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2012 a Turning Point for kenyan Economy Says World Bank

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.

Africa – 'Ideal for the Development of a Real Economy'

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.

North Sudan On the Verge of Economic Collapse; Govt Pleads for...

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.

South African Economy 'To Continue Growing'

The South African economy could grow only 0.8% in the third quarter and by 1.7% in the fourth quarter, implying that the country is not likely to enter into recession, Nomura International economic analyst Peter Attard Montalto predicts.

Africa's New Middle Class Lures Investment

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.

Ugandan Economy Solid, Says Minister

Despite Uganda facing high prices for sugar, fuel, food, transport, increasing exchange rate and general households' consumption commodities, Uganda's minister of finance over the weekend assured the nation that the economy is strong and manageable.

Invest in Africa to Boost World Economy

With an ailing US economy, European debt battles and Japan rebuilding after a crisis, investors should be looking south -- to Africa, the head of the African Development Bank said.

Zimbabwe's Massive Fuel Consumption Surge Signals Recuperating Economy

The Zimbabwe Revenue Authority (ZIMRA) has revealed a massive leap in fuel consumption in the country, indicating this was a clear signal of a...

The Economy: Should be Number One on the Agenda of Goodluck...

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.
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