Good news stories from and about Africa
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Africa is likely to see gross domestic product growth of 6.0 percent next year and 6.5 percent in sub-Saharan Africa, African Development Bank President Donald Kaberuka said on Thursday.
"I think next year Africa will be growing at six percent. In sub-Saharan Africa it will be six and a half percent," he told Reuters in an interview, adding "Africa is coming out of the (global financial) crisi
ZIMBABWE’s economy will grow for the second successive year this year due to positive policies and strong commodity prices, the International Monetary Fund (IMF) said yesterday, while calling for more reforms to sustain the recovery.
The economy, battered by hyperinflation in 2008, grew 5,7% last year — the first time in a decade .
Mozambique's government has announced plans to build a $132m (£87m) bridge across the Zambezi River.
It will allow access to the inland province of Tete, and some of the world's largest coal deposits.
Construction of the bridge by a consortium of Brazilian and Portuguese firms is expected to start next week.
At present trucks have to cross the existing Samora Machel bridge one at a time,
The East African Community yesterday took a giant leap as member states simultaneously launched the Common Market Protocol. The protocol, which was signed on November 20, last year, allows free movement of goods, services, capital and labour in the bloc. It comes into effect at midnight.
Setting off the common market, President Kibaki ordered the waiver of work permit fees for all East Africa
The UN Economic Commission for Africa (UNECA) has launched a fund that it hopes will help turn scientific ideas into successful enterprises.
The African Science, Technology and Innovation Endowment Fund (ASTIEF), along with the African Science to Business Challenge (ABSC) were launched at the second Science with Africa Conference last week (23-25 June) in Addis Ababa, Ethiopia.
They aim to
The World Bank has issued a a $120 million credit to Uganda aimed at boosting the productivity of its farm sector, a bank official told Reuters on Tuesday.
Agriculture accounted for 23.8 percent of the east African nation's economy during the 2008/9 financial year.
"Over 2 million people are going to benefit from this project and these will be mainly farmers and their families," said Steven
The final is set! Spain will face the Netherlands on Sunday. No matter who takes the World Cup title, South Africa is already claiming that it is the big winner.
"Economically, the tournament has been a success,” said South Africa’s President Jacob Zuma this week at the Investec global investment conference in Cape Town. “We can safely say that we have good returns on our investment, which in
The rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors must pay heed.
Africa’s economic pulse has quickened, infusing the continent with a new commercial vibrancy. Real GDP rose by 4.9 percent a year from 2000 through 2008, more than twice its pace in the 1980s and ’90s. Telecommunications, banking, and retailing are fl
Africa is slowly emerging from the global recession and should grow 4.5 percent this year and just over five percent in 2011, a report by the African Development Bank and the OECD forecast yesterday.
The 2010 edition of the African Economic Outlook (AEO) was launched on Monday, 24 May 2010 in Abidjan, ahead of the Annual Meetings of the Board of Governors of the African Development Bank (AfD
It is always the fun bit that we focus on when thinking about major world tournaments. There is the other side, which has corporate gurus and the business world talking. The opportunities and benefits of hosting the 2010 World Cup have been highlighted by a couple of bloggers from across the continent; mainly from South Africa – the host of course.
