Global News Journal

from Africa News blog:

Hu reassures Africa?

February 10, 2009

If anyone in Africa was worried that the global financial crisis might dim China’s interest in the continent, President Hu Jintao will be visiting this week to give some reassurances - as well as possibly to temper any unrealistic hopes for the amount of assistance to be expected.

from Africa News blog:

Time to stop aid for Africa?

February 5, 2009

Far from being all bad news for Africa, the global financial crisis is a chance to break a dependence on development aid that has kept it in poverty, argues Zambian economist Dambisa Moyo, who has just published a new book “Dead Aid”.

from Global Investing:

What a web we’ve woven

January 13, 2009

Thanks are due to the World Economic Forum for clearly  explaining the interlinked web of misery currently facing the world.  Make what you will of the details in the graphic below -- and if you can, please do let us know! -- but the overall impact really does spell it all out.

from Africa News blog:

Selling Africa by the pound

January 13, 2009

The announcement by a U.S. investor that he has a deal to lease a swathe of South Sudan for farmland has again focused attention on foreigners trying to snap up African agricultural land.

from Africa News blog:

Forgiveness in paradise?

January 10, 2009

If you lived on an archipelago that defined paradise with palm-fringed white sand beaches and emerald green waters, you would expect a relaxed, lazy pace of life.

Asian Contagion Redux

November 24, 2008

    The Indonesian rupiah has lost more than a fifth of its value against the dollar so far this year and on Friday hit its weakest point since August 1998. Authorities swooped in to take over an
insolvent Bank Century, the first such takeover since the Asian financial crisis a decade ago.

from Africa News blog:

Should developing world have more say in crisis talks?

November 14, 2008

When world leaders meet in Washington to tackle the global financial crisis, Africa will be represented only by South Africa.

Nigeria: Will someone turn on the lights?

November 12, 2008

Returning to Nigeria for the first time in five years, nothing is more striking than the mobile phones ringing wherever you go.

What will be the shape of the world’s new financial order?

October 22, 2008

A man protests outside the New York Stock Exchange October 13, 2008. Governments around the world bet hundreds of billions of dollars to rescue failing banks on Monday, sending world stocks soaring and giving Wall Street its biggest one-day gain ever. REUTERS/Shannon Stapleton (UNITED STATES)The global financial crisis has produced broad agreement that the world needs a new financial architecture, but world leaders are a long way from reaching agreement on what shape it should take.

Leaders unite over financial crisis, but is it enough?

October 13, 2008

Italy’s Prime Minister Silvio Berlusconi (C) gestures as he arrives with Greece’s Prime Minister Costas Karamanlis (2nd L) to attend a meeting at the Elysee Palace in Paris October 12, 2008. France’s President Nicolas Sarkozy and leaders of euro zone countries hold an emergency meeting in Paris to agree on specific, pan-European measures to prop up the battered financial sector and halt market panic. REUTERS/Eric Feferberg/PoolEuropean leaders have finally got their act together. After weeks of looking divided over how to tackle the global financial crisis, they agreed on joint measures at  emergency talks in Paris.