Nigeria's communications minister has rejected calls for the government to halt its efforts to dispose of struggling state telecoms company Nitel.

Africa needs at least $ 200 billion in the next 10 years to make electricity available to 600 million people, the ongoing World Economic Forum has been told.

Africa's leaders should be prepared to say no, Ethiopian prime minister Meles Zenawi told business and political leaders in Addis Ababa at the World Economic Forum on Africa 2012 yesterday.

The World Economic Forum (WEF) has honoured five African innovators in its roll of Social Entrepreneurs of the Year 2012 

Klaus Schwab, founder and executive Chairman of the WEF, presented the award to the five on Wednesday, the opening day of the summit in Addis Ababa, Ethiopia.

Ghana has refuted claims by a former deputy governor of its central bank that its inflation figures are flawed.

Ghana's annual inflation rose to 9.1 percent in April from 8.8 percent the previous month, government said on Monday.