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The World Bank says that 2012 could prove to be a 'defining year' for the Kenyan economy if she can overcome political obstacles in her path. Following the launch of the latest Kenya Economic update, a WB report says that despite facing challenges including national elections, the establishment of a new system of devolved government and the possibility of a deteriorating global economy, that the "surging" information and communications technology field could boost the performance of a number of sectors, including transportation, agriculture and infrastructure.
Foreign direct investment in Africa over the last decade has contributed to marked economic growth for the continent but it has not translated into development for its people, says pan-African leaders.
The Sudanese economy faces collapse unless the international community steps in to provide assistance in the area of debt relief, the foreign minister Ali Karti said on Thursday.
During the past 10 years, six of the world's fastest-growing economies have been in sub-Saharan Africa, according to the Economist magazine. Over the next five years, the Democratic Republic of the Congo, Ethiopia, Ghana, Mozambique, Nigeria, Tanzania and Zambia may grow at an average of 7.2 percent annually, the Economist says.
The Zimbabwe Revenue Authority (ZIMRA) has revealed a massive leap in fuel consumption in the country, indicating this was a clear signal of a...
Indeed, the spirit of entrepreneurship should be inculcated in the people, for it is in so doing that self-reliance and productivity will be fully entrenched.