By Mohamed Osman and Abdelkarim A Hassan Africa’s image as portrayed in the media is usually that of conflict and hunger; however, that image is rapidly changing and is quickly becoming a thing of the past. We are currently witnessing a time when Africa is filled with excitement, anticipation, and hope for a better tomorrow...
by Jean-Luc Stalon, Deputy Country Director of UNDP in Mali In Africa, many countries with sustained economic growth continue to display extreme levels of inequality and poverty. Access to higher education, with an overall rate of 7 % of the population, is the lowest in the world. Despite the continent being one of the biggest...
Dubai, UAE: The 3nd Africa Global Business Forum (AGBF), which will be held on November 17-18, 2015, has announced more than 20 African leaders will be participating, including heads of states, prime ministers and chairmen, as well as leading figures from banks and sovereign funds. The event will see the participation of: H.E. Paul Kagame,...
By Chibuike Oguh, Financial Nigeria President Muhammadu Buhari will create a $25 billion fund with public and private financing to modernize infrastructure and avoid a recession, according to Vice President Yemi Osinbajo. In an interview with Bloomberg, Osinbajo said Buhari’s government will target the investment fund toward improving power supply, roads, rail and agriculture. “We...
World Bank (WBG)- Sub-Saharan Africa countries are continuing to grow, albeit at a slower pace, due to a more challenging economic environment. Growth will slow in 2015 to 3.7 percent from 4.6 percent in 2014, reaching the lowest growth rate since 2009, according to new World Bank projections. These latest figures are outlined in the...
IF A Somali taxi driver in London wants to send earnings home to his brother, a nomad farmer, he probably uses an informal money transfer business. Going into a Somali-owned shop, he can hand over a wad of cash and within a few hours his brother will receive a text message telling him that his...
Beijing (Reuters) – China slapped a one-year ban on African ivory hunting trophy imports, the state forestry authority said on Thursday ahead of a trip by President Xi Jinping to Britain, where members of the royal family have urged China to crack down on the ivory trade. Conservationists say China’s growing appetite for contraband ivory...
Hurriyet Daily News – Turkish Airlines (THY) ranks first in connecting Africa with the rest of the world, a senior official of Turkey’s flag carrier said on Sept. 28. Company Deputy Chairman and Chief Executive Officer Temel Kotil also added the airline was the “most effective and active” company in the same interview with Anadolu...
By Manusha Pillai The World Economic Forum (WEF) last week announced the most globally competitive African nations in its 2015 Global Competitiveness Index. The Index, which looked at 140 countries, rates the top performing African countries as follows: Mauritius (46), South Africa (49), Rwanda (58), Botswana (71), Namibia (85), Côte d’Ivoire (91), Zambia (96), Seychelles...
By Afia Owusu-Nyantakyi China’s role in helping revitalize infrastructure and financial investment across Africa is gaining momentum ahead of the forthcoming Forum on China-Africa Cooperation (FOCAC) summit set to be held in South Africa in December, Kenyan expert said on Monday. Chinese investment in infrastructure development, financial and the communication sectors, which have been key...