28 March, 2009

Marginalisation may save Africa

Guardian, G Pascal Zachary
Africa's cash-based economy has in the past constrained development. After all, by allowing people to spend more than they have, borrowed money can fuel growth. But today, Africa's pay-as-you-go practices are a powerful defence against financial contagion.

Zimbabwe: Farm Seizures Assailed

New York Times, Celia W. Dugger
Prime Minister Morgan Tsvangirai called on Friday for the two ministers who share control over the police — one from his party, one from President Robert Mugabe’s ZANU-PF party — to ensure the arrests of all the people illegally seizing white-owned commercial farms.