Ebola impact on African economy much less than previously feared

19 Nov

The impact of the Ebola epidemic on Africa’s economy is predicted to be much less that previously expected.

According to the World Bank’s chief economist for Africa, Francisco Ferreira, the cost is likely to be closer to US$3 billion – US$4 billion, rather than a worst case scenario of US$32 billion.

Ferreira told a lecture in Johannesburg that successful containment of Ebola in some West African countries made its gloomiest forecasts less likely, although economic damage could still

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Haiti: Protests calling for Martelly resignation intensify

19 Nov

An anti-government protest in Port-au-Prince, Haiti has become more intense following the shooting of three people.

The protesters were calling for the resignation of Haitian President Michel Martelly.

Martelly was supposed to call elections in 2011 for a majority of Senate seats, the entire Chamber of Deputies and local offices. But he has not done so because the Senate has yet to approve an electoral law authorizing the vote.

The Chamber of Deputies has approved the legislation,

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Tiger Woods returning to competitive golf at Hero World Challenge

18 Nov

Tiger Woods watches his shot off the 2nd tee during the first day of the British Open Golf championship, Thursday July 17, 2014. PHOTO/Peter Morrison/AP

This year’s Hero World Challenge – the premier PGA TOUR event hosted by the Tiger Woods Foundation – will tee-off at the Isleworth Golf & Country Club in Orlando, Florida from Dec. 4 to Dec. 7.

The world’s top 18 golfers, including 14-time major champion Woods, will participate in the tournament with a total prize purse of US$3.5

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Michel Kafando sworn in as transitional president of Burkina Faso

18 Nov

Michel Kafando has been sworn in as transitional president of Burkina Faso on Tuesday. He is now faced with the task of leading the West African country to elections in a year following the resignation of long serving Blaise Compaore following a wave of mass protests.

Kafando, a former foreign minister, will be barred from standing at the elections. He will name a prime minister on Wednesday and together they will appoint a 25-member government, according a transition timetable.

“Our

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Michel Kafando named as interim President of Burkina Faso

17 Nov

Michel Kafando

Authorities in Burkina Faso have named former foreign minister Michel Kafando as transitional president. Kafando will head the country until 2015. He was selected after several hours of negotiation.

Kafando, 72, served as the country’s ambassador to the United Nations from 1998 to 2011. Previously he was Burkina Faso’s foreign affairs minister between 1981 and 1982. Kafando was preferred to the other candidates, which included journalist Cherif Sy and sociologist and

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BRICS Bank and Africa

17 Nov

By Emmanuel Musaazi

When I heard about the formation of (Brazil, Russia, India, China and South Africa) BRICS bank with South Africa as one of the cofounders, I was intrigued and on deep reflection was not sure if this was a great idea.

At the risk of sounding like a pessimist I believe there is reason for cynicism when an African country joins an international economic grouping as the track record reveals that we have always ended up with the short end of the stick. From the

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Burkina Faso: Constitution restored, political transition accord signed, elections to be held in one years time

16 Nov

Lt. Col Isaac Zida (l) with opposition politicians after the signing of the charter that will set up a transitional administration in Burkina Faso. PHOTO/AFP

Burkina Faso officials signed a charter on Sunday intended to guide the country toward elections as various factions submitted nominations for an interim head of state to replace longtime President Blaise Compaore, who was forced to step down as a result of days of protests by tens of thousands of people last month.

The signing

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