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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.
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.
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.
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.
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.
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.
AFRICANGLOBE - With United States President Barack Obama fending-off an election year challenge from former Republican Governor and businessman, Mitt Romney, to secure a...
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...
Republican presidential candidate Mitt Romney began a new ad campaign on Monday designed to rescue his flailing campaign by offering more specifics on the...