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[NEWS] AFRICAN ECONOMY

Africa Agriculture Needs Institutional Interventions

Corporate leaders of Standard Bank Africa have stated that about 40 percent of the world’s reserve agricultural land is in Africa and therefore needs innovative modules and the expertise of organisations to turn it into a tool to alleviate poverty and bring about food security and sustai.....[more]

Economic Growth Takes Centre Stage


Policymakers manage to restore macro-economic stability in Ghana. Now returning GDP growth to trend is everybody’s concern.  
 

.....[more]

BRICs Emergence: Lessons For Africa


Africa has spent the past few decades battling to reverse its marginalised position in global trade and investment.

.....[more]

West Africa Could See Record Main Cocoa Crop


Early signs show the world's largest cocoa producing region, West Africa, could produce a record 2010/11 main crop, following several years of disappointing output, Gerry Manley, managing director of cocoa at Olam International, said last week.

.....[more]

End Of Low African Food Prices To Boost Inflation

 A long run of easing food prices in Africa helped by bumper harvests is ending, suggesting the continent's central banks may have to think about lifting interest rates by the end of the year to stave off inflation.

.....[more]

West Africa Beckons As Gold Price Hold Shine

Junior gold miners with assets in West Africa are becoming more alluring acquisition targets for their larger rivals as near-record high bullion prices fire up a race within the industry to expand.
 

.....[more]

Poverty Alleviation Must Reduce In Africa


Ghanaians in general have called on the governments to stem on the high level of poverty in their countries.  They express that belief that if that governments can improve on existing basic infrastructures in the countries, the high poverty level can be minimized to make life mor.....[more]

African Undersea Cable Glut May Spell Price War For Operators


After a decade of too little Internet capacity, telecommunications companies in Africa including Vodafone Group Plc and MTN Group Ltd. may face a different problem: too much.

.....[more]

Africa’s Resilience Attracting Attention

Although Africa’s medium- and long-term development challenges remain large and complex, the progress underway is remarkable and undeniable according to a new study from the World Bank’s Africa Region.

.....[more]

Over Half Of African Countries Likely To Fail To Meet 2015 Deadline

 According to new research from Balancing Act, over half of Africa's 52 countries are unlikely to make the 2015 deadline set by the ITU for the transition to digital broadcasting.

.....[more]

  Broadband And Economic Growth In Africa

  Samsung Committed To Africa

  ECOWAS Institutes US$61,500 Maiden Awards

  AGRA, Lundin For Africa And Injaro Boosts West Africa Seed Industry

  African Union Names Mo Ibrahim As Peace Ambassador

  African Leaders Appeal To Make Education For All A Lasting World Cup L

  Opportunity For West African Exporters In Organic Produce

  Uganda Says Investment Plans Down 23 Pct In '09/10

  Namibia Seeks Processing Of Minerals Before Export

  Zambia To Meet Rising Demand For Power From Mines

  West African Integration – Is It All Just Gas?

  African Gold Rush May Wane For Vodafone, Bharti

  Africa Prospects Lure Investors, But Is It Ready?

TREASURY BILL RATES
 Maturity 03 Sep, 10 

 Prime Rate

 91-Day Bill

12.68% 

 182-Day Bill

13.13% 

 1-Year Note

13.40% 

 2-Year Note

13.40% 

 Total Offered

 

COMMODITIES
 Commodity P. Price  C. Price 

 Brent Crude

74.42 

74.42 

 COCOA

3,234.00 

3,234.00 

 COFFEE

134.15 

134.15 

 GOLD

3,169.00 

1,233.44 

 GOLD

 

1,233.44 

2010 MACROECONOMIC TARGETS
 Item Target 

 GDP

6.5% 

 Average Inflation

10.5% 

 End Period Inflation

9.2% 

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