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Mar 10, 2010 Africa: Remittances Update
A 2009 report from the International Fund for Agricultural
Development (IFAD) notes that some 30 million African workers
outside their countries send home approximately $40 billion a year
in remittances. But with only as many "payout" locations on the
continent as in one Latin American country (Mexico), the process is
expensive and dominated by two large money transfer companies which
work primarily with banks. There are large untapped opportunities
for lower costs, particularly for rural Africans, if more
governments allowed and fostered the participation of post offices
and micro-finance institutions in remittance transfers.
Mar 5, 2010 Nigeria: New Human Development Report
"Between 1985 and 2004, inequality in Nigeria worsened from 0.43 to
0.49, placing the country among those with the highest inequality
levels in the world. Many studies have shown that despite its vast
resources, Nigeria ranks among the most unequal countries in the
world. The poverty problem in the country is partly a feature of
high inequality which manifests in highly unequal income
distribution and differential access to basic infrastructure,
education, training and job opportunities." - UNDP Human
Development Report, 2008-2009
Mar 5, 2010 Nigeria: Reforming Shell?
At last month's Oil & Gas Conference in Nigeria, outgoing Regional
Executive Vice President, Shell Exploration and Production, Africa,
Ann Pickard, forecast declining willingness to invest in Nigeria
should Nigerian legislators insist on passing a new Petroleum
Industry Bill intended to reform the industry and insure a higher
proportion of revenue for Nigeria. Her statement was widely taken
as a threat.
Feb 28, 2010 Africa: Education for All?
"Many more girls are in school and enrolment rates are on the rise,
due to higher-quality aid and to political commitment in developing
countries. However, these achievements could be derailed by the
global economic crisis ... With 72 million children still out of
school, the world's poorest countries urgently need a global
financing initiative that can deliver the resources to scale up to
Education For All." - Oxfam
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