The rare species: The African success story

Article Abstract:

The landlocked former British Colony, Botswana, population 1.7 million, is considered the jewel of southern Africa, achieving an impressive 7 percent average annual economic growth rate from 1985. Botswana prevented corruption from entering their territory, creating a favorable climate for business investment and ensuring that banks kept credit flowing to private business, building up a market-driven economy since it gained independence from Great Britain in 1966.

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Fragile hope

Article Abstract:

The G-8 meeting opened a period of hope for Africa, but in many other countries, that hope is still fragile as violence in Darfur, food shortages in Zambia, Zimbabwe, Swaziland and Mozambique, civil war in northern Uganda and fighting in Togo and Chad continue. The scale of these tragedies and the level of human suffering they bring would b enough to cloud anyone's hope.

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New foreign aid program comes to town

Article Abstract:

The Millennium Challenge Corporation (MCC), a new foreign aid program has come up in the US, which is designed to make economic-development grants to countries that embrace capitalism and meet the US set standards for democratic governance. MCC focuses on the issue of poverty alleviation and works for prosperity and opportunity.

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