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<title>IBTimes Australia : Africa Economy</title>
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<item>
    <title><![CDATA[Ugandan Govt to take 80 Pct of oil profits]]></title>
    <description><![CDATA[The Ugandan government said Wednesday it will take up to 80 percent of the oil revenue if the production levels are high.]]></description>
    <guid>http://au.ibtimes.com/articles/31860/20100701/ugandan-govt-to-take-80-pct-of-oil-profits.htm</guid>
    <link>http://au.ibtimes.com/articles/31860/20100701/ugandan-govt-to-take-80-pct-of-oil-profits.htm</link>
    <pubDate>Thu, 01 Jul 2010 14:08:52 +1000</pubDate>
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<item>
    <title><![CDATA[Mauritius business confidence hit by euro woes-survey]]></title>
    <description><![CDATA[Confidence among Mauritius businesses was hurt in May and June by the crisis in the euro zone, a major tourism and export goods market, an inaugural survey showed on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/31771/20100701/mauritius-business-confidence-hit-by-euro-woes-survey.htm</guid>
    <link>http://au.ibtimes.com/articles/31771/20100701/mauritius-business-confidence-hit-by-euro-woes-survey.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:39:53 +1000</pubDate>
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<item>
    <title><![CDATA[IFC invests $120 mln in Egypt refinery project]]></title>
    <description><![CDATA[The World Bank&#039;s investment arm said it will invest $120 million to fund a refinery project near Cairo through Egyptian private equity firm Citadel Capital.]]></description>
    <guid>http://au.ibtimes.com/articles/31744/20100701/ifc-invests-120-mln-in-egypt-refinery-project.htm</guid>
    <link>http://au.ibtimes.com/articles/31744/20100701/ifc-invests-120-mln-in-egypt-refinery-project.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:15:14 +1000</pubDate>
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<item>
    <title><![CDATA[Botswana GDP up 4.1 percent in Q1&#039;10: stats office]]></title>
    <description><![CDATA[Botswana&#039;s gross domestic product increased by 4.1 percent in the first quarter of 2010, driven by higher output from the key mining sector, Central Statistics Office (CSO) data showed on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/31741/20100701/botswana-gdp-up-4-1-percent-in-q1-10-stats-office.htm</guid>
    <link>http://au.ibtimes.com/articles/31741/20100701/botswana-gdp-up-4-1-percent-in-q1-10-stats-office.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:14:00 +1000</pubDate>
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<item>
    <title><![CDATA[Real estate, manufacturing fuel Mauritius Q1 growth: govt]]></title>
    <description><![CDATA[Mauritius&#039; economy grew by 3.6 percent in the first quarter of 2010 compared with 1.1 percent a year earlier, boosted by stronger manufacturing and real estate activity, its Central Statistics Office said on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/31739/20100701/real-estate-manufacturing-fuel-mauritius-q1-growth-govt.htm</guid>
    <link>http://au.ibtimes.com/articles/31739/20100701/real-estate-manufacturing-fuel-mauritius-q1-growth-govt.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:11:50 +1000</pubDate>
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    <title><![CDATA[S.Africa annual credit growth turns positive in May]]></title>
    <description><![CDATA[Demand for credit by South Africa&#039;s private sector registered the first annual growth in eight months in May but was up only marginally, in a sign consumers remain wary of debt despite rising spending patterns.]]></description>
    <guid>http://au.ibtimes.com/articles/31738/20100701/s-africa-annual-credit-growth-turns-positive-in-may.htm</guid>
    <link>http://au.ibtimes.com/articles/31738/20100701/s-africa-annual-credit-growth-turns-positive-in-may.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:10:37 +1000</pubDate>
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    <title><![CDATA[S.Africa&#039;s trade deficit narrower, pressure seen]]></title>
    <description><![CDATA[South Africa&#039;s trade deficit narrowed sharply in May as exports rose despite transport sector strike, the South African Revenue Service said on Wednesday, but the outlook for key markets remains cloudy.]]></description>
    <guid>http://au.ibtimes.com/articles/31737/20100701/s-africa-s-trade-deficit-narrower-pressure-seen.htm</guid>
    <link>http://au.ibtimes.com/articles/31737/20100701/s-africa-s-trade-deficit-narrower-pressure-seen.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:09:03 +1000</pubDate>
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    <title><![CDATA[Egypt&#039;s deficit likely below forecast: minister]]></title>
    <description><![CDATA[Egypt&#039;s budget deficit for the financial year that ends on June 30 is likely to come in below the target of 8.4 percent of gross domestic product (GDP), Egyptian Finance Minister Youssef Boutros-Ghali told Reuters.]]></description>
    <guid>http://au.ibtimes.com/articles/31434/20100630/egypt-s-deficit-likely-below-forecast-minister.htm</guid>
    <link>http://au.ibtimes.com/articles/31434/20100630/egypt-s-deficit-likely-below-forecast-minister.htm</link>
    <pubDate>Wed, 30 Jun 2010 06:34:00 +1000</pubDate>
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    <title><![CDATA[Egypt unlikely to sell big banks soon: World Bank]]></title>
    <description><![CDATA[Egypt is unlikely to sell its big state banks in the next few years in the wake of the global financial crisis, meaning financial reform will focus on long-term systemic changes backed by $1.5 billion of World Bank loans, a World Bank economist said.]]></description>
    <guid>http://au.ibtimes.com/articles/31430/20100630/egypt-unlikely-to-sell-big-banks-soon-world-bank.htm</guid>
    <link>http://au.ibtimes.com/articles/31430/20100630/egypt-unlikely-to-sell-big-banks-soon-world-bank.htm</link>
    <pubDate>Wed, 30 Jun 2010 06:30:18 +1000</pubDate>
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    <title><![CDATA[Rwanda&#039;s yr/yr inflation slips to 0.32 pct in May]]></title>
    <description><![CDATA[Rwanda&#039;s year-on-year inflation rate eased to 0.32 percent in May from 0.64 percent in April, the National Institute of Statistics of Rwanda (NISR) said in a statement on Tuesday.]]></description>
    <guid>http://au.ibtimes.com/articles/31429/20100630/rwanda-s-yr-yr-inflation-slips-to-0-32-pct-in-may.htm</guid>
    <link>http://au.ibtimes.com/articles/31429/20100630/rwanda-s-yr-yr-inflation-slips-to-0-32-pct-in-may.htm</link>
    <pubDate>Wed, 30 Jun 2010 06:29:14 +1000</pubDate>
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    <title><![CDATA[World Cup costs S.Africa dear but longterm boost seen: analysts]]></title>
    <description><![CDATA[South Africa will only directly recoup a fraction of the billions of rand spent on staging the World Cup but should reap long-term economic benefits through the rebranding of a nation noted for violent crime.]]></description>
    <guid>http://au.ibtimes.com/articles/31234/20100629/world-cup-costs-s-africa-dear-but-longterm-boost-seen-analysts.htm</guid>
    <link>http://au.ibtimes.com/articles/31234/20100629/world-cup-costs-s-africa-dear-but-longterm-boost-seen-analysts.htm</link>
    <pubDate>Tue, 29 Jun 2010 11:26:02 +1000</pubDate>
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    <title><![CDATA[Morocco unveils $3.5 billion wind power scheme]]></title>
    <description><![CDATA[Morocco unveiled on Monday a wind energy project worth 31.5 billion dirhams, which officials said will help increase the share of the country&#039;s electricity consumption from renewable sources to 42 percent by 2020.]]></description>
    <guid>http://au.ibtimes.com/articles/31233/20100629/morocco-unveils-3-5-billion-wind-power-scheme.htm</guid>
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    <pubDate>Tue, 29 Jun 2010 11:24:14 +1000</pubDate>
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    <title><![CDATA[Nigeria pledges better regulation for power investors]]></title>
    <description><![CDATA[The man charged with turning around Nigeria&#039;s dilapidated power sector on Monday promised faster reforms to encourage foreign investors to take part in a planned privatisation programme.]]></description>
    <guid>http://au.ibtimes.com/articles/31231/20100629/nigeria-pledges-better-regulation-for-power-investors.htm</guid>
    <link>http://au.ibtimes.com/articles/31231/20100629/nigeria-pledges-better-regulation-for-power-investors.htm</link>
    <pubDate>Tue, 29 Jun 2010 11:21:16 +1000</pubDate>
</item>
<item>
    <title><![CDATA[World Cup costs S.Africa dear but longterm boost seen: analysts]]></title>
    <description><![CDATA[South Africa will only directly recoup a fraction of the billions of rand spent on staging the World Cup but should reap long-term economic benefits through the rebranding of a nation noted for violent crime.]]></description>
    <guid>http://au.ibtimes.com/articles/31181/20100629/world-cup-costs-s-africa-dear-but-longterm-boost-seen-analysts.htm</guid>
    <link>http://au.ibtimes.com/articles/31181/20100629/world-cup-costs-s-africa-dear-but-longterm-boost-seen-analysts.htm</link>
    <pubDate>Tue, 29 Jun 2010 05:35:11 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Europe&#039;s debt crisis could cut African exports: IMF]]></title>
    <description><![CDATA[Failure to deal with Europe&#039;s debt crisis could depress sub-Saharan Africa&#039;s export earnings and financial flows, undermining the region&#039;s recovery from the financial crisis, a senior IMF official said on Monday.]]></description>
    <guid>http://au.ibtimes.com/articles/31141/20100629/europe-s-debt-crisis-could-cut-african-exports-imf.htm</guid>
    <link>http://au.ibtimes.com/articles/31141/20100629/europe-s-debt-crisis-could-cut-african-exports-imf.htm</link>
    <pubDate>Tue, 29 Jun 2010 04:32:59 +1000</pubDate>
</item>
<item>
    <title><![CDATA[E.Guinea&#039;s Obiang woos oil investors with reforms]]></title>
    <description><![CDATA[The President of Equatorial Guinea said on Monday he would introduce reforms in one of Africa&#039;s most corrupt and repressive nations to attract declining investment in the West African oil producer.]]></description>
    <guid>http://au.ibtimes.com/articles/31137/20100629/e-guinea-s-obiang-woos-oil-investors-with-reforms.htm</guid>
    <link>http://au.ibtimes.com/articles/31137/20100629/e-guinea-s-obiang-woos-oil-investors-with-reforms.htm</link>
    <pubDate>Tue, 29 Jun 2010 04:26:19 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Cape Town benefits from World Cup]]></title>
    <description><![CDATA[Hotels and various other accommodation providers near Cape Town’s soccer stadium have benefited the most from the soccer World Cup, Cape Town Tourism said on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30917/20100626/cape-town-benefits-from-world-cup.htm</guid>
    <link>http://au.ibtimes.com/articles/30917/20100626/cape-town-benefits-from-world-cup.htm</link>
    <pubDate>Sat, 26 Jun 2010 12:30:43 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Africa&#039;s potential can no longer be ignored: study]]></title>
    <description><![CDATA[Africa&#039;s strong growth will continue at a rapid pace and investors and business can not afford to ignore the continent&#039;s potential which goes far beyond commodities, according to a McKinsey Global Institute study.]]></description>
    <guid>http://au.ibtimes.com/articles/30897/20100626/africa-s-potential-can-no-longer-be-ignored-study.htm</guid>
    <link>http://au.ibtimes.com/articles/30897/20100626/africa-s-potential-can-no-longer-be-ignored-study.htm</link>
    <pubDate>Sat, 26 Jun 2010 09:58:12 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Freight rates draw S.Africa, Colombia coal to Asia]]></title>
    <description><![CDATA[The recent plunge in freight rates has re-opened the price arbitrage for Colombian and South African coal to move into Asia, sparking renewed interest from Chinese buyers, trade sources said on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30843/20100626/freight-rates-draw-s-africa-colombia-coal-to-asia.htm</guid>
    <link>http://au.ibtimes.com/articles/30843/20100626/freight-rates-draw-s-africa-colombia-coal-to-asia.htm</link>
    <pubDate>Sat, 26 Jun 2010 05:30:01 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Kenyan tea firms say unlikely to repeat performance]]></title>
    <description><![CDATA[Kenya&#039;s Williamson Tea and Kapchorua Tea said declining markets and rising fuel and energy costs will make it difficult this year to replicate the profits each reported to the bourse on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30842/20100626/kenyan-tea-firms-say-unlikely-to-repeat-performance.htm</guid>
    <link>http://au.ibtimes.com/articles/30842/20100626/kenyan-tea-firms-say-unlikely-to-repeat-performance.htm</link>
    <pubDate>Sat, 26 Jun 2010 05:28:41 +1000</pubDate>
</item>
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    <title><![CDATA[Mauritius 2010 unemployment forecast at 7.5 pct]]></title>
    <description><![CDATA[Mauritius forecasts unemployment in 2010 will increase to 7.5 percent from 7.3 percent last year, official data showed on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30838/20100626/mauritius-2010-unemployment-forecast-at-7-5-pct.htm</guid>
    <link>http://au.ibtimes.com/articles/30838/20100626/mauritius-2010-unemployment-forecast-at-7-5-pct.htm</link>
    <pubDate>Sat, 26 Jun 2010 05:23:44 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Kenyan remittances up 4 pct yr/yr to $51.2 mln in May]]></title>
    <description><![CDATA[Kenyan remittances rose 4 percent to $51.172 million in May compared with the same month last year, central bank said on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30836/20100626/kenyan-remittances-up-4-pct-yr-yr-to-51-2-mln-in-may.htm</guid>
    <link>http://au.ibtimes.com/articles/30836/20100626/kenyan-remittances-up-4-pct-yr-yr-to-51-2-mln-in-may.htm</link>
    <pubDate>Sat, 26 Jun 2010 05:18:45 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Angola reserves jump to $15.36 bln in April: central bank]]></title>
    <description><![CDATA[Oil producing Angola&#039;s foreign exchange reserves rose for a third straight month to $15.36 billion in April from $13.78 billion in March, bolstered by higher oil prices and exports, the central bank said on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30834/20100626/angola-reserves-jump-to-15-36-bln-in-april-central-bank.htm</guid>
    <link>http://au.ibtimes.com/articles/30834/20100626/angola-reserves-jump-to-15-36-bln-in-april-central-bank.htm</link>
    <pubDate>Sat, 26 Jun 2010 05:12:14 +1000</pubDate>
</item>
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    <title><![CDATA[Burundi&#039;s inflation rises to 8.4 pct in May]]></title>
    <description><![CDATA[Burundi&#039;s year-on-year inflation rose to 8.4 percent in May from 7.4 percent a month earlier, driven by high costs of food, the country&#039;s statistics board said on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/30820/20100626/burundi-s-inflation-rises-to-8-4-pct-in-may.htm</guid>
    <link>http://au.ibtimes.com/articles/30820/20100626/burundi-s-inflation-rises-to-8-4-pct-in-may.htm</link>
    <pubDate>Sat, 26 Jun 2010 04:45:05 +1000</pubDate>
</item>
<item>
    <title><![CDATA[AfDB grants $400 mln loan for S.Africa&#039;s Transnet]]></title>
    <description><![CDATA[The African Development Bank on Friday said it had approved a $400 million loan to South Africa&#039;s logistics utility Transnet for its five-year 93.4 billion rand investment programme.]]></description>
    <guid>http://au.ibtimes.com/articles/30819/20100626/afdb-grants-400-mln-loan-for-s-africa-s-transnet.htm</guid>
    <link>http://au.ibtimes.com/articles/30819/20100626/afdb-grants-400-mln-loan-for-s-africa-s-transnet.htm</link>
    <pubDate>Sat, 26 Jun 2010 04:43:30 +1000</pubDate>
</item>
<item>
    <title><![CDATA[S.Africa national debt to keep growing until 2015]]></title>
    <description><![CDATA[South Africa&#039;s national debt is expected to balloon to 44 percent of gross domestic product by 2015/16 before declining gradually, Finance Minister Pravin Gordhan said on Thursday.]]></description>
    <guid>http://au.ibtimes.com/articles/30575/20100625/s-africa-national-debt-to-keep-growing-until-2015.htm</guid>
    <link>http://au.ibtimes.com/articles/30575/20100625/s-africa-national-debt-to-keep-growing-until-2015.htm</link>
    <pubDate>Fri, 25 Jun 2010 06:38:21 +1000</pubDate>
</item>
<item>
    <title><![CDATA[S.Africa&#039;s c/act widens in Q1, PPI quickens in May]]></title>
    <description><![CDATA[The deficit on South Africa&#039;s current account widened more than expected in the first quarter, partly due to problems in the euro zone that curbed exports.]]></description>
    <guid>http://au.ibtimes.com/articles/30570/20100625/s-africa-s-c-act-widens-in-q1-ppi-quickens-in-may.htm</guid>
    <link>http://au.ibtimes.com/articles/30570/20100625/s-africa-s-c-act-widens-in-q1-ppi-quickens-in-may.htm</link>
    <pubDate>Fri, 25 Jun 2010 06:30:35 +1000</pubDate>
</item>
<item>
    <title><![CDATA[IMF agrees Liberia debt relief, awaits World Bank]]></title>
    <description><![CDATA[Liberia is set to qualify for full debt relief after the International Monetary Fund said on Wednesday the West African country had completed the necessary steps to have its debt written off.]]></description>
    <guid>http://au.ibtimes.com/articles/30416/20100624/imf-agrees-liberia-debt-relief-awaits-world-bank.htm</guid>
    <link>http://au.ibtimes.com/articles/30416/20100624/imf-agrees-liberia-debt-relief-awaits-world-bank.htm</link>
    <pubDate>Thu, 24 Jun 2010 20:12:40 +1000</pubDate>
</item>
<item>
    <title><![CDATA[S.African inflation eases, economy needs restructuring]]></title>
    <description><![CDATA[South Africa&#039;s consumer inflation braked to a new four-year low in May signifying prices are still depressed after last year&#039;s recession, and the finance minister said the economy needed restructuring to boost growth.]]></description>
    <guid>http://au.ibtimes.com/articles/30267/20100624/s-african-inflation-eases-economy-needs-restructuring.htm</guid>
    <link>http://au.ibtimes.com/articles/30267/20100624/s-african-inflation-eases-economy-needs-restructuring.htm</link>
    <pubDate>Thu, 24 Jun 2010 05:30:46 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Angola to start producing sugar in Q4 2011: report]]></title>
    <description><![CDATA[Angola will start producing sugar for the first time in more than three decades in the fourth quarter of 2011, state-owned news agency Angop reported on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/30253/20100624/angola-to-start-producing-sugar-in-q4-2011-report.htm</guid>
    <link>http://au.ibtimes.com/articles/30253/20100624/angola-to-start-producing-sugar-in-q4-2011-report.htm</link>
    <pubDate>Thu, 24 Jun 2010 05:14:17 +1000</pubDate>
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