News and Analysis

Wednesday, May 14, 2008

Policy Brief on 11th AU Summit

CCP-AU (policy brief) -- The 11th Summit of the African Union will be held in Sharm el Sheikh, Egypt under the theme of "Meeting the Millennium Development Goals on Water and Sanitation’’. This summit will be the first to be organized by the new leadership of the AU Commission with the new Chairperson H.E. Jean Ping who took over the Commission on the 28 April. The first important dossier of this new team is to manage the discussion on the outcome of the Audit of the African Union that strongly recommended the strengthening of the commission.

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Challenges to EAC Monetary Union

Edris Kisambira (East African Business Week) -- The Monetary Affairs Committee (MAC) of the East African Community (EAC) has said high interest rate spreads and budget deficits continue to be major challenges facing all the five central banks.

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Economic Growth Predicted

(Agencia de Informacao de Mocambique) -- Strong growth in Africa's gross domestic product is expected to continue in 2008 and 2009, according to Louis Kasekende, the chief economist at the African Development Bank (ADB).

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Tuesday, May 13, 2008

Benefiting from Rising World Prices

Jose Graziano Da Silva (The EastAfrican) -- The deterioration of terms of trade is one of the historic factors behind underdevelopment, which should be understood not as a stage of development but rather a specific and distorted form in which peripheral economies are inserted into the world capitalist system.

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