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Africa Needs $93 Billion to Improve InfrastructureA new report from the World Bank and African partners, Africa's Infrastructure: A Time for Transformation, highlights the findings of a 24-country study and urges increased investment in four critical areas: energy, transport, water, and information and communications technology.For more on the report, visit http://go.worldbank.org/NGTDDHDDB0
Given its massive development deficits and the effects of the global economic crisis, many observers, included me, are calling for increased aid to Africa. Most of these appeals are based on Africa’s need for more resources. But there is a different argument. Aid to Africa is today as productive
LONDON (Reuters) - An outbreak of swine flu dampened tentative hopes for the global economy, sending markets lower on Monday and analysts fear a possible pandemic could force countries further into recession.The virus, a new strain of swine flu, has killed 103 people in Mexico and spread to the United
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Lusaka, April 4, 2009 — World Bank Vice President for Africa Obiageli Ezekwesili has challenged countries in Africa to use the global economic downturn as an opportunity to rapidly transform their economies through diversifying sources of growth, reforming policies, and strengthening governance.Speaking at a national Indaba on the impact of
IMF chief Dominique Strauss-Kahn admitted that the Fund's policy advice had not always been right, and promised more streamlined lending practices as economic crisis forces more countries to seek help.Addressing students at the University of Dar es Salaam, the International Monetary Fund`s managing director said sub-Saharan Africa would be more
2009-02-15 12:13:12By Joyce KisakaChinese President Hu Jintao arrived in Dar es Salaam last night, for a four-day official visit, leading a 140-strong delegation.The Minister for Foreign Affairs and International Co-operation, Bernard Membe, told journalists in the city yesterday that the visit is aimed at consolidating relations between two countries, which
THE new state-of-the-art stadium in Dar es Salaam is expected to be officially launched on February 15, the 'Daily News' has learnt. Impeccable sources say that Chinese President Hu Jintao is expected to grace the opening of the imposing facility during his forthcoming visit to Tanzania. A source told the
Chinese President Hu Jintao launches a whistlestop tour of Saudi Arabia and Africa Tuesday in a trip expected to focus more on shoring up political ties and less on securing energy supplies. Hu's one-week trip takes him to Saudi Arabia, China's biggest source of oil imports, but the four
IMF Managing Director Dominque Strauss-Kahn discusses on the upcoming conference with a group of African ambassadors and diplomatic representatives at IMF Headquarters in Washington,last week. The conference,to be held on March 10 and 11, in Dar es Salaam,will focus on the continent's recent economic successes and on the impact of
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