http://inzim.com/s/index.php?t=5,13,20 The latest news on Africa, sourced from allAfrica.com, filtered and categorized. en-en http://inzim.com/s/images/button.jpg http://inzim.com/s/index.php?t=5,13,20 http://inzim.com/s/go.php?s=440519 http://inzim.com/s/go.php?s=440519
[Oxfam]Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today.

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[The Star]The African diaspora is a major source of foreign income so large that it now outstrips foreign aid sent by Western donors. Nearly 140 million Africans live abroad. The money they send back home, remittances, is worth far more - in value and usefulness - than the development donations by Western financial institutions.

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[New Vision]Kampala -Uganda said it plans to increase domestic borrowing this fiscal year by 0.7 percent of GDP after donors withheld $282 million in budgetary support over a corruption scandal.

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[Aswat Masriya]President Mohamed Mursi failed on his brief Wednesday visit to Berlin to persuade Chancellor of Germany Angela Merkel to reduce Egypt's ?240 million debt to Germany, the German Der Spiegel magazine reported on Wednesday.

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[New Vision]Non-tariff barriers, bureaucratic processes in decision making and the misuse of Rules of Origin are the main challenges that continue to undermine the integration agenda in East Africa, Tanzania's President Jakaya Kikwete has said.

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[EA Business]The Uganda shilling breached the initial resistance levels as strong interbank activity continued to prevail. According to experts, this continues to be driven by demand out-weighing inflows from the NGO and Commodity exports as well as the negative sentiments from donor aid cuts.

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[African Press Organization] WASHINGTON, June 26, 2012 - At the second African Diaspora Marketplace (ADM II), 17 U.S.-based entrepreneurs were awarded matching grants to fund innovative business plans and promote economic growth in seven countries in sub-Saharan and North Africa. The grants will match ADM winners' own funds to support growth of their businesses.

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[World Bank] Port-Louis, June 14, 2012 - A two-days High Level Forum (HLF) titled Harnessing Diaspora Resources for Development in Africa opened today in Bagatelle, Mauritius (June 14th and 15th, 2012). This event gathers more than fifty representatives of African government officials, development partners, private sector stakeholders and experts from several continents, who will have an opportunity to capitalize on many practical actions taken to harness Diaspora resources. Officially, recorded remittance flows to Sub Saharan Africa exceeded US$

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[World Bank] Washington - The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank.

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[Sudan Tribune] Washington - The United States President Barack Obama's 2013 budget proposal, released on Monday incorporated the possibility of relieving Sudan's entire debt owed to it if certain conditions are met.

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