Thursday, April 27, 2006

Good news from Africa: EA Bourses to Be Integrated and Vigin gives millions to Africa's poor

A few quick news items of note on Africa

Reading Jeff Sach's "The End of Poverty" coupled with my brothers' (Pat's) trip to Ghana as part of a medical group that worked in hospitals and an orphange have brought the suffering that occurs in Africa to the forefront of my thinking of late (and adding to my RSS readers didn't hurt either!), so today I will share some good news from the often forgotten continent. East Africa: EA Bourses to Be Integrated By Year's End:
"Nairobi: The three East African bourses will before the end of the year be integrated through automated trading systems that will allow electronic trading.

The automated trading systems will be installed at the Uganda Securities Exchange (USE), Nairobi Stock Exchange (NSE) and the Dar es Salaam Stock Exchange (DSE) to make trade faster and more efficient for investors who will also hold electronic accounts.

The automated systems will be a culmination of a project of the East African Securities Regulatory Authority that was started in 1997 and will be a milestone in the integration of the region's capital markets"
The second article is on Richard Branson's efforts to help the African poor.

"BBC NEWS | Magazine | Branson on wealth:

"How does it feel to go to an impoverished part of Africa when you're a multi-millionaire?

'Anyone would feel an enormous sense of guilt going to one of these places - and if you're in a position to do something about it you've got to make an effort,' says Sir Richard Branson.

The Virgin boss... is increasingly engaged in the serious business of supporting health and education projects in Africa"

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