Swedish economy doing good, says finance minister
The Swedish economy is on the way up and, according to the forecast, growth will gradually strengthen in the coming years. However, the situation is uncertain, not least because of developments in Greece, says Sweden’s Minister for Finance Magdalena Andersson, presenting the Ministry of Finance’s latest economic forecast at a weeklong political retreat on Tuesday. “Looking around […]
Dutch business delegation to visit Ebola-hit countries
A Dutch business delegation is expected to visit Liberia, Sierra Leone and Guinea from July 6-9 with possible trade and investment opportunities. The Dutch business delegation will be led by Lilianne Ploumen, Minister for Foreign Trade and Development Cooperation. Ms. Ploumen will travel to Monrovia on July 6, and hold discussions with Liberian President Ellen Johnson Sirleaf, […]
High foreign direct investment in Africa
Although the number of foreign direct investments (FDI) fell by 8.4% in 2014, capital investment into Africa surged to US$128b, a year-on-year increase of 136%, according to the recently released EY 2015 Africa Attractiveness Survey and the average investment increased to US$174.5m per project, up from US$67.8m in 2013. Charles Brewer, Managing Director of DHL […]
Eritreans to protest against UN report
Eritreans and friends of Eritrea in Europe, outraged by the recent unwarranted attack on the state, people and government of Eritrea by the UN Human Rights Council (HRC) Commission of Inquiry (COI) and Special Rapporteur Report on the Human Rights situation in Eritrea, and standing for genuine human rights, are holding a mass protest rally […]
Africa sets up fund to promote science
A ‘Regional Scholarship and Innovation Fund’ for Africa was launched on 13th June 2015. The launch event was led by the President of the Republic of Senegal Macky Sall and representatives of the heads of states of Ethiopia and Rwanda. The Fund will contribute to the World Bank ‘Partnership for Skills in Applied Sciences, Engineering […]
Tough challenges for developing countries
Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group’s latest Global Economic Prospects […]
African leaders praise NEPAD
African leaders gathered last Saturday morning at the Sandton Convention Centre in South Africa for the 33rd New Partnership for Africa’s Development (NEPAD) Heads of State and Government Orientation meeting. Welcoming the delegation to the Opening Session, South African President Jacob Zuma commended NEPAD for keeping the dreams and potential of the African continent alive. […]
Liberia’s central bank governor pushes ahead
The executive governor of the Central Bank of Liberia (CBL), Dr. Joseph Mills Jones is strongly kicking back against what he termed as baseless and noisy arguments against the bank’s scheme to financially empower ordinary Liberians. Governor Jones said the CBL’s financial inclusion program is based on finding ways and responses to the situation that exists in […]
Ngafuan: Elect nationalist, goal-getter in 2017
Liberia’s Foreign Minister Augustine Kpehe Ngafuan says in the 2017 elections Liberians should elect a leader who is a goal-getter and nationalist, someone with a solid record of performance. Speaking recently in London, the UK at the induction ceremony of new leaders of the Union of Liberian Organizations in the United Kingdom (ULO – UK), Minister […]
Boost investment in Africa’s energy
African governments, investors, and international financial institutions must significantly scale up investment in energy to unlock Africa’s potential as a global low-carbon superpower. That is the main message of a new report from Kofi Annan’s Africa Progress Panel, Power, People, Planet: Seizing Africa’s Energy and Climate Opportunities. The report, issued recently, calls for a ten-fold increase […]
