Africa currency management improved - World Bank

African states rebounding from the global downturn are far better-placed than in the past to ensure currencies do not become overvalued and damage competitiveness, a top World Bank official said on Saturday.

World Bank MD Ngozi Okonjo-Iweala said, however, that rising capital inflows could become a concern as African countries attract more money from short-term investors seeking higher returns.

Global currency tensions are at the centre of discussions at meetings of the International Monetary Fund and World Bank in Washington this weekend.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

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