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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.

January 4, 2013No CommentRead More

An Analysis of the Enormous Growth Opportunities in African Economy

December 7, 2012 3 Comments

AFRICANGLOBE – One of the biggest business stories of this year has been the recognition by investors and the Obama administration that the African continent is one of the best places on the globe to bring your investment dollars. That’s the message of a long analysis of the African economy done recently, saying that it [...]

New Study Details Growth of Income Inequality Across U.S.

December 4, 2012 No Comment

AFRICANGLOBE – A new study by the Center on Budget and Policy Priorities details the explosive growth in income inequality throughout the United States over the past three decades. The report, entitled Pulling Apart, is unique in that it breaks down data regarding inequality to the state level, demonstrating that “the growth in income inequality since [...]

Trade Among African Countries Essential to Sustainable Growth

November 21, 2012 No Comment

AFRICANGLOBE – Marking Africa Industrialization Day, Secretary-General Ban Ki-moon today flagged the role that trade among African countries play in achieving sustainable, inclusive and equitable growth in the continent, and called for its expansion by lowering trade constraints. “African economies are among the fastest growing in the world, yet intra-regional trade accounts only for 10 per cent [...]

How Does Africa Pursue Growth in the Midst of a Global Economic Crisis?‬

November 20, 2012 No Comment

AFRICANGLOBE – As the deep grey of the Geneva sky hung overhead, delegates gathered at the Africa CEO Forum on 20 November to discuss brighter matters. A stellar panel awaited them at this opening session. AfDB President Donald Kaberuka pointed to the large over-subscription of Zambia’s recent visit to the global capital market, revealing the [...]

With Impressive Growth, Half of Africa Now Middle Income

November 19, 2012 1 Comment

AFRICANGLOBE – Out of the all the countries in Africa, nearly half of them are considered middle-income countries based on the per capita income of their citizenry—a number that grows with each year as the African continent continues to be the second fastest growing region in the world behind Asia. Granted, the standard set by [...]

Ethiopia Sees Economic Growth at 11%

October 19, 2012 No Comment

Ethiopia’s economy is expected to maintain a growth rate of 11 percent in 2012/2013, newly-appointed premier Hailemariam Desalegn said on Tuesday, predicting a slump in crippling inflation rates that have plagued the country in recent years. “Our economy has grown by a growth rate of over 11 percent in the past few years and we [...]

Transport ‘A Pillar of African Growth’

October 9, 2012 No Comment

The African continent needs an efficient transport system to help it achieve its growth and development objectives, says South Africa’s Transport Minister Ben Martins. “There is no doubt that an effective transport system is the pillar of growth and development in Africa,” said Martins at the official opening of the 2nd Congress of the African [...]