Economy & Business

Cameroon’s economy grew by 5% in 2012 – but poverty continues to rise

Sierra Leone Telegraph: 1 February 2013: The World Bank has announced that  Cameroon’s economy grew by 5% in 2012, after rising about 4 percent in 2011. Agriculture, construction, and the service industries are responsible for fuelling this growth, together with a significant  rise in oil production. However, this economic growth has not improved [Read More]

Economy & Business

‘African economies are being sabotaged due to massive tax avoidance and evasion by foreign investors’ – says AU Report

Sierra Leone Telegraph: 28 July 2012 A report has chastised multinational corporations for the illicit transfer of most of the $ 1.5 trillion they make in Africa each year, back to the developed countries, draining hard currency reserves from the continent. This according to the African Press Organization (APO) is [Read More]