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AFRICANGLOBE - Botswana's economy will grow by nearly double in 2017 compared to the previous year as Africa's largest exporter of diamonds shakes off a slump in global commodity prices and electricity shortages.
AFRICANGLOBE - African countries face many challenges in 2017, but, alongside these, there are the fundamentally positive dynamics of many of their economies, including a growing labor force, increased urbanization, and advances in technology, as I argued recently in a new Atlantic Council Strategy Paper, A Measured US Strategy for the New Africa.
AFRICANGLOBE - Despite facing economic headwinds, political corruption, and shortages in food, energy, and water, citizens in three African countries with almost 300 million people are extremely hopeful about the future of their countries.
AFRICANGLOBE - China has toppled America to become the largest economy in the world, according to figures from the International Monetary Fund. The US has been the global leader since it overtook Britain in 1872, but has now lost its status as top dog.
AFRICANGLOBE - Ethiopian officials on Saturday said a multi-billion dollar railroad project linking the nation to the port of Djibouti has been completed. The project manager, Mokenen Getachew said the 656km Addis Ababa–Djibouti electric railway trans-boundary project will be inaugurated next month.
AFRICANGLOBE - Ernst & Young forecasts FDI into Ethiopia will average $1.5 billion each year for the next three years and predicts the country will be a leading manufacturing hub in Africa in the next decade.
AFRICANGLOBE - ETHIOPIA, the cradle of humankind, has shown vast progress in recent years. Besides stunning population growth to become the second largest country in Africa with over 90 million inhabitants, it is also experiencing strong economic development.
AFRICANGLOBE - Much of the recent economic growth enjoyed by large parts of Africa has been a direct result of the positive momentum achieved in oil and gas production. The fact that this momentum has been driven by existing producers like Nigeria, Angola, Algeria as well as investment in new producing countries like Ghana, Mozambique, Tanzania, Uganda and Kenya, augurs very well for the future of oil and gas in Africa and for the potential for economic growth overall on the continent.
AFRICANGLOBE - Booming West African cities such as Lagos, Abuja and Accra have received a great deal of attention and FDI over the past decade in response to their population growth, economic growth, dynamism and promise. While we expect to see these cities continue as primary investment destinations, domestic and foreign investors alike are always looking for the next big thing
AFRICANGLOBE - The beneficiation of minerals took centre stage on Sunday, with incoming SADC chairperson and Zimbabwean President Robert Mugabe saying the SADC's goal to drive short- and long-term economic growth would be realised only if the region beneficiated its minerals.
AFRICANGLOBE - The Economist Intelligence Unit has released its projections for economic growth in 2014, including the economies that are expected to grow the most this year. The results are telling – and have implications way beyond these 10 countries.
AFRICANGLOBE - Several African countries have enjoyed economic growth in recent years - but there are fears that a failure to develop manufacturing could prove to be costly.