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I (Somali shilling 100 = £0.14/$0.17/€0.16) i B The new president approves a six-month spending plan. b The Somali cabinet met in Mogadishu and approved a US$918m budget for the year 2022. If Somalia can complete the IMF programme, the outstanding debt would drop to $557m, or 6% of Somalia's GDP. On May 19th, the IMF and Somalia reached an agreement for the second and third reviews of Somalia's economic programme that would extend budget support until August 17th. [Extracted from the article]

B More testimonies of the merciless handling of migrants emerge. b Medical charity I Médecins Sans Frontières i ( B MSF b ) on June 1st denounced the "inhumane treatment" of West African migrants turned back from B Algeria b and B Libya b to neighbouring B Niger b as they try to reach Europe. I (© AFP 31/5, 5/6 2022) i B Fatalities climb p.23825C b IN BRIEF B Africa -EU: b The European Union (EU) will grant Euros 255m in support to B Benin b between now and 2024, according to the EU resident-representative, Ms Sylvia Hatleif, on the occasion of the commemoration of Europe Day. Landlocked Niger is on a key cross-Saharan route for African migrants trying to reach the Mediterranean via Algeria or Libya, and then on to Europe. [Extracted from the article]

The article report on the widespread floods in various African countries in August 2015. Nearly 20,000 people were affected by heavy rains and flooding in and around the capital Ouagadougou in Burkina Faso, with 3,700 rendered homeless. Five people were killed and hundreds were affected by flooding in northeast Mali. People living along the main rivers of Nigeria were warned of massive flooding as neighboring Cameroon announced plans to release water from a dam.

The article reports that Sudan has secured a 488 million U.S. dollars loan from China for the construction of a sugar factory in central Sudan that is expected to start production in 2018.

The article offers updates on the economic, financial and technical developments in Africa as of September 1, 2015. An international conference on Financing for Development was held in Addis Ababa, Ethiopia from July 13-16, 2015 which addressed issues such as ending poverty and tackling climate change. U.S. President Barack Obama visited Kenya and Ethiopia with a pledge to bolster trade ties. The Democratic Republic of Congo is relaxing rule for foreign investors.

The 2014 Annual Index supplement to Africa Research Bulletin Economic, Financial and Technical Series is presented.

This section offers Africa news briefs. Akinwumi A. Adesina, Nigerian Agriculture and Rural Development Minister, was elected 8th Bank President at the 50th Annual Meetings of the African Development Bank. Zimbabwe will officially take its Zimbabwean dollar starting on June 11, 2015 after it was rendered worthless due to hyper-inflation. Extremist groups in Libya has taken over much of Libya's radio, television and printed press infrastructure.

The article presents the publication "Africa Research Bulletin" (Volume 52 No. 4) from the publisher John Wiley and Sons Ltd. Topics discussed include the immigrant crisis observed in South Africa, the outcome of the visit of U.S. Secretary of State John Kerry in Kenya, the recovery plans established by international organizations for the African countries affected by the Ebola outbreak, and a review of the global commodities price indices by the World Bank.

The article presents the March 16-April 15, 2015 edition of "Africa Research Bulletin." The edition features reports on the investment deals and aid pledges received by Egypt at a foreign investor conference, the 18th African Union-Economic Commission for Africa Conference of Ministers, and the 18th Summit of Common Market for Eastern and Southern Africa Authority of Heads of State. A report on South African President Jacob Zuma's state visit to Algeria is presented.

The article presents the January 16-February 15, 2015 issue of the journal "Africa Research Bulletin." The journal's reports focus on Botswana's diversification away from diamonds as source of income, the 24th Summit of the African Union in Addis Ababa, Ethiopia, and the annual World Economic Forum meeting held in Davos, Switzerland. Reports on increasing bilateral trade between Nigeria and China and Turkish President Recep Tayyip Erdogan's African tour are also presented.

The article presents the December 16 to January 15, 2015 issue of the journal "Africa Research Bulletin." The journal's issue focuses on reports such as the 2015 national budget of Nigeria, the grant received by Ethiopia from the ClimDev-Africa Special Fund, and the series of loans awarded by the African Development Bank Group to Lake Chad Basin Countries Cameroon, Nigeria, and Niger. Also reported is the new oil refinery to be constructed in Angola in 2015.

A table of contents for the issue is presented.

The article discusses issues on the economic, financial and technical issues on Africa as of November 15, 2014. Topics include the mid-term budget statement of South Africa with slashed economic growth forecast due to insufficient revenue to cover spending, the 14th African Economic Conference (AEX) held in Ethiopia from November 1 to 3, 2014 which focused on research and innovation for the transformation of Africa, and regulatory reforms in Sub-Saharan Africa according to World Bank Group.

The article discusses the World Bank Group-International Monetary Fund (IMF) Annual Meetings that were held in Washington, D.C. from October 9-11, 2014. Topics discussed include climate change, lack of money for important infrastructure, and Ebola outbreak. In addition, it mentions insights from World Bank Group (WBG) president Jim Yong Kim.

The article presents the Volume 51, Number 9, September 16-October 15, 2014 issue of "Africa Research Bulletin."

The article offers an overview on the economic condition in Africa as of September 16 to October 15, 2014. Noted is that the economic growth in the Sub-Saharan region has remained strong and had accelerated to 5.8% but is threatened by the consequence if the Ebola outbreak could spread in the western area. Described is that the economic atmosphere in South Africa had been lacklustre due to low business confidence, tight electrical supply and affected by protracted strikes.

This section offers news briefs from Africa as of October 2014. A support package was announced by the government for power supplier Eskom. The intra-East African Community has grown following the implementation of the Customs Union treaty. An International Development Association (IDA) grant was signed by the World Bank Group and the African Union Commission (AUC) to support capacity development.

I (africabusinesscommunities.com 2/5) i B Egypt: b The Suez Canal Authority (SCA) announced on May 1st an all-time revenue record for April, earning US$629m following a series of toll hikes for vessels transiting the vital waterway. The maritime borders reopened in the summer of 2021, but connections between Tangiers and Spain's Algeciras and Tarifa ports had remained cut. B Cameroon: b The digitisation of the payment system at the entrance to the Autonomous Port of Douala (PAD) in Cameroon has quadrupled the revenues of this segment. [Extracted from the article]

Kenyans have decried the rising cost of living on account of the rising prices of key household commodities, an issue that has been widely discussed on social media platforms. The overall rate of inflation in January was 5.39%, down from 5.73% recorded in December 2021 with the prices of commodities in the categories of food and non-alcoholic beverages increasing by 8.89%. Another government worker who sought anonymity appealed to the government to look into their welfare in terms of salaries so that they cater for the high cost of living and will elect someone who understands their problem as Kenyans. [Extracted from the article]

The article focuses on the amount of money allocated for financing of various sector in Tanzania as of 2014 including transportation Infrastructure, agriculture, and education.

The article offers the developments on water projects in Africa which include one from Angola, Egypt and Djibouti.

The article offers the economic outlook for Cameroon. The country's growth rate, according to the seventh issue of the "Cameroon Economic Update." could stand at roughly 4.6% in 2013 due to the boost received from industrial agriculture. The private sector is also said to be the driving force behind strong growth and job creation.

The article reports on the increase in the revenue of the Nigerian film industry, popularly known as Nollywood, in 2013.

The article reports on opening of the first electric cross-border railway from Addis Abab, Ethiopia to the port of Djiboti, which was constructed with funding from EXIM Bank of China, presenting the view of Ethiopian Railways chief executive officer (CEO) Getachew Betru on the project.

The 2013 annual index for "Africa Research Bulletin" is presented.

The article offers news briefs related to petroleum and gas industry in Africa as of 2014. The World Bank Board of Executive Directors has approved financing for the development of rich oil and gas reserves in Ghana. British exploration firm Tullow Oil and its Canadian partner Africa Oil have discovered oil and natural gas deposits in Kenya. The government of Mozambique has approved the Natural Gas Master Plan to maximize the benefits from its natural resource.

The article presents the June 16-July 15, 2014 issue of the journal "Africa Research Bulletin,' which focuses on various political and economic issues related to African countries. Topics discussed include despite the negative impact of instability in neighboring countries the growth remaining strong in East African countries, the importance to security given by Kenya, and the plan of the government in Rwanda to spend 2.58 billion U.S. dollars to improve infrastructure and export promotion.

This section offers news briefs in Africa. A 0.6 percent fall was posted by the South African economy in first quarter 2014 according to Statistics South Africa. Guinea-Bissau will be receiving an 8.2 million U.S. dollars grant from the International Development Association (IDA) to help combat food insecurity and poverty and create jobs in the country. Sixteen energy projects in nine African countries worth 95 million Euros will be funded by the European Union.

The table of contents for the April 16-May 15, 2014 issue of "Africa Research Bulletin" is presented.

This publication presents reports on South African countries as of April 2014. Topics include the 2013 annual report presented by the Economic Community of West African States (ECOWAS) Commission President Kadré Desire Ouédraogo to the summit meeting in Yamoussoukro, Côte d'Ivoire, the annual discussion on common policies of member countries of the West African Economic and Monetary Union (UEMOA), and the appointment of Godwin Emefiele as central bank governor in Nigeria.

The article provides a preview of the "Africa Research Bulletin" which discusses various issues relating to the economic and financial industries in Africa, wherein the issues include the tragedy off Yemen, the oil dispute in Libya, and the platinum strike in South Africa.

The table of contents for the January 16-February 15, 2014 issue of the "Africa Research Bulletin" is presented.

This section offers news briefs related to economic and financial developments in Africa as of January 2014. A 6.1% economic growth is projected by Zimbabwe Finance Minister Patrick Chinamasa. Economic activity within the West African Economic and Monetary Union is anticipated to grow at 6.5% in 2013. Presidents of Kenya and Sri Lanka have signed agreements to strengthen economic ties.

A profile of the economic and financial status of African nations as of December 2013 is presented. The 2014 budget and financial statement of Ghana was presented by Minister for Finance Seth Terkper to Parliament which had been prepared with due consideration for the aspirations of the Ghanaians for a better Ghana that provides opportunities for all. The East African Community signed a protocol to establish a monetary union.

The article offers updates on the economic and political developments of various countries in Africa. It cites the launch of the anti-corruption website in Kenya and the pipeline shutdown in Nigeria. It also mentions the labour unrest in Libya's National Oil Corp. which exacts a toll on the country's economy and the tensions in the East African Community (EAC).

In 2002, when Rene was still in power, the UAE donated $50m to help the Seychelles - then facing an acute foreign currency shortage - to import food and other vital goods to replenish empty shelves. The former first lady of the Seychelles and several other high-profile figures were in court on January 21st over a $50m embezzlement scandal that has gripped the paradise island nation. On January 21st, the court ordered that Sarah Zarqhani Rene, widow of late president France Albert Rene who ruled from 1977 to 2004, remain in custody on charges of money laundering, along with another three co-accused. [Extracted from the article]

"A first phase will consist of strengthening the transmission capacities of the lines between the Congo power station in Pointe-Noire and the Inga hydroelectric power plant in the DRC via Congo", the protocol said. B Burkina Faso b : B Dutch b development bank B FMO b has announced that the financing and contracting for the construction and operation of four solar plants in Burkina Faso has been finalised. Zimbabwe's major power generation facilities are the 1,050MW Kariba South power station, a hydro-electricity plant and the 900MW rate Hwange Power Station, which is fired with coal. [Extracted from the article]

The article reports that the government of Somalia has voiced its concern over the decision of the international banking industry to tighten regulations on small Somali money-transfer companies.

The article reports that prices of consumer goods are projected to rise in Kenya after the Value Added Tax law came into implementation on September 3, 2013.

A country index for the October 2013 issue of "Africa Research Bulletin" is presented.

This section offers news briefs concerning African politics and economy as of September 2013. Thousands of refugees from the Democratic Republic of Congo arrived in Uganda due to a rebel attack. Libya entered into a trade agreement with Morocco. The Algerian government launched an initiative that would privatise a significant number of small and medium-sized publicly owned companies in the country.

The article offers news briefs in Africa as of August 1, 2013. Millions of Egyptians have staged protests in June and July demanding the resignation of President Mohamed Mursi, blaming him for the poor state of the economy. U.S. President Barack Obama has launched the Power Africa initiative to support clean energy power projects in Senegal, South Africa and Tanzania. South Africa will return assets and cashed stashed by former Libyan dictator Moummar Gaddafy in the country.

This section offers news briefs on Africa. Donors of Uganda and Rwanda decided to suspend financing key budget expenditure, which prompted East African nations to realize that it can no longer depend on foreign funding. A rebound of about four percent was seen by an International Monetary Fund (IMF) mission in the Republic of Congo's real gross domestic product (GDP) in 2012. The National Oil Corporation of Libya will be relocating to Benghazi.

This section offers news briefs on the 2013/2014 budgets of several East African countries. As the Kenyan government aims to claw back revenues lost in past years, Kenyans are expected to pay more taxes to finance key infrastructure and social projects, including the increase in value-added tax. The government of Rwanda plans to spend 1.6 trillion Rwandan francs in fiscal year 2013-2014, which includes continuing the second phase of the Economic Development and Poverty Eradication Strategy.

The March 16 to April 15, 2013 issue of the periodical "Africa Research Bulletin" is presented. The issue includes reports on the unemployment crisis in North Africa, the demonstrations against unemployment in Morocco, and the poverty rate in Tunisia. It also highlights a report from the African Development Bank, titled "Towards A New Economic Model for Tunisia: Identifying Tunisia's Binding Constraints to Broad-Based Growth."

This document presents updates on economies of African countries as of April 2013. South African Finance Minister Pravin Gordhan has predicted a slower rate of economic growth. A report on the West African economy was presented at the 42nd Economic Community of West African States (ECOWAS) Summit in Cote d'Ivore. The World Bank has approved a loan for Morocco to support the reform of its solid waste industry.

This section presents news on socio-economic developments in Africa as of February 15, 2013. Nigerian lawmaker Farouk Lawan was arrested and held without bail for allegedly soliciting bribe from Zenon Oil and Gas chief executive officer (CEO) Femi Otedola. The African Union held its 2013 summit in Addis Ababa, Ethiopia, with Mali one of the leading topics of discussion among delegates. China continues to expand its relationships with African countries including Angola and Nigeria.

This publication covers economic, financial and technical issues from Africa. Such issues include continental developments, policy and practice, industries, and communications and transport. The publication also covers China's growing share of South Africa's manufacturing import and export markets and foreign loans.

The article reports that Chinese President Hu Jintao is being pressured to use his commercial times with Juba and Khartoum in South Sudan to create constructive diplomacy.