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Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping’s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa’s President Cyril Ramaphosa said at a joint news conference with Xi on […]

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

Cameroon’s economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International Monetary Fund (IMF) said.   Growth was slower in 20 17 because of a sharp decline in oil output but new […]

World Bank Invests $10.7bn In Nigeria

World Bank Invests $10.7bn In Nigeria

WORLD Bank Group has invested about $10.734 billion in projects and programmes in Nigeria. The bank’s delegation of 10 executive directors which visited the country last week, said it was excited with the economy’s return to growth and pledged more collaboration to accelerate the growth rate. The breakdown of the bank’s total investment showed that […]

Entertainment Sector Holds Prospects For $1bn GDP Growth By 2020

Entertainment Sector Holds Prospects For $1bn GDP Growth By 2020

The Federal Government, through its Economic Recovery and Growth Plan (ERGP), has begun exploiting the entertainment and creative industry to milk at least $1 billion by the end of 2020. The target aligns with government’s policy which seeks to discourage over-dependence on oil earnings, especially with the entertainment and creative sectors reported to have contributed […]

Let’s Teach Women To Maximise Natural Resources For Financial Growth

Let’s Teach Women To Maximise Natural Resources For Financial Growth

This contribution draws on time spent interviewing, walking with villagers and witnessing the eroding base of women’s security and empowerment in rural and informal sectors in some African countries, a trend that has heightened in the last decade. The countries in question share some common features: a colonial legacy of peoples displaced from their ancestral […]

Dangote Canvasses Expansion Of Non-Oil Sector

Dangote Canvasses Expansion Of Non-Oil Sector

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stressed the need for Nigeria to diversify her economy by expanding its non-oil sector. Speaking as special guest at the third edition of the Kaduna Economic Investment Summit (KADINVEST) in Kaduna, Dangote said: “Given the capricious nature of crude oil prices, Nigeria must […]

Nigeria Inflation Eases For First Time In 15-months In Feb: Stats Office

Nigeria Inflation Eases For First Time In 15-months In Feb: Stats Office

Nigeria’s inflation rate bucked the trend in February to fall to 17.78 percent, its lowest level in 15 months, driven by a slower rise in general price levels, the National Bureau of Statistics said on Tuesday. Inflation had risen to 18.72 percent in January, its 12th monthly rise and its highest level in more than […]

World Bank Slashes Nigeria’s Growth Forecast

World Bank Slashes Nigeria’s Growth Forecast

The World Bank has cut Nigeria’s economic growth forecast for this year, citing weakness from oil-output disruptions and low prices. The bank, in its semi-annual Global Economic Prospects report, expects Nigeria to grow by 0.8 per cent, down from an estimate of 4.6 per cent in January. Growth could pick up to 3.5 per cent […]

Here’s How The Economic Slowdown Could Foil A Clinton Presidency

Here’s How The Economic Slowdown Could Foil A Clinton Presidency

Much has been written about the economic consequences of the slowdown in economic growth in recent years, but what about the political implications? If the slowdown continues, and there is reason to believe that it will, how will it affect the ability of the next president to implement his, or more likely her, economic agenda? […]