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A Plot to Kill Nigeria’s Economy

The National Assembly may be crossing the Rubicon by amending the Central Bank of Nigeria Act 2007. But if the views of other stakeholders...

Time for Radical Action on South Africa’s Unemployment Crisis

There are at least four million young people without jobs in South Africa. This is the country's worst crisis, yet some people still say...

Rwandan Economy On “Faster Growth Path”

Despite a lukewarm global economic outlook caused by the Euro Zone debt crisis, Rwanda's economy will grow within the 7.7% range this year, powered...

‘Lagos, Ibadan, Among Africa’s Top Cities to Watch’

As attention shifts to emerging markets as investment destinations, following the economic downturn in the West, a new report has listed two Nigerian cities...

Prospects for kenya’s Economy Huge, Says IMF

Kenya needs to remain on the long-term path of economic reform that ensures a stable macroeconomic environment and promotes growth prospects, the International Monetary...

Tanzania Economy on Track Says World Bank

Tanzania can attain its ambitious accelerated and shared growth by only maintaining proper balance between borrowing, expenditure and savings it makes, a new World...

Building a Vibrant Economy: Rwanda’s Vision and Strategy

Recognizing this reality, Rwanda's leadership aims to make Rwanda a middle-income country by 2020. Vision 2020 boldly states what Rwanda can achieve by unleashing...

Good Times Ahead For Rwanda’s Travel Industry

As Rwanda continues to attract foreign airlines to its landlocked country, previous challenges stemming from its disadvantageous geographical position are gradually disappearing. With more...

Ethiopia Rising

About three hours south of the Ethiopian capital, Addis Ababa, lays a sprawling, 120-hectare field planted with hundreds of thousands of grape vines in...

Huge Infrastructure Opportunities in South Africa: Zuma

South Africa;s President Jacob Zuma has urged South African businesses to take advantage of the opportunities that will be created by the massive new...

Kenya Seeks Investor for Transformer Plant

The Kenya Electricity Expansion Project, which seeks to bolster the government's goal of connecting one and half million people and businesses to the electricity...

Sierra Leone Nation Drafts Development Plan for the Next 50 Years

Fifty years ago when Sierra Leone gained independence after 150 years of colonial rule, with it came a feeling of optimism that along with...

Why the Global Economy Needs Investment in Women

The following oped by U.S. Ambassador-at-Large for Global Women's Issues Melanne Verveer and Kim Azzarelli, president of the Women in the World Foundation, was...

Resurgent Ethiopia Invites Investments From India

Ethiopian Ambassador to India, Gennet Zewide, on Tuesday sought investments in the areas of textiles, leather, healthcare, milk and dairy products, tourism and chemicals to catch up with fastest growing countries such as India and China. Addressing government officials, business leaders and chamber representatives to mark the opening of the Honorary Consulate in Chennai, she said the new office would enable them to attract more Indian businesses and investments in priority sectors such as textile, leather, pharma, chemicals, manufacturing and automobile as these areas were found to be in abundance in Chennai.

Gas Set to Power Tanzania’s Economy

The Tanzanian government must ensure that its citizens are fully involved in the gas and oil exploration, production and processing chain, to enable the country to reap maximum benefits from its huge fuel reserves. That's the advice that experts are floating, in the light of geological surveys and reports, which indicate that Tanzania is on the verge of discovering huge commercial gas reserves that would generate billions of dollars in Foreign Direct Investments (FDIs).

Huge Gas Deposits Found in Tanzania – Country Might Become the...

The government has started working on strategies to prepare Tanzania's economy to accommodate huge investments in the natural gas sector in anticipation of major commercial discoveries in the next five years. The imminent commercial discoveries, whose quantity is yet to be determined, will result into "multi-billion dollar foreign direct investments," which would add significant revenue flows to the government coffers, as well as take a big part of the country's export volumes, the facts that will, in pure technical terms, make Tanzania a "gas economy" said the minister of Finance and Economic Affairs Mustafa Mkulo in a letter he sent to the International Monetary Fund (IMF) last month.
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