Africa: Region's Tragedy - Rich in Resources but Stinking Poor

16 January 2012
analysis

At the beginning of this month, Reuters news agency predicted that Nigerian economic reforms and Kenyan general elections are some of the major events that will shake and shape the continent in 2012.

While court in Nairobi last week ruled that the polls should take place in March 2013 and not August 2012 as stipulated under the new constitution, in Nigeria, the prediction came to pass. Nigerians across the country took to the streets expressing anger over the removal of fuel subsidies that caused a more than double increase in fuel prices.

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