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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
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.
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...
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.
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.