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Rwanda And Ethiopia Inventing A New Africa

AFRICANGLOBE - Rwanda and Ethiopia have suggested new development models they believe can help Africa break away from the prescribed Western models. African leaders of the two countries and those from other states agreed that Africa should stop being bullied into “accepting policies that misrepresent us and do us harm in the end.”

Africa To Become World’s Manufacturing Hub Through Industrial Cooperation With China:...

AFRICANGLOBE - The chief of the African Development Bank (AfDB) Donald Kaberuka says time has come for Africa to become the world's manufacturing hub and this can be done through industrial cooperation with China as the Asian giant phrases out labor-intensive industries.

Africa’s Economy To Strengthen In 2015

AFRICANGLOBE - Africa's overall economy should advance in 2015, expanding by 4.5 percent, showing resilience despite weak commodity prices, an annual report published Monday said.

Africa In 2014: The Good, The Bad And The Ugly

AFRICANGLOBE - Good news in 2014 was that the economic boom in Africa continued, with the African Development Bank’s annual African Economic Outlook Report predicting growth of 4.8 percent in 2014 and between 5–6 percent in 2015.

10 Significant Projects That Were Completed In Africa In 2014

AFRICANGLOBE - Away from politics, 2014 saw the completion of several momentous economic projects in Africa, set to transform countries and regions even further. The launch of these projects is set to bring communities closer together, encourage investment and facilitate more development. Here are only 10 of these projects that have been accomplished in Africa this year.

Silicon Savannah – Africa’s City Of Dreams

AFRICANGLOBE - Kenyans are calling it the 'Silicon Savannah'. Artists' sketches of the emerging technopolis 60 kilometers from Nairobi's city center, evoke science-fiction cityscapes. Market analysts forecast Konza City to become an emerging global center, perhaps on the scale of California's Silicon Valley.

Africa And Belgium Generate The Same Amount Of Electricity – But...

AFRICANGLOBE - The statistics of the African Development Bank are terrifying: Africa’s total installed power generation capacity is 147 gigawatts. That’s about the same amount as Belgium’s total capacity, and the equivalent of what China installs every 12 to 24 months.

Black Businesses Struggle In U.S. And Africa

AFRICANGLOBE - Despite significant contributions to the U.S. economy, Black-owned businesses continue to face significant hurdles that limit their ability to take advantage of opportunities abroad.

Africa’s Betrayal By African Leaders

AFRICANGLOBE - Africa has a crisis of leadership. Many of Africa’s rulers have, by and large, betrayed African people for too long. If this is the diagnosis, what is the treatment plan? Africa remains the continent of peasants and, increasingly, of urbanized populations living on the margins of squalid slums bursting at the seams. Africa’s silent emergency comes in the form of pernicious killers in the form of poverty, hunger, disease, illiteracy and unemployment.

The Africa We Want Is One That Learns From The Past

AFRICANGLOBE - Yes, Africa has done rather well in the past two decades or so, but over all, the past 50 years have been decades of much failure and shattered aspirations. In many ways this fact is captured in the theme of the AfDB’s Kigali meeting: “The Next 50 Years: The Africa We Want”. So what is the Africa we want?

New Report Reveals Africa’s Fastest Growing Cities

AFRICANGLOBE - Africa has 52 cities with populations of 1m or higher – the same number as for Europe. This is just one of the facts revealed in a new African Development Bank (AfDB) report, titled Tracking Africa’s Progress in Figures.

Africa Rising But Must Cut Poverty, Create Jobs

AFRICANGLOBE - African presidents and policy makers are pushing back against pessimism to tell the world their continent's economic boom is real and sustained, but they say it must work harder to roll back poverty and create jobs for its restless youth.

Africa Can Maintain 6% Economic Growth

AFRICANGLOBE - Africa can meet growth expectations of more than 6 percent this year, despite a slowdown in China, but the outlook for North Africa is more uncertain, the president of the African Development Bank said on Friday. The bank forecasts growth of 5.3 percent across Africa this year and 6.2 percent for equatorial Africa.

Kenya: East Africa’s Economic Powerhouse

AFRICANGLOBE - Within the EAC, the Kenyan economy is the anchor. The overall performance of the region will to a great extent depend on what happens in Kenya. Kenya's economy is the largest in the region and is much more dynamic than those of other member countries. The country's economy is much better linked to the other economies in terms of investment flows and trade.

Infrastructure Financiers From Near And Far Rally Around Africa

AFRICANGLOBE - African governments are turning to new local sources to complement more funds promised by the Chinese government. Ending Africa's infrastructure deficit requires spending of about $75bn a year, according to the World Bank. But where to find the cash?

Africa’s Renewable Energy Potential

AFRICANGLOBE - Access to modern, renewable energy enables countries to create better lives for its people – from lighting streets and reducing crime to providing electricity to manufacture local goods as well as cleaning and pumping water throughout the country.