“Nigeria’s economic growth is projected to remain robust in 2012″ – says IMF

ABUJA, Nigeria, 28 February, 2012 – African Press Organization (APO)

On February 22, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the 2011 Article IV consultation with Nigeria.

Economic growth remains strong in Nigeria, with non-oil real gross domestic product (GDP) estimated to have grown at 8.3 percent in 2011 and overall real GDP at about 6.7 percent.

Inflation slightly declined to 10.3 percent in December 2011 (year-on-year) from 11.7 percent a year earlier, in response to monetary tightening by the Central Bank of Nigeria (CBN) and moderation of food prices.

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“Ghana hatches start-ups with high hurdles” – says Wall Street Journal’s Market Watch

28 February 2012

In a light blue, three-story concrete house in the suburbs of Ghana’s capital, young entrepreneurs are developing online applications they hope will make them into the Mark Zuckerbergs of Africa.

They spend long days and nights coding, strategizing and preparing to launch new software companies in an environment where competition is becoming stiffer and more Ghanaians are striving to create Web-based offerings they dream might become the next Facebook.

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Special Court for Sierra Leone: Justice Philip Waki of Kenya sworn in as Alternate Appeal Judge

28 February 2012

The African Press Organization (APO) has reported that Justice Philip Nyamu Waki, a prominent Kenyan jurist, was sworn in on Monday, 27 February, 2012, as an alternate judge of the Special Court’s Appeals Chamber.

The solemn declaration was witnessed by Attorney-General and Minister of Justice Franklyn Bai Kargbo on behalf of the Government of Sierra Leone, and by Acting Head of Mission, UNIPSIL Berhanemeskel Nega representing the United Nations.

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