An Analysis of Recovery Interventions by the African Development Bank

Africa’s development has been in crisis proportions for decades now.The developmental challenges include, among others, poverty eradication, high unemployment rates and poor infrastructure. This means that developmental challenges facing Africans remain monumental. Inaddition to these challenges, the 2007 global economic recession seems to have exacerbated the developmental challenges. This article is an attempt to analyse the recovery interventions by the African Development Bank (AfDB). While a literature review is undertaken in this regard, data emanating from the speeches by the President of the AfDB that has relevance to the global recession is also analysed. In this analysis, Africa’s developmentalchallenges are compared to the functions of the AfDB. This article further elucidated on the effects of recession data, with a critique of the recovery intervention

What Constrains Effective Public Financial Management in African Democracies? A Preliminary Analysis

While the management of the area of public finance is highly legislated, the waste with which these resources slip  through the public coffers remains a paradox. The purpose of this article is to examine the five self-reinforcing  variables that are mostly fingered for this dilemma. These are: (1) public finance as a political process; (2)  parameters for open and orderly public finance management dispensation (spread across the three branches or spheres of government); (3) the impact on socioeconomic costs and benefits of revenue collection and expenditure; (4) the complexity of public finance with its interrelated sub-systems; and (5) poorly organised citizenry and weak  civil society organisations that cannot demand accountability. These are major obstacles to effective public financial  management

The impact of major sporting events on the economy and the people of a developing region: the case of the 2010 Fifa World Cup tournament

This paper explores the expected economic and social impact of the 2010 FIFA World Cup on South Africa. It investigates the justifi cation for spending of public funds towards the upgrading and building of sports stadia in South Africa as a developing country, and offers an empirical survey regarding probable match attendance and ticket prices