His yacht will cost nearly three times what his country spends on health and education for its impoverished citizens each year.
But Teodorin Obiang is the son of a dictator and the chances are that such considerations won’t unduly trouble him. Read the full story

Gordon Brown has used his first major speech since leaving office to say the future growth of the world economy is reliant upon the development of Africa. Read the full story

Eight Indian states account for more poor people than in the 26 poorest African countries combined, a new measure of global poverty has found. Read the full story

Consulting Management indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing business problems and development of plans for improvement. Read the full story

UNLESS African leaders get their acts together and forge a formidable Union Government, the hapless peoples of the continent will continue to suffer in the hands of foreign interests. Read the full story

The West has been fond of warning that Chinese investors are merely interested in exploiting Africa’s natural resources. But in an interview with SPIEGEL ONLINE, African Development Bank head Donald Kaberuka argues that money from China has given Africa a boost. Read the full story

With the stoicism demanded of all who hope to make money in Africa, Beauty Chama sits in her empty hair salon in a leafy town in northern Zambia’s Copper Belt and looks forward to better times. Read the full story

There has been a shift in the way people look at Africa,” says the head of the UN World Tourism Organisation. Africa is now considered a very serious destination for travellers from the major generating markets,” Taleb Rifai told a conference in Madrid. Read the full story

Angola’s parliament has approved a new constitution which abolishes direct presidential elections. The head of state will now automatically be the leader of the party with the parliamentary majority. Read the full story

Strong indications emerged yesterday that the government of India plans to invest a whooping sum of $1.5 trillion on infrastructural development in Nigeria and other parts of Africa in the next 10 years. Read the full story

Asian buyers, led by Chinese refiners, have bought a record 1.9 million barrels per day (bpd) of crude from Angola, Nigeria and smaller West African producers in January, up from 1.58 million barrels per day in December, 2009. Read the full story