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Embarrassing? How Long It Takes China To Create The Equivalent Of...

AFRICANGLOBE - Jim O’Neill, former head of economics at Goldman Sachs, once calculated that China created an economy the size of Greece every three months. Between 2012 and 2013, China’s economy grew by $1 trillion, from $8.2 trillion to 9.2 trillion. We apply the same calculation for African countries using data from the World Bank, and see how long China takes to create economies equivalent to African countries’

Ivory Coast To Record Double-Digit Growth In 2016

AFRICANGLOBE - Ivory Coast’s economy will grow by 7.9 percent this year and by an average of 7.6 percent in 2016 and 2017, the International Monetary Fund (IMF) said in a new report. The country, once torn by civil war, has been showing impressive economic recovery since the end of the crisis in 2011.

Rwanda Economy To Expand 6.5 Percent In 2015

AFRICANGLOBE - Rwanda's economy is expected to grow by 6.5 percent this year from 7.0 percent in 2014, while inflation will remain contained, the International Monetary Fund said on Thursday.

Top 10 Richest Countries In Africa Rated

AFRICANGLOBE - Africa is home to some of the richest countries in the world, in part due to its oil-rich soil and human capital. With GDPs going up as high as $594.257 Billion. According to statistics provided by the International Monetary Fund, these are currently, according to the figures provided at the time, the Top 10 richest countries in Africa.

Former IMF Chief Strauss-Kahn Testifies On Pimping Charges

AFRICANGLOBE - Former IMF chief Dominique Strauss-Kahn denied knowing that prostitutes were involved in sex parties he joined, as he took the stand Tuesday for the first time in his high-profile trial on pimping charges. The trial of Strauss-Kahn, who saw his career plummet to earth after a separate sex scandal that resulted in his arrest in New York in 2011 for raping a Black woman, opened in the northern French city of Lille a week ago.

Will The Greek Elections Strengthen The Hands Of The Global South?

AFRICANGLOBE - Last week Greece elected into power the left-wing political party, Syriza, headed by Alexis Tsipras, who led the party to victory on an anti-austerity ticket, thus rattling financial markets by raising the spectre of a Greek exit from the Eurozone and snubbing the European Union (EU), European Central Bank (ECB) and International Monetary Fund troika of lenders to Greece.

China Officially Became The World’s Largest Economy, Ahead Of The U.S.

AFRICANGLOBE - China officially became the world’s largest economy, ahead of the United States, according to the International Monetary Fund (IMF). For the first time since 1872, the United States of America loses their position as the leading world economic power in favor of China. It’s the end of 142 years of American supremacy.

IMF Head To Visit Jamaica

AFRICANGLOBE - The managing director of the International Monetary Fund (IMF) Christine Lagarde will visit Jamaica on June 27, according to a statement issued by Jamaica's Ministry of Finance on Monday.

Events In Venezuela Could Affect Haiti’s Economic Growth – IMF

AFRICANGLOBE - The International Monetary Fund says Haiti’s dependence on remittances and its increasing vulnerability to developments in Venezuela could affect the French-speaking Caribbean Community’s economic growth in 2014.

The Rise Of The African Union: How Africa Plans To Challenge...

AFRICANGLOBE - The International Monetary Fund has predicted that Africa will be the new China. There is talk of a East African Single Currency which will regulate markets and ensure economic growth

Africa Rewards, Risks Offer Huge Business Opportunity

Since 2002, despite a tough global economy, the overall African economy has more than trebled, Ernst & Young said in its "Africa 2013" report. The rapid growth is expected to continue. The International Monetary Fund forecasts 11 of the world's 20 fastest-growing economies through to 2017 will be in Africa.

Young Entrepreneurs Hold The Key To Growth In Africa

AFRICANGLOBE - I believe Africa is the single most exciting place in terms of opportunities. The continent is not only experiencing its longest boom for 30 years but, according to International Monetary Fund forecasts, seven of the world’s 10 fastest-growing economies for the period 2011-2015 will be African.

Africa To Account For 2.6% Of Global Economy

AFRICANGLOBE - Africa will account for 2.6 percent of the global economy next year – the biggest slice it has taken in over three decades. This is according to the IMF, which added that the African continent currently accounted for 13 percent of the world total, “underscores just how far there is to go.” the

Did You Know This About Zambia?”

AFRICANGLOBE - According to the African Development Bank(AfDB)’s 2013 “African Economic Outlook” report, Zambia‘s GDP has continued to grow steadily since 2011, and the country is expected to continue as the International Monetary Fund(IMF) estimates an increase in economic growth from 6 percent this year to 6.5 percent in 2014.

African Economy to Grow By 6% In 2014

AFRICANGLOBE - Investment in infrastructure and production capacity in Africa will see the continent's economy growing by 6% in 2014, according to the International Monetary Fund. An IMF release on Thursday said Africa's economic growth will rise to 6% from 5%.

Increasing Pressure on Resource Companies Robbing Africa

AFRICANGLOBE - In 2010, the US Congress passed the Dodd-Frank Act, which imposes a legal duty on all resource companies listed on the US capital markets to disclose payments to foreign governments of over $100,000.