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Can Genetically Modified Crops Save Africa?

Can Genetically Modified Crops Save Africa?

AFRICANGLOBE – Glimmers of enthusiasm for GM in Africa are emerging from the embers of suspicion. Ethiopian farmers are planting GM cotton seeds in preparation for the rainy season in June this year. The development comes after the Ethiopian parliament gave the green light for the importation of GMOs into the country.

Why Do Chinese Investors Want To Build A Dubai-Style City In Kenya?

AFRICANGLOBE – A coalition of 100 investors announced plans to build a “Chinese-controlled economic zone” populated by skyscrapers and luxury residences. Their new city will be in Kenya, but the goal is to “match the glamour of Dubai.” What would motivate investors to go to the trouble of building a massive new city in a country other than their own? It’s pretty simple, actually.

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Major South African Trade Union Throws Weight Behind EFF

AFRICANGLOBE – South Africa’s National Council of Trade Unions (Nactu) has resolved to support the PAC and EFF in this year’s general election, the trade union federation said yesterday.

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The World Bank’s New Shock Doctrine

AFRICANGLOBE – One of the problems with neoliberal economic policy is that it’s tough to get countries to agree to it; especially democratic ones. It has often required quite extreme measures, such as invasion – the classic example being the US-backed coup against Chile’s democratically elected president – or debt bondage and structural adjustment led by the International Monetary Fund.

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Total Going Ahead With $16 bln Angolan Kaombo Oil Project

AFRICANGLOBE – France’s Total said it had decided to go ahead with the Kaombo oil project offshore Angola after reducing its cost by $4 billion to $16 billion, an advance that could help Angola keep up oil output over the long run.

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Economic Growth Alone Can’t End Poverty – World Bank

AFRICANGLOBE – The World Bank has urged developing-world countries to fund social security programmes to lift the incomes of their poorest people, ending a reliance on growth to end poverty. In a report the bank said that while economic growth remains vital for reducing poverty, it has its limits.

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Africa Rising But Must Cut Poverty, Create Jobs

AFRICANGLOBE – African presidents and policy makers are pushing back against pessimism to tell the world their continent’s economic boom is real and sustained, but they say it must work harder to roll back poverty and create jobs for its restless youth.

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Integrating East Africa’s Markets

AFRICANGLOBE – Following the establishment of the Customs Union in 2005, and then the Common Market in 2010, on 30 November 2013 five East African countries reached the agreement on the Monetary Union Protocol, which is the next step in regionalising the economy.

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European Union To Invest $38bn In Africa

AFRICANGLOBE – The European Union (EU) says it will invest €28 billion ($38 billion) in Africa over a period of three years, as it plans to strengthen economic development and trade relations on the continent.

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