Kenyan MPs vote to increase their pay despite protests

Kenyan MPs have voted to raise their salaries in defiance of proposals to cut pay.

The vote suggests a monthly salary of about $10,000 (£6,540). The average annual salary in Kenya is about $1,700.
President Uhuru Kenyatta had asked the MPs to accept the pay cuts in order to free up funds for the creation of jobs.

World Bank, WWF to intensify collaboration in Africa’s extractive industries

The World Bank World and the Wildlife Fund (WWF) have signed a memorandum of understanding to intensify collaboration in Africa’s extractive industries, and jointly support more sustainable extractive industry practices that provide benefits to local communities and protect the environment.
The MOU commits the two institutions to share knowledge and expertise relating to the extractives sector in Africa, utilize and leverage existing resources, collaborate on research and dissemination of good practices, provide policy guidance, boost collaboration with other entities, and jointly host seminars,

Up to $1.4 trillion siphoned out of Africa in 30 years – Report

The African continent suffered an economic loss of between $597 billion and $1.4 trillion in a 30-year period from 1980 to 2009 in net resource transfers through licit and illicit ways, according to a new report published May 29, 2013.
“Between 1980 and 2009, the economies of Africa lost between $597 billion and $1.4 trillion in net resource transfers away from the continent,” said the report titled “Illicit Financial Flows and the Problem of Net Resource Transfers from Africa: 1980-2009″.