Equity fund targets Africa's 'missing middle'

Summit Development Group's Africa Fund will bring skills and investment to banks and financial institutions and offer loans to unbanked customers

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AU backs Nigerian minister, Ngozi for World Bank

Okonjo-Iweala spent more than two decades in the World Bank, rising through the ranks to the top management level as managing director/Photo/ReutersThe African Union (AU) Commission on Tuesday threw its weight behind Nigerian Finance minister Ngozi Okonjo-Iweala's bid for the World Bank's vice presidency saying has a good track record as a development professional.

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Mining: A bigger share

altHigher commodity prices have propelled mining houses towards the top of the list but also leave governments calling for more direct revenue from operators in the natural resource sector.

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Country Profile 2012: Ethiopia

The country's two largest ethnic groups want to see one of their own holding the top office when Prime Minister Meles Zenawi steps dow. In terms of the economy, the previously high rate of economic growth has started to slip as inflation has soared, spelling trouble ahead for the stability of the financial system. 

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Africa: A miraculous reversal of fortune

For those who were still doubting, Sub-Saharan growth, with an average of more than 5 percent, is benefitting its population.

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Country Profile 2012: SOUTH AFRICA

The big cats jostle ahead of Mangaung
Continuing global uncertainty looks set to impact on Africa's largest economy in 2012, whose economic outlook will largely depend on what happens in Europe and America. Towards the end of the year the key political focus will be on Free State Province's metropolitan municipality of Mangaung, where the ruling ANC came into being exactly 100 years ago.

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Country Profile 2012: MOZAMBIQUE

altFiring up the coals
Eager mining investors from Asian and southern hemisphere countries are beginning to edge out the aid agencies in defining the agenda for Mozambique's development. 

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Country Profile 2012: MAURITIUS

Flag MauritiusThe search for a perfect partner
An ill-fated attempt to revive a grand coalition between Mauritius' two largest political parties lasted little more than a year before collapsing in recriminations in mid-2011, creating a sense of crisis that seemed to coincide with the country's declining economic indicators towards the end of the year.

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Country Profile 2012: MALAWI

Flag MalawiFrom green revolution to red mist
After riding high on the basis of a strong Democratic Progressive Party (DPP) majority in parliament, President Bingu wa Mutharika has subsequently developed fiercely antagonistic relationships with many of those around him.

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African Peer Review Mechanism: Strengthening governance systems - Amos Sawyer

Ex Liberian interim president, Amos Sawyer is a member of the African Peer Review Mechanism's Panel of Eminent Persons/Photo/John Gillespie for Africa Renewal In 2003 the New Partnership for Africa's Development (NEPAD), the continental development plan, initiated the African Peer Review Mechanism (APRM)

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Angola: Development leads to demands

Photo/ReutersThe government is using its oil revenues to build new cities and hire more teachers, but hundreds of people are taking to the streets calling for political change.

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Ghana: Gas gets green light

Policy makers have finally settled on a master plan and financing package that provide the framework for the exploitation of natural gas reserves from the Jubilee field 

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Economic planning for uncertain times - Donald Kaberuka

Donald Kaberuka - President of The African Development BankBusiness confidence in Europe's leading economies is at its lowest level since 2000. The prospects for 2012 are even bleaker, with growth forecast at barely above 1 per cent.

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Ethiopia sells swathes of land to foreigners

Ethiopia has allocated 5 130 hectares of land to foreign investors interested in industrial zones and aims to generate over $500 million in revenue.

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Africa: Fighting that negative image

In July 2001, African leaders adopted the New Partnership for Africa's Development (NEPAD), the road map for the continent's development. Since its adoption a decade ago, how much has the plan achieved? In a frank, plain-talking interview, Ibrahim Assane Mayaki, CEO of the NEPAD and head of Africa's partnership initiative, says a lot has been achieved, contrary to what most western media claim.

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Ghana to become net exporter of electricity

Ghana is seeking private sector participation in the management and distribution of electricity/Photo/reutersGhana is improving its power generation, transmission and distribution capacities to become a net exporter of electricity in the West African sub-region by 2015.

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AfDB moots Côte d'Ivoire return

Donald Kaberuka, AfDB president, commended Ouattara for his leadership whilst commenting on the visible, positive changes in Côte d'Ivoire/Photo/ReutersThe African Development Bank (AfDB) moved closer to a return to Côte d'Ivoire on Tuesday when it signed an agreement confirming its ownership of the land underneath its Abidjan headquarters.

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PPP critical to ECOWAS infrastructure development - Commission

ECOWAS believes the participation of China is strategic as it is expected to create opportunities for the regionA three-week Economic Community of West African States (Ecowas) sub-regional trade and exhibition fair has begun in Lome, Togo, with a special appeal to member states to consider the promotion of public-private partnerships (PPP) as critical to the region's infrastructural development.

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Ethiopia's green revolution on plastic bags and energy

Ethiopian Prime Minister Meles Zenawi has called for discussions on sustainable development to be speeded up/Photo/ReutersEthiopia announced on Monday that it was banning the importation of plastic bags as part of the country's green growth initiatives. The country also launched a series of geo thermal, wind and hydro power projects.

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Obasanjo: "I don't think any part of Nigeria has missed out"

Former Nigerian President Olusegun Obasanjo. Photo: © Dieter Telemans/CosmosNow chairman of the Board of Trustees of the ruling People's Democratic Party, Olusegun Obasanjo still looms large in Nigerian public life.

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