Africa News

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Ethiopia Working on New $100B Energy Master Plan

ADDIS ABABA, Ethiopia — As part of plans to become a regional energy exporter, Ethiopia announced last week it is working on a new power strategy to …

Kenya’s Oil: The New Success Story In Africa?

Barely one year has passed since oil was first struck in Kenya. But with over $100 million in deals pouring into the country from major oil …

France wants a share of Angola’s economic 'miracle'

French Foreign Minister Laurent Fabius’s visit to Angola on Thursday is meant to offer France’s business leaders the opportunity to partake in the African country’s economic boom. But many see Angola’s “economic miracle” as a mirage.<p>The delegation of business leaders accompanying French Foreign …

Nigeria replaces S. Africa as continent's largest economy

<b>World Bulletin/News Desk</b><p>Nigeria is likely to take South Africa’s position as the continent’s largest economy within two years, a Reuters poll …

Africa

Do Africans buy into the booming Africa narrative?

The global banking giant Goldman Sachs's report on South Africa, released early November, was titled, "Two Decades of Freedom". The report, which painted a generally positive picture of the progress of post-Apartheid South Africa, was met with harsh criticism. Several South African analysts and …

4 Reasons Why South Africa's Huge Economic Problems Are Far From Over

"The rand is one of the worst performing EM currencies," BBH notes, "down nearly 17% year to date against the dollar."<p>In April, the country will hold general elections, but BBH notes that the current ruling party is widely expected to remain in power despite "ongoing poverty, corruption, and labor …

South Africa

How Africa's natural resources can drive industrial revolution

The economic performance of Africa in the last few years has been remarkable. The continent has consistently defied the global trend.<p>Five years after the global financial system came perilously close to collapse, the global economic outlook is still uncertain. In Europe, GDP is still below …

Apps biggest driver of SA’s mobile economy | | IT News Africa – Africa's Technology News Leader

November 26, 2013 • Mobile and Telecoms<p>The app has become the single most significant tool driving the mobile economy in South Africa. The use of …

Africa's economic transformation: public banks must step up support

After two decades of prolonged crisis, the African continent has entered the 21st century at full speed. Its economic growth has reached a yearly average of more than 5% over the past decade, even as the fastest-growing parts of the global economy have shown signs of weakening. Fuelled by …

France to support Africa’s economic dev’t with €20b

header() --><p>Business News of Sunday, 8 December 2013<p>France has pledged to support Africa’s economic development with 20 billion euros over the next …

Africa

Nelson Mandela: His economic legacy

<b>When Nelson Mandela stood in front of the Union Buildings in Pretoria 19 years ago to be sworn in as South Africa's first democratically elected president, he embodied the hopes of a nation.</b><p>Apartheid was vanquished, and in its place the rainbow nation was born. It was a time of great optimism.<p>There …

South Africa

Is Nigeria Africa’s Largest Economy?

More on:<p>China<p>Sub-Saharan Africa<p>Nigeria<p>South Africa<p>Terrorism and Counterterrorism<p>Stephen Hayes, president of the Washington-based Corporate Council on …

The Threat to Mandela's Economic Legacy

Nelson Mandela, who died on Dec. 5, emerged from 27 years in prison in 1990 pledging to seize South Africa’s mines and banks. Instead, his government …

Mandela’s Mixed Economic Legacy

As is the custom these days when great figures die, the beatification of Nelson Mandela has been immediate, overwhelming, and, here in the United States, not a little ironic. Long regarded by the U.S. intelligence services as a seditious figure, and even a terrorist threat, he has been recast as a …

Associated Press News