General African News
Written by Avrez Okonkwo    Thursday, 09 September 2010 10:19    PDF Print E-mail
Can Africa Survive The Global Financial Crisis
Africa - General African News

 

This year’s Africa Competitiveness Report comes out amid the most significant financial crisis in generations. The analysis finds that some African countries—namely South Africa, Algeria, Nigeria, and Egypt—are well poised to bounce back from the crisis. This is because these large economies enjoy competitive banking systems and have functional regulatory systems, the consequence of financial-sector reforms adopted since the early 1990s.

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Written by Savanah Kamombe    Sunday, 05 September 2010 18:44    PDF Print E-mail
At Last Africa Joins The Space Age
Africa - General African News

 

The African Union  has approved setting up a feasibility study for the creation of an African Space Agency prompted debate. A summit of ministers agreed that the study would also draft a common space policy for the 53 member countries. Some commentators argue that a rival to NASA could provide jobs and spin-off technology. Others said the continent can ill-afford to pour scarce resources into stargazing when millions continue to face poverty, disease and food shortages.

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