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Emerging Markets Business News
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Tuesday, 29 March 2011 08:05 |
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The African Development Bank (AfDB) Group’s effort in Zimbabwe’s economic recovery has received a major boost with the publication of a comprehensive infrastructure development action-plan for strong and sustained growth in the country. The 342-page report titled “Infrastructure and Growth in Zimbabwe - An Action Plan for Sustained Strong Growth” has been endorsed by an informal AfDB Board.
In a foreword, AfDB Vice-President for Country and Regional Programs and Policy, Aloysius Ordu, explained that the Flagship Report is part of an analytical work designed to enable the Bank to strengthen its knowledge base in Zimbabwe’s infrastructure sector. The focus of the Report, he underscored, is on operations and services associated with transport, electric power, information and communication technologies (ICT) as well as water and sanitation in Zimbabwe.
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Emerging Markets Business News
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Monday, 28 March 2011 03:55 |
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PRETORIA —The African Diaspora, a population of Africans now spread across the globe, still plays an active role in the advancement of the continent. To help continue their involvement, the African Union’s Africa Diaspora Technical Committee of Experts Meeting (TCEM) took place in February to outline projects that will engage the Diaspora in the continent’s future.
The TCEM was organized around three themes for Diaspora engagement: (a) Political Cooperation; (b) Economic Cooperation; and (c) Social Cooperation. Its objectives were to update the Plan of Action (prepared in 2007 as a basis for a planned 2008 Heads of State Summit in South Africa) and to come up with a priority list of Diaspora-focused bankable projects, projects that are eligible for financing.
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Emerging Markets Business News
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Sunday, 27 March 2011 13:00 |
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Abuja (Nigeria) The Central Bank of Nigeria (CBN) says in spite of the country's oil production level of 2.1 million barrels per day in 2010 and the huge revenue earned through oil and gas, the economy is yet to make significant impact in terms of job and wealth-creation for the vast majority of the populace.
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Emerging Markets Business News
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Tuesday, 22 March 2011 08:55 |
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Atlanta, GA - (emergingminds.org) - The Dow Jones Africa Titans 50 Index (DJAFK:IND) is down more than 7% year to date compared to just over a 2% gain for the Dow Jones Global Titans 50 Index(DJGT:IND). However, investors in the African Titans have little to complain about since the index is up nearly 40% over the last 5 years.
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Emerging Markets Business News
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Monday, 21 March 2011 09:00 |
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Pretoria - African Development Bank (AfDB) President Donald Kaberuka has affirmed his institution’s strong commitment to enhancing regional integration and growth in Southern Africa.
Addressing the media close to the end of a six-day official visit to the region, Dr. Kaberuka said the AfDB had done well in terms of the volume of its support to South Africa and the broader SADC region but still had to do more in view of the challenges that still abound.
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Emerging Markets News
