The African Cash Which Simply Disappears

A combined panel headed by former South African President Thabo Mbeki and run from the African Union as well as the United Nations released a report describing the strategies some businesses utilize to send cash from the continent illicitly. The losses are staggering not only in relation to dollars but development chances lost, Mr. Mbeki […]

Will Oil Bring Prosperity or Chaos to East Africa

Many in the oil industry are looking towards East Africa as the next great oil reserves.  There have been many discoveries over the last few years that seem to be commercially viable, including some in Uganda, Mozambique and Tanzania. Of course these countries have numerous problems, but if used responsibly the billions of dollars of […]

South Africa Narrowly Avoids Recession

It was close, but the latest South African economic results have delivered small growth which has meant the country is not quite dipping into recession. However the promises by the government of reinvigorating the economy seem to be fairly empty at this point. There is no doubt that the South African economy has struggled over […]

IBM Investing in African Technology Workers

We have often posted in these pages that technology is one of the biggest hopes for the development of the African continent.  There are challenges in this area –  the lack of decent infrastructure, the pace of urbanisation growth and other factors still hinder technology sectors. But there are many positive points and IBM have […]