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Massive Potential In African Mining: IFC

AFRICANGLOBE - Africa's under-invested mining sector has huge potential, supported by increased economic growth and political stability, and could play a vital developmental role on the continent, the International Finance Corporation's (IFC's) Bernard Sheahan told the Investing in African Mining Indaba on Wednesday.

Only Africans Can Develop Africa

The founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has said that the private sector in Africa countries must be the leading...

African Consumers Grow Despite Inflation

In a cafe on the terrace of an upmarket Nairobi mall, well-heeled Kenyans sip coffee as shoppers in the car park navigate between BMW X5s, Toyota Land Cruisers and Mercedes. Sales at this Java House outlet along the Ngong Road were up last year, says Kevin Ashley, a Californian who co-founded the chain of 14 coffee houses 13 years ago. Kenya's rich and new middle classes have a growing taste for lattes and ice cream.

Rwanda Top Destination for Business in East Africa

Rwanda has retained its position as an ideal host for businesses in the East African Community (EAC) by clinching the top position in the first ever business rankings conducted by the bloc's Secretariat.