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Africa ‘Rising Above Aid’

While the government budget in countries such as Tanzania still depends on donors by around 30 per cent, an increasing number of African countries are beginning to step away from aid dependency, as the domestic private sector becomes the engine of growth across much of Africa.

African Airlines to Purchase Fuel Jointly

Nine African airlines have teamed up to purchase fuel jointly in an effort to benefit from better bargains through increased negotiating power. The new plan is a pilot project by the African Airlines Association which aims to reduce operational costs for its member airlines. It is estimated that fuel alone accounts for between 40 to 50 per cent of an airline's direct cost. Direct costs for regional airlines are at an average of 70 per cent of all expenses incurred.

American Travel Industry Adding Pressure Against UK APD

Through an open letter to chancellor of the United Kingdom, George Osborne, a coalition of over 30 American travel industry organisations has challenged the air passenger duty (APD) levelled by the British government on travellers to and from the UK as “excessively high and counterproductive” and urged it to abandon plans to raise the APD in 2012.

Africa's Economy: Good Boom, Bad Timing

Africa has picked a really bad time to launch its economic boom, says one finance minister resignedly. In Washington for the World Bank and International Monetary Fund annual meetings on 23-25 September, he had just heard the Bank's Chief Economist for Africa, Shantayanan Devarajan, talk about the continent's 'robust growth

Obama Tells Blacks to Stop Complaining and Fight

In a fiery summons to an important voting bloc, President Barack Obama told blacks yesterday to quit crying and complaining and "put on your marching shoes" to follow him into battle for jobs and opportunity.

In Somaliland, Less Money Has Brought More Democracy

As the humanitarian crisis in southern Somalia threatens millions of lives, Somalia's little-known northern neighbour, Somaliland, is doing so well that its government recently offered to send aid across the border.

Emerging Trend Towards Establishing Offshore Tax Havens in Africa

There is an emerging trend in Africa towards establishing our own offshore centres. One argument we hear is that it would modernise the African financial sector, and streamline the red tape in many countries

Soaring Global Gold Prices Boosts Tanzania Gold Mining Sector

Tanzania’s Mining Audit Agency has said that soaring global gold prices have helped gold miners in the country to break even and start paying corporate tax.

Washington DC's Black Population Now a Minority

Washington’s black population slipped below 50 percent this year, possibly in February, about 51 years after it gained a majority, according to an estimate by William Frey, the senior demographer at the Brookings Institution.

Economist Identifies Reasons for Growth of Zambia's Economy

The Government's economic policies of attracting new investment as well as enabling re-investment among existing companies are the reasons Zambia's economy is set to continue expanding, an economist has said.