AEO in the news

Africa grows but development goals are unmet. Economic growth in Africa will rebound with growth of 4.5% in 2010 and 5.2% in 2011, according to forecasts in a report published Monday.The African Economic Outlook 2010 report predicts the recovery will remain uneven, with southern Africa—the region hardest hit in 2009—recovering more slowly than the rest of the continent.

Continent drives a harder bargain. African policymakers are wary of becoming too dependent on or indebted to China, and see virtue in diversity, write William Wallis and Tom Burgis

Africa should eye tax hikes on resource firms-study. African states should consider renegotiating unfavourable contracts with multinationals to ensure they get a fair return on their natural resources, a joint OECD/African Development Bank study urged on Monday.

Afrique: la croissance devrait rebondir en 2010, à 4,5%. La croissance en Afrique devrait rebondir en 2010, à 4,5%, après avoir été "laminée" en 2009 par la crise mondiale, indiquent l'Organisation de coopération et de développement économiques (OCDE) et la Banque africaine de développement (BAD) dans un rapport publié lundi.

Afrique: la croissance devrait rebondir en 2010, à 4,5%. La croissance en Afrique devrait rebondir en 2010, à 4,5%, après avoir été "laminée" en 2009 par la crise mondiale, indiquent l'Organisation de coopération et de développement économiques (OCDE) et la Banque africaine de développement (BAD) dans un rapport publié lundi.

EA trading bloc seen boosting Kenya’s growth. The AfDB and OECD however warned that weather-related risks remained critical to the growth prospects of the country and urged for caution. “Risks to robust recovery in 2010 abound. Given the significance of agriculture to the GDP and employment, any delay in the long or short rains will have severe economic and social consequences,” the organisations said.

OECD countries pledge growth-friendly debt control. Countries in the Organisation for Ecomomic Co-operation and Development on Friday committed to cutting deficits without hurting growth in a closing statement at their annual ministers' meeting, in Paris.

Forum Économique International sur l'Afrique 2010. Le vendredi 11 juin 2010 se tenait, à Paris, une réunion organisée par l'OCDE (l'Organisation de Coopération et de Développement Economique).

EA's economy most promising on the continent. East Africa is poised for the highest growth on the continent at an average of 6 per cent in 2010/2011, according to the African Development Bank. Last week, AfDB noted in its 2010 edition of the African Economic Outlook (AEO) that average growth on the continent is expected to rebound to 4.5 per cent this year and 5.2 per cent next year, from 2.5 per cent in 2009.

Fighting the African Brain Drain. According to the International Organisation for Migration every single year 20,000 professionals leave the continent for jobs in the Western world. It's a trend that the United Nations believes is the one of the single greatest obstacles to Africa's development. But one engineer school in Burkina Faso is defying the trends.

Africa in growth mix in 2010. The African continent will see some of its economies rebound robustly while others shrink considerably in 2010, as the global economic crisis continues to take a toll, economists said on Wednesday. However, a handful of African economies are expected to grow, in spite of the ongoing global recession.