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1.
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International Monetary Fund and the stimulus of destabilization
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Author: Michael Dibiaezue
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Date Written: 17 January 2012
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Primary Category:
Economic Justice
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Document Origin: OpEdNews
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Secondary Category:
Western Region
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Source URL:
http://www.opednews.com/
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Key Words: Nigeria, petrol policy, IMF, US, sovereignty
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Summary & Comment:
Critical analysis of the effects of international policies that govern decision-making in Nigeria. To quote- That fuel subsidy could be so arrogantly removed on New Year day without feeling or recourse to Nigerians or their representatives at the National Assembly, speaks of the fear our leaders harbor for International bankers and the degree of co . . .
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2.
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Billions siphoned by corruption could have been used to maintain fuel subsidy
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Author: Mustapha Muhammad
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Date Written: 11 January 2012
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Primary Category:
Economic Justice
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Document Origin: Inter Press Service
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Secondary Category:
Western Region
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Source URL:
http://www.ips.org/
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Key Words: Nigeria, petrol subsidies, corruption, human rights abuse
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Summary & Comment:
"Free to those who can afford it, very expensive to those who can’t"... Would be one way of describing the current situation with fuel subsidies in Nigeria. Billions of dollars in potential petrol revenue are lost yearly because of corruption and the state’s lack investment in infrastructure. This state of affairs contributes to the incre . . .
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3.
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Zimbabwe: Chinese become unwelcome guests
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Author: Stanley Kwenda
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Date Written: 7 January 2012
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Primary Category:
Economic Justice
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Document Origin: Inter Press Service Africa
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Secondary Category:
Zimbabwe
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Source URL:
http://www.ips.org/africa
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Key Words: Zimbabwe, China, investment, small businesses, labour,
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Summary & Comment:
When Zimbabwe was cut off from Western investment he adopted a `Look East’ policy , especially to China, and welcomed trade and investment.
Unexpectedly the Chinese not only invested in companies but also started their own businesses, and brought over many of their own people for labour. Thus they entered into competition with local people, and ma . . .
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4.
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Guinea: Donor assistance will reduce contract non-payment risks despite continued risks of sporadic violence
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Author: Exclusive Analysis
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Date Written: 3 January 2012
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Primary Category:
Economic Justice
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Document Origin: African Arguments
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Secondary Category:
Western Region
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Source URL:
http://africanarguments.org/
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Key Words: Guinea, IMF, legislative elections, mining
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Summary & Comment:
In Guinea, donor payments are linked strongly with successful elections. This overview looks at what is in store for Guinea in the upcoming year. J-P
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5.
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Somalia: US bank move highlights importance of remittances
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Author: IRIN
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Date Written: 27 December 2011
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Primary Category:
Economic Justice
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Document Origin: IRIN
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Secondary Category:
Eastern Region
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Source URL:
http://www.irinnews.org/
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Key Words: economy, hawala, diaspora, famine
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Summary & Comment:
Remittances sent home to Somalia by the diaspora are far more effective than support through most aid agencies for the simple reason that money is delivered immediately where it is needed. However, blocking this flow of money also has an immediate, and negative, effect in a region that needs all the help it can get. If more banks follow the lead of . . .
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6.
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Measuring African capital flight
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Author: Léonce Ndikumana & James K. Boyce
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Date Written: 17 December 2011
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Primary Category:
Economic Justice
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Document Origin: Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent.
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Secondary Category:
Africa General
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Source URL:
http://www.africafocus.org
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Key Words: African GDP, capital flight, tax havens, odious debt
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Summary & Comment:
From AfricaFocus bulletin: "The magnitude of African capital flight is staggering both in absolute monetary values and relative to GDP. For the thirty-three sub-Saharan African countries for which we have data, we find that more than $700 billion fled the continent between 1970 and 2008. If this capital was invested abroad and earned interest . . .
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7.
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Foreign energy policy fuels famine in Africa
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Author: Pambazuka News
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Date Written: 8 December 2011
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Primary Category:
Economic Justice
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Document Origin: Pambazuka News, Issue 562
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Secondary Category:
Food and Land
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Source URL:
http://www.pambazuka.org/
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Key Words: Land grab, energy, agrofuel, exploitation
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Summary & Comment:
Pambazuka News speaks to Oakland Institute about the findings of their latest round of in-depth research into land grabs in Africa, from the role played by the energy policies of rich countries and the World Bank to the dangers of a development agenda that fails to heed the negative social, economic and environmental impacts of industrial agrofuel . . .
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