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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.

January 3, 2013No CommentRead More

Nigeria’s Economy Oficially the Larrgest in Africa After Overtaking South Africa

January 1, 2013 No Comment

AFRICANGLOBE – Nigeria has achieved impressive economic growth between 1999 and 2010, as the economy grew fifteen fold from US$36 to nearly US$555 billion, according to “The 2012 Gender in Nigeria Report by the British Council, Nigeria”. The report states that the figure of US$555 billion “may even be an underestimate

Zimbabwe’s Economy On Recovery Path

December 28, 2012 No Comment

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

December 18, 2012 No Comment

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.

Africa, Asia to Overshadow U.S. Europe by 2030 – Intelligence Report

December 13, 2012 4 Comments

AFRICANGLOBE – A major new long-range report by the U.S. intelligence community suggests that the U.S. economy, currently the world’s largest, could be eclipsed by China’s by 2030. While the study, the result of four years of analysis by the U.S. National Intelligence Council (NIC), forecasts that the United States will remain a central player, NIC [...]

Zambia’s Economy Moving Forward

November 30, 2012 No Comment

AFRICANGLOBE – Zambia’s President Michael Sata has said Government will ensure that Zambia is fully integrated into the global economy to enhance job and wealth creation across all disciplines. Mr Sata said Government had also accelerated diversification of the economy and moved away from supplying unprocessed natural resources. He said this in Livingstone yesterday during [...]

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

November 18, 2012 2 Comments

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, [...]

US Admit Sanctions Destroyed Zimbabwe’s Economy

November 17, 2012 3 Comments

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 [...]