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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.
AFRICANGLOBE - German propagandists are going one step further and are beating the drums for new wars in Africa. Given the deep international economic crisis, which has now also afflicted the developing economies. Africa is of special interest. The German business elite wants to secure the raw materials and growing markets there.
AFRICANGLOBE - Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom. All that stands in his way is the world’s biggest cement maker French company LafargeHolcim Ltd.
AFRICANGLOBE - “At the highest level, Africa is similar to any other private investment – investors must take on risk to pursue an addressable market opportunity. What makes Africa unique is that incremental dollars invested into Africa will begin to unlock a previously inaccessible market of equal or greater size than Africa today,”
AFRICANGLOBE - Rwanda and Ethiopia have suggested new development models they believe can help Africa break away from the prescribed Western models. African leaders of the two countries and those from other states agreed that Africa should stop being bullied into “accepting policies that misrepresent us and do us harm in the end.”
AFRICANGLOBE - From 1961 to 1992, one of Moscow’s most prestigious schools bore the name of Patrice Lumumba, the Soviet-supported Congolese independence leader brutally executed in 1961. Patrice Lumumba University recruited and educated generations of foreign leaders, especially African leaders, and was just one of the many ways in which the Soviet Union cultivated ties with Africa.
AFRICANGLOBE - The world’s population is currently estimated to be 7.3 billion—with one billion of these added in just the last 12 years. Sixteen per cent, or 1.2 billion of those people live in Africa, while the vast majority of 4.4 billion, or 60% are in Asia. This gap will be steadily and determinedly chipped at this century.
AFRICANGLOBE - Africa's wealthy elite is expanding at a dramatic pace. In fact, according to a report by New World Wealth, the number of African millionaires has risen at twice the pace of the rest of the world in the last 15 years. Though huge parts of Africa remain locked in extreme poverty, it's impossible to miss the emergence of ultra-wealthy individuals.
AFRICANGLOBE - Population shifts do not come around very often, but a big one is coming, and Africa will be right in the middle of it, a major new report shows. Unicef’s Generation 2030/Africa Report reveals a massive movement in the world’s population towards Africa, including some startling facts that will have policymakers tearing up long-held economic projections.
AFRICANGLOBE - It was not surprising when American President Obama told Africans in Kenya to go homosexual. Barack Obama’s speeches on his recent visit to Kenya and Ethiopia did not show any sign that the American government’s condescending policy towards Africa has changed. His lecturing African leaders on “democracy” and “values”, was reflective of the old policy of dictating to non-Western nations on how they must conduct their national affairs.