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/ 29 November 2007

Mugabe ready for dialogue with Britain

Zimbabwe President Robert Mugabe, caught in a standoff with Britain which has cast a shadow over an European Union-Africa summit, said on Wednesday he had no objection to dialogue between the two countries. British Prime Minister Gordon Brown has said he will boycott the December 8 to 9 Lisbon summit because Mugabe will attend.

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/ 29 November 2007

World Bank launches new Aids strategy for Africa

Overtaken as the largest funder of global HIV/Aids programmes, the World Bank is now focusing on easing the economic damage inflicted by the syndrome in Africa and finding ways of controlling its spread through better prevention, care and treatment. Global funding for HIV/Aids reached -billion in 2007 compared to ,6-billion available in 2001.

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/ 29 November 2007

October credit growth slows to 22,27%

Growth in demand for credit from South Africa’s private sector eased marginally to 22,27% year-on-year in October, but remained high, keeping up pressure on the central bank to raise interest rates again. Central bank data showed on Thursday credit growth slowed from 22,46% in September, while annualised M3 money supply was down at 23,39% from 24,94%.