EMerging Equity
Guinea
Sierra Leone: 30 Percent Of Ebola Aid Funds Vanished
The auditor of Sierra Leone noted that the country can’t explain how 30 percent of Ebola funds were spent and there is no documentation to support $3.3 million of contracts. The amount does not include grants or loans from international organizations Bloomberg said. “Monies that have been set aside for the purpose of combating the Ebola outbreak … Continue reading
China’s Road To Growth In Africa
By Lauren Johnston China, like much of the developed world, faces slower growth and an ageing population. Africa in contrast offers the potential of ‘catch up’ growth and a growing young pool of low-cost labour, alongside plentiful natural resources. The economic prospects of both are increasingly intertwined. The path of China’s trade and investment ties with … Continue reading
Ebola In Africa: IMF Grants $100 Million To Guinea, Liberia And Sierra Leone
The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total. The IMF additionally offered the nations $160 million in zero-interest loans. “Those three countries are going through a very, very dramatic ordeal that combines pandemics, the risk of isolation” told Christine Lagarde, IMF Managing Director. The … Continue reading
West Africa: The Approbation Of A New World Order – OpEd
By Alexander Mezyaev The number of conflicts in Africa continues to grow, with more and more new countries getting drawn into them. The situation in West Africa is particularly grave; this part of the continent is being threatened with total destabilization. The armed conflict in Mali is still going on, where, at the start of 2015, … Continue reading
Low Oil Prices Could Shake Up Africa’s Petro States
By Jill Shankleman One in five African states produce hydrocarbons, and most of these are heavily dependent on oil and gas revenues to finance their governments and generate foreign exchange. Further, an emerging group of East African states are waiting on international oil companies to develop new oil and gas reserves. But Africa’s record using … Continue reading
IMF Reduced Its Growth Projections for West Africa Due to Ebola Outbreak
The 2014 outbreak in West Africa is definitely the largest and most complex Ebola outbreak since the discovery of the virus in 1976. There have been more cases and deaths in this outbreak than all others combined. Ebola, also known as Ebola hemorrhagic fever or Ebola viral disease, is a rare and deadly illness caused by … Continue reading
