Economic development

UN agency reports jump in foreign investment in developing, transition economies

The United Nations Conference on Trade and Development (UNCTAD) today reported that foreign investment in developing and transition economies rose to $745 billion in the first half of 2013, up some 4 per cent over the same period last year.

Veteran diplomat thinks world is “on the right path” in promoting south-south cooperation

Solutions from developing countries geared at meeting the Millennium Development Goals (MDGs) are being showcased this week at the Global South-South Development Expo in Nairobi, Kenya.

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Africa makes economic progress but continues to face challenges

Improving the way governments run the political and economic affairs on the continent has been considered critical for improving people’s lives in Africa.

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Africa is changing and rising, says African Union ambassador

Africa is changing for the better, according to the representative of the African Union (AU) to the United Nations.

Ambassador Tete Antonio spoke with UN Radio as the United Nations observes Africa NEPAD week from 18 to 25th October.

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African Peer Review Mechanism celebrates 10 years

The African Peer Review Mechanism, which promotes and re-enforces good governance on the continent, turns 10 this Monday, 21 October.

It is a mutually agreed programme that has been voluntarily adopted by the member states of the African Union.

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Somalis receive airport fire and rescue training in Kenya

As Somalia continues its efforts to rebuild and create functioning state institutions, it established a fire fighting unit early this year.

The government is increasing the number of fire-fighters and training them in new techniques such as airport fire fighting and rescue operations.

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International Trade Centre helps unleash the “untapped growth potential” of small businesses in the developing world

Fashion and fair trade may seem worlds apart, but a UN agency is bringing them together by connecting artisans in developing countries with industry professionals who use their textiles, bead work and other traditional crafts to produce exquisite clothing and accessories.

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Burundi children “light up” villages with energy efficient bulbs

Families in Burundi are swapping kerosene lamps for energy efficient LED lights, according to the UN Children’s Fund (UNICEF).

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IMF predicts mixed picture for global growth

The world economy is expected to grow by 2.9 percent this year which is below the 3.2 percent recorded in 2012, according to the International Monetary Fund (IMF).

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Developing countries call for more funding to fight poverty

A number of ministers from around the world, including Africa, were at the United Nations this week for a High-level Dialogue on Financing for Development.

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