Africa: AU Summit Approves Creation of African Monetary Fund
According to a recent article published by the Premium Times, the AU Summit has approved the formation of the African Monetary Fund, AMF, which will be based in Yaounde, Cameroon. The AU Commissioner for Economic Affairs, Anthony Maruping, reportedly told journalists in Malabo on 30 June that the Fund would work to correct balances of payment positions across Africa.
Read more… IAS Africa Rising 1 July 2014
Germany setting the stage to increase trade and investment with Africa
The German government has recently released its new policy for Africa, although little seems to have changed since the adoption of the previous German-African strategy.
This 2014 policy integrates the perspective of various ministries including Economic Cooperation and Development, Defence and Foreign Affairs as well as the Chancellery.
The new guidelines address 18 issues ranging from the promotion of peace and security to the protection of the environment, prevention of human rights violations and supporting economic growth.
Read more… IAS Africa Rising 2 July 2014