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Tag UNECA

CoDA: US $ 50 Billion Siphoned out Africa Illegally Every Year

Billions of dollars have left Africa in dubious circumstances from 2000 to 2008, with experts stating that the funds could be as high as US $ 50 billion every year during the period under review.

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African countries set to reform their mining sector

African ministers of mineral resources resolved, in a conference in Addis Ababa last December, to move into action to reform the sector to the benefit of the people.

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Egyptian wins Innovation Prize for Africa

ADDIS ABABA – An Egyptian engineer, Prof Mohamed Sanad has been selected as the overall winner of the Innovation Prize for Africa (IPA), bagging $ 100,000 in prize money for inventing the first small internal integrated micro strip antennas for mobile phones.

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Innovation prize set to reward African inventors

African innovators and inventors who design products with the potential to drive the continent’s economic transformation may benefit from a new awards scheme.

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Africa’s Growth On the Rebound

May26

Africa is slowly emerging from the global recession and should grow 4.5 percent this year and just over five percent in 2011, a report by the African Development Bank and the OECD forecast yesterday.

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Illicit financial flows “ruining African development”

Mar30

Leading African finance and development experts have called for strict monitoring and regulation of illicit financial flows into the continent. Illicit funds had a “devastating impact” on Africa’s development prospects, they hold.

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