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Three years ago, Seychelles President James Michel found himself in the uncomfortable seat of shepherding his country out of economic woods.

By Nangayi Guyson – New York —UN deploring what it called “the gross and systematic violation of human rights” in strife-torn Libya, the Security Council has voted unanimously to impose sanctions on Muammar Gaddafi’s regime demanding an end to the violence and decided to refer the situation to the International Criminal Court while imposing an arms embargo on the country and a travel ban and assets freeze on his  family and certain Government officials. Saturday night’s vote was only the second time the Security Council has referred a country to the ICC, and the first time such a vote has been... Continue Reading

By Nangayi Guyson in Kampala Uganda – Cape Town – President Jacob Zuma of South Africa has launched a state-owned mining company to ensure more state involvement in the vital sector of the economy. The African Exploration Mining and Finance Corporation (AEMFC), currently a subsidiary of the Central Energy Fund, would serve as the state-run mining firm, under which all state interests in mining would be consolidated, Zuma said “The role of the state cannot merely be confined to that of a regulator. The state must actively participate in the mining industry to ensure that our national interest is protected and... Continue Reading

By Peterking Quaye ,Shout-Africa.com from Accra,Ghana – There are  27 Ghanaian banks having over $1 billion shareholders’ fund spreading across all aspects of banking in a population of 25 million people, compared with 23 Nigerian banks with shareholders’ fund of $1.9 billion for 150 million population. Commending the Bank of Ghana for setting regulations which he called “corrective rather than destructive”. Barrister Ibrahim described Ghana as the fastest growing economy in the world, and announced that Energy Bank- Ghana was one of the five banks earmarked to be set up by his group before the end of the second quarter... Continue Reading

By Misheck Rusere – Zimbabwe’s suspected Egypt style protesters have been remanded to Monday the 28th of February at the request of the state to respond to the accused persons’ application made by their lawyer Aleck Muchadehama. Muchadehama made several applications including that his clients be allowed to see their medical doctors before Magistrate Munamato Mutevedzi ruled that the 45 receive medical attention at Harare Remand prison. Munyaradzi Gwisai, one of the accused along with other seven had indicated that they were tortured while in police custody at Harare Central Police’s Law and Order section. However Muchadehama reminded the trial... Continue Reading