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Nigeria’s Billionaire Debtors and the Economy

AFRICANGLOBE - Access to credit, or a lack thereof, by consumers and businesses in capitalist and mixed financial systems usually serves as a major...

Kenya: ‘MPs are Thieves and Greedy Hyenas’

Demonstrators marched in the Kenyan capital on Tuesday after lawmakers voted themselves a $110 000 send-off bonus, with tax hikes expected to pay for...

Ivory Coast to Build Massive Hydro-Power Station Withe Chinese Loan

The Ivory Coast will see construction of a 275 megawatt hydro-power plant, funded by China’s Export-Import Bank (Exim), begin by the end of 2012 in...

Indian Company Invests $55m In Ethiopian Steel Project

Aarti Steel Plc has inaugurated a one billion birr ($55 million) steel producing factory in Ethiopia's Oromia Regional State, in a somewhat unusual foreign...

Corruption – a Global Problem or an African Cancer?

Is African corruption unique, or is it just like corruption in the many other parts of the world? Citizens of African countries tend to...

Uganda Set to Showcase its Mineral Wealth

Uganda Chamber of Mines and Petroleum (UCMP) is planning for the first mineral wealth conference scheduled October in an effort to attract local and...

Nigeria World’s Next Economic Giant Says Obama

United States President Barack Obama has declared Nigeria as the world's next economic success story, stressing that this was one of the major reasons...

Nigeria: Where Is the New Economy?

In 40 years, Nigeria's population will be approaching 400 million - if you believe the population figures. Before then (29 - 40 years), Nigeria's...

More Nigerians Exploring Entrepreneurship

It has become paramount in a “specially challenging economy” like Nigeria’s, that her citizens, young and old alike unemployed, under-employed and even the employed...

Foreign Investment in Nigeria’s Retail Sector Hits All-Time High

Foreign Investment in the Nigeria's retail sector has reached an all-time high, attracting about $1.3 billion(about N208 billion) in the last two years owing...

Nigeria Woos Foreign Investors at London Investment Summit

Nigeria's  Federal Government, apparently seizing the opportunity created by the London 2012 Olympic which has brought together both athletes and core investors into United...

Ernst & Young: Nigeria and Ghana Among Top Three Fastest Growing...

Nigeria and Ghana are among the three fastest growing markets in the world, a report released by Ernst and Young confirmed. According to Ernst and...

Will Uganda’s Underfunding Effect Its Technological Growth?

The Ugandan government needs to get with the times if it is to avoid falling behind in the region’s ICT revolution, as it broke...

Oil in Congo – Threat to Stability or Development Opportunity?

Although it should provide development opportunities, renewed oil interest in the Democratic Republic of the Congo (DRC) represents a real threat to stability in...

Uganda, the Cheapest Place to Find Oil in the World

The cost of finding commercial oil reserves in Uganda is less than a dollar compared to the global trends justifying increased investors' appetite for...

African Govts Act to Boost Their Share of Mining Revenue

Many African countries have recently begun revising their mining codes to increase their share of revenues. In 2010, Ghana increased its royalty rate from 3...

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