from The EastAfrican..By ALLAN OLINGOSeptember 20, 2014 Kenya's geothermal electricity surpassed expectations to become the country’s largest source of power in the month of July. Geothermal power provided 257.71 million kilowatts to the national grid, while hydropower contributed 253.87 million kilowatts, and thermal generation 251.50 million kilowatts. According to data released by the Kenya National Bureau of Statistics (KNBS) in May, thermal generation contributed the most that month with 295.89 million kilowatts, with hydropower at 250.18 million kilowatts
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This month’s preferred reading is Cambodia: Entering a New Phase of Growth by Olaf Unteroberdoerster.
Cambodia is poised to join a new generation of Asian frontier economies transitioning from low-income to emerging-market. But the path to greater and more shared prosperity requires a solid foundation of sound macroeconomic policies, enabling new growth drivers, tackling a highly dollarized and fragmented financial system, and creating more fiscal policy space to help meet Cambodia's vast development needs. This book first takes a closer look at the key economic challenges Cambodia faces at the current juncture, highlighting Cambodia's structural and financial constraints to growth as well as shifting vulnerabilities as Asia rebalances. It then lays out how a strategy of fiscal and financial sector policies, from creating a fairer and more buoyant tax system to modernizing financial instruments, markets and supervision, can help mobilize the resources and tools needed for one of Asia's youngest and fastest-growing populations to enjoy more self-sustaining and inclusive growth.
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from The Telegraph..By David Blair and Richard SpencerSeptember 20, 2014 The fabulously wealthy Gulf state, which owns an array of London landmarks and claims to be one of our best friends in the Middle East, is a prime sponsor of violent Islamists Few outsiders have noticed, but radical Islamists now control Libya's capital. These militias stormed Tripoli last month, forcing the official government to flee and hastening the country's collapse into a failed state. Moreover, the new
from Africa Review..September 20, 2014 Wiko is finally in Kenya, where else in Africa is it going next and why the particular countries? Wiko is starting its journey in Africa with the launch in Kenya. Kenya is a strategic choice because of the size of the market, the close correlation between the Wiko brand target audience and the youthful and Kenyan population and because it's an excellent base from which to expand into the rest of East
from The Cyprus Mail..September 20, 2014 EUROPEAN bankers chided Cypriot banks yesterday for failing to pass on millions to small and medium sized businesses, which they called the "engines for growth and jobs". The president and vice president of the European Investment Bank (EIB) were in Nicosia yesterday to sign a loan deal with Cypriot banks worth €85 million to be used to finance small and medium businesses. But the banks were told the EIB wanted to
from The Africa Report..By Joe Bavier in AbidjanSeptember 19, 2014 Most of Ivory Coast's no-bid government deals contravene regulations and should have been opened up to bidding, an audit by the public procurement watchdog showed on Thursday, echoing growing donor concern over the contracts. President Alassane Ouattara has won widespread praise as the architect of a revival of French-speaking West Africa's leading economy following a decade of political turmoil that ended in a brief 2011 civil war. Ivory
Tagged in: Corruption & Transparency
from The Africa Report..September 19, 2014 Rwanda has received 460 million euros ($592.20 million) from the European Union to improve power generation and agriculture, in a country that heavily relies on donors to fund its development and annual budget. The east African state's economy has suffered from cuts in budgetary support by donors after United Nations monitors accused it in 2012 of backing rebels in the neighbouring Democratic Republic of Congo. Although Rwanda rejected the accusations, economic