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Nigerian Economy Grows 6.28 Percent

The Nigerian economy grew by 6.28 per cent in the second quarter of this year, driven by non-oil sector growth, while inflation fell for...

Tanzania Set to Start Production of LNG

AT last, the Tanzanian government has started its quest to develop a liquefied natural-gas export project in the form of liquefied natural gas (LNG)...

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...

U.S. Oil Firm Begins Search off East Africa

US oil and gas explorers Apache Corporation estimates that within the next 60 days, it will have drilled the targeted 3,250 metres depth at...

China Replaces United States As Nigeria’s Number One Crude Oil Importer

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has said China had become the alternative market for Nigeria's...

Africa’s Seven Fastest Growing Economies

Only whisper it, but economic boom is coming to Africa. Yet this boom is not just coming from the continent’s natural resources, though they...

African Official Wary of Economic Ties With Europe

Former Tanzanian president Benjamin Mkapa on Wednesday likened the European Union's Economic Partnership Agreements (EPAs) as a poisoned chalice and the second scramble for...

Africa Urged to Diversify, Turn to Agriculture

Africa needs to embrace economic diversification as well as focus on agribusiness to lift the continent out of poverty and put it on the...

Nigeria: Big Problems, an Even Bigger Future

Whether by accident or design, Nigeria is destined to become Africa's largest economy. The kind of economic growth it will experience in the coming...

Nigerian Economy Leads Africa in Economic Performance – Survey

The Global Economic Conditions Survey has rated the Nigerian economy as the leader in African economic performer in the second quarter of 2012. The survey...

African Tourism Slowly Coming of Age

Jet-lagged, 500 delegates from around the world arrived in Victoria Falls, Zimbabwe, in May to deliberate on the path to Africa's tourism future. To unwind,...

African Economies Capturing World Attention

Young men and women chat along the glittering corridors of the sprawling shopping complex. With state-of-the-art mobile communication gadgets in hand, they go in...

Stability Brings Growth to Zimbabwe’s Tourism Sector

Zimbabwe's tourism sector has picked up as Tourist visits have increased by 18 percent to 346,299 in the first quarter of this year from...

Nigeria’s Foreign Direct Investment Hits Record $9 Billion High

The total value of Nigeria's Foreign Direct Investment (FDI) in 2011 was $8.9 billion with the country recording over 20 per cent of the...

Another Huge Natural Gas Discovery in Tanzania

NDOVU Resources, a subsidiary company of Aminex Plc of UK has already hit 1.17 trillion cubic feet of natural gas at Ntorya, Tanzania. The Principal...

Trade Between China and Africa Reach Historic High

Trade between China and Africa grew and hit an historic high in 2011 despite the turbulence in some Northern African countries, according to a...