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South Africa Is In Crisis – A Must Read

South Africa Is In Crisis – A Must Read

AFRICANGLOBE – Something is indeed rotten in the state of South Africa when the very symbol of our democracy can be subjected to such action, with legislators being punched, manhandled and knocked to the floor. And it is time the national executive committee of the ANC recognised that it is President Jacob Gedleyihlekisa Zuma who is the root cause of the rot.

Africa Is A Chess Board Again As US And China Face Off

AFRICANGLOBE – Africa has long been a battleground for world powers. Two giants playing there these days are China, which is spending freely throughout the continent to scoop up resources and tap some of the fastest-growing economies, and the US, which is looking to do more business. Both Chinese and US companies expect to profit from their African stakes. The question is whether Africans will win or lose.

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Anglo-Saxon Buffoons Versus Global South

AFRICANGLOBE – Here is the just-ended G20 meeting in Australia in a one-liner: a tiny bunch of Anglo-Saxon political buffoons attempts to drown out the Global South.

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Kenya, Nigeria, And Africa’s New Hope For Growth

AFRICANGLOBE – Africa’s economy is forecast by the International Monetary Fund to grow 5 percent next year, one of the fastest rates in the world. Kenya and Nigeria are among 16 African countries whose economies are expected to expand more than 6 percent, according to the IMF.

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Africa’s Largest Solar Farm Comes Online

AFRICANGLOBE – The 96 MW installation is Africa’s largest solar power project. About 325,000 photovoltaic modules will deliver 180,000 megawatt-hours of renewable electricity annually to region. That’s enough to power 80,000 homes.

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Nigerian Billionaires Dominate Africa Rich List

AFRICANGLOBE – Nigeria has more billionaires than any other country in Africa, including the continent’s wealthiest man and the world’s richest Black woman, according to a ranking published this week. The collective wealth of Nigerians on the rich list stands at $77.7bn, more than double that of South Africans and almost as much as the rest of the continent’s billionaires combined.

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EU Sanctions Cost Zimbabwe $100 Billion In Revenue

AFRICANGLOBE – Zimbabwe lost more than $100 billion in potential revenue from exports and tourism due to sanctions imposed by the European Union (EU), a Cabinet minister has claimed. The EU slapped President Robert Mugabe and his inner circle with a travel embargo in 2002 for reclaiming the country’s land from European settlers.

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Think Zimbabwe Is A Basket Base? Just Wait; It Could Become Region’s Hottest Economy

AFRICANGLOBE – It might not look likely today, but the unique circumstances in Zimbabwe give it the potential to become one of the most economically successful countries in Southern Africa. Rich in minerals, human capital, and opportunities in technology and finance, it has the raw materials to create a wildly successful economic environment.

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This State Is Ranked As Africa’s Most Prosperous Country

AFRRICANGLOBE – According to Africa Prosperity Report, this country is the most prosperous in Africa. The country is described as a development success story by the World Bank. The economy has been growing at an average annual rate of 4.6 percent between 1994 and 2011.

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