Ghaddafi disappears from Libyan notes
afrol News - Mohamar Ghaddafi is soon to be destructed for good, at least from Libyan banknotes. The Tripoli Central Bank finally has its new paper money ready, where the ex-dictator is replaced by revolutionary fighters.
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» Large budget aid programme for Tunisia
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Economy - Development features
Seychelles
Seychelles' silent 2nd revolution
afrol News - The small island nation of Seychelles found itself in a deep crisis in 2008, which had its roots in the 1979 socialist revolution. A new economic "revolution" in 2008 however is reinventing the nation's economy, turning old truths upside-down and removing the disputed legacy of ex-Dictator France Albert René.
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Africa | World
Eastern Europe starts repaying Africa
afrol News - The fall of the Iron Curtain cost Africa much in terms of reduced investments and development aid, which in the 1990s was redirected to Eastern Europe. But now, following EU demands and increased wealth, country after country in the region is setting up development cooperation agencies focusing on Africa, with booming budgets.
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Africa
Africa to pay for Europe's "green policies"
afrol News - In efforts to make quick and symbolic gains in Europe's otherwise failed policies to curb climate gas emissions, environmental and anti-globalisation politicians are aiming at Africa's few economic success stories. Campaigns to buy locally produced food and travel to local destinations particularly hit out against African products.
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Africa
Africa highlights 2004 by afrol News
afrol News - Negative news often dominate the international coverage of Africa. 2004 however has seen much more than the crises in Darfur and Côte d'Ivoire. Peace has returned to many more countries, democracy and human rights are strengthening in Africa and the economy is booming in many countries. The link between democracy and development has been demonstrated and the outlook for 2005 is mostly positive.
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South Africa | Africa
Why phone calls are so expensive in Africa
Sponsored Feature - It is estimated that African telecom operators are cheated for revenues totalling more than US$ 1 billion from their northern counterparts, who are not properly billed when international calls are made to Africa. These losses are a major reason behind the stiff pricing of international calls for Africans.Christian Ciupek, of South Africa's Intec Telecom Systems, looks at the issue. Read more
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Lesotho
Lesotho: Water of the future, waters of the past
afrol News - Lesotho used to be an oasis of freedom in the middle of apartheid South Africa; now it's an oasis of poverty. The small kingdom however has one resource promising increased welfare for all: trickling mountain brooklets. The Mohale Dam uniting them for further exports to South Africa is soon to be finished, but the most visible result so far is that more than 30,000 people have lost all they had due to the dams. Read more
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Gambia
The Gambia tackles poor governance
afrol News / IMF Survey - Although the price of poor governance is difficult to quantify, the toll it takes on a country's progress can be substantial. In The Gambia over the past decade, a property seizure and a coup, among other events, led to major setbacks in overall economic performance and contributed to worsening poverty. But the country has persevered in its reforms and has taken relatively timely steps to address governance issues and win back donor support.
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Benin
Benin's economic performance and indicators; 2000
afrol News - The International Monetary foundation (IMF) in 2000 assessed Benin's economic and financial performance under the 1998-99 program "as broadly satisfactory, although the financial situation in the cotton sector deteriorated sharply and implementation of key structural reforms was delayed." Read more
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Mozambique
Mozambique: growth with poverty
afrol News / Africa Recovery - Since peace came in 1992, the image of Mozambique has been transformed from that of an economic basket case to an African "success story." Despite severe flood damage this year, the economy has grown dramatically, achieving some of the highest growth rates in the continent. But poverty remains widespread and the country is still heavily dependent on donor aid - and subject to the onerous conditions attached to such assistance.
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Cameroon
Cameroon's economic and financial performance indicators; 2000
afrol News - The International Monetary foundation (IMF) in September 1999 assessed Cameroon's economic and financial performance to have "a good record of performance under the first annual ESAF program continued under the second, despite the adverse impact of a sharp deterioration in the terms of trade in the first half of 1998/99. Almost all quantitative and structural performance criteria and benchmarks for the year were met. Real GDP growth for 1998/99 was revised downward from 5 1/4% to 4½ %, and the annual average national consumer price inflation was contained at 2.9 %."
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Mozambique
Mozambique's debt burden in historical perspective
afrol News / IMF - In relation to the approaching Mozambican completion of the enhanced Initiative for Heavily Indebted Poor Countries (HIPC), Alessandro Rebucci of the International Monetary Foundation has analyzed the Mozambican debt burden in historical perspective. In an IMF study, Alessandro Rebucci asks why and how Mozambique accumulated unsustainable debt.
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