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AFRICANGLOBE - Northern Nigeria is at a crossroads. Finally delivering the leader they have been waiting for- this year marks what many Nigerians are hoping is a new era for the country, but the north in particular. Marred by ethnic and religious conflict, and poor economic development, Nigeria’s poorest states are concentrated in the north.
AFRICANGLOBE - Nairobi recently emerged the smartest city in Africa, creating in the process an incentive for other continental cities to join the bandwagon. In a very recent development, the Government of the Republic of Rwanda has entered into an official agreement with Ericsson, a key Communications and Technology Services provider, to kick-start the smart Rwanda project.
AFRICANGLOBE - Like a true phoenix, Africa is rising from the ashes of despondence and wretchedness and, as validated by the rest of the world, is seeing an absolutely unprecedented explosive growth and economic development driven by socio-political stability, the rise of the middle class citizen, and the seemingly sudden realization by international investors that the continent offers some of the highest returns on investment in the world.
AFRICANGLOBE - Last week, China signed its largest single overseas contract project – a $12 billion deal to build a 22-stop railway along the coast of Africa’s most populous country Nigeria. The facility will span 1,402 kilometres in length and link Nigeria’s economic capital, Lagos, in the west with tourist destination, Calabar, in the southeast.
AFRICANGLOBE - Africa’s leading oil-exporting state Nigeria has been designated by the West as Africa's largest economy yet the security situation inside the country is deteriorating. The Pentagon recently concluded naval maneuvers off the coast in the Gulf of Guinea while cooperation on military and intelligence affairs with the United States has reached an unprecedented level.
AFRICANGLOBE - In the Black community what the rest of the world already knew and had been capitalizing on for a very long time. This crystallized into a realization: Black Culture Sells. And it is a very profitable commodity.
AFRICANGLOBE - The Special Envoy of China on African Affairs, Ambassador Zhong Jianhua, on Monday said that Africa’s economic development and industrialisation could surpass China’s, if the continent would see Chinese businesses operating in it as healthy economic competition instead of exploitative instruments.
AFRICANGLOBE - The rapid increase in the number and size of African pension funds arguably matters more than any other single trend in the continent's economic development.The pace at which pension funds have grown is staggering.
At the turn of the millennium, The Economist controversially described Africa on its front cover as The Hopeless Continent, but came up with the more optimistic cover line The Hopeful Continent last year. Whatever development path African countries are taking, few would deny the rapid progress that has taken place over the past two decades.
The World Bank has endorsed a $1,15 billion interest free loan to Ethiopia under its country partnership strategy (CPS) that will help the Horn...
The publically-owned Zambezi Valley Development Agency is to invest more than 200 million US dollars in a range of projects to promote social and economic development in the region, according to the daily newspaper "Noticias". The projects will be implemented between now and 2014 covering the areas of agriculture, fisheries, agro-processing, agro-industry, and regional planning and infrastructure.