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South Sudan Oil Output Expected to Rise

AFRICANGLOBE - Sudan plans a budget of between 20 and 30 billion Sudanese pounds ($7 billion) in 2013, boosted by higher oil output and...

Nigeria Records U.S.$35.44 Billion Forex Inflow

AFRICANGLOBE - The Central Bank of Nigeria (CBN) has disclosed that a total forex inflow of $35.44 billion was realised by the country as...

Affordable Luxury in Cape Town, South Africa

As a world-class city blessed with abundant natural beauty; memorable cuisine; endless wine lands; and a fascinating, multi-layered urban heart, Cape Town is renowned...

Nigeria: Oil Production Falls Below Govt’s Projection

The Central Bank of Nigeria (CBN) said Monday that the country pumped 2.12 million barrels per day (bpd) of crude oil in the second...

East African Nations Can Finance Own Budgets

Two weeks ago, we saw a new phenomenon in Rwanda, a country that has developed the habit of pioneering in many areas of development....

FACT CHECK: Paul Ryan Takes Factual Shortcuts in Speech

  Laying out the first plans for his party's presidential ticket, GOP vice presidential nominee Paul Ryan took some factual shortcuts Wednesday night when he...

Romney Names Paul Ryan as Presidential Running Mate

Republican presidential candidate Mitt Romney introduced Rep. Paul Ryan of Wisconsin as his vice presidential running mate on Saturday, turning to the architect of...

Parliament Threatens to Impeach Nigerian President

Goodluck Jonathan is blamed for poor execution of the budget, midway into the financial year. The ongoing face-off between the Nigerian Presidency and House of...

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...

IMF Raises Ethiopia’s Economic Growth Forecast

Ethiopia's economy is expected to maintain a growth rate of 7 percent in 2012/2013, the International Monetary Fund said, raising its earlier forecast of...

Egypt’s Looming Economic Crisis

Egypt is teetering on the edge of an economic crisis. Cast adrift in a deepening political quagmire over the past fourteen months, the economy...

South African Govt to Recapitalize Aero Firm

The group CEO of Denel, Riaz Saloojee, has welcomed the budget announcement by South African Finance Minister Pravin Gordhan, that R700m is being allocated...

Obama Proposes Aid to South Sudan and Debt Relief to Khartoum

The United States President Barack Obama's 2013 budget proposal, released on Monday incorporated the possibility of relieving Sudan's entire debt owed to it if...

Detroit City Unions Agree to Massive Concessions

Detroit city union leaders said Tuesday that they had reached concession agreements in 25 of the 48 bargaining units for city employees, including huge cuts in the health benefits for thousands of workers. According to a report Wednesday in a Detroit newspaper, the deals include a $20 million cut in prescription drug benefits and what the newspaper called “substantial” reductions in pension benefits.

Kenya’s Tourism Industry Seeks Sh30 Billion for Development

The tourism sector is seeking up toSh30 billion funding in the next three years to develop infrastructure and tourism facilities in a bid to sustain and grow the revenues. It has proposed to have its budget allocation boosted in order to engage in products development to enhance its global competitiveness. In this year's budget, the tourism sector says it needs over Sh9 billion in development expenditure allocation up from the Sh1.2 allocated last year.

George Bush and Obama Destroyed the Black Middle Class

In June, a poll conducted by the largest social network for African Americans, BlackPlanet.com, and NewsOne.com of 1,100 African Americans, revealed that 88 percent of them believe the economy has been better under President Obama than former President George W. Bush.