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The economic landscape of sub-Saharan Africa has changed dramatically since the mid-1990s, with stagnation giving way to dynamism in a broad swathe of countries.
Aggregate GDP growth climbed from less than 2.5 percent in the 1990s to around six percent in 2003–07. The region has also begun to make headway in poverty reduction and on achieving the Millennium Development Goals. ..... |
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Plans to bring Ghana’s gas resources online first are almost a reality with the arrival of FPSO Kwame Nkrumah, probably signalling the dawn of reliable energy supplies.
The state-of-the-art floating production storage and offloading vessel FPSO Kwame Nkrumah (named after Ghana’s first president who had a vision of harnessing the country’s energy resources for rapid industrialisation) arrived in the country on June21st amidst surprisingly subdued celebrations - but certainly undampened high spirits of Energy Minister Dr. Joe Oteng-Adjei who plans to bring Ghana’s gas resources online; first, from the Jubilee Field that is set to turn sub-Sahara Africa’s first independent country into a significant oil producer by the close of 2010.
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Have you lost money because your local currency depreciated against major currencies? What is your hedging strategy?
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Although Africa’s medium- and long-term development challenges remain large and complex, the progress underway is remarkable and undeniable according to a new study from the World Bank’s Africa Region......
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Following five consecutive years of double-digit growth the Angolan economy exhibited flat growth in 2009, with authorities putting growth at a rather optimistic estimate of 1.3% as a result of a global economic meltdown.
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By many indicators, Ghana surpasses most development benchmarks for low-income countries ..... |
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The saying that ‘crime thrives in an environment of anonymity’ holds true in Nigeria, where government doesn’t have a national identity database of its citizens.
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The newly appointed Director-General of Securities and Ex-change Commission (SEC), Ms Arunma Oteh, has not hidden her intention to bring positive changes to the Nigerian capital market......
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Having long discovered that foundation of building a successful business rests on fortitude, sincerity and a sense of community ownership, she neither subtracted from nor added anything to that insight. ..... |
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The signs have been there for sometime now that South Africa’s ruling alliance now resembles the metal figure in the Biblical Chaldean King of Babylon Nebuchadnezzar’s dream: the figure had feet of iron and clay.
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