Latest articles from Africa

Homemade help is Africa’s best hope

August 1, 2005

While some believe the G8 summit in Scotland was a missed opportunity,James Eedes reports that solutions originating in Africa promise to have themost lasting and meaningful impact.

A testing time for reformists

July 4, 2005

Much is expected of Egypt’s financial sector reforms and now is the time for the government to deliver, writes Jon Marks in Cairo.

Microfinanciers overtake their commercial peers

July 4, 2005

In Africa, the poor are proving to be reliable, stable customers who make microfinance institutions twice as profitable as commercial operations, write Elizabeth Littlefield and Martin Holtmann.

£3bn ABSA deal to boost Barclays’ African profile

June 6, 2005

The UK’s Barclays is investing close to £3bn in South Africa to get control of that country’s biggest retail bank, Absa – the biggest foreign purchase ever by the British group. The deal has been approved by regulators and has the support of sufficient shareholders to be successful, after almost a year of behind-the-scenes talks.

Hopes for debt relief

June 6, 2005

The UK is charging hard on debt and there are signs that July’s summit of G8 leaders in Gleneagles might produce a deal on further relief for the world’s poorest countries, writes Paul Melly.

New trade map in the making

June 6, 2005

Regional integration and better cohesion with the world economy are desirable aims but the path towards them is long, hard and littered with a plethora of trade agreements, writes François Misser in Mali’s capital, Bamako.

Deadlock drama

June 6, 2005

The impasse in elections for the presidency of the African Development Bank has far-reaching implications, reports Patrick Smith.
It was the outcome nobody wanted: a deadlock in the elections for the new president of the African Development Bank (AfDB) after five rounds of voting on May 18 at the annual meetings in Abuja, Nigeria.

Tough reform efforts pay off

June 6, 2005

Sub-Saharan Africa remains dogged by problems but in many countries there are signs of a real upturn, marked by the emergence of domestic capital markets, write Jon Marks in Cape Town, Thalia Griffiths in Nairobi, Kevin Godier and Paul Melly.
No wonder Africa has been placed so high on the Gleneagles G8 agenda by a UK government anxious to show that its concern for a more just international order goes beyond military intervention in the Balkans, Africa and the Middle East.

Partnerships are key to Africa’s recovery

June 6, 2005

The New Partnership for Africa’s Development is a fine blueprint for progress and needs support from everyone, says Baroness Lynda Chalker.

Key steps to African economic union

May 2, 2005

Tito Mboweni details the South African Development Community’s little-known macroeconomic and monetary convergence programme.