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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%.

Foreign Direct Investment to Ethiopia Second Best in Africa

AFRICANGLOBE - Japan says the fact that Ethiopia achieves 1 billion dollar Foreign Direct Investment (FDI) flow in to the country shows how focused the government is to develop the sector.

Foreign Direct Investment Into Africa Topped $50B In 2012

AFRICANGLOBE - In 2012 and for the first time ever, developing economies received more Foreign Direct Investment (FDI) than developed countries, accounting for 52% of global FDI flows, according to the latest 2013 World Investment Report.

Nigeria Among Top 4 Preferred Investment Destinations – KPMG

AFRICANGLOBE - World leading audit, financial and tax advisory firm KPMG, has ranked Nigeria as one of the four major investment destinations and growth areas in the world, following poor performance by Brazil, Russia, India and South Africa.

‘Lagos, Ibadan, Among Africa’s Top Cities to Watch’

As attention shifts to emerging markets as investment destinations, following the economic downturn in the West, a new report has listed two Nigerian cities...