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Made In Africa: Is Manufacturing Taking Off On The Continent?

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AFRICANGLOBE - Several African countries have enjoyed economic growth in recent years - but there are fears that a failure to develop manufacturing could prove to be costly.

What The Rest Of Africa Could Learn From Rwanda

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AFRICANGLOBE - The Doing Business rankings released last year revealed that Rwanda had shot up a whopping 22 places since the previous year, now 32nd.

The 10 African Cities Poised For Take-Off

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AFRICANGLOBE - Africa is on the move – economic growth is robust, foreign investment is growing and its expanding urban middle classes are creating an internal market of global scale. The continent is actively harnessing its natural resources, but Africa is not just about the commodities boom: growth in manufacturing, technology and telecoms, finance and business services, outsourcing, retailing and hospitality are all changing the face of the continent’s cities.

Events In Venezuela Could Affect Haiti’s Economic Growth – IMF

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AFRICANGLOBE - The International Monetary Fund says Haiti’s dependence on remittances and its increasing vulnerability to developments in Venezuela could affect the French-speaking Caribbean Community’s economic growth in 2014.

Nigeria’s Economic Expansion Dwarfs BRIC’s Combined Growth

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AFRICANGLOBE - Nigeria’s unprecedented economic growth rate, especially with data recorded in 2012 and 2013, has seen its economy surpass the combined average for BRIC (Brazil, Russia, India, and China) countries.

Yes, Nigeria Is Africa’s Largest Economy, But Don’t Expect A Quick...

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AFRICANGLOBE - Now that Nigeria is officially Africa’s largest economy, some companies are certainly toying with the idea of entering the West African country. However, those investing in Nigeria should be in it for the long haul and thoroughly do their homework.

Economic Growth Alone Can’t End Poverty – World Bank

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AFRICANGLOBE - The World Bank has urged developing-world countries to fund social security programmes to lift the incomes of their poorest people, ending a reliance on growth to end poverty. In a report the bank said that while economic growth remains vital for reducing poverty, it has its limits.

How Access To Power Can Fuel Africa’s Economic Growth

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AFRICANGLOBE - I have experienced how lack of reliable power has constrained human potential and stifled economic growth. Currently, 589 million of my fellow Africans have no access to electricity and many millions more lack reliable access.

Top 5 Most Popular African Nations To Invest In And Why

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AFRICANGLOBE - Economic growth in Africa remains strong and is poised for lift-off . Growth in Africa was 5.9 percent, making it one of the fastest growing developing regions, according to a new World Bank report on Africa’s economy.

Doing Business Back Home: Four Returning Africans Share Their Stories

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AFRICANGLOBE - Africa is still in many ways untapped terrain so, with a little bit of work and dedication, there is tremendous opportunity to do well. The type of wealth you can generate in Africa in my opinion is greater than what you would generate in the US or the UK.

Is Africa The Next Big Thing For Investors?

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AFRICANGLOBE - The appeal of investing in Africa is that its future is still ahead of it. The region is setting out on the journey to economic, financial and industrial development that places like Latin America and mainland Asia, the last next big things, embarked on 20 or 30 years ago.

Why Nigeria Is About To Become Africa’s Biggest Economy

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AFRICANGLOBE - South Africa’s days as top dog on the continent are numbered. Booming, bustling Nigeria is about to become Africa’s biggest economy. So pop open a bottle of Moet & Chandon — after all, from 2012-2013, seven Nigerian branches of South African supermarket group Shoprite sold more of the bubbly than its 195 South African shops combined, a sign of Nigeria’s effervescent economy as well as the tastes of its ostentatiously wealthy elite.

Guyana And Haiti To Lead Caribbean Growth In 2014

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AFRICANGLOBE - Guyana and Haiti are expected to lead the economic growth among countries in Latin America and the Caribbean, according to the recently released United Nations’ annual World Economic Situation and Prospects (WESP) report 2014. It said that both Caribbean Community (CARICOM) countries are projecting to have economic growth of 4.5 per cent this year,

Kenya: East Africa’s Economic Powerhouse

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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.

How Oil is Affecting Ghana’s Economy

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AFRICANGLOBE - While crude oil production has contributed greatly to the economic growth of many African countries, the average man on the street has often not benefited from the industry. In a country like Nigeria, an unhealthy focus on oil has also led to the neglect of sectors such as agriculture.

Africa May be the Next Factory to World

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AFRICANGLOBE - African countries have seen high levels of economic growth over the past decade. That’s despite the global economic crisis that struck in 2008 and 2009. Greater regional integration will prepare the continent to be the next factory to the world. That can happen, when wages start rising in countries, such as China and Vietnam.
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