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AFRICANGLOBE - Companies listed on the London Stock Exchange control over $1trillion worth of Africa’s resources in just five commodities – oil, gold, diamonds, coal and platinum. They have mines or mineral licences in 37 African countries and control vast swathes of Africa’s land: their concessions cover a staggering 1.03 million square kilometres on the continent. This is over four times the size of the UK and nearly one twentieth of Africa’s total land area. The ‘Scramble for Africa’ is proceeding apace, with the result that African governments have largely handed over their treasure.
AFRICANGLOBE - What I set out to do in this piece is to map out 10 of the most well-known countries on the continent. I must, however, point out that it was not easy to choose the 10 out of 54 African countries. My choice is thus subjective, but I have tried to point out why these countries deserve to be on this list. I have based my selection on the basis of history, geography, political influence, culture, personalities and accidents/incidents.
AFRICANGLOBE - On the sidelines of its campaign for membership in the Nuclear Suppliers Group (NSG), India is likely to ask African countries to relax commitment to the Pelindaba Treaty which controls supply of uranium from key mineral hubs of Africa to the rest of the world.
AFRICANGLOBE - Last week, 13 wealthy European tourists descended on three farms near the rural South African town of Alldays , where one of the most shameful events ever conceived had been planned for their amusement.
AFRICANGLOBE - Zimbabwe’s President, Robert Gabriel Mugabe is the world’s most educated President with 7 degrees, two of them are Masters. Ethiopia’s economy is growing faster than China’s. Check out these and many other amazing facts about Africa.
AFRICANGLOBE - As the second-fastest growing region in the world, Africa has enjoyed robust economic growth in recent years. Most African countries that are today considered low income will transit to middle income within 15 years.
AFRICANGLOBE - The Ghanaian capital of Accra is expected to add dollar millionaires at the fastest rate of any African city over the next decade, as a stable political climate and developed banking system help boost financial services, telecommunications and property development.
AFRICANGLOBE - While other major African airlines, including Kenya Airways and South African Airways, slid into loss, Ethiopian Airlines has grown its revenue and expanded its routes to become the most networked carrier on the continent.
AFRICANGLOBE - Next time President Jacob Zuma sends a government delegation outside the country to learn how other governments run state companies he must consider an unlikely tutor, Ethiopia. Poor as it is compared to South Africa, Ethiopia can teach our government officials a thing or two on how to run state companies profitably without bleeding state coffers.
AFRICANGLOBE - Africa still has huge potential, with its rapidly growing working age population and huge relatively unexploited market of more than 1-billion people. Now, if ever, is the time for its economies to implement structural reforms to speed up growth and cut poverty.
AFRICANGLOBE - The African Union is preparing to launch its African Standby Force in December. In October and November 2015, the continent’s armies will meet for a joint field training exercise called Amanai Africa II in South Africa. The exercise is aimed at developing the ASF to its full operational capability by the end of the year. We take a look at the top 10 most powerful armies on the continent.