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Fri,31Oct2014

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Country Profile 2012: CAMEROON

altHaving won the 9 October elections with 78 percent of the vote, Cameroon's long-serving President Paul Biya will have to juggle restless socio-political forces for the next seven years to remain president during what most believe will be his last term. He be 85 years old when his present mandate ends in 2018. 

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Country Profile 2012: DEMOCRATIC REPUBLIC OF CONGO

The crucial test for the year ahead is whether the country's political leaders accept the results of the presidential and legislative elections planned for 28 November 2011.

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South Africa to bail out Europe?

President Jacob Zuma says the move is to "avoid further global instability"South African is set to provide US$2 billion to the International Monetary Fund's war chest, but this has riled trade unions who say the country has more pressing problems.

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Ghana: Politics by numbers

Rural villages will not be Ghana’s electoral battle ground/Photo/HAYDN WEST/REX FEATUR/REX/SIPAThe election campaign is turning into a battle of statistics between the rival parties.

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Country Profile 2012: South Sudan

altIn its first year of independence, South Sudan is one of the most fragile states in the world. Despite the international welcome to its birth on 9 July 2011, its fortunes continue to be hostage to the government of Sudan in Khartoum. A number of old tensions remain between the former civil-war foes. 

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Huge debt on IMF's mind ahead of Zimbabwe visit

Finance Minister, Tendai Biti says the debt question is further alienating the country/Photo/ReutersThe IMF will dispatch a delegation to Zimbabwe for a series of economic discussions with monetary authorities, with the $9 billion debt high on the agenda.

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Ghana, the fight over state or market

altThe NDC government is engaged in a hearts-and-minds battle to convince voters of its vision: a sweeping state-led modernisation programme backed by China.

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Nafissatou Diallo's score card in DSK affair

Nafissatou Diallo is still being defended by her famous lawyer, Kenneth Thompson/Photo/ReutersThe Guinean chamber maid wants to be recognised as a victim in the civil lawsuit she has brought against former International Monetary Fund (IMF) boss Dominic Straus Khan.  Reappearing in court, Nafissatou Diallo has one goal: to win.

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Ethiopian inflation rise by 4 % in a month

Map of EthiopiaEthiopia's month on month inflation rose from 32 per cent in January to 36.3 per cent in February, the country's Central Statistic Agency announced on Monday.

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Country Profile 2012: Burundi

As in recent years the Burundese government's biggest issues in 2012 will be the security issue, having to tackle intensified actions from rebel group FNL. As for the economy, corruption may prove to be the main barrier against a continued in-flow of foreign aid, representing 60 per cent of the state's revenue. 

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Pretoria seeks a solution to the economic slowdown

Struggling with limping growth and high unemployment rates, South Africa's ruling African National Congress (ANC) is reiterating the importance of the state's role in the economy. 

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Nigeria: Do not touch my subsidy !

Thousands of protesters across the country demanded the exit of President Jonathan’s government after the fuel price hike/Photo/PIUS UTOMI EKPEI/AFPThe economics make sense. ­Nigeria spent $8bn in fuel subsidies in the first nine months of 2011 – just less than one-third of the national budget. 

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Lagarde, Zuma on unemployment in South Africa

IMF chief Christine Lagarde says increasing integration into the highly interconnected global economy exposes SA to global business cycles/Photo/Reuters

South African President Jacob Zuma met with the Managing Director of the International Monetary Fund Christine Lagarde on the sidelines of ANC's centenary 

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IMF Executive Board Completes Fifth Review Under ECF Arrangement for Ghana and Approves US$91.55 Million Disbursement

IMF Executive Board Completes Fifth Review Under ECF Arrangement for Ghana and Approves US$91.55 Million Disbursement

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Nigeria 2012 proposal Budget a disaster - NLC

Map of Nigeria

Nigeria's 2012 budget has been fashioned to suit the interest of the World Bank, International Monetary Fund (IMF) and not the Nigerian people, the Nigerian Labor Congress (NLC) has charged.

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Statement at the Conclusion of an IMF Mission to the Central African Republic

Statement at the Conclusion of an IMF Mission to the Central African Republic

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Inflation will slow Ethiopia growth: IMF

The International Monitory Fund Thursday said rising inflation in Ethiopia will slow down economic growth, which the government had projected will hit double figures during the 2011/12 financial year.

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Ethiopia’s inflation up as prices of basic commodities soar

Ethiopia’s inflation quickened to 38 per cent last month in June from 34.7 in May, the country’s statistical agency said on Wednesday. ??The sharp rise has been blamed on the increase in grain prices announced more than a month ago.

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AU wants an African to head IMF after DSK

The African Union (AU) Commission says that a non-European should be at the helm of affairs at the International Monetary Fund (IMF). According to them, tacit agreements governing the international lender only makes it possible for Europeans to hold the position of Managing Director at the IMF.

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