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AFRICANGLOBE - The Egyptian stock market has emerged the most appreciating stock market in the world for the just concluded year, as investors were rewarded with a 49.56 percent yield-to-date (YTD) return on investment from the Egyptian Exchange (EGX).
AFRICANGLOBE - While the fiscal cliff deal that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013. That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring.
AFRICANGLOBE - Africa still evokes in the minds of many some mix of corruption, disease, war, and poverty -- the Four Horsemen of Africa's Apocalypse. Indeed, the economic crisis has fueled a whole new round of such worries. But the perpetual hand-wringing over the continent's dreadful state misses a broader trend: Africa is rising, and it could emerge from the crisis stronger than most people think.
AFRICANGLOBE - Are Republicans – now summoned back to Washington by Speaker Boehner — about to succumb to public pressure and save the nation from the fiscal cliff? Don’t bet on it. Even if Senate Minority Leader Mitch McConnell cooperates by not mounting a filibuster and allows the Senate to pass a bill extending the Bush tax cuts to the first $250,000 of everyone’s income, Boehner may not bring it to the House floor.
AFRICANGLOBE - African Diasporan MBA students from leading Western business schools have affirmed their conviction in Africa's potential for fostering small-to-medium sized enterprises (SMEs). 70 percent will work in Africa after graduation, according to a new survey by Jacana Partners, the pan-African private equity firm
AFRICANGLOBE - About 33 percent of all eligible voters cast their vote in Egypt's constitution referendum, head of the commission overseeing the referendum Judge Samir Abul Maati said on Tuesday.
AFRICANGLOBE - Lifan Industry Group Co., a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager Liu Jiang said.
AFRICANGLOBE - Nearly 6.5 million U.S. teens and young adults—disproportionately Black and other ethnic minorities—are neither working nor in school, the very things they...
AFRICANGLOBE - Ghana's interim President John Dramani Mahama has been declared winner of the weekend presidential elections after garnering 50.7 percent of the vote. The...
AFRICANGLOBE - Around The Way, a New York-based company, and Clearly Innovative, a Washington, D.C.-based mobile-app development firm, have launched a mobile app that...