AllAfrica News: Economy, Business and Finance Africa- Rss Feed Url - read online

Africa: World Trade Chief Optimistic Over Africa's Prospects
[This is Africa] The Director-General of the World Trade Organisation, Pascal Lamy, tells This is Africa why he is optimistic about Africa's trade prospects, especially in agriculture, and calls for a new approach to global trade deals after Doha.
Malawi: Bumpy Road to Economic Recovery
[IRIN] Blantyre - A sizeable devaluation of Malawi's currency, aimed at reinvigorating the economy and wooing back international donors, has triggered steep increases in the price of basic goods and pushed many Malawians deeper into poverty.
Africa: Jobs, Justice, and Equity
[AfricaFocus] "The extreme pessimism surrounding Africa a decade ago was unwarranted. So, too, is the current wave of blinkered optimism. Real gains have been made, but governments and their development partners need to reflect on the weaknesses, as well as the strengths ... Countries across Africa are becoming richer but whole sections of society are being left behind. ... The current pattern of trickle-down growth is leaving too many people in poverty, too many children hungry and too many young people without job
Malawi: Hopes to Heal Economy Through Devaluation
[IPS] Lilongwe - As Malawi's poor struggle to afford food and other staple items since the 48 percent devaluation of the local currency against the dollar, economic commentators are optimistic that the move will provide an opportunity to boost the country's export market.
Nigeria: Government Doctors Join Striking Colleagues in Lagos
[Vanguard] Ikeja - The face-off between the Lagos State Government and sacked 788 doctors, yesterday, took a dramatic turn, as doctors in federal hospitals in Lagos, said they will today embark on an indefinite solidarity strike.
Africa: Food Security Takes Centre Stage At G8 Summit
[IFAD] ROME, Italy, 9 May 2012 - When this year's G8 summit opens in the United States on 18 May, food security will take centre stage. It will be a historic moment for rural poor people, with the leaders of the world's largest economies confronting a challenge that IFAD and its partners have long faced: how to eradicate hunger and malnutrition using socially and environmentally sustainable means.
Africa: Scaling up the Fight Against Poverty and Hunger in Africa
[IFAD] Rome - By José Graziano da Silva, Director-General of Food and Agriculture Organization (FAO), Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD) and Ertharin Cousin, Executive Director of the World Food Programme (WFP)
Egypt: Presidential Elections - the Economy
[Chatham House] Egypt's economy has suffered short-term pain from the uncertainty over its political transition - but there's a chance for confidence to pick up after the presidential elections.
Zimbabwe: Govt to Tackle Inflated Interest Rates - Biti
[Zimbabwe Independent] GOVERNMENT will introduce a policy framework to reduce banks' inflated interest rates, currently hovering between 15% and 25%, Finance minister Tendai Biti has said.
Zimbabwe: Policy Failures Render Country a Basket Case
[Zimbabwe Independent] ZIMBABWE'S growing reliance on food imports, particularly from regional countries such as Zambia and Malawi, is testimony to the country's general regression over the years blamed on the government's policy failures by players within the agricultural sector, the mainstay of the economy.