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Africa Needs Support for Infrastructure
Xinhua, May 12, 2011
Africa’s largest trading bloc says the continent requires
about US$93bn annually to raise infrastructure endowment to a
reasonable level within the next decade. COMESA says that out
of the total amount required, two thirds are needed to be
spent on capital development, rehabilitation and the remainder
on maintenance.
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COMESA to liberalise service sector
The Swazi Observer,
May 06, 2011
COMESA is moving to liberalise the services sector. This would
see companies such as the Swaziland electricity company as
well as the Swaziland Posts and Telecommunications Corporation
improving efficiency in terms of service provision…Services
such as transport, telecommunications, financial, business and
energy were essential in the production processes.
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Economic Growth Improves in SSA
Reuters, May 04, 2011
Economic growth in sub-Saharan Africa has largely returned
to pre-financial crisis levels but monetary tightening has
failed to keep pace, with rising fuel and food prices a
growing threat. The International Monetary Fund reiterated its
forecast of 5.5 percent GDP growth for the region in 2011 and
5.9 percent in 2012.
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Drought Worsens East Africa hunger
News24, April 28, 2011
Drought has left more than eight million people in the Horn
of Africa short of food and water, and the number could rise
sharply if funding to help them is not increased. Thousands of
people have already fled their homes in search of water and
grass for their livestock.
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