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Africa’s Economic Outlook

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The International Monetary Fund's most recent forecast for sub-Saharan Africa anticipates average growth of 5.5 percent in 2012. These projections are in line with the expectations of This Is Africa's sentiment survey. Only two respondents anticipated growth of under 5 percent, with most predicting levels of 5.5-6 percent.

Where to Invest in Africa’s Media Industry

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The media and entertainment industries are registering above average growth in many African countries and are expected to grow at 5% GDP per capita up until 2015. Nigeria, Kenya, Ghana and South Africa offer the greatest opportunities for content producers and distribution platforms for film, television, digital media, mobile and other forms of entertainment. The industry signifies a confluence of creativity and commerce. This creativity has the potential to sustain it when combined with entrepreneurship and professional management.

Kenya’s Tourism Industry Seeks Sh30 Billion for Development

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The tourism sector is seeking up toSh30 billion funding in the next three years to develop infrastructure and tourism facilities in a bid to sustain and grow the revenues. It has proposed to have its budget allocation boosted in order to engage in products development to enhance its global competitiveness. In this year's budget, the tourism sector says it needs over Sh9 billion in development expenditure allocation up from the Sh1.2 allocated last year.

East African Tourism Training Institutes Join Forces

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AFRICANGLOBE - Training Institute (VHTTI) have established a partnership with the Kenya Utalii College (KUC) as an effort to strengthen the tourism sector. The plan also aims to ensure equal service delivery within the East African region, VHTTI Principal Mrs Flora Hakika has said.

Zimbabwe to Carry Out Minerals Audit

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The mining sector, alongside the agricultural sector, was expected to continue underpinning economic growth in Zimbabwe, with Biti optimistic that Zimbabwe would manage to reach Gross Domestic Product growth of 9.3 percent this year.

Nigeria's Trade With U.S. Surges by 25 Percent

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The volume of trade between Nigeria and the United States of America (USA) has hit N34.6 billion in 2010. The National President, Nigerian-American Chamber of Commerce (NACC), Mr. Sam Ohuabunwa, who made the statement at the recent 51st Annual General Meeting (AGM) of the chamber in Lagos.

The Merits of Nigeria's Petroleum Industry Bill

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The Petroleum Industry Bill (PIB) combines 16 different Nigerian petroleum laws in a single transparent and coherent document. This is the first time that such a large-scale consolidation has happened anywhere in the world.

Africa Needs Greater Integration for Even Faster Economic Growth

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Former Nigerian president Olusegun Obasanjo has called on African leaders to accelerate regional integration to boost economic and social development in the continent.

East Africa Eyes Regional Visa

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Kenya is prepared to move tourism a notch higher to beat international competitors, says a senior government official.

KTB Woos Athletes to Market Tourism

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The Kenya Tourist Board yesterday entered into a deal with international athletes meant to market tourism in the country. Finer details of the memorandum of understanding between the KTB and the Athletics Kenya (AK) is however being worked out.

Nigeria to Secure U.S.$550 Million World Bank Loan

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Nigerias Federal Government in its bid to meet its transformation agenda and fix the polluted land in the Niger Delta and other parts of the country is negotiating a $550 million financing, Coordinating Minister of the Nigerian Economy and Minister of Finance, Ngozi Okonjo-Iweala, has said.

Nigeria Needs $10 Billion Annually to Achieve 40,000 Megawatts

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Nigeria's Federal Government on Thursday said for Nigeria to achieve 40,000 Megawatts by 2020, it has to make an investment of $10 billion in its power sector annually over the next 10 years.

Nigerian Govt Secures Big New Investments

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Nigeria's Federal Government has secured about N2.2 trillion investment commitment from foreign and local investors for the non-oil sector of the Nigerian economy which will be invested in the country within the next 12 months.

ICT Devt Will Contribute to Nigeria’s GDP Growth, Says Minister

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Nigeria's Minister of Communication Technology, Mrs. Omobola Johnson has disclosed that the ministry would co-ordinate, facilitate and drive the development of the ICT industry to Increase its contribution to Nigeria's Gross Domestic Productin a way that will catapult the Nigerian economy to greater heights.

Regulator Proposes Exclusive Market for SMEs in Kenya

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An exclusive stock market for small and medium-sized enterprises with flexible listing rules could be in place in Kenya by January next year.

AFDB Optimistic About Zimbabwe's Projected Economic Growth

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The African Development Bank is optimistic about Zimbabwe's projected 7.8 percent economic growth rate saying growth is underpinned by increased mineral production, benefiting from favourable international commodity prices and expanding global commodity demand.
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