Africa: Recession, Climate Change Hits Continent

Herald: Africa is facing difficult times. The effects of the global economic recession and climate change have already begun to reverse the progress the continent has made over the last decade. Many countries are experiencing reduced trade and economic activity, withdrawal of investors and an acute scarcity of credit. Projects are being postponed or cancelled altogether. Financial inflows are dropping, including levels of international assistance and remittances. The result is that the …