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Rwanda Registers Fastest-Growing Economy in Africa

AFRICANGLOBE - Rwanda's general economic environment was characterised by several upward and downward spirals that were nonetheless kept within control limits. Growth and development was normal, but most importantly, Rwanda maintained its position as a leading investment-friendly destination in Africa.

Ghana: No Clear Winner Yet in Presidential Election

AFRICANGLOBE - There is no certain winner yet in Ghana's presidential election even though incumbent President John Dramani Mahama is thought to be in...

3 African Countries Ranked Among Top Tourist Destinations In The World

AFRICANGLOBE - Mozambique, Malawi and Rwanda have been named among the top tourist destinations in the world and among the top ten adventurous places...

Nigeria Records U.S.$35.44 Billion Forex Inflow

AFRICANGLOBE - The Central Bank of Nigeria (CBN) has disclosed that a total forex inflow of $35.44 billion was realised by the country as...

Fiscal Cliff Approaches as Republicans Reject Obama’s Plan

AFRICANGLOBE - So much for those post-election hopes that the parties would reach a deal to avoid the looming fiscal cliff. Leading Republicans have...

Demographic Blowback: Race, Class and the US Election

Race, far more than gender, was the key to victory in the recent US election. “White women still gave Romney a greater share of...

Ethiopia: A Single Digit Inflation by All Means

AFRICANGLOBE - Ethiopia has recorded an impressive drop in its inflation rate from 19 percent in September to 15.8 per cent in October, after...

Nigerian Manufacturers Urge Govt to Reject Economic Agreement With EU

The Manufacturers Association of Nigeria (MAN Tuesday warned the Federal Government not to follow the road map leading to the signing of the Economic...

Nigerian Firms Buying Out Foreign Oil Companies

AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...

South African Census Shows Huge Disparities in Wealth Remain

Incomes in South Africa have more than doubled in the last 10 years, but, 18 years after the end of apartheid, White households still...

Nigeria: Foreign Reserve Hits U.S.$42 Billion

Nigeria's foreign external reserves last week hit $42 billion as international rating agency, Fitch put the country's Long-term foreign and local currency Issuer Default...

Zambia: Budget Heralds New Era for the Country

The Zambian people welcome the national Budget for fiscal 2013 presented to Parliament yesterday by Finance Minister, Alexander Chikwanda, for it signals not only...

Nigeria’s Oil Prosperity Not Guaranteed

The World Bank said Thursday that it expected about $31 billion in Foreign Direct Investment (FDI) inflows to Africa this year, adding that there...

African Land Sold in Last Decade Could Grow Enough Food to...

World Bank must freeze investments to protect poor people from land grabsLand eight times the size of the UK was sold off globally in...

Nigeria: The World’s Next Economic Giant

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes. Peter DruckerPeter Drucker the management expert in...

Nigeria to Increase Share of Offshore Oil Profits

Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, late Wednesday threw more light on why the Nigerian Government is proposing a review of the...

Nigerian Economy Grows 6.28 Percent

The Nigerian economy grew by 6.28 per cent in the second quarter of this year, driven by non-oil sector growth, while inflation fell for...

Tanzania Set to Start Production of LNG

AT last, the Tanzanian government has started its quest to develop a liquefied natural-gas export project in the form of liquefied natural gas (LNG)...

Nigeria: Where Is the New Economy?

In 40 years, Nigeria's population will be approaching 400 million - if you believe the population figures. Before then (29 - 40 years), Nigeria's...

U.S. Oil Firm Begins Search off East Africa

US oil and gas explorers Apache Corporation estimates that within the next 60 days, it will have drilled the targeted 3,250 metres depth at...

China Replaces United States As Nigeria’s Number One Crude Oil Importer

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has said China had become the alternative market for Nigeria's...

Africa’s Seven Fastest Growing Economies

Only whisper it, but economic boom is coming to Africa. Yet this boom is not just coming from the continent’s natural resources, though they...