The Political Economy of Sub Saharan Africa in particular and Africa in general has been affected by political instability and Africa has been lacking a voice at important groupings such as G8 and G20. Despite having some of the world’s huge reserves of natural resources such as gold ,diamonds, coal, steel, and oil. Sub Saharan Africa remains largely undeveloped and poverty stricken.
Transparency International (TI), a civil society body which seeks to fight corruption and raise awareness around the world has ranked the West African state of Ghana among the least corrupt nations in the continent. The "Corruption Perceptions Index 2009" which was published this week ranked Ghana in the 69th position out of 180 countries world wide.
Thousands of victims of toxic waste dumped in Ivory Coast are still waiting for compensation two months after a settlement was agreed because of a dispute over who should distribute the money.
Two executives at a banknote-making firm part-owned by Australia's central bank have been suspended over a police probe into alleged bribery and kickbacks, officials said.
Nov. 19 (Bloomberg) -- The rand is on course for an almost 9 percent rally that will see it reach a nearly two-year high by end-2009 should it breach 7.30 to the dollar in “coming weeks,” according to Barclays Plc-owned Absa Capital.