamis/ReutersAfter a day and a half of high-level discussions at an Africa investment conference, Arnold Ekpe, non-executive chairman of financial services holding firm Atlas Mara and former chief executive of Ecobank, sounds slightly exasperated. "African countries are not doing enough for themselves," he says. "I have been going to conferences like this for 20 years. We have to move from talk to action."

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Investment: Africa had record levels of private equity exits in 2015

African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits.

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