February 22nd, 2010

When is a coup a good coup?

Weeks after the African Union boldly announced the end of an era of coups on its continent, Niger’s military staged a spectacular overthrow.

Heavily armed in armoured vehicles soldiers blasted their way into the presidential palace, arrested the President Mamadou Tandja and dissolved every democratic institution in the uranium-exporting nation.

Niger’s new military rulers, the Supreme Council for the Restoration of Democracy (SCRD), faced the standard flurry of strongly-worded statements from Western nations and regional bodies that condemned people taking power through unconstitutional means.

Reuters: http://blogs.reuters.com/africanews/2010/02/20/when-is-a-coup-a-good-coup/

Africa's GDP growth could reach 7 pct in 2011: AfDB

CAPE TOWN (Reuters) - Africa's real gross domestic product growth could reach about 7 percent in 2011 from a forecast of about 5.5 percent growth for 2010, the president of the African Development Bank (AfDB) said on Sunday.

"When we look at this year 2010, I totally concur with the numbers from the International Monetary Fund... (of) around 5.5 percent of real GDP growth and going into 2011, perhaps 1.5 percent more," AfDB president Donald Kaberuka said.

Kaberuka was speaking at the AfDB's Committee of 10 (C10) meeting. The C10, consisting of African finance ministers and central bank governors, was formed to develop an African response to the global financial crisis after a meeting in November 2008.
He told journalists separately that 7 percent growth was the least that Africa needed.

For a full report read Reuters: http://af.reuters.com/article/topNews/idAFJOE61L04O20100222