GDP per capita: Africa’s one & important target

Some Africans in government of their nations attended the just concluded world economic forum in Davos, Switzerland; their message of Africa rising is strong and forms a major part of their campaign. Africa is tipped to be the next economic powerhouse after last decade surge of countries like China, Brazil and India. This could be true [...]

Angola: Publicly account for the US$32 billion unexplained discrepancy

H.E. Mr. Carlos Alberto Lopes, Minister of Finance, Luanda, República de Angola Re: Angola: Publicly account for the US$32 billion unexplained discrepancy Your Excellency, I am writing to you to urge you to publicly account for the US$32 billion unexplained discrepancy in Angola’s public funds that was reported by the International Monetary Fund (IMF). I [...]

Outlook for the Chinese Solar Industry in 2012

The Chinese solar industry will achieve unprecedented growth in 2012, adding more than 2.8 GW. The strong growth of Chinese solar in 2012 is due to both the 12th Five Year Plan for Renewable Energy Development (2011-2015) and their feed-in tariffs (FiTs). In February, China’s Ministry of Industry and Information Technology posted a plan that [...]

South Africa: Sound governance is vital for SOEs

Government is gearing up for massive infrastructure expansion designed to promote economic activity and create jobs and the pivotal role of state-owned enterprises (SOEs) in implementing the programme has come under the spotlight. “SOE compliance with codes of good governance is a fundamental aspect,” says Sandra Burmeister, CEO of the Landelahni Recruitment Group. “It is [...]

How to underdevelop a nation: IMF-EU prescription for Greece

There are signs not just in Greece and Portugal, but across Southern and Eastern Europe that popular uprisings may be inevitable in spring-to-summer 2012. Following the second bailout package of Greece, it now seems inevitable that Portugal too will need one as well. Portugal’s government has asked Germany for a second bailout, but the Merkel [...]

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