Global slow-down increases Africa’s risks

Current global turbulences are increasing Africa’s risk of decline in resource flows, both in private capital, remittances as well as aid, IMF has said in a report.

Africa to be hit by world crisis

While economic growth projections for Africa in 2009 remain quite optimistic, the continent is set to feel a negative impact of the global financial crisis. Credits will be more difficult to obtain and development aid transfers are set to be reduced.

South Sudan delegation participates in border workshop in UK

September 22, 2008 (LONDON) – Officials from southern Sudan government participated in a three day training workshop on strategies and tools for effective border management in the United Kingdom.

Is Ethiopia really enjoying economic development?

Many Ethiopians, especially those in the Diaspora community have been and still are puzzled by two contradictory phenomena regarding the Ethiopian economy. On the one hand, the ruling party, the EPDRF, has been reporting record-breaking growth rates of the Ethiopian economy, year-after-year. Year after year, we have been informed that the state of the Ethiopian economy was on a higher growth trajectory, “thanks to the policies of the ruling government.” As of this writing, a rosy forecast is provided by the government for both this year (2008) and the next one, while at the same time, the United Nations humanitarian agencies such as UNICEF are reporting, as did the Voice of America on its June 6th broadcast, that “Ethiopia Faces Worsening Food Shortage…” Nearly a month ago, the prime minster, Mr. Meles Zenawi told the parliamentarians the rampant inflation rate that has engulfed the country was due to the “empowered” peasants asking for higher prices for their produce and due to a growing economy.