After decades of stagnation, trade between Africa and the rest of world is finally booming. But it is the fast-growing BRICs (Brazil, India, Russia & China) who are the main drivers of this recent surge, rather than the more developed western nations writes Alistair Cotton, senior analyst at Currencies Direct
Economy
Ethiopian government signs multi-million dollar loan agreement
The government of Ethiopia has signed a US$251mn loan agreement with the African Development Bank (AfDB) to aid them with financing basic services in the country
Somali diaspora could prove to be vital to regional development, insists business leader
The international Somali diaspora could help stimulate the region through remittance finance, according to the CEO of one of
"Multinationals causing illegal money flow out of Africa" says Mbeki
Former South African President Thabo Mbeki said multinational corporations were responsible for much of the illegal flow of money out of Africa
SADC launches infrastructure master plan
The SADC Regional Infrastructure Development Master Plan (RIDMP) has been scheduled for launch at the 32nd summit of SADC Heads of State and Government in Maputo, Mozambique, taking place from 2-18 August