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The Coming Economic Storm: Data Shows Gathering Global Slump

AFRICANGLOBE - Next month, the US Fed is expected to bring its program of “quantitative easing” to a close and move toward an increase in interest rates, possibly starting in June next year. But in Europe and Japan, central banks are maintaining or even increasing financial stimulus measures. In other words, while the stimulus measures staved off a complete collapse of the financial system, they failed to boost the underlying economy and have set in place conditions for a further meltdown.

South Africa’s Property Market Boom

AFRICANGLOBE - Once again, African markets are tending to outperform European countries. South Africa's property market showed its highest return in 2012 since the 2008-09 global financial crisis, according to the South Africa Annual Property Index

Africa Must Safeguard Economic Growth

AFRICANGLOBE - Developing African countries have been challenged to safe guard their economies so that they achieve economic development in the year 2013. The World Bank in their new report entitled Global Economic prospects report say that the world's economy performed poorly in the year 2012 due to the onset of the global financial crisis.

Tourists Head Back to Kenya in Record Numbers

Kenya's Tourism earnings rose 32 per cent to Sh40.5 billion in the first half of the year on increased tourist arrivals and the government is expecting 20 per cent growth in arrivals for the year as a whole.