South Africa has welcomed the announcement that Nigeria, Africa's most populous nation, is now the biggest economy in sub-Saharan Africa after it rebased its gross domestic product (GDP).

Wednesday, 24 March 2004 02:00

DRC to invite $270m infrastructure bids

The Democratic Republic of Congo will invite tenders worth $270-million in April, kicking off a massive donor-funded programme to rebuild its war-shattered infrastructure, officials said on Friday.

Friday, 31 October 2003 02:00

Power and road plans backed

The World Bank has endorsed key projects for the improvement of infrastructure in East Africa, including the construction of a power line between Nairobi and Arusha in Tanzania, and a road from Mombasa to Malaba in Uganda.

Evian, Switzerland - The first concrete results of the New Partnership for Africa's Development (Nepad) would soon be launched in the form of projects to connect electricity networks in west and north Africa, the Nepad secretariat told the Group of Eight (G8) industrialised nations at its annual summit here yesterday.

Saturday, 15 December 2001 14:01

Mozambique capable of rapid growth

'Despite the floods which struck some parts of the country in early 2000 and 2001, Mozambique should be capable of rapid growth over the next decade, as long as the reform process continues,' the Bank said.

Wednesday, 27 March 2002 02:00

Ghana touts for hi-tech development

Ghana is moving away from its dependence on minerals and farming, and opting instead for hi-tech development as data whizzes between the country once known as the Gold Coast and its partners in the US. 

Wednesday, 25 July 2001 22:06

World Bank upbeat over Mozambique

Maputo - A recent World Bank report giving an upbeat assessment of Mozambique's economic performance has created controversy here over its sharp contrast to statistics released by the government.

Thursday, 21 June 2001 03:01

SADC Performance

Too much of the economic debate is conducted in a statistical vacuum.

Sunday, 01 July 2001 03:01

African privatisation

Although the privatisation of State enterprises in sub Saharan Africa has been largely successful.

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