As Western bankers and traders cheer higher growth rates, Africa’s economists sound alarms about the lack of investment in manufacturing and new jobs
Celebrating Africa’s impressive growth rates over the past decade has become a growth industry of its own. Africa’s economies have been outpacing Eastern Europe, the Middle East and South America. Seven out of the ten fastest-growing economies in the world will be in Africa, according to the International Monetary Fund. Its sister organisation, the World Bank, argues that Africa could be on the brink of an economic take-off similar to China’s in the 1980s. It adds that governments have slashed budget deficits and brought down inflation to single figures, duly encouraged, of course by the IMF and World Bank.
Despite corruption worries and a row with Obasanjo over the crisis in the north, President Jonathan prepares to stand in the 2015 elections
Election billboards in the business district of Abuja calling for President Goodluck Jonathan to stand for election again in 2015 opened the political season of the New...
International organisations say it is a model of probity and efficiency, but the Electoral Commission must answer detailed claims of vote rigging
The year started with the presidential inauguration of John Dramani Mahama on 7 January and then consideration by the Supreme Court of a petition claiming his election had...