World Bank Eyes Remittances to Fund Continent

The World Bank plans to tap into diaspora remittances to fund its proposed $13 billion projects in Africa over the next three years through a structured fund that will support the continent's development goals. Business Daily / http://allafrica.com

UK gives $863 mln for African development projects

Britain has doubled its contribution to the African Development Fund (ADF), paying $863 million to underpin projects in the continent's poorest countries, the African Development Bank said on Wednesday. africa.reuters.com

EU told to change tack in Africa or lose to China

The European Union must abandon paternalism in Africa and strongly invest in the commodity-rich continent or risk being overtaken by China's "easy money", the bloc's development chief warned on Friday. africa.reuters.com

World Bank launches new AIDS strategy for Africa

Overtaken as the largest funder of global HIV/AIDS programs, the World Bank is now focusing on easing the economic damage inflicted by the disease in Africa and finding ways of controlling its spread through better prevention, care and treatment. africa.reuters.com

Mozambique's Chissano to push for better governance

Mozambique's former President Joaquim Chissano, who stood aside after helping to end his country's civil war, said on Monday he would use a $5-million prize to push for better governance in Africa. africa.reuters.com

Give Africa a Chance- Mo Ibrahim

The chairman of Mo Ibrahim Foundation has called on European investor to stop using prevalence of corruption and economic challenges in some African states as an excuse to invest in the continent. The Voice / http://allafrica.com

Oxfam Warns Continent About EU Trade Deal

London-based charity Oxfam has warned African countries not to rush into signing the European Union (EU) Economic Partnership Agreements (EPAs) in their present form as this would result in opening up the continent's markets to EU trade "too fast and too deeply". Business Day / http://allafrica.com

UK's Brown isolates self rather than Mugabe

British Prime Minister Gordon Brown looks to have isolated himself rather than Zimbabwean President Robert Mugabe by boycotting an EU-Africa summit next month in protest at the veteran leader's presence. africa.reuters.com

African nations in EU trade deal

The five countries that make up the East African Community sign a trade deal with the European Union. bbc.co.uk

Nigeria ends honeymoon period

The BBC's Alex Last in Lagos reviews the first six months of Umaru Yar'Adua's presidency. bbc.co.uk

Nigeria to review privatisations

Nigeria is to review the multi-million dollar privatisation deals ordered by former President Olusegun Obasanjo. bbc.co.uk

Nigeria: Govt Plans $1b Free Trade Zone

The federal government is planning to set up a new Free Trade Zone which is likely to be fashioned after the Port Klang Free Zone (PKFZ) concept in Malaysia. Leadership / http://allafrica.com

Ending Famine, Simply by Ignoring the Experts

Malawi’s agricultural turnaround has implications for fighting hunger across Africa. nytimes.com

Uganda: China to Build U.S. $10 Million Car Assembly Plant

Uganda will start assembling vehicles and motorcycles in January 2008 in a joint venture that will see the Chinese government and Chinese automobile manufacturer, Geely International play a crucial role. The East African / http://allafrica.com

Ethiopia: Nation Among Top 30 in Ease of Paying Taxes

Ethiopia ranked one of the best 30 nations in making tax payments easier amongst 178 world economies, the World Bank's latest report on ease of paying taxes released last month. The Reporter / http://allafrica.com

Rio Tinto Alcan Partners to Support Guinea's Efforts in Achieving Millennium Development Goals

Rio Tinto Alcan announced today, during an official ceremony held in Conakry, that it will support Guinea's efforts to achieve the Millennium Development Goals (MDGs) through a Partnership with the United Nations Development Programme and Guinea's National Ministry of the Interior and Security. csrwire.com / http://business-humanrights.org

A Little Laptop With Big Ambitions

How a computer for the poor got stomped by tech giants. online.wsj.com

Ending Dispute, Starbucks Is to Help Ethiopian Farmers

After a dispute that turned into a public relations problem, Starbucks said that it would open a center to help Ethiopian coffee farmers improve the profitability of their crops. nytimes.com

Tanzania: East Africa's Most Respected

Kenya's Safaricom is the most respected company in East Africa today. The Citizen / http://allafrica.com

Telkom ends disposal talks with MTN, Vodafone

Telkom, South Africa's former telecoms monopoly, on Wednesday called off break-up talks with mobile phone rival MTN and partner Vodafone Group Plc, sending its shares plunging. africa.reuters.com