Tag Archives: Economies
Economies: Latest News
Kurt Davis Jr., 10:55 am AFKI Original
Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa remains a continent with great investment potential, and African economies continue to make efforts to attract investors from around the globe. With a population of over one billion people and rapidly growing middle class, Africa offers significant opportunities to invest in the continent’s non-commodities sectors such as financial services, construction, and manufacturing, amongst others. Here are the 12 most attractive African economies to invest in for 2017.
Staff, 7:19 pm
Countries conventionally seen as resource-poor, like Ethiopia and Rwanda, maintained higher growth in 2016 — as high as 8% in agriculture-heavy Ethiopia, despite the worst drought in decades. Successful African economies focused on expanding and diversifying to attract foreign investment. Some economists predict improvement in African economies in 2017 as commodity prices rise. Others are less optimistic that resource-dependent countries can change tack at this point. Diversification doesn’t happen overnight.
Dana Sanchez, 10:40 am
Women must get a husband’s permission to obtain identity cards in at least two African countries. However there are many African countries where women have unequal access to property, land and tenure rights. This hinders women from contributing to their countries’ economic growth, the African Development Bank says. The finance institution was established in 1963 to contribute to African economic development and social progress. It provides financing to African governments and private companies. So how much money are we talking about? In 2015 alone, AfDB disbursed $8.8 billion US.
Kurt Davis Jr., 10:11 am AFKI Original
It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.
Dana Sanchez, 3:27 pm AFKI Original
With investors showing increased interest in African equity and bond markets and through direct investment, data issues are getting more urgent. Accurate and transparent statistics are essential indicators of economic potential, economists say. African countries generally fail to accurately record the size of the informal economy which could account for up to 62.7 percent of GDP. Three of the 10 countries listed here are expected to see their GDPs decrease in 2016. For others, it’s still Africa rising. Here’s what we know.
Dana Sanchez, 12:52 pm
The top three investor economies to Africa in 2015 were the U.S., ($66 billion), the U.K. ($64 billion), and France ($52 billion), according to a new U.N. report. China’s investment in Africa more than tripled to $32 billion in 2015, making it the fourth-largest investor on the continent. South Africa was the fifth largest investor in Africa at $26 billion. Investment into Africa overall was down 7 percent and South Africa was one of the biggest losers.
Dana Sanchez, 10:54 am
Investment in HIV/AIDS treatment is paying off. From 2000 to 2015, all sub-Saharan African countries saw life expectancy rise. Seven African countries are notable for their health care systems. This provides an upbeat alternative to the gloom of the Africa falling narrative that questions the growth of Africa’s much-hyped rising middle class and charges African leaders with poor governance.
Staff, 1:14 am
An overly bureaucratic system is not unique to Nigeria. African countries that rank highest globally for ease of doing business are relatively small economies like Mauritius, ranked No. 32 globally, Rwanda at No.62 and Botswana at No.72. South Africa, the continent’s second-largest economy, ranked No.73 globally out of 189 countries compared to Nigeria at No. 169, according to World Bank’s Doing Business report.
Staff, 3:58 pm
The West’s fragile economies are not in the position to bail out BRICS and the motivation is not there, especially since BRICS burned a lot of bridges by claiming the mantle of the future of global leadership. If BRICS is going to turn around its sinking economies, it needs to give its people more freedom, shrink the size of government, make regulations less onerous, and cut taxes. Otherwise the West will continue dominating global affairs for the foreseeable future.
- Real Estate