Can Diaspora Bonds Boost Development

(Photo courtesy Business Daily)

Diaspora remittances are a key foreign exchange earner for Africa with U.S.$40 billion flowing from the west annually. Africa is financing infrastructure, education and health projects through diaspora bonds.

Topical Focus: Economy, Business and Finance

Nigeria Set to Increase Oil Refining Capacity

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President Goodluck Jonathan says his government is willing to award licences to investors interested in and capable of setting up refineries in the country. Read more »

Uganda: Ministry Budgets Cut to Pay for Power

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The government says it had no choice but to slash ministry and other departmental budgets in order to raise the money needed to subsidise thermal power generation. Read more »

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