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Liberia's GDP growth at 2.5 pct in 2016, IMF Tags: News Liberia GDP

Higher gold production and a rebound in services and construction will help Liberia's economy grow by 2.5 percent in 2016 compared to an estimated 0.3 percent last year, the International Monetary Fund said on Wednesday.

In a statement released at the end of a visit by a mission to Liberia, which was battered by a three-year Ebola outbreak, the IMF said that economic growth was projected to stabilise at around 6 percent over the medium term.

But the 6 percent growth projection is significantly lower than an earlier forecast of 8 percent growth, which the IMF said reflected a lowering of the mining sector's investment and production targets.

A significant number of non-performing loans have also hampered the banking sector, the IMF said.

"The economic outlook is set to remain challenging," the IMF said in a statement. "Downside risks are high, particularly in light of the possible deeper-than-estimated second-round effects of the commodity price shock."

Inflation is expected to remain at around 7 percent.

President Ellen Johnson Sirleaf said in September it would take two years for Liberia's economy to recover from an Ebola epidemic that killed more than 4,800 people in the country and hurt the agricultural and mining sectors.

The West African nation was declared free of the Ebola virus by global health experts in January but suffered a new Ebola death last month.

Source: Reuters

Abraaj to spend $500 mln growing African hospital business Tags: News Development

Dubai-based emerging market investment fund Abraaj will spend up to $500 million in start-up capital for a mid-tier hospital business in Africa, tapping into demand from the continent's emerging middle classes, an executive said on Wednesday.

Abraaj partner Sev Vettivetpillai said the group was well on the way to securing land for a 350-bed multi-speciality hospital in the Nigerian commercial capital Lagos, as well as buying several hospitals in Nairobi to form a healthcare 'cluster'.

Its other two target cities are Addis Ababa and Johannesburg.

"We're looking to build from the ground up because the assets do not exist," Vettivetpillai told Reuters on the sidelines of the World Economic Forum on Africa in Rwanda.

Besides its own cash, Abraaj was looking to attract a similar amount from other investors, meaning that the first four target cities were likely to absorb at least $1 billion between them in the next five years, he added.

Even though most African countries have one or two high-end hospitals, governments are struggling to provide adequate healthcare for the vast majority of their citizens, despite a decade of rapid growth across the continent.

Source: Reuters

Bob Marley Remembered Today After 35 Years Tags: Bob Marley News Music

Africans all over the world will be commemorating the life of the late reggae music legend, Bob Marley who died on May 11 1981 after succumbing to terminal cancer at the age of 36.

Robert Nester Marley, the iconic star, transformed the world with his revolutionary songs that inspired many people and societies especially those grappling with colonization, injustice and slavery.

Marley has three children with his first wife Rita, adopting her two children as his own. Their three children Cedella, Ziggy and Stephen have all gone on to have musical careers, with Ziggy and Cedella working together in the group the Melody Makers.

Stephen Marley has produced and written songs for the youngest of the Marley siblings Damian “Jr. Gong” Marley, who also is enjoying a robust career himself. Kymani Marley is also working on an album due this year, his sixth named New Heights.

Bob Marley’s influence in hip-hop culture is widespread. In 1999, Island Records released a compilation of Marley’s master vocal tracks with some updated performances featuring the likes of the late Guru of Gang Starr fame, Public Enemy’s Chuck D and others. Bob Marley’s music also had an impact on New Jersey trio the Fugees.

(Former Fugee member Lauryn Hill has five children with one of Marley’s sons, Rohan.) Pot-loving rappers such as Wiz Khalifa and Snoop Dogg also owe Marley a nod as the green leaf was a common fixture in the reggae singer’s life.

Marley released 13 albums over the course of his career alongside his band the Wailers, with Confrontation released in 1983 posthumously.

Bob Marley was born in the largest parish in the island of Jamaica, Saint Ann, which is also home to reggae stars Shabba Ranks, Burning Spear and black nationalist Marcus Garvey, also a hero of Marley.

Source; channelstv

Volleyball Your Way Programme Takes on African Flavour In April
Category: African Sports
Tags: Sport News

Lausanne, Switzerland, May 10, 2016 - The FIVB's development programme featured seven Volleyball Your Way (VBYW) courses and 10 coaches courses and technical seminars in April.

The month included six VBYW courses in African countries and one in Armenia. FIVB instructors also travelled to 10 different countries to lead coaches courses and technical seminars, including Senegal in Africa, Bahrain, India, Sri Lanka, Turkmenistan and the United Arab Emirates in Asia, Barbados and St. Lucia in the Caribbean, Mexico in North America and Argentina in South America.

The Volleyball Your Way course programme focuses on teaching the basics of volleyball to children and youth. The key target groups are teachers and grassroots coaches. The FIVB's coaches courses and technical seminars, however, are aimed at more advanced participants, including coaches wishing to develop their knowledge of training techniques.

Source: fivb

CSUN’s Model African Union Earns Awards at Annual Competition in Washington, D.C. Tags: News Local African Union csun California State University

California State University, Northridge’s Model African Union (MAU) team received four big awards this spring at the annual Model African Union conference, held at Howard University in Washington, D.C.

CSUN — which won the fourth-most awards of the 42 schools competing — won the Committee Leadership Award for the Committee on Democracy, Governance and Human Rights; the Outstanding Delegation Award for the Committee on Democracy, Governance and Human Rights; the Outstanding Delegation Award for the Technical Committee on Economic Matters and the Outstanding Committee Leadership Award for the Executive Council.

“The current and future world will face issues that cannot be settled by simply bombing our way out — diplomatic engagement, mediation and talking things out will be the order of the day , and the Model African Union Council activity offers students an excellent, high-level training and preparation for such decision-making,” said faculty adviser David Horne, a professor in the Department of Africana Studies. “CSUN students have taken to this opportunity like a fish to water and will continue to win awards and distinctions in the intercollegiate competition.”

CSUN’s MAU team, which is sponsored by the Department of Africana Studies and consists of seven Matador student delegates and Horne, has had great success together in the past — at the 2015 conference, the team took home five awards.

“Not only is CSUN the only West Coast school that has a Model African Union team, but we also have a legacy to uphold,” said CSUN MAU President Kalkidan Temesgen. “We’ve won national awards year after year, and it’s important that we keep representing ourselves and the school. Our team loves the continent of Africa, and we’ve taken it upon ourselves to advocate for them in the best way we know how.”

The MAU provides students training in leadership, diplomacy, debate and negotiation, Horne said. The conference also gives students a unique opportunity to study the role, structure and activities of the African Union, as well as the economic, social and political-security issues facing African countries.

All 42 participating schools were designated an African country — CSUN was given the Republic of Mali — to represent during the three-day February conference. Teams were asked to research their designated countries and prepare to compete and engage in diplomacy, debate and negotiation of resolutions regarding African problems.

“For months, we practiced and studied [the Republic of Mali’s] political and social stance in order to give the best representation possible,” Temesgen said. “The organizers of the conference chose the country for us — we like it this way because it gave us more of a challenge.”

Delegates of CSUN’s Model African Union team include: James Herron, Melissa Elswick, Kalkidan Temesgen, Glenna Dixon, Malcolm McIntosh, Cheryl Hatcher, Ameer Wafer and faculty advisor David L. Horne.

Source: csun

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