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Africa news
IFC boosts lending to Africa
14 May. IFC boosts lending to Africa. By Reuters Dakar – The World Bank’s investment arm will increase lending to sub-Saharan Africa by up to a quarter this year as private sector companies flock to the fast-growing region, its vice-president said. Jean-Philippe Prosper said the International Finance Corporation (IFC) would make new investments of between … Continue reading
‘Unbeatable’ growth path to lift Africa
08 May. ‘Unbeatable’ growth path to lift Africa, says Gordhan. Africa is on a “potentially unbeatable” growth and development path for the next two decades, and will increasingly attract global investment, says Finance Minister Pravin Gordhan. Co-operation among Africa’s 54 states would be crucial in boosting the region’s overall annual growth rate to the 7% … Continue reading
Stop the Afro-pessimism, says Zuma
14 Apr. Stop the Afro-pessimism, says Zuma, President Jacob Zuma tells business conference that Africa is entering a new era of trade and investment. Africa is poised for economic success, but its people need to stop being pessimistic about its chances, President Jacob Zuma said on Wednesday. “We need Africans to stop being pessimistic about their continent … Continue reading
Amid the Africa hype, a contrarian view
A growing number of optimists say Africa’s economies are set for take-off and decades of Asian-style growth. A new book takes a more sober assessment of Africa’s future based on its past and skewers many projections as bug-eyed, wild and divorced from the region’s history. In “Africa’s Future: Darkness to Destiny,” author Duncan Clarke argues … Continue reading
US firm hires leading group of SA lawyers
05 Jan. US-based law firm, Dewey & LeBoeuf has snatched two leading teams of lawyers from Werksmans in preparation for a surge in economic activity in South Africa. The US-based law firm, Dewey & LeBoeuf, has snatched leading teams of lawyers from Werksmans Attorneys, a local firm, as the American group prepares for a surge … Continue reading
Africa is now one of the world’s fastest-growing regions
Much has been written about the rise of the BRICs (Brazil, Russia, India and China) and the shift in economic power eastward as Asia outruns the rest of the world. But the surprising success story of the past decade lies elsewhere. An analysis by The Economist finds that over the ten years to 2010, no fewer … Continue reading
Lagarde vows IMF will stand by Africa
International Monetary Fund (IMF) MD Christine Lagarde yesterday called for greater efforts to shield African countries from the crisis affecting developed economies. In a keynote speech to economists, academics and private sector representatives in Lagos, Nigeria, Ms Lagarde said the IMF would stand by its African members through times of economic uncertainty. “These are challenging … Continue reading
IMF Outlook for Sub-Saharan Africa
IMF Outlook for Sub-Saharan Africa Perceives Good Recent Progress on Growth and Inclusiveness, but Cautions on Downside Risks to Global Economy. The International Monetary Fund (IMF) released the October 2011 Regional Economic Outlook: Sub-Saharan Africa. Ms. Antoinette Monsio Sayeh, Director of the IMF’s African Department commented on the report’s main findings: Recent Developments “Growth has … Continue reading
Standard Bank Africa Telegraph
28 May. Standard Bank Africa Telegraph. Selected news events for 17 May – 24 May 2011. Africa The second Africa – India Forum Summit (20-25 May), is currently taking place at the African Union’s headquarters in Addis Ababa, Ethiopia. The Summit Forum falls within the framework of partnership between Africa and India. It is a … Continue reading
Standard Bank: Africa telegraph
May 17. Selected news events for 10 May-17 May 2011. The World Bank has revised its strategies for support to sustainable economic growth and development policies in Africa. World Bank country representative Kapil Kapoor said that the new 10-yr programme with a vision of not just ensuring economic growth but ultimately sustainability and job creation, … Continue reading
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