[allAfrica]Last year, the United States announced a new strategy toward sub-Saharan Africa that emphasizes increased trade and investment, including intra-African trade. Officials acknowledge that more work needs to be done, especially now that China has become Africa's largest trading partner.
[World Bank]DAR ES SALAAM, May 21, 2013 -Tanzania and its East African neighbors could boost their annual Gross Domestic Product (GDP) by up to US$1.8 billion and US$ 830 million respectively by taking measures to improve the efficiency of the Port of Dar es Salaam, according to the latest Tanzania Economic Update published by the World Bank.
[The Star]THE Independent Party leaders Kalembe Ndile, yesterday morning narrowly escaped death after bandits allegedly stormed his Syokimau estate home but were repulsed by his personal security.
Professor Chinua Achebe had left the University of Massachusetts about a decade before I joined the same University in 1983 as Professor and Director of the Automation and Robotics laboratory. At the...
Welcome Remarks By HE Dr. Nkosazana Dlamini Zuma, Chairperson of the African Union Commission to the Opening Session of the 26th Ordinary Session of the Permanent Representatives Committee (prc) Addis...
Apartheid South Africa looked after white people and nobody else. Now some of its white communities face a level of deprivation, or of violence, which threatens their future in the country.
Everyone...
Press Release
African Caribbean Institute President named one of the 25 most influential Africans in the United States.
The prestigious African Sun Times of New York named Dr. Leonard Madu, President...
Statement by the Press Secretary on the President’s Travel to Africa
President Obama and the First Lady look forward to traveling to Senegal, South Africa, and Tanzania from June 26 - July 3. The...
Nigeria inflation rate in 2013 continues to be below 10 percent for the fourth month in a role. According to the numbers coming from The National Bureau of Statistics (NBS), the 2013 April inflation rate stood at 9.1 per cent, much higher that of March 2013 which was 8.6 percent.
"Sanusi and his gang at Central Bank of Nigeria have made it their agenda to lower inflation rate below 10 percent since 2009. But that has been elusive, except in July...
It does not happen often, but five living American presidents recently gathered in Dallas, Texas to dedicate George W. Bush presidential Library. Political and ideological differences notwithstanding, there was a resounding conclusion that George W. Bush policy on Africa was most effective and generous especially his endeavor to combat HIV/AIDS crisis and signing peace treaty in Sudan.
When most people do contemplate on which American president...
AFRIPOL Commentary and Analysis:
CAMAC Energy Inc. (NYSE MKT: CAK), a United States publicly traded Energy Company that primarily engaged and focused on strategic development of oil projects by singular and multilateral operations principally in Africa. The market capitalization of CAMAC Energy Inc is $104.46 million.
As reported by eStock daily, CAMAC Energy current ratio stood at 0.68, "while its shares were looking forward SMA50...
"Déjà Vu All Over Again." This is the best way I can sum up what is percolating on the beautiful country of Malawi. Remember Africa of 1980s and 90s, when International Monetary Fund (IMF) inundated many cash strapped countries with austerity measures before granting credit lines to them; this is exactly what Malawi is experiencing at the moment.
For those who do not know anything about Malawi. It is a landlocked country in southeast...
“Until the lions have their own historians, the history of the hunt will always glorify the hunter.” – Chinua Achebe
Chinua Achebe was a revolutionary genius with a descriptive warrior pen. He was ebulliently meticulous; a man of great wisdom and humility, with a rancor-free personality. But his literary approach and expression spearheaded by his novel Things Fall Apart was anything but radical and revolutionary. It was an indeed a velvet...
Dr. Nnamdi Azikiwe, the first Nigerian President used to say: “No condition is permanent.” In past decade or more, Africa with all her short comings, vulnerabilities and sufferings appeared to be in a perpetual condition of hopelessness. The disease, political unrest and poverty were making permanent residents in Africa. With these deplorable situations, Africa became a testing ground for all abstract theories and hypothesis.
The Western...
Commentary and Analysis
The recent statistics coming from the country’s National Bureau of Statistics (NBS) recorded an inflation rate of 9 percent in January of the first quarter 2013. The drop from 12 percent inflation rate of December 2012 to the new low at 9 percent is a breakthrough for Central Bank of Nigeria (CBN).
According to NBS, “The relative moderation of the Headline index from 12.0 in December to 9.0 in January could...
It is all over the news that G-8 leadership gathering in Northern Ireland in June will discuss the issue of corruption in the management of Nigeria's oil wealth. The problem of corruption in Nigeria and indeed Africa is an old and tiring story not because it has lost its importance but for the fact that the level of hypocrisy associated with it, is overwhelming.
Many a times we have heard the war cry and proposals to defeat corruption particularly...