NewsCentral Africa

Thu,17Aug2017

Central Africa

Sub-Saharan Africa debt issuance down 10% so far this year

A money changer counts Nigerian naira currency at a bureau de change, in Lagos. Photo: Sunday Alamba/AP/SIPADebt issuance in sub-Saharan Africa fell by 10% in the first half of 2016, data from Thomson Reuters showed on Monday, as sinking currencies and faltering economies forced borrowers to take a breather.

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AU launches African passport

File photo©ReutersThe African Union (AU) on Monday launched its continental passport at a ceremony witnessed by over 40 heads of state meeting at the 27th AU summit in Rwanda's capital, Kigali.

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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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