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Africa Set for Renewable Energy Boom

Investment in renewable power in Africa is set to grow from a total of US$3.6-billion in 2010 to $57-billion by 2020, accompanied by huge foreign direct investment in energy infrastructure.

Billionaire Wiese Targeting Nigeria as Wal-Mart Seizes Foothold in Africa

“Africa is awakening,” Pepkor Chairman Christo Wiese said in an interview in Cape Town on Aug. 10. “It’s a huge market of almost a billion people with huge resources and a young population. People spend when they’re young.”

Mega Trends to Drive Africa's Growth

Africa's economic growth is creating substantial new business opportunities that are attracting global companies. Due to the continuing robust growth, investors including private equity firms, pension funds and frontier funds are increasingly seeking for deals in private businesses on the continent.

Investors Report Improved Business Climate in 29 African Countries

Sudanese-born billionaire entrepreneur, Mo Ibrahim once said that the perception of Africa's business climate is much worse than the reality and that whenever there is a gap between perception and reality, there is a fantastic business opportunity.

Competition Spurs Access to Banking And Innovation in Africa

Competition among financial institutions is intensifying in Africa as more governments relax barriers to entry and open their countries' banking sectors to new players. The flurry of fresh entrants in some countries is credited with helping to drive down banking charges

South Africa And Burundi Sign Economic Pact

South Africa has signed an economic cooperation deal Saturday that will see Africa's biggest economy investing in the tourism, energy and infrastructure of the central African nation of Burundi.

Africa's New Middle Class Lures Investment

During the past 10 years, six of the world's fastest-growing economies have been in sub-Saharan Africa, according to the Economist magazine. Over the next five years, the Democratic Republic of the Congo, Ethiopia, Ghana, Mozambique, Nigeria, Tanzania and Zambia may grow at an average of 7.2 percent annually, the Economist says.

All Set for Great Surf Action in J-Bay South Africa

The world's top 32 ranked pro surfers are in Jeffreys Bay in South Africa's Eastern Cape for the R3-million Billabong Pro J-Bay 2011, stop...

12 Reasons Why Africans Are Poor, Miserable And Pitiable (4)

AFRICANGLOBE - Do you want to know the number four reason why the Black man is poor and wretched? The answer is that he is a great waster. I do not know of any race that wastes things or seems to have no value for things like we the Black. We waste time, we waste talents, we waste treasure, we waste food and above all, we waste lives, the most precious of all resources God has made available for the management of his kind and of all things on earth.

Ignorance and Fear Thwart Genuine Black Liberation World-Wide

So we now know that, as of 2008, African Americans had an aggregate purchasing power estimated at $913 billion, larger than the economy of mineral rich South Africa or oil rich Saudi Arabia which savvy researchers will tell you used to be part of Africa until European colonialism.