NewsCentral Africa

Fri,23Jun2017

Central Africa

Will the UN save us from hell?

UN secretary general Ban Ki-moon retires at the end of 2016 Mary Altaffer/AP/SIPAIf we want UN missions to succeed, they must be highly trained and properly equipped.

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Sub-Saharan credit growth rates halve in two years

Photo©ReutersPrivate credit growth across sub-Saharan Africa has more than halved over the past two years and ground to a halt in oil exporting countries following low oil prices and the economic slowdown in China, weighing heavily on regional growth prospects, a report said on Friday.

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How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

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Restoring the economy's ability to deliver prosperity

Mukhisa Kituyi, Mukhisa Kituyi, UNCTAD Secretary General. Photo©Salvatore Di Nolfi/AP/SIPAIn the developing world, significant headwinds now cloud growth prospects, threatening to undo hard fought development gains. The Sustainable Development Goals (SDGs) must become the yardstick for judging inclusive growth.

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DRC to repay VAT to mining companies

The KCD open pit gold mine at the Kibali mining site in northeast Democratic Republic of Congo. Photo© REUTERS/Pete JonesDemocratic Republic of Congo will pay some $700 million in value-added tax reimbursements owed to mining companies and suspend VAT on their imports, the finance minister said on Friday.

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Energy: Cameroon's $1 billion hydroelectric dam expected by 2020

File Photo©Charlie Riedel/AP/SIPAA $1 billion hydroelectric dam planned for Cameroon's Nachtigal River will be ready by 2020, adding over 30 percent to the country's hydropower capacity, the minister of water and energy said on Thursday.

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