Africa’s Banking Sector
Nice articles from the Economist about Nigeria’s strong but volatile banking sector….and banking in developing countries in general (Chinese and Western banks flocking to Africa). http://www.economist.com/node/16078500?story_id=16078500&CFID=143594228&CFTOKEN=87017455 http://www.economist.com/node/17043662
Read Full Post | Make a Comment ( None so far )Is Africa on the Verge of Major Economic Growth?
The Nigerian finance minister and other economists think so. They are predicting 10% economic growth per year in the next year(s), and think Nigeria’s economic growth could exceed that of China. Nigeria set for 10% economic growth: http://www.csmonitor.com/World/Africa/Africa-Monitor/2010/0914/Nigeria-poised-for-big-growth-aims-to-be-the-next-BRIC-country Africa’s richest man says (in a CNN interview) that “Nigeria is really the best place to invest.It [...]
Read Full Post | Make a Comment ( None so far )Africa: The Next Destination for Investment?
I would appreciate the input of the economic, investment and finance people out there. In this era of economic doom and gloom, African economies resisted the global recession and handled it quite well. Going forward, many analysts highlight Africa as a region for future economic investment and return. Nigeria and South Africa especially have a [...]
Read Full Post | Make a Comment ( 4 so far )Nigeria’s Economy Set to Grow by 10%
At a time when most economic news tends to be doom and gloom about jobs (or lack thereof!), unemployment, poor housing and stock markets….some good economic news from west Africa – Nigeria precisely. http://www.bbc.co.uk/news/business-11184315 Nigeria’s economy is predicted to record 10% (yes TEN PERCENT) growth by the end of 2011 or early 2012 – at [...]
Read Full Post | Make a Comment ( 4 so far )Will Africa be the Next Bric?
For you economists out there this might be interesting reading. Despite the global recession, many African economies have held up quite well. So will Africa become the next “BRIC” emerging economic force? (BRIC is the acronym for Brazil, Russia, India and China – the emerging economies that could challenge the world’s developed economies). The debate [...]
Read Full Post | Make a Comment ( None so far )Slow Death of the American Middle Class
Very sobering article about the impact of the global recession on the American middle classes. The stats are downright frightening: • Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years. • 61 percent of Americans “always or usually” live [...]
Read Full Post | Make a Comment ( 2 so far )“Dirty Money” – Australian Involvement in Nigerian Corruption
http://www.abc.net.au/4corners/special_eds/20100524/money/ More tales of corruption. This is a “Four Corners” documentary by Australia’s ABC network allegedly that an Australian currency company (called Securency) was involved in bribing foreign countries (including Nigeria) and providing them with prostitutes. Apparently bribes were paid to facilitate a deal with the Central Bank of Nigeria. Full documentary at the link [...]
Read Full Post | Make a Comment ( 2 so far )Aliko Dangote – Africa’s Richest Man?
For a man who is supposed to be Africa’s richest man, you don’t hear much of Aliko Dangote. In a country where many people’s riches are tied to the oil industry, Dangote made his fortune in myriad industries. His Dangote Group of companies is a formidable conglomerate with operations across Africa and interests in sugar, [...]
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