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‘Africa Is Doing Amazing – It’s Our Turn To Shine’

‘Africa Is Doing Amazing – It’s Our Turn To Shine’

AFRICANGLOBE – The Indian Tiger and the Chinese Dragon have had their days and it’s now the African Lion’s turn. And it genuinely is — this is our turn.

One Of Africa’s Richest Women To Acquire Stake In Portuguese Electromechanics Company

AFRICANGLOBE – One of Africa’s richest woman Isabel dos Santos is reportedly finalizing a deal to acquire a majority stake in Efacec Power Solutions, a Portuguese electromechanics company. According to Portuguese newspaper Diário Económico, the Angolan businesswoman will pay more than $200 million for a majority stake in the company which manufactures power transformers, mobile substations, and distribution transformers.

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South Africa Losing Its Grip As One Of Africa’s More Advanced Tech-Powered Economies

AFRICANGLOBE – South Africa slid five places to 75th in the World Economic Forum (WEF’s) global information and communication technology (ICT) rankings. The space between South Africa and other competing countries from Africa is also gradually shrinking.

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Business Exchange: Are Blacks Losing Momentum?

AFRICANGLOBE – Blacks made significant strides in legislation and economics over the past 40 years. Washington, D.C., and Atlanta, Georgia are prime examples of Blacks’ successes circa 1970s, ’80s and 90s. The cities were seats of power in government and politics. Black mayors and legislators in these cities spawn the nation’s two wealthiest majority-Black counties.

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In Africa, Moving From Brain Drain To Brain Gain

AFRICANGLOBE – Though Africa may be thought of as a place where developed nations send aid, in reality, its educational system has long been underwriting the healthcare needs of developed countries.

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This Is Where Africa’s Multimillionaires Live

AFRICANGLOBE – If the growth continues, these cities could join an existing club of African wealth hubs hosting the so-called ultra-high net worth individuals, typically those with over $30 million of net assets excluding their primary residence. These centers of affluence are spread from Johannesburg in the south, through Lagos in the west and Nairobi in the east, to Cairo in the north.

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With Cameroon And Senegal Clinched, Dangote’s Quest For Cement Domination Hitting Top Gear

AFRICANGLOBE – Nigeria’s largest cement manufacturer, Dangote Cement, is fast on track to expand into 13 other African nations as production on a $150 million plant in Cameroon has commenced. The company added in a statement on Tuesday that it has also inaugurated a further 1.5 million Metric Tonnes Per Annum (mmtpa) capacity to its Senegal plant in Pout this January.

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Grand Renaissance Dam – A Symbol Of Ethiopia’s Rebirth

AFRICANGLOBE – Marking four years since construction of the Grand Ethiopian Renaissance Dam began, the head of the power utility, Azeb Asenake, says the most challenging part of the mechanical and construction work has been completed.

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For The First Time, The Number Of Black Entrepreneurs Has Surpassed That Of Whites In Brazil

AFRICANGLOBE – For the first time, the number of Black entrepreneurs has surpassed that of whites in Brazil. Research by Sebrae (1) points out that between 2002 and 2012, the percentage of micro and small entrepreneurs who declared themselves pretos (Blacks) or pardos(browns) rose from 44% to 50%.

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