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Tony Elumelu Advocates for ‘Africapitalism’ As the Solution for Africa’s Development

Tony Elumelu Advocates for ‘Africapitalism’ As the Solution for Africa’s Development

AFRICANGLOBE – Charity and aid have failed Africa and its leading entrepreneurs are now driving the continent’s development agenda. This was the sentiment of Tony Elumelu’s speech, described by many as “powerful,

Africa – The Next Twenty Years

AFRICANGLOBE – The general trajectory of change in Africa over the last sixty years has to a large degree set parameters that will govern what it can expect over the next twenty years. Such a premise provides little to suggest that future political and economic change will come in other than uneven and modest increments.

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Ethiopia Welcoming More Chinese Manufacturers

AFRICANGLOBE – As China’s labor, manufacturing and resources costs continue to rise, Ethiopia, one of the fastest developing countries in the world is hoping Chinese companies will consider opening more factories there. “China is one of our country’s main donors in building infrastructure, a big constructor and a major technology provider,” said Seyoum Mesfin, Ethiopian ambassador to China.

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South Africa: Explosive Strikes, a Ticking Time Bomb

AFRICANGLOBE – Africa’s largest trade union movement, the Congress of South African Trade Unions (Cosatu) has warned that strikes in South Africa remain a ticking time bomb needing to be addressed urgently. Strikes were commonplace in South Africa in 2012 with the most explosive being in key sectors like mining, agriculture, and the transport industry.

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China Offers Broader Relationship With Africa Than U.S. – Experts

AFRICANGLOBE – China’s business and development model in Africa differs sharply from that of the United States, as it is offering African countries a broader relationship, U.S. according to a group of experts.

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ANC Conference: Nationalisation Off the Table

AFRICANGLOBE – The ANC’s national conference has resolved that wholesale nationalisation is “off the table”, ANC economic transformation policy commission head Malusi Gigaba said on Thursday. “The national conference has refused to be drawn into the word ‘nationalisation’,” he told reporters in Manguang. “National conference was eager we provide final clarity on the issue. The [...]

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Zimbabwe Backs Nanotechnology As Route to New Drugs

AFRICANGLOBE – The Zimbabwean government has shown signs of embracing nanotechnology, earmarking it for extensive funding from the science ministry’s 2013 budget for new programmes. According to Rungano Karimanzira, director of commercialisation of research and development at the ministry, 60 per cent of the new programme funding has been allocated to nanotechnology – a move [...]

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Nigeria’s Shea Butter Market Can Yield $2 Billion Yearly – Experts

AFRICANGLOBE – Speaking at a briefing on the forthcoming 6th International Shea Industry Conference organised by the Global Shea Alliance (GSA), experts have revealed that Nigeria’s largely untapped Shea butter market can yield $2 billion annually. The Global Shea Alliance is the coordinating body for the development of the shea butter industry worldwide. The conference is an annual gathering [...]

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Little Change in China-Africa Relations Likely Under Jinping

AFRICANGLOBE – How will Africa’s interest be bargained under China’s new leadership? This is the question that has generated interests among African pundits ahead of the 2013 inauguration of China’s president-elect, Xi Jinping. But for all the eagerness, the pro-markets, pro-reform tendencies of Jinping can only build on an already thriving Sino-African relation. Under outgoing President [...]

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