Ernest Bai Koroma
“I would really like to see Sierra Leone as a country that has laid a solid basis for effective and sustainable transformation... I want to be remembered as the president that has laid this basis for a new Sierra Leone”
The Seoul summit of the G20 has ended without any appreciable resolution of the so-called “currency wars”, and its failure to create a meaningful development agenda undermines the evolution of the grouping as a successor to the G8
Dfid means business
The UK’s development agency, Dfid, is to reorient itself to be better able to promote private sector development in low-income countries, and will drastically reform its investment arm, CDC Group
The rise of formal retail
Growing levels of urbanisation and an expanding middle class in many African economies hint at the massive potential for formal retail. However the difficulties associated with doing business on the continent may still deter leading groups
US oil rules favour frontier investors
The regulatory response to the Deepwater Horizon disaster has not been as strict as many feared. However, international oil companies may be pushed towards frontier opportunities
Manoranjan Mohapatra, Chief Executive, Comviva
“Once small application vendors get encouraged to take the plunge, they will then demand more local content – and the ecosystem will emerge and develop. To put it differently, if you build highways, people will buy cars”
A bad deal?
The proposed privatisation of Nigeria’s former telecommunications monopoly may have little to offer for investors
QE2 pushes gold higher
Bullion has been bolstered by a second round of US quantitative easing and a beleaguered dollar, continuing its rally of 27 percent this year
Bond markets provide a competetive source of funding for sub-Saharan Africa’s infrastructure needs, but fears over political instability and fluctuating commodity prices are concerns for potential investors
In Africa, the eagle and the dragon face off
Africans’ perceptions that Americans are too numerous are far less widespread. It’s highest in Djibouti as 51 percent of residents said there are “too many” Americans in their country and lowest in Benin (7 percent) and Zimbabwe (3 percent). However, relatively significant proportions of Angolans (37 percent), Sierra Leonans (30 percent) and Liberians (29 percent), among others, told Gallup there are “too many” Americans in their countries.
The G20 and Africa: Unfinished Business
The lack of concrete steps to deal with global imbalances was the main news from the G20 summit held in Seoul. However the summit also included four innovations with the potential to contribute to sub-Saharan African trade and growth.
Putting aid under the microscope
In October, the Brookings Institution and the Center for Global Development released their first Quality of Official Development Assistance assessment, based on 30 quantitative indicators. During times when many advanced countries are struggling with their own debt and fiscal problems, and are pressured to cut their aid budgets, Quoda is designed to help donor agencies and partner governments determine how aid dollars can be more smartly spent, and to provide a tool for civil society advocates to push for better, not just more, aid.
Hans Rosling, Chairman of the Gapminder Foundation
With his tendency to resort to drawing diagrams with every explanation, Hans Rosling, professor of international health at the Karolinska Institutet in Sweden and the chairman of the Gapminder Foundation, appears to think through every challenge visually.
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“There is a regional consensus that the crisis cannot be allowed to affect regional development”
“Africa probably has more resources than any place you can imagine”
“There can never be soft touch regulation. But it has to be regulation that is not arbitrary. The direction needs to be clear”
“Africa has lots of potential – raw materials and young people – but it needs FDI”