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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.

January 4, 2013No CommentRead More

Nigeria’s Economy Oficially the Larrgest in Africa After Overtaking South Africa

January 1, 2013 No Comment

AFRICANGLOBE – Nigeria has achieved impressive economic growth between 1999 and 2010, as the economy grew fifteen fold from US$36 to nearly US$555 billion, according to “The 2012 Gender in Nigeria Report by the British Council, Nigeria”. The report states that the figure of US$555 billion “may even be an underestimate

Ghana: No Clear Winner Yet in Presidential Election

December 9, 2012 1 Comment

AFRICANGLOBE – There is no certain winner yet in Ghana’s presidential election even though incumbent President John Dramani Mahama is thought to be in the lead. After three days of what has been touted as a keen contest, several media outlets have the president at a little over 50 per cent of votes in provisional [...]

3 African Countries Ranked Among Top Tourist Destinations In The World

December 2, 2012 No Comment

AFRICANGLOBE – Mozambique, Malawi and Rwanda have been named among the top tourist destinations in the world and among the top ten adventurous places for 2013 by Globe Spots, an international travel guide for tourists. Mozambique placed second, Rwanda ranked sixth while Malawi was rated as the ninth top destination to travel globally. Portugal was ranked [...]

Nigeria Records U.S.$35.44 Billion Forex Inflow

November 30, 2012 No Comment

AFRICANGLOBE – The Central Bank of Nigeria (CBN) has disclosed that a total forex inflow of $35.44 billion was realised by the country as at June this year, compared to $28.85billion as at the end of June 2011. The central bank stated this in its Economic Report for the first half of 2012, posted on [...]

Fiscal Cliff Approaches as Republicans Reject Obama’s Plan

November 30, 2012 No Comment

AFRICANGLOBE – So much for those post-election hopes that the parties would reach a deal to avoid the looming fiscal cliff. Leading Republicans have trashed Obama’s plan as “totally inadequate” and a “non-starter”. The clock is ticking. It is just weeks before that end of year deadline, when unless Republicans and Democrats manage to agree [...]

Who Really Controls the African Union?

November 24, 2012 No Comment

AFRICANGLOBE – Who funds the African Union? Africans can not champion their own solutions when they can’t pay for them. Financing Africa’s unification by outside sources endangers genuine development and self-respect. On Monday 15 October 2012, Dr Nkosazana Dlamini-Zuma began her tenure as the Chairperson of the African Union Commission (AUC). Her election at the [...]

Demographic Blowback: Race, Class and the US Election

November 19, 2012 No Comment

Race, far more than gender, was the key to victory in the recent US election. “White women still gave Romney a greater share of their vote than they gave John McCain in 2008.” But the big winner was money: both candidates had plenty of corporate donors. The race and minority factor was very important in [...]

Ethiopia: A Single Digit Inflation by All Means

November 14, 2012 No Comment

AFRICANGLOBE – Ethiopia has recorded an impressive drop in its inflation rate from 19 percent in September to 15.8 per cent in October, after new Ethiopian Prime Minister Desalegn Hailemariam promised to slice inflation to a single digit. In October, Hailemariam debunked a projection from the International Monetary Fund (IMF) and World Bank that Ethiopia’s [...]

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