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.

AU fears donors will cut African aid

Jakaya Kikwete, the Chairman of the African Union (AU) and President of Tanzania, today told the press in Antananarivo that the AU fears international donors may cut aid to Africa as the global financial crisis deepens. Experiences from earlier crises show his concerns are well founded.