Africa's middle class growing steadily, says bank

An African Development Bank report has shown due to 20 years of solid economic growth, Africa's middle class has tripled and poverty is on the wane.

EU banks refuse loans to firms doing business with Africa

Europe's debt crisis has led banks there to refuse to lend money to firms trading with Africa, threatening growth on the continent.

Deal soft on demand for democratic reform, say activists

Commentators are doubtful that SA's R2.4-billion loan to Swaziland will secure long-term economic stability or meaningful political reform to them.

African Bank: Nationalisation not a good idea

The turmoil in North Africa has hit growth across the continent but may be prompting important indirect political changes.

Swazi unions plan another showdown with government

Labour unions are planning a series of further strikes to voice their feelings about proposed wage cuts and to lobby the government to resign.

Eskom's green schemes energised by $365m loan

Eskom has been granted a $365-million loan by the African Development Bank for its wind and solar power projects.

Swaziland seeks cash to plug deficit

Cash-strapped Swaziland is on course for an African Development Bank loan worth $145-million to help plug its widening budget deficit.

Oil and food main risks to sub-Sahara Africa

There is little risk the political crisis in North Africa could spread to sub-Sahara Africa, but escalating oil and food prices are the main worry.

African Development Bank bullish on continent

Africa's main development bank says the continent is making a "spectacular" recovery from the global recession.

Cellphones 'a tool to cut food costs'

Can cellphones make grain cheaper for a poor consumer or mitigate the impact of a food crisis on a country? Yes, says research released on Monday.

China cooling to weigh on African exporters

The African Development Bank (AfDB) expects mineral exporting countries to suffer from China's slowdown, whose full effects may not yet be felt.

African incomes to drop for first time in 15 years

Per capita income in Africa will fall in 2009 for the first time in 15 years, the head of the African Development Bank warned on Tuesday.

Eskom signs $500m loan with African Development Bank

Eskom said on Monday it had signed a $500-million loan with the African Development Bank to support its power-expansion programme.

AfDB cuts Africa GDP forecast as crisis bites

Africa's economy will grow by less than previously expected as the financial crisis hits demand for commodities, the African Development Bank says.

Aid carrot may solve Zim impasse

Financial assistance from the African Development Bank could bolster negotiations, writes Jason Moyo.

AfDB increases support to Malawi due to growth

Malawi is set to benefit from about $200-million and part of a $1-billion farm input fund from the African Development Bank.

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