
The ruling New Patriotic Party (NPP) seems uncertain what roles President Kufuor and Vice President Alhaji Aliu Mahama should play in the campaign strategy leading to the December elections.
The Conventions Peoples Party (CPP) would tomorrow decide the fate of their Member of Parliament for Elembelle, Mr. Freddy Blay at a crucial meeting.
The New Ghanaian Movement (NGM), a political think-tank, has condemned the politics of insult, intimidation and personality attacks that have crept into Election 2008 campaigning.
Ghana striker, Asamoah Gyan will be missing out of Rennes second leg of his side's UEFA Cup second qualifying round match.
The Minister of Finance and Economic Planning Kwadwo Baah Wiredu, has said that the Government of Ghana is committed to the development of the economy despite the set backs that the global food shortage and rising oil prices pose.
The death of a decent president, Zambia’s Levy Mwanawasa, raises questions about the state of leadership elsewhere in the continent
ON PAPER, Levy Mwanawasa should never have been president. He lacked charisma, wit or style—the sort of qualities that propel populists to high office in much of Africa. At rallies even his own supporters were fast bored by the former lawyer’s monotone drawl. His ill-health and slurred speech, the results of a car crash, led to nasty jibes about his mental capacity. When he narrowly won his first, disputed, presidential election in 2001, opponents dubbed him “the cabbage”, deriding him as a stooge for others more powerful.
But Mr Mwanawasa, who died this week in France after suffering in June the latest of several strokes, deserves to be remembered more fondly than the showmen who have beggared much of the continent. In the past seven years he made a serious effort to clean up Zambia’s pervasive corruption. At some political risk, he turned against his predecessor and one-time patron, the diminutive Frederick Chiluba, who was charged with 168 counts of theft. Mr Chiluba was convicted of graft in a civil court in London last year. It was a rare success: few African leaders have been held to such account. ...
Feeding its own people more cheaply
WHILE Saudi Arabia sets up its first sovereign wealth fund, ordinary Saudis are more preoccupied with the rising price of food. This is prompting the Saudi government to consider a new direction for foreign investment: buying farms in the poorer parts of the world.
Inflation in Saudi Arabia is running in double digits, its highest rate for three decades. Last December, 19 prominent Saudi clerics gave warning that inflation constituted a crisis that would lead to social unrest and crime. Since then, the poorest Saudis have got poorer, with prices going up across the board because of rapid monetary growth. Food and housing costs are rising fastest. ...
Doubts persist about Nigeria’s banks
THE bright logos of Nigeria’s financial institutions adorn the tallest and poshest office blocks in central Lagos, the country’s commercial capital, testimony to years of impressive growth in banking. But now, after a rocky year, there are worries that some of the optimism may have been overblown.
The reform of Nigeria’s creaking, corrupt banking system was one of the big achievements of President Olusegun Obasanjo in his second term in office (2003-07). As part of a policy to squeeze weak or failing banks out of business, in 2005 the Central Bank of Nigeria raised banks’ capital requirements. In a hectic round of consolidation, the number of banks dropped from 89 to 24. Those that remained have had a very good few years, with massive local expansion and sometimes triple-digit growth in their share prices. And with less than a fifth of Nigerians keeping their money in banks and with fast growth led by private companies, there still seems to be plenty of potential for more business. Banks surveyed by a Lagos-based stockbroker, Afrinvest, showed that median before-tax earnings had risen by 141% year-on-year by June. ...
Islamists linked to al-Qaeda may be reviving their campaign in the Maghreb
“THIS looks like Iraq, not Algeria,” declared a distraught witness to the carnage of a bombing that killed 43 police recruits in a town to the east of Algeria’s capital, Algiers, on August 19th. His words were apt. There has been a dramatic rise in attacks by Islamist extremists in the country during the past fortnight, with at least 79 people killed in various incidents across eastern Algeria, most of them in a spate of suicide bombings similar to those that have ravaged Iraq. The targets have been similar too, including police stations, a coast-guard outpost, and a bus transporting Algerian workers for a big Canadian company.
The attacks appear to be the work of Algeria’s main remaining Islamist guerrilla group, which in 2006, after contacts with al-Qaeda’s mother organisation, renamed itself al-Qaeda in the Islamic Maghreb (AQIM). Earlier this month it issued a chilling warning to Algeria’s pro-Western rulers: “We tell the sons of France, the slaves of America and their masters, too, that our finger is on the trigger, and the convoys of martyrs are longing to rampage your bastions in defence of our Islamic nation.” ...
Ellen Johnson-Sirleaf, halfway through her first term as president, is doing well
IN HER inaugural speech in January 2006, Africa’s first female head of state set out the daunting tasks facing Liberia, citing her determination to heal the awful wounds inflicted during the civil wars of 1989 to 2003 by her various appalling predecessors, including Charles Taylor, now on trial for war crimes at The Hague. Ellen Johnson-Sirleaf, a former World Banker, also promised to reduce Liberia’s dire poverty and to consolidate democracy. On the whole, she has made progress—albeit with a lot of help from friends abroad.
Liberia is more stable these days, thanks in part to a large force of UN peacekeepers, whose numbers are due to fall from 13,000 to just under 10,000 by the end of 2010. Security is gradually to be taken over by a revamped national police force and a new army, both being recruited and trained by an American firm, DynCorp, which is being paid by the United States. ...