Hopes are running high for Liberia’s second presidential elections since the end of its brutal civil war. The first round of polling appears to be credible. And with former warlord and current senator Prince Johnson’s endorsement, President Ellen Johnson Sirleaf, Africa’s first female head of state, is likely to win the run-off in November in [...]
The world has seen impressive growth in areas like Internet use, particularly in developing countries, the UN Agency International Telecommunication Union (ITU) says. The 2011 ITU Summit, held in Geneva, from the 24 to 27 October 2011, brought together notable industry leaders and representatives from both public and private sectors at its annual meeting, and [...]
Rapid Growth Markets (RGMs) are expected to surpass advanced economies for growth by almost four fold this year, according to professional service firm Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF), released today. RGM’s are expected to grow jointly by 6.2% this year compared with 1.6% for the Eurozone. This new quarterly economic [...]
Presidential elections are due in the Democratic Republic of Congo (DRC) on 28 November, but fears are mounting that polls will not take place as planned. Last month the central African country witnessed bloody political protests and arson attacks in capital city Kinshasa, signifying a risk that the elections could propel the country into a [...]
After 42 years of one man’s rule, Libyans are now free from Colonel Gaddafi and his ‘jamahiriya’ regime. It is now expected that multi party democracy will fill the power void left by the leader Ronald Reagan dubbed ‘Mad Dog’, following his killing on October 20. The despot’s defeat came swiftly, following his discovery in [...]
The theft of public funds from developing African nations is an immense problem, but given the concealed nature of such practices is often very difficult to qualify. It is a problem which encompasses a number of financial arenas, including the acceptance of bribes, exploitation of tax payer’s funds, tax leakage, inflation of the value of [...]
Although Tullow Oil plc first arrived in Ghana in 2007, the company had been operating for 26 years, starting its first operations in Senegal. Earlier this year, Tullow celebrated its 25th anniversary. The company’s founder and Chief Executive, Aiden Heavey, had the idea, in the 1980s, of venturing into the oil and gas business when [...]
A new joint report by the International Finance Corporation (IFC) and the World Bank was released today, measuring business regulations in 183 worldwide economies. Doing Business in a More Transparent World 2012 is a sage look at economic global developments, and revealed that a number of countries across the African continent are emerging business environments. [...]
With an estimated population of 130 million, and a projected 30 million strong middle class, the East African Community is booming. The World Bank’s 2010 figures show per capita income figures rising: Kenya Leading with $780 (per annum), followed by Rwanda at $540, Uganda at $490, Tanzania at $530, Burundi at $160. Additionally multinationals are [...]
The two main parties – the National Democratic Congress (NDC) and the New Patriotic Party (NPP) – are already effectively campaigning ahead of next year’s elections. It may be many months before the campaign properly begins, but they are gearing up for the battle. Both have their candidates in place for the key fight for [...]
