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African Development Bank Shows Commitment to Science, Technology and Innovation Across Africa
Emerging Markets Business News
Thursday, 05 April 2012 06:41
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The ministerial session of the first African Forum on Science, Technology and Innovation (STI) opened this morning in Nairobi (Kenya), in the presence of Kenyan President Mwai Kibaki and several ministers or their representatives about twenty-five African countries.

Group President of the African Development Bank, Donald Kaberuka, was present, and the Director General of UNESCO, Bokova and representatives of the Economic Commission of the African Union Commission and United Nations Economic for Africa (UNECA). In his speech, President Kibaki thanked "the African Development Bank and other institutions of support for this Forum and assistance to African countries in the field of ITS."

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Zimbabwe plans to ban car imports from Japan
Emerging Markets Business News
Tuesday, 13 March 2012 07:55
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Harare, Zimbabwe - Zimbabwe plans to ban second-hand car imports from Japan which it fears may be contaminated with radioactive material released into the atmosphere when the Fukushima Nuclear Power Plant was damaged by a tsunami in March last year, Transport Minister Nicholas Goche.

The state-run Herald daily reported on Tuesday that Nicholas Goche told the Parliamentary Committee on Transport, Communication and Infrastructure Development that the Zimbabwean government has begun working on monitoring mechanisms to ensure vehicles imported into Zimbabwe are safe.

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New study on energy reform in Africa uses Nigeria as case study
Emerging Markets Business News
Tuesday, 13 March 2012 07:46
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The cost to the Nigerian government of its fuel subsidy shot up by almost five times to USD 9.3 billion between 2006 and 2011, and accounted for 30 percent of all federal expenditure – a statistic quoted a new study on reforming the energy sector in Africa by the African Development Bank.

The study, published by the AfDB’s Chief Economist department, uses the case study of Nigeria for lessons in how to carry out such an energy reform program, particularly with regard to cutting or eliminating fuel subsidies while avoiding or minimising adverse effects such as supply-shock inflation and social unrest.

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Africa Agrees Green Growth is Path to More Prosperity, Healthier Economy and More Jobs
Emerging Markets Business News
Tuesday, 01 November 2011 19:02
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The Sixth African Economic Conference (AEC) wound up on Friday in Addis Ababa, Ethiopia, after four days of brainstorming on the environment, climate change and green growth and how they affect Africa's future prosperity.

This year's event, which had the theme "Green Economy and Structural Transformation", attracted experts from the worlds of international organizations, the public and private sectors, governments, academia, civil society and the media.

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Liberia Gets US $56 million Grant to Improve Public Financial Management
Emerging Markets Business News
Friday, 16 September 2011 12:40
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The Liberian government's efforts to accelerate economic growth and reduce poverty recently received a boost with the signing of two USD 56-million (UA 35 million) grant agreements to improve public financial management and infrastructure maintenance capacity in public works.
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