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Ethiopia Set To Become Africa’s Fastest Growing Economy In 2019

AFRICANGLOBE - Ethiopia will grow 8.5 percent this fiscal year, which will end on July 7, 2019, according to the economic outlook for Africa, published by the International Monetary Funds (IMF). The second country in that indicator will be Rwanda with a predicted 7.8-percent growth, while Senegal will occupy the third position with 6.7 percent.

The Top 10 Fastest Growing Economies In Africa

AFRICANGLOBE - The continent is currently experiencing an average economic growth of between 5 and 8% a year. It’s the youngest region in the world, and by 2040, is expected to have the largest workforce in the world at 1.1 billion people.

Ethiopia Beating The Economic Odds

AFRICANGLOBE - Ethiopia is considered as one of the fastest growing economies in the world today, a far cry from 30 years ago when the East African country was hit by a severe famine. But how much has changed since the famine.

Why Ethiopia ‘Just Cannot Be Ignored Anymore’

AFRICANGLOBE - Ethiopia is a country that just cannot be ignored anymore. You’ve got a population of 95 million, most of them young people. Other than Nigeria, you can’t get much better than Ethiopia in terms of numbers. The economy is also one of the fastest growing in the continent, if not the world.

African Economies To Perform Better In 2015

AFRICANGLOBE - African economies will continue to grow in 2015 due to private investment and consumption, which have been key drivers of Gross Domestic Product (GDP) over the past years, a new UN report projects.

Kenya, Nigeria, And Africa’s New Hope For Growth

AFRICANGLOBE - Africa’s economy is forecast by the International Monetary Fund to grow 5 percent next year, one of the fastest rates in the world. Kenya and Nigeria are among 16 African countries whose economies are expected to expand more than 6 percent, according to the IMF.

Ethiopia Among 10 Fastest Growing Economies Worldwide

AFRICANGLOBE - Ethiopia's economy among the 10th fastest growing economy in the world, according to Mrs. Gifty Abasiya Ababulgu, the Ethiopian Ambassador to.

Rwanda, Africa’s Top Retail Destination

AFRICANGLOBE - East Africa growing power house, Rwanda has been singled out as the fastest place for multinational retailers to grow their business, beating the likes of South Africa, Nigeria and Kenya who are tagged Africa’s fastest growing economies in their respective regions.

New Ethiopian Institutions To Push Industrial Revolution

AFRICANGLOBE - The Ethiopian government has announced it will develop two new institutes in the fields of agribusiness, chemicals and construction materials. These follow institutes in the leather and textile sectors that opened in 1998 and 2010.

Middle Class ‘Key to Africa’s Growth’

AFRICANGLOBE - Abundant natural resources, the growing consumer power of an emerging middle class and a youthful population were among the continent's key development drivers, offering enormous potential for sustainable economic growth and development.

Colonization In Reverse: Portuguese Cry Foul As Angola Flexes Its Economic...

AFRICANGLOBE - Portuguese journalists are increasingly concerned by Angola's growing investment and influence in their country. Buoyed by petrodollars and diamonds, powerful Angolan interests have been indulging in a buying spree in their former colonial power.

Angola Has Huge Amounts of Mineral Wealth – Official

Angola's subsoil offers a wide variety of minerals, such as precious metals (gold and platinoid), basic (iron, copper, chromium, nickel), industrial (phosphates, limestone and...

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...

Africa Poised for Even Faster Economic Growth – World Bank Report

Economic growth in Africa remains strong and is poised for lift-off after growing at 4.9 percent in 2011, just shy of the pre-crisis average...