NewsWest Africa

Sun,27Jul2014

West Africa

Democracy's tarnished model

Developing economies are bounding ahead amid mounting social discontent. Istanbul, as it turns out, is a good place to discuss politics in Africa.

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"Worsening economic conditions" push Ghanaians to the streets

Photo©Billie McTernanAccra, Ghana's was brought to a virtual standstill on Thursday, as workers from both the private and public sectors heeded calls by unions to stage a nationwide strike in protest to what they describe as worsening economic conditions.

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Eurobonds whet the African appetite

Traders work on the floor of the Ghana Stock Exchange. Photo©Jonathan Ernst/World BankAttracted by the prevailing low interest rates, cash-strapped African countries looking to borrow money on international private markets are increasingly turning to Eurobonds as the instrument of choice.

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West Africa Joint Task Force to take on Boko Haram

Photo©ReutersLeading West African countries have agreed to set up a joint military force to confront the growing regional threat posed by Islamist militants that particularly Nigeria's Boko Haram.

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Telecoms: Airtel Ghana commits GH₵ 200 million in network expansion

Airtel Ghana is investing GH₵ 200 million (approx. $59 million) in a network services expansion drive with an emphasis on revamping data services.

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Nigeria must boost foreign exchange reserves before cutting rates

Central Bank Governor Godwin EmefieleNigeria's central bank needs to increase its foreign exchange reserves before conditions would be suitable for a rate cut, and a cut is unlikely before presidential elections next year, one of the bank's deputy governors said on Wednesday.

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