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20/12/04 - Young Entrerpeneur has success
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pan-African news
AU wants common African position on EU trade deals
Trade ministers from around Africa will meet before the end of February to hammer out a common position for the world's poorest continent on new trade deals with Europe, a senior African Union official said. africa.reuters.com
UNCTAD sees increased FDI in extractive industries
Mining and energy industries are likely to see increased foreign direct investment (FDI) this year, the United Nations Conference on Trade and Development (UNCTAD) said on Tuesday. africa.reuters.com
Africa government clamp down on graft activists - group
Campaign groups in resource-rich African countries are becoming more vocal wanting to know where oil and mining money goes but risk mounting government clampdowns, an advocacy group said on Friday. africa.reuters.com
Africa 'being drained of doctors'
Many African countries now have more medics working abroad than they do at home, research shows. bbc.co.uk
China keen to strengthen ties in Africa - foreign min
Resource-rich Africa should increase trade and strengthen ties with China to secure its development and stake in the global economy, Chinese Foreign Minister Yang Jiechi said on Monday. africa.reuters.com
regional and country news
US warns Kenya
As police put the death toll in post-election unrest in Kenya at more than 700, the United States, the country’s biggest aid donor, has warned both the government and opposition that it cannot conduct “business as usual” in the East African nation. ft.com
Leaked memo deepens Kenya crisis
A confidential memo from the World Bank’s Kenya office that supports President Mwai Kibaki’s claim of victory in the country’s disputed elections plunged the Washington-based lender into controversy on Wednesday. ft.com
Quick end to Kenya turmoil needed - IMF
Post-election turmoil in Kenya has clearly disrupted economic activity but the extent of the damage to East Africa's largest economy and its neighbors depends on how quickly the political crisis is resolved, a senior International Monetary Fund official said on Tuesday. africa.reuters.com
ANC behind Zuma for SA president
South Africa's ruling ANC confirms that its new leader Jacob Zuma will be the party's presidential candidate in 2009. bbc.co.uk
Zuma doesn't worry Manuel
Finance Minister Trevor Manuel said that he did not have any concerns about the direction fiscal policy might take following the victory of Jacob Zuma at the ANC's leadership conference in Polokwane last month. iafrica.com
Business confidence at four-year low
Levels of business confidence in South Africa are at their lowest for more than four years with the situation likely to worsen in the coming year, a survey by the chamber of commerce said on Wednesday. iafrica.com
Southern Africa Must Tackle Climate Change
Heavy rainfalls and droughts are likely to become more frequent and severe in southern Africa, but an accurate prediction of these events remains difficult, a regional body says. The Namibian
Scandal-hit Interpol chief quits
Jackie Selebi's resignation follows his suspension on Saturday as South Africa's national police commissioner. bbc.co.uk
Zambia sees $400 mln revenue from new mining tax
Zambia will introduce a windfall mining tax this year in a move it expects to generate $400 million in revenue, President Levy Mwanawasa said on Friday. africa.reuters.com
Liberia: Market Women Help Revive Economy
To the untutored eye of a visitor from elsewhere, the markets in Liberia and many other African countries seem chaotic, noisy, smelly, dirty and often dangerous. Traders and shoppers alike are wary of ever-present pickpockets or, more threatening, criminals. allafrica.com
Nigeria: President Yar'Adua Orders Full Disclosure of All FG Accounts
The Presidency has noted with concern reports in some newspapers on January 8, that the passage of the 2008 appropriations bill may be further delayed because of the non-provision by the executive of information, including details of previously undisclosed "special accounts". Nigeria First / http://allafrica.com
Zimbabwe: Country is Named Worst Economic Freedom Violator
Zimbabwe has been ranked among the worst violators of economic freedom worldwide, adding another smudge to the country's widely condemned human rights record blamed for an economic crisis now entering its ninth year. Financial Gazette / http://allafrica.com
company news
Intel 'undermined' laptop project
Intel repeatedly tried to derail a scheme to bring PCs to the developing world, the head of the project says. bbc.co.uk
Millicom International to Spend US$1 Billion in 2008
Reports by Investor's Business Daily say Millicom International Cellular Company (MICC) expects to spend at least another $1 billion in 2008. Much of that spending is in Africa - Sierra Leone, Chad, Congo, Ghana, Tanzania, and Senegal. Concord Times / http://allafrica.com
Off the map in Africa
Most oil companies, especially those listed in North America, avoid war zones and political hot spots, or, once in them, are forced out (Talisman Energy's flight from Sudan comes to mind). Not Toronto-listed Addax. theglobeandmail.com
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