Latest Economy of Africa Stories

2011-10-11 20:18:06

Governments should target aid towards individual households threatened with poverty because of soaring food costs rather than intervene in the markets to try to lower prices, according to research funded by the Economic and Social Research Council (ESRC). Governments in poorer countries should pay cash benefits directly to poor families instead of interventions such as price subsidies or controls. This type of interference causes distortions of the food markets and does not help the...

2011-04-07 11:22:02

After unrest in the Arab world and Japan's natural disasters, new increases in food prices are in sight as demand grows and supplies tighten, reports the UN Food and Agriculture Organization (FAO), even as global food prices began moving downward from record highs in March. Food prices became an increasingly urgent topic of discussion in international politics after contributing to protests that are spreading across North Africa and the Middle East and which was a leading factor in regime...

2011-04-07 08:00:00

Consumers Paying More for Food--Experts Cite Fuel, Commodity Prices WACO, Texas, April 7, 2011 /PRNewswire-USNewswire/ -- Consumers could pay 3-4 percent more for food this year, according to the Consumer Price Index (CPI), and experts count a sharp rise in fuel costs as the leading factor. "Especially for fresh agricultural goods, time to market is essential. It's not like you can watch the price of diesel and transport your goods accordingly," said Bruce Bullock, director of the Maguire...

2011-03-11 14:08:50

Experts from 6 continents are set to produce policy recommendations for boosting food production in face of harsher climates, increasing populations, scarce resources Recent droughts and floods have contributed to increases in food prices. These are pushing millions more people into poverty and hunger, and are contributing to political instability and civil unrest. Climate change is predicted to increase these threats to food security and stability. Responding to this, the world's largest...

2011-01-23 08:20:00

Agriculture ministers from Europe, Africa and Canada warned on Saturday of riots and social unrest if action is not swiftly taken to improve food security and tackle price hikes. The ministers from Germany, France, Poland, Ukraine, Morocco, Kenya and Canada were unanimous on the causes and consequences of food shortages, which are pushing prices up.  The seven agriculture ministers agreed that renewing the threats of social instability and the sort of food riots witnessed in Mozambique,...

2011-01-18 03:21:00

UTRECHT, The Netherlands, January 18, 2011 /PRNewswire/ -- Absa Group Ltd of South Africa take the first steps to a true Cash Web Community with Transtrack's latest CashWebCommunity suite of management software to elevate their service quality and customer experience. http://www.transtrack.nl Key in the success of the bank's Cash Solutions is the use of the latest technology to provide complete end-to-end visibility and provide a platform for future integration of value added...

Word of the Day
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).