Archive for the ‘Economy’ Category

The world’s wealthy countries often criticise African nations for corruption – especially that perpetrated by those among the continent’s government and business leaders who abuse their positions by looting tens of billions of dollars in national assets or the profits from state-owned enterprises that could otherwise be used to relieve the plight of some of the world’s poorest peoples. (more…)

South African opposition parties have submitted a motion of no confidence against President Jacob Zuma saying that corruption and unemployment have risen, the justice system has been politicised, and the economy has weakened.

The motion, backed by eight parties, was triggered by the recent deadly mine strikes, the downgrading of the country’s credit rating by two major agencies, and big spending of state funds on Zuma’s rural residence, according to a joint statement by the parties on Thursday. (more…)

A generator that runs on urine,designed by three 14-year-old school girls, was on show. People from the tiniest African villages to some of its largest cities have converged on Lagos, Nigeria, this week to talk about making stuff.

The Maker movement – which encompasses traditional handicrafts through to cutting-edge robotics, is growing exponentially around (more…)

Some people on this continent expected more from the son of man who grew up herding goats in a village in western Kenya.

President Barack Obama made only one, cursory trip to sub-Saharan Africa during his first term, and at the time made it fairly clear that he would not be smothering the continent with attention.

“Africa’s future is up to Africans,” he said in Ghana, in a speech that quietly acknowledged the limitations of American influence in a region that now trades more with China than the US. (more…)

Africa’s economy may be booming, but this will do little to help unemployment and poverty if growth is jobless and its spoils are limited to the few.

“What we need in Africa is balanced development. Economic success cannot be a replacement for human rights or participation, or democracy … it (more…)