Monthly Archives : July 2010

Zimbabwe: Drops Charges against Diamonds Activist

Zimbabwe: Drops Charges against Diamonds Activist

Campaign group Global Witness Tuesday 13th July welcomed the decision by the Harare High Court to grant bail to activist Farai Maguwu, who has been in custody since June 3rd. He is being charged for ‘communicating falsehoods’ about human rights…

Comments Off / 22 View / 20th July 2010

Kenya: Central Bank challenges EA Banks to Expand

Kenya: Central Bank challenges EA Banks to Expand

The Central Bank governor has challenged banks in the East African region to expand, in order to fast track the implementation of the East African Community. ‘We are seeing an opportunity of more than 126 million people across the community….

Comments Off / 14 View / 20th July 2010

Rich Pickings for Mobile Phone Investors

Rich Pickings for Mobile Phone Investors

Investors in the mobile phone sector are likely to get quick returns for their money if they choose the African continent a new survey by telecoms infrastructure firm Ericsson shows. The survey notes that there is a surge in mobile…

1 Comment / 16 View / 20th July 2010

Farnborough is Shop Window for Deadly Weapons

Farnborough is Shop Window for Deadly Weapons

Repressive regimes and countries in conflict are among the military delegations are attending the 2010 Farnborough Air Show. Algeria, Iraq, Libya, Pakistan and Saudi Arabia will attend, having been invited by the UK government. Campaign Against Arms Trade (CAAT) says…

1 Comment / 24 View / 20th July 2010

Hundreds made homeless by mass forced evictions in Kenya

Hundreds made homeless by mass forced evictions in Kenya

Amnesty International has called on the Kenyan authorities to halt the forced evictions in a Nairobi settlement that have left hundreds of families homeless and destitute. A bulldozer from the Nairobi City Council flattened market stalls in Kabete NITD on…

Comments Off / 16 View / 20th July 2010

IMF Forecast projects Continued African Economic Growth

IMF Forecast projects Continued African Economic Growth

In April the IMF released its bi-yearly forecast on the current world economic climate and the results for sub-Saharan Africa look promising. The region is weathering the global financial crisis well and its recovery is expected to be stronger than…

5 Comments / 8 View / 20th July 2010

Oxford Economists draw up Poverty Meter

Oxford Economists draw up Poverty Meter

The United Nations Development Program (UNDP) and Oxford University launched a new poverty measure to gauge poverty levels and help target development resources more effectively. The Multidimensional Poverty Index (MPI), is being used to assess a range of ‘deprivations’ such…

Comments Off / 18 View / 20th July 2010

Kenya: New CGIAR HQ?

Kenya: New CGIAR HQ?

The country is pushing to be the new headquarters for the Consultative Group of International Agricultural Research (CGIAR). It is the only African Member in the final shortlist. In return for becoming CGIAR HQ, it will offer office facilities and…

Comments Off / 18 View / 20th July 2010

Nigeria: President Reconsiders Birthday Budget

Nigeria: President Reconsiders Birthday Budget

Mounting criticism has led to President Goodluck Jonathan to slash the expenses for the country’s Golden Jubilee from N16.4 billion to N9.5 billion. The adjustments were included in the latest amended supplementary budget released on July 7th. In a letter…

3 Comments / 27 View / 20th July 2010

South Africa: Final World Cup Cost

South Africa: Final World Cup Cost

Initial calculations show that R93-billion (approximately £8.05 billion) was pumped into the economy just before and during the FIFA World Cup, government spokesperson Themba Maseko said on Wed 14th July. The country’s successful hosting of the event would also lead…

3 Comments / 24 View / 20th July 2010