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Botswana Economy Lifts Marginally

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.

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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.

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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 second term and four more years in office, now that the dust has settled, the world steadies itself, as it prepares to observe how Obama intends to steer the United States, […]

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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 ordinary people. Incoming US Ambassador to Zimbabwe David Bruce Wharton made the admission yesterday at a media roundtable discussion in Harare and pledged to work with authorities in Zimbabwe and the […]

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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 wake of the financial crisis that erupted with the collapse of Lehman Brothers. Their calculations were based on the assessment that illusions in “hope” and “change you can believe in” generated […]

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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 notches below investment grade, from B+ because of improved financial stability. S&P’s rating coincided with that of another global credit ratings agency, Moody’s, which assigned local and foreign currency issuer ratings […]

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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 the Washington Post. The president had previously enjoyed a solid lead in The Buckeye State, but a slew of new polls suggests that the race has tightened over the past month, even as […]

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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 the Muslim Brotherhood has now it has gained political power. This has been compounded by Mursi keeping his cards close to his chest and not giving frequent interviews. It has led […]

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