AfDB 2010

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  • OIL: Precious bane

    Ghana and Uganda are the latest African nations to strike oil. Yet both are struggling with how best to use it to their advantage

  • Standard Bank targets Nigeria

    Standard Bank has a $1.35 billion war chest for international acquisitions that will initially target commercial and retail banks in Nigeria, its deputy CEO Ben Kruger said on Thursday

  • Sierra Leone pins hopes on oil bonanza

    Sierra Leone pins hopes on oil bonanza

    Sierra Leone is confident that it, like Ghana, will strike oil offshore, and is already building technical capacity in anticipation, its energy minister Ogunlade Davidson told Emerging Markets

  • Zambia looks to debt markets

    Zambia looks to debt markets

    Zambia’s drive to acquire an international credit rating will encourage the government and mining companies to issue international bonds, the country’s central bank governor has said

  • Tools demanded for Africa climate drive

    Tools demanded for Africa climate drive

    New agricultural technologies, rather than money or food aid, are the key to saving millions from starvation as the African climate grows warmer, an expert commented on Thursday

  • Rifts deepen over Sino-African ties

    Rifts deepen over Sino-African ties

    Calls are growing for a rebalancing of Sino-African ties amid mounting fears Africa’s failure to deepen its commercial leverage with the Asian giant will blight the continent’s economic destiny

  • COTE D’IVOIRE ELECTIONS: Ballot box blues

    COTE D’IVOIRE ELECTIONS: Ballot box blues

    Five years on, Ivorians are still waiting for a chance to go to the polls

  • AFRICAN INVESTMENT: For whom the bell tolls

    Africa’s biggest selling point remains its unrealized potential. But capital inflows are likely to remain weighed down by the region’s still weak and illiquid capital markets

  • Africa urged to take fiscal action over eurozone crisis

    Africa urged to take fiscal action over eurozone crisis

    African policy-makers should be gearing towards pre-emptive tightening of fiscal policy to safeguard against the eurozone fallout, economists have urged

  • AfDB poised for Abidjan return

    African Development Bank shareholders are keen to see the bank return to its headquarters in Abidjan, and the management intends to do so, its president, Donald Kaberuka, has said

  • AfDB expands project finance role

    AfDB expands project finance role

    The African Development Bank is to start arranging project finance jointly with commercial banks, and selling maturing debt in its portfolio, as it battles to bridge a vast gap between Africa’s infrastructure needs and lenders’ weak appetites

  • DEMOCRATIC REPUBLIC OF CONGO: Against all hope

    DEMOCRATIC REPUBLIC OF CONGO: Against all hope

    As the Democratic Republic of Congo gears up to celebrate 50 years of independence, the government hopes debt cancellation will spur an economic renaissance. But only substantial foreign investment is likely to reverse the nation’s fortunes – and firms are still keeping their distance

  • COTE D’IVOIRE: Power to the people

    COTE D’IVOIRE: Power to the people

    A political stand-off in the Ivory Coast remains a major drag on one of West Africa’s most promising economies

  • Angola earmarks bond income for budget support

    Angola will decide in July whether to issue a global bond, the proceeds of which would be used to reduce its deficit rather than to finance infrastructure, its debt management chief has said

  • Global turmoil casts shadow over African recovery

    Global turmoil casts shadow over African recovery

    Fears of financial meltdown in Europe returned with a vengeance on Tuesday, triggering a sharp surge in global risk aversion while raising the spectre of a global economic downturn which would undermine Africa’s tentative recovery

  • NIGERIA’S ENERGY POLITICS: Reversal of fortune

    NIGERIA’S ENERGY POLITICS: Reversal of fortune

    Africa’s most populous country is looking to reposition its oil industry after years of stagnation. A $23 billion deal with China might just help

  • Nigeria shifts reserves out of southern European bonds

    Nigeria shifts reserves out of southern European bonds

    Nigeria is diversifying its euro holdings away from southern European government debt into French and German government bonds, amid mounting fears over the currency’s slide

  • NIGERIA: Second time lucky?

    A bitter power struggle within Nigeria’s ruling party ahead of next April’s elections could imperil much needed economic and political reforms

  • Euro crisis threatens AfDB fund boost

    Euro crisis threatens AfDB fund boost

    The African Development Bank wants to boost the fund it uses to tackle poverty by about $4 billion this year, but the euro crisis could make that tough, its president Donald Kaberuka said in an interview

  • Niger food crisis ‘worse than 2005’, UN warns

    Niger’s food crisis is potentially more serious than the 2005 famine, international agencies warned this week – while agriculture experts called for a focus on raising small farmers’ productivity

  • FINANCING DEVELOPMENT: A promise broken

    FINANCING DEVELOPMENT: A promise broken

    The West will break its aid pledges to Africa this year because of a lack of political will, and not as a direct result of financial crisis. As rich country governments take an axe to their budgets in coming years, the future of the Millennium Development Goals has never looked so bleak

  • Investment fears weigh on African recovery

    Investment fears weigh on African recovery

    A wave of energy shortages across Africa – which reached a peak this year – has brought into sharp relief the lack of investment in infrastructure which threatens to slam the brakes on the region’s economic development, senior officials have warned

  • Concern voiced over Ghana oil income

    Concerns are being raised about how Ghana will manage its oil revenues as the Jubilee field, its first major offshore deposit, prepares to start producing and exporting in the fourth quarter of this year

  • Industry sage slams ‘ignorant’ western banks

    Industry sage slams ‘ignorant’ western banks

    Billionaire business guru Mo Ibrahim has blasted “ignorant” western bankers for failing to shore up their African operations, amid fears that global banks’ capital constraints will derail the continent’s quest for external finance

  • Deepwater focus ‘may shift to west Africa’

    Deepwater focus ‘may shift to west Africa’

    The tougher US regulation that is sure to follow the Deepwater Horizon oil spill in the Gulf of Mexico could divert some attention to west Africa offshore oil regions, some industry observers believe

  • Nigeria ‘bad bank’ plan poised for launch

    Nigeria ‘bad bank’ plan poised for launch

    Nigeria’s proposed ‘bad bank’ to buy back toxic assets from troubled lenders is expected to start operating in two weeks, central bank governor Lamido Sanusi told Emerging Markets

  • SOUTH AFRICA: First among equals

    SOUTH AFRICA: First among equals

    South Africa’s liberal economic policies are increasingly being called into question in the wake of recession and amid rising inequality. The path the nation chooses will have a profound impact on its economic development

  • POLITICAL ECONOMY: Out of the shadows

    POLITICAL ECONOMY: Out of the shadows

    As African political leaders take stock of the fallout from the financial crisis, they must not forget that the aid and investment the continent so desperately needs can be found at home, says Free Africa Foundation president George Ayittey

  • ZIMBABWE: It takes two

    A political solution is the only way of stemming Zimbabwe’s crisis after a decade of economic freefall. Without it, the fragile recovery now underway will prove short-lived, argues University of Zimbabwe economist Tony Hawkins

  • Warning issued on Ivorian elections

    Warning issued on Ivorian elections

    Ivory Coast’s president Laurent Gbagbo was urged Wednesday to set a date for elections in order to ensure that an IMF debt relief programme goes ahead without delay

  • Market pressures to dampen sovereign bond issuance

    Budding African sovereign bond issuers are poised to tap international capital markets this year, but global market volatility and high risk premia will moderate the pace of new issuance, bankers and issuers have said

  • CHINA IN AFRICA: Give and take

    CHINA IN AFRICA: Give and take

    China’s influence in Africa is growing at an unprecedented rate. Amid the criticism of Beijing’s pursuit of natural resources lies an opportunity for African states to turn a one-sided relationship to their advantage

  • Doubts raised on market rebound

    Global markets surged for a second day yesterday following a bout of turmoil not seen since the dark days of the global financial crisis. But leading economists warned that the global recovery remained on thin ice

  • Graft fears blight business outlook

    Efforts to make African governments accountable have suffered setbacks, due to pressures generated by the global volatile economic environment, experts and activists warned in Abidjan this week

  • AfDB set to double lending

    AfDB set to double lending

    Outstanding African Development Bank loans and equity are set to double to $30.2 billion within five years, the institution’s president Donald Kaberuka said in Abidjan on Thursday

  • Cracks emerge in local bond fund plan

    Cracks emerge in local bond fund plan

    The African Development Bank’s bid to mobilize domestic savings by creating a regional bond fund will hit a wall unless it stumps up cash and provides a credit guarantee, monetary policy officials warned this week

  • ANGOLA: After the storm

    ANGOLA: After the storm

    Months after swallowing its pride and turning to the IMF for help, Angola – one of Africa’s biggest oil producers – is rebounding fast, not least thanks to energy prices and cheap Chinese credit

  • Agri investment key to blunting price shocks

    Agri investment key to blunting price shocks

    Africa is not safe from future price shocks unless investment in agriculture is stepped up, analysts said this week – although a repeat of the 2008 food crisis is unlikely

  • RenCap steps up Africa push

    RenCap steps up Africa push

    Renaissance Capital, Russia’s largest investment bank, will have banking operations in 21 African countries by the end of the year and will ramp up its balance sheet to the region over the next two years, its chief executive officer has told Emerging Markets

  • Africa pressed on integration push

    African countries must push forward regional integration efforts in order to strengthen domestic markets, stem the impact of the global economic crisis and forestall the possibility of a double dip recession, academics and economists have said

  • Remittance flows defy slump

    African migrant workers’ remittances have been surprisingly resilient in the face of the economic crisis, despite a small decline in growth figures, according to the African Development Bank

  • African finance chiefs lash out at market system

    The African state must play a larger role in the economy and seek to protect fledgling industries – or globalization will torpedo the continent’s huge development challenges, leading experts warned in Abidjan on Wednesday

  • AFRICAN EQUITY MARKETS: Liquid dreams

    Enthusiasts cite Africa’s growing economic potential while bears fear capital outflows. But the biggest constraints on Africa’s equity markets are poor market infrastructure and a lack of liquidity

  • INFRASTRUCTURE FINANCE: The famished road

    INFRASTRUCTURE FINANCE: The famished road

    African project finance is hitting the wall as western banks beat a retreat. Although, Chinese lenders are plunging into the region, the fate of infrastructure funding rests in the hands of the multilaterals

  • LIBYA: Revolution’s new look

    LIBYA: Revolution’s new look

  • Mugabe relents on debt relief plan

    Mugabe relents on debt relief plan

    Zimbabwe’s president Robert Mugabe has finally agreed to seek debt relief for his battered country under the Highly Indebted Poor Countries (HIPC) programme – after stubbornly denouncing its terms as humiliating

  • KENYA: Against the odds

    KENYA: Against the odds

    Kenya’s economy may be back on track, but concerns remain over political instability, governance and the strength of the global recovery

  • THE MAGHREB: All points north

    North Africa managed to escape the worst of the global financial crisis. But whether it will be spared the economic fallout of a prolonged European slump remains an open question

Commercial director of events: Daniel Elton

Telephone: +44 (0)20 7779 7305

 

Publisher, special projects: Ashley Hofmann

Telephone: +44 (0)20 7779 8740