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Ethiopia Emerges As Africa’s Most Favourable Investment Destination

AFRICANGLOBE - In the last two years, Ethiopia has risen from the fourteenth place on the list of African foreign direct investment (FDI) recipients to the second place and the number of projects in the country have spiked by 88 percent. This is a direct result of a flourishing economy and a well-funded government.

General Electric To Splash 10bn On Africa Targets Nigeria’s Rail Sector

AFRICANGLOBE - General Electric (GE), a 123-year old American Conglomerate with operations in 130 countries around the world, is gearing up to further exploit the economic potentials inherent in African markets, especially Nigeria and Ethiopia.

South Africa Losing Its Grip As One Of Africa’s More Advanced...

AFRICANGLOBE - South Africa slid five places to 75th in the World Economic Forum (WEF’s) global information and communication technology (ICT) rankings. The space between South Africa and other competing countries from Africa is also gradually shrinking.

5 Reasons To Be Optimistic About Africa

AFRICANGLOBE - Let me state up front that I am cautiously optimistic that Africa is taking off. This year the World Economic Forum (WEF) is marking 25 years of change in Africa. Looking back, there is no denying that Africa has made remarkable progress over the past two decades. Here are five reasons why I am optimistic.

Zimbabwe On The Rise: World Economic Forum

AFRICANGLOBE - Zimbabwe economy has maintained steady growth, slightly improving this year compared to last year’s ranking, the World Economic Forum has revealed.

Africa Secures $68bn Investments Following WEF

AFRICANGOBE - Africa’s economic resurgence has been further boosted by over $68 billion in investment commitment following the just concluded World Economic Forum (WEF) on Africa which ended in Abuja, Nigeria’s capital city last week.

What Africa’s Richest Man Aliko Dangote Told The World Economic Forum

AFRICANGLOBE - Africa has many entrepreneurial people with the capacity to be successful in business, but access to financing for small and medium enterprises (SMEs) remains a major challenge. So said Nigerian-born Aliko Dangote, believed to be the continent’s richest man, today during a session titled ‘Africa’s Next Billion’, at the World Economic Forum in Davos, Switzerland.

85 Richest People Own The Wealth Of Half The World’s Population...

AFRICANGLOBE - Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world's population, worldwide development organization Oxfam warns in a report published today.

The World Economic Forum and the Rise of Afro-Confidence

AFRICANGLOBE - The World Economic Forum held its annual meeting in South Africa last week. It was the biggest so far - yet another sign that business is taking Africa more and more seriously

Regional Integration ‘Key to Africa’s Economic Growth’

AFRICANGLOBE - Closer regional integration will be crucial for addressing underlying weaknesses in Africa's long-term competitiveness and ensuring that the continent delivers on its massive growth promise, according to the Africa Competitiveness Report 2013.

Halt Theft of African Mining Revenue – Kofi Annan

AFRICANGLOBE - African countries need to pass laws compelling foreign mining companies to be more honest in their dealings on the continent, former UN secretary-general Kofi Annan said on Friday.

Africa’s Invitation to Investors

President Paul Kagame, who is attending the World Economic Forum in Tianjin, China, yesterday, told delegates that there is lots of opportunity for investment...

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...

Rwanda: Maintain Confidence in the Economy

Rwanda's impressive ranking in the latest Global Competitiveness Index (2012/2013) added another plus to the level of confidence that both foreign and domestic investors...

Potential Crisis Looms Over the Health of Ethiopian Prime Minister Meles...

There is a potential crisis looming in Ethiopia in light of the concerns over the health of Ethiopian Prime Minister, Meles Zenawi. Depending on...

Growing Fears over the Health of Ethiopian Prime Minister Meles Zenawi

Fears are growing for the health of Ethiopian prime minister Meles Zenawi who is being treated in hospital in Belgium having failed to appear...