Economy

Chaos in Western-dominated capital and money markets has spared Africa so far. Many economists believe that Africa might be largely insulated from the first wave of damage from the...

Blood diamonds are no longer a main concern for Africa's diamond industry. A reputation for fuelling conflict is no longer a big obstacle to sales, according to the 47 delegates, r...

For Africa, the Annual Meetings of the World Bank and the International Monetary Fund seem to resemble the shareholders’ meeting of a smallish public company bravely struggli...

After many years of debate among politicians, business and unions, the draft of a grand industrial strategy for South Africa has emerged in time for the party conference in Decembe...

The East African Community has formally welcomed Burundi and Rwanda, which signed the accession treaty on 18 June. Yet the entry of two small, poor, landlocked, Francophone countri...

Africa produces far less than the Middle East: around 2.6 million barrels a day from Nigeria and close to 2 mn. b/d from Angola by the end of 2008, compared to Saudi Arabia's 9 mn....

He came to power in 2005 with a reputation as a nationalist bruiser with hardline views and a dubious past of Marxist policies and human rights abuses. Since then, President Armand...

As Western campaigners congratulate themselves on achieving the cancellation or reduction of African countries' foreign debts, the grateful recipients are seeking new ways to borro...

There is little chance that staff will allow new President Robert Zoellick a honeymoon at the World Bank's lavish H Street headquarters in Washington DC. The ghost of Paul Wolfowit...

British High Court Justice Peter Smith has found that ex-President Frederick Chiluba stole US$46 million of state funds from Zambia between 1991 and 2002 (AC Vol 46 No 20). In a 22...