Cameroon To Boost Private Sector, Aims For 6 Pct GDP Growth In 2014

YAOUNDE (Reuters) – Cameroon has adopted a plan to galvanise its struggling private sector in an effort to raise the economic growth rate to 6 percent this year, the Central African nation’s economy minister said. Cameroon is an oil producer in the Gulf of Guinea and the world’s fifth largest cocoa producer. Its economy is one of the region’s largest but … Read more

22 Reported Killed In Clashes Over CAR Town

By Crispin Dembassa-Kette BANGUI (Reuters) – At least 22 people, mainly civilians, were killed in clashes between mainly Muslim rebels and Christian militia in the Central African Republic earlier this week, the local Red Cross said on Wednesday. The clashes took place on Monday in Grimari, about 300 km (190 miles) northeast of Bangui, and coincide with a push into the interior by French and African forces … Read more

Abuja bomb blast kills at least 35 Nigerians, more feared dead

By Isaac Abrak and Camillus Eboh ABUJA (Reuters) – A bomb at a crowded bus station on the outskirts of Abuja killed at least 35 people during rush hour on Monday morning, witnesses said, the first such attack near the Nigerian capital for two years. Body parts and blood were strewn across the station and an unruly crowd … Read more

SA drops to Africa’s #2, Nigeria’s rebasing puts its GDP 34% bigger at $500bn

It’s been rumoured for a while, but now South Africa’s under-performing economy has been given its coldest possible shower with news that not only has Nigeria’s GDP surpassed SA’s, but there’s daylight between the two. Nigeria’s rebased GDP is a touch above $500bn, a full one third bigger than SA’s $370bn. With Nigeria’s GDP growing … Read more