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Tag: economy

China As The World’s Largest Economy: What It Means For US...

AFRICANGLOBE - The news that China will displace the US as the world’s largest economy this year is big news. For economists who follow these measurements, the tectonic shift likely occurred a few years ago. But now the World Bank is making it official, so journalists and others who opine on world affairs will have to take this into account. And if they do so, they will find that this is a very big deal indeed.

Nigeria’s Economic Expansion Dwarfs BRIC’s Combined Growth

AFRICANGLOBE - Nigeria’s unprecedented economic growth rate, especially with data recorded in 2012 and 2013, has seen its economy surpass the combined average for BRIC (Brazil, Russia, India, and China) countries.

Ethiopia’s Economy to Expand By 11.3 Percent In 2013

AFRICANGLOBE - Ethiopia's economy is estimated to expand by 11.3 per cent in the 2012/13 budget year. This is according to a 9 month performance reported to the Budget and Finance Affairs Permanent Committee of the Parliament by Sofian Ahmed, Ethiopia's Minister of Finance and Economic Development.

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.

Botswana Economy Lifts Marginally

AFRICANGLOBE - Botswana’s economy lifted 1.1 percent quarter-on-quarter in the third quarter of 2012, it was announced on Thursday. According to the Central Statistics Office showed that this is after rising by a revised 0.3 percent in the second quarter.

Zimbabwe’s Economy On Recovery Path

AFRICANGLOBE - Zimbabwe's Finance Minister says his country’s economy is on the path to recovery after decades of decline and will meet all its financial obligations for this year. . Cars speed along in Harare, Zimbabwe’s capital city. The formation of a coalition government in 2009 by President Robert Mugabe and Prime Minister Morgan Tsvangirai has led to the sound of constant activity in the city.

Ethiopia: The Awakening of a Sleeping Giant

When you walk on the streets of Addis Ababa in Ethiopia, it feels like the city is one big building site. Anyone with some money to invest is clearly putting it into property in this growing urban centre. Construction can be a good sign in a developing country. Not only does it provide employment in the short term but infrastructural development supports the growth of other economic sectors in the long-run.

What President Barack Obama’s Second-Term Means For Africa

AFRICANGLOBE - With United States President Barack Obama fending-off an election year challenge from former Republican Governor and businessman, Mitt Romney, to secure a...

US Admit Sanctions Destroyed Zimbabwe’s Economy

AFRICANGLOBE - The United States government has, for the first time, admitted that the illegal sanctions it imposed destroyed Zimbabwe's economy and were hurting...

A Major Shift In the Global Economy

In the run-up to the American presidential election of 2008, significant sections of the U.S. population took the decision to back Obama in the...

Moody’s Upgrade Set to Boost Nigeria’s Economy

Standard & Poor's (S&P), an international ratings agency, Wednesday upgraded its long-term foreign and local currency sovereign credit rating on Nigeria to BB-, three...

Challenged in Ohio Romney Turns to Slavery Ads

The key swing state of Ohio is officially a “tossup” capable of going to either President Barack Obama or his Republican challenger Mitt Romney, according to...

Assessing Mohamed Mursi, Egypt’s Islamist President

It appears nobody knows how to judge Mohamed Mursi, Egypt's first freely-elected president. There is still confusion over what programme and vision for Egypt...

Africa is No Longer a Place to Pity — It is...

British Prime Minister David Cameron has restated his promise of keeping up Britain’s foreign aid bill. In the next year a whopping £12billion, 0.7 per...

Romney Campaign Changes Strategies Amids Criticism

Republican presidential candidate Mitt Romney began a new ad campaign on Monday designed to rescue his flailing campaign by offering more specifics on the...

How Africa Can Leverage China

Low income economies within Africa may be set to benefit from China's increased international outsourcing of labour-intensive manufacturing. The recent FOCAC (Forum on China Africa...

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