Economic inequality in many African countries is a hot topic at the World Economic Forum meeting in Durban. German Finance Minister Wolfgang Schäuble has called for more investment in Africa's infastructure.
A group of young African rappers is challenging the use of the common currency, saying the CFA franc is a remnant of colonialism and should be abolished. But members of the African elite don't seem interested in change.
Global foreign direct investment (FDI) fell by almost a quarter last year, as returns for investors declined, slowing also growth in production, a United Nations report says. Prospects for a pick-up look muted at best.
The German government unveiled a new initiative for cooperation with Africa last year. Critics say the pledge is yet to be turned into action.
Rwanda has struck a sponsorship deal with English soccer club Arsenal for about €34.5 million — a deal that has rubbed many the wrong way since the country receives foreign aid.
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