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- Geldof: G8 Camp David summit can end poverty
Ahead of this week's G8 summit at Camp David, Maryland, the musician and global poverty campaigner Bob Geldof returns to Ethiopia to highlight the issue of famine and climate change.
- Gatlin wins 100 at Diamond League meet in Doha
The Americans got the best of their Jamaican rivals in the sprints at the season-opening Diamond League meet in Doha on Friday while the Kenyans outclassed the Ethiopians in the longer distances.
- Middle East investors slowly wake up to Africa
ADDIS ABABA (Reuters) - Flush with cash from oil and stuck with few options for growth in developed markets, Middle East investors are increasingly looking to nearby Africa. While the fast-growing continent offers plenty of opportunities, bankers say there are also a raft of challenges for Middle East investors, particularly due to the relatively small size of potential deals. "We're seeing more interest. I think it's fair to say that we haven't seen a lot of that crystallise into deals so far," said Diana Layfield, Africa chief executive at Britain's Standard Chartered Plc. ...
- Mali crisis needs to be resolved fast: African Development Bank
 ADDIS ABABA (Reuters) - West African governments - with help from the international community - need to resolve Mali's crisis fast to stop the Sahelian belt becoming a haven for terrorists and traffickers, the head of the African Development Bank said. The bank's president, Donald Kaberuka, also said in an interview that while growth in sub-Saharan Africa had good momentum, economies needed to prepare for the risk of external shocks from slower growth in developed and large emerging economies. ...
- Rising inequality threatening African growth: report
ADDIS ABABA (Reuters) - Rising inequality across Africa could curtail the continent's economic gains, a leading think-tank said on Friday, warning governments they risked instability unless unemployment and hunger were tackled. In its annual report, the Africa Progress Panel lauded the continent's growth, saying 70 percent of Africa's total population now lived in countries that have recorded growth rates of more than four percent in the last decade. ...
- Nigeria's UBA shelves plans for $500 mln Eurobond
ADDIS ABABA (Reuters) - Pan-African lender United Bank for Africa has shelved its plans for a $500 million Eurobond as it focuses on strengthening its existing businesses, its chief executive said on Friday. "What we're doing right now is just to consolidate the business," Phillips Oduoza told Reuters on the sidelines of the World Economic Forum on Africa in Addis Ababa. Oduoza said in March the bank was looking at issuing a $500 million Eurobond by the fourth quarter of this year or early 2013. "For now we put it on hold. ...
- Ethiopian Muslims protest government 'interference'
ADDIS ABABA (Reuters) - On the outskirts of Addis Ababa, a muezzin leads a solemn sermon at a mosque before thousands of worshippers stamp their feet to protest against what they say is the Ethiopian government's interference in religious affairs. Protests are uncommon in tightly-controlled Ethiopia, and the unrest has caused concern in the predominantly Christian nation that takes pride in centuries of coexistence. The government fears hardline Islam is taking root in the Horn of Africa country, which has long been seen by the West as a bulwark against militant Islam in neighbouring Somalia. ...
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American Justin Gatlin nipped Jamaica's Asafa Powell at the line to win the 100 meters in a time of 9.87 seconds at the season-opening Diamond League meet on Friday.
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