The United States Congress has allowed Kenyan exporters to market peas, corn and carrots to the lucrative
Why Africa’s Slow Growth?
According to Challenges of African Growth; Opportunities, Constraints and Strategic Direction, a report by World Bank, Africa’s slow economic growth is due to low levels of investment and poor policies. “Investment in Africa yields less than half the return measured in growth terms than in other developing regions,” says the report.
Cancel Debts, Prof Wangari Maathai Tells Rich Nations
The 2004 Nobel Peace Prize winner, Prof. Wangari Maathai, said rich countries should write off the debts of poor countries. She blamed African leaders for diverting such funds into foreign accounts leaving a majority of the poor carrying the burden of servicing debts. “For many years, funds advanced to African countries by rich nations and financial institutions have not benefited the poor. The money has either been misused or was looted by corrupt and dictatorial leaders.”
Diamond Deal Signed
The diamond sales agreement between the Namibian government and diamond giant De Beers has been signed and extended to 2013. The Namibian diamond industry hopes that the revised deal will bring benefits to their businesses and
China is to give