Tag Archives: Africa Economy

Africa Economy: Latest News

  • Mobile Industry Contributed $102B To Africa’s Economy In 2014 – GSMA

    By Staff, 4:38 am

    The GSMA launched the Mobile Economy Report for sub-Saharan Africa 2015 at Mobile – 360 in Cape Town. The report found that the mobile industry in sub-Saharan Africa contributed more than US $102 billion to the region in 2014 – equivalent to 5.7% of the region’s GDP. The report also found that mobile technology is playing a central role in sub-Saharan Africa by addressing a range of socio-economic challenges

  • Zimbabwe Issues New Coins For Christmas

    By Ann Brown, 11:00 am

    From BBC Special coins issued by Zimbabwe’s central bank have gone into circulation in the run-up to Christmas. Zimbabwe abandoned its currency in 2009 due to hyperinflation and mainly uses the US dollar and South African rand. But with very few coins for these currencies in circulation, shoppers are given change in sweets or pens. […]

  • Geopolitics: Challenges Of East Africa’s Oil And Gas Boom, Part 1

    By D.A. Barber, 2:28 am AFKI Original

    Initially there was a lot of exuberance over the big oil and gas finds in East Africa, but now the reality is setting in, along with the challenges. The discoveries are important regionally for their potential to hasten economic growth through investments in road, rail and other infrastructure. While individual countries pursue their own developments, the plan for the region as a whole is to better integrate its economies across borders to enable investor companies to compete and export natural resources.

  • 10 Moments Of Hope And Change In African History

    By Mark Rausch, 8:48 am AFKI Original

    The Rwandan genocide of 1994 left nearly 1 million dead. Paul Rusesabagina, a living Oskar Schindler, hid 1,268 refugees in the luxury hotel he managed, saving their lives. Rusesabagina has since founded the Hotel Rwanda Foundation, its goal to bring awareness to preventing future genocides.

  • African Development Bank to Begin 10-Year Economic Transformation Plan

    By Makula Dunbar, 6:45 pm

    From Ghana Business News The African Development Bank Group on April 30, 2013 approved what it calls a landmark strategy that will drive the Bank’s operations in Africa for the next ten years. Approved by the Executive Directors of the Bank, the strategy spans from 2013 to 2022 and it says “the economic transformation of […]

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