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Rwanda Registers Fastest-Growing Economy in Africa

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 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 […]

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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 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 […]

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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 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 […]

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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 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 […]

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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 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 […]

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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 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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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 Partnership Agreement (EPA) between the European Union (EU) and the Economic Community of West African States (ECOWAS). MAN also recommended that the entire negotiation process be subjected to a complete review. […]

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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 of a jointly held stake in seven oil blocks within the last two years. The multinationals were said to have sold a 45-per-cent stake in the seven oil concessions in five […]

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