China's Hu ends Africa tour with boost to Kenyan ties

Chinese President Hu Jintao signs agreements in Kenya, on oil, malaria drugs, rice and road maintenance. BBC

UK Parliamentary report launched on Doha Trade Round

The UK Parliament’s International Development Committee has published its Report on “The WTO Hong Kong Ministerial and the Doha Development Agenda”.  International Development Committee

PanAfrica: Continent Needs 10 Million Jobs Yearly, Says ILO

The director-general of the International Labour Organisation, Mr. Juan Somavia said in Cairo yesterday that Africa needs to create 10 million jobs per year, in order to meet the growth in her labour force just as he called on African leaders to balance economic policies with social content in the interest of the people. Vanguard / http://allafrica.com

Come back to Africa, say ex-leaders

Ten former African presidents on Friday called on Africa's diaspora, especially in the United States, to return and use their skills and economic power to help develop the world's poorest continent. iAfrica.com

World Bank: Full Debt Cancellation Approved for Some of the World's Poorest Countries

The World Bank announced today that the Multilateral Debt Relief Initiative has been approved, clearing the way for cancellation of International Development Association (IDA) debt to some of the world's poorest countries. World Bank / http://allafrica.com

Internet Connections Growing Fastest in Africa

Africa is gaining Internet connectivity faster than any other region and as such, service is spreading to smaller cities and rural areas via innovative technologies. United States Department of State / http://allafrica.com

Nigeria: Economy Not Growing Enough to Eradicate Poverty By 2015, Says IMF

The International Monetary Fund on Friday said that Nigeria economy is not growing fast enough to eradicate poverty by 2015. The World Financial monitor said in its 2006 Africa Regional Economic Out look that growth in Nigeria accelerated by nearly one percentage point to 6.9 per cent, attributing it to strong performance in both the oil and non-oil sector. But the IMF said that the growth fell short of the 7 per cent needed to achieve the millennium development goal. Vanguard / http://allafrica.com

Tanzania: Govt Now Reduces Growth Target to 5.8 Percent

Tanzania has revised its growth target for this year from 7.2 per cent to 5.8 per cent to reflect the impact of prolonged drought on agriculture and the rationing of electricity on industry. The East African / http://allafrica.com

Zim inflation to top 1000%

By month-end, Zimbabwe's year-to-year inflation rate will have topped 1000 percent, according to calculations by the regionally represented Imara financial services group. iAfrica.com

Zambia: Inflation Hits Single Digit

The annual inflation rate has hit a single digit of 9.4 per cent as at April 2006. The Post / http://allafrica.com

Ghana: Unilever Chairman Says Country is Not Yet Attractive to Business

Dr Ishmael Yamson, Chairman of Unilever Ghana limited has done what many of his peers dare not. He has publicly contradicted government's eulogy that the Ghanaian economy is in the best of times and thus the 'golden destination' for investors. Public Agenda / http://allafrica.com

Rwanda: Country 'Open for Business' – Kagame

Rwanda's president has said that Rwanda is now open for business in an invitation to Canadian investors to build enterprises in his country. Business in Africa / http://allafrica.com

Chad: World Bank Set to Release Frozen Oil Funds

The World Bank is close to ending a six month spat by agreeing a compromise deal that would allow President Idriss Deby to access more of the country's oil revenues, sparking fears that the cash will be spent on guns and not development projects as initially intended. UN Integrated Regional Information Networks / http://allafrica.com

Uganda: Country to Join Comesa FTA Soon

Uganda will join the Common Market for East and South Africa (Comesa) Free Trade Area within three weeks. Mr Nathan Nabeta, State Minister for Trade disclosed this during a two-day Northern Corridor Stakeholders' Forum at Resort Beach Hotel Entebbe. The Monitor / http://allafrica.com

Algeria: Russia to Form Gas Production Alliance With Algeria

A new business alliance is forming between Russia and Algeria, Africa's largest gas producer. Business Day / http://allafrica.com

South Africa: Number of Family Businesses Soars to Over the Million Mark

The number of family-owned businesses in South Africa has soared above the million mark as empowerment starts to pay dividends. Sunday Times / http://allafrica.com

'Exceptional year' for Cell C

South Africa's third cellular provider Cell C on Tuesday reported a 32 percent hike in subscriber numbers from 2004. iAfrica.com

Absa raises R3bn from issue

Banking group Absa on Tuesday announced that the bank has successfully raised R3-billion of regulatory primary capital by privately placing and listing its first non-cumulative, non-redeemable preference share issue on the JSE. iAfrica.com

Skills exodus at Eskom

Eskom had lost about 15 percent of its professional staff between 1994 and 2006, Public Enterprises Minister Alec Erwin has said. iAfrica.com

Branson on wealth

Sir Richard Branson famously has fun with his immense wealth. But he also feels that great wealth brings great responsibility. He talks to the Magazine about the business of philanthropy. BBC