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Africa’s High Consumption Rate Attracts Global Firms

AFRICANGLOBE - A recent study has revealed that increasing levels of consumerism have made Africa the main attraction for many multinational companies looking for a good return on investment. The report carried out by Mckinsey Africa Consumer Insights Centre cites a sizeable number of investments targeting household consumer-related products and services over the last decade.

41 Percent of World’s Youth Will Be African – Report

AFRICANGLOBE - A recent report by the Mo Ibrahim Foundation has concluded that in the next three generations, 41% of the world's youth will be African. The report by the Sudanese billionaire Mo Ibrahim's foundation says because Africa is the only continent with a significantly growing youth population

Jacob Zuma: Leaked KPMG Report Shows S.Africa President Was a ‘Kept...

AFRICANGLOBE - President Jacob Zuma depended on a circle of South African businessmen and politicians to fund a lifestyle that vastly exceeded the means...

Polls Show Africa’s State of Mind

Gallup, a leading research consultancy known for its opinion polls, has released its "Global States of Mind: New Metrics for World Leaders" report, which...

Uganda Holds Somalia Hostage in High-Stakes Diplomacy

AFRICANGLOBE - Anxious to cover up its illicit involvement in neighbouring DRC’s on-going rebellion, Uganda has played its trump card: threatening to pull its...

Africa’s Mineral Wealth Hardly Denting Poverty Says World Bank

Strong economic growth in the past decade among African countries rich in oil and minerals has failed to make a significant dent on their...

Zimbabwe: Conferencing Triggers Tourism Growth

The Zimbabwe Tourism Authority (ZTA) says accommodation statistics at hotels in most regions of the country have improved significantly in the first quarter of...

Affirmative Action Under Assault as Supreme Court Decision Nears

Critics of affirmative action are hoping that a new report released Wednesday will strengthen their case when the Supreme Court begins deliberations next week...

Global Competitiveness Report: Ghana, Kenya, Cameroun, Rank Better Than Nigeria

The World Economic Forum has released its 2012-2013 Global Competitiveness Report (GCP) ranking Nigeria, out of 144 countries assessed, as 115th, behind Ghana, Kenya and Cameroun. Ghana...

Black Unemployment Stuck at 14.1 Percent

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech...

Upcoming Economic Report on Africa to Highlight Ethiopian Industries

First Consult is conducting a survey on Ethiopia's leather and coffee sectors which will be used as an input for the United Nations, African...

U.S. Aid Cut ‘Based On Misinformation’ Says Rwandan Govt

Following the decision by the United States to cut military aid to Rwanda on grounds that the latter allegedly supports rebel mutinies in the...

Oil to Catalyse Billions in Investment in East Africa

Recent oil discoveries will trigger billions of dollars in investment into Uganda, a new report says. However, it warns that oil discoveries in neighbouring...

UN Report on Haiti Rape Cases Shows Few Prosecutions

The prosecution of rape cases in Haiti remains bogged down, and justice is rarely served, the United Nations mission in the country said in...

UN Report On ‘Rwanda Fueling Congo Violence’ Blocked By U.S.

AFRICANGLOBE - The United States has been accused of blocking a UN report titled 'Rwanda Fueling Congo Violence' which examines claims that Rwanda is fuelling a violent rebellion in neighbouring Democratic Republic of the Congo.

South Africa a Good Investment – OBG

South Africa boasts an attractive investment environment that few regional peers could match, according to a report by the Oxford Business Group that focuses...