NewsCentral Africa

Mon,11Dec2017

Central Africa

Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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Africans brace for Brexit

Photo©AP/SIPAAs British voters go to the polls in a historic referendum on the United Kingdom's membership in the European Union, many in Africa will be watching the results closely. A vote to leave the EU, dubbed 'Brexit', could trigger a recession that would hit African economies, many of which are already suffering from the commodity price slowdown.

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African mining needs a vision

Image©GlezThe expansion of mining and natural resource exploitation has been a critical factor in the highest levels of growth in Africa for more than 30 years. The resource sector's success in attracting foreign investment has often led to it being held up as a poster child for economic liberalisation.

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Why the Ibrahim Prize focuses on political leadership

Dr. Salim Ahmed Salim, Chair of the Prize Committee for the Ibrahim Prize for Achievement in African Leadership. Photo©Ben Curtis/AP/SIPAIn every country and every continent, the quality and contribution of leadership in government is critical. It is Presidents and Prime Ministers who have the responsibility of assessing the risks, choosing the correct priorities for their country and focusing national efforts to ensure they are delivered.

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We're tired of being in the dark - Akinwumi Adesina, AfDB President

AfDB head, Akinwumi Adesina. Photo©Vincent Fournier for TARAfDB president Adesina wants to use the bank to de-risk investments in electricity and agriculture and so help transform the continent's economies.

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Pan-African lender Ecobank may close some operations

Photo©Emanuel Ekra/AP/SIPAEcobank is reviewing its expansion strategy following a decline in profits and may pull out of some African countries to focus on its most promising markets, chairman Emmanuel Ikazoboh told Reuters.

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