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  • Sub-Saharan Africa’s economy set to grow by 5.2% in 2014 – World Bank

    The economy of sub-Saharan Africa is set to grow by 5.2% in 2014, down from 4.7% in 2013, according to World Bank forecasts published recently in Africa’s Pulse. Mining investment of natural resources and infrastructure, and strong household spending are set to boost that  performance, Africa’s Pulse said. “Economic growth continued to rise from 4.7 [...]

Ghana’s oil money flows, but fails to alleviate poverty

Rising homelessness, teenage prostitution, high unemployment, inconsistent water and electricity supply, uncollected waste, high food prices, skyrocketing cost of life, failed election promises, increasing number of Ghanaians seeking to get to Europe, violent crime, among others. This is pretty much the current picture of Ghana, this West African nation of 26 million people, Africa’s fourth-largest [...]

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DHL reacts after Nigeria overtakes South Africa as Africa’s largest economy

Nigeria has overtaken South Africa as Africa’s largest economy, figures from Nigeria’s Bureau of Statistics showed yesterday. The Bureau of Statistics has reported that the Gross Domestic Product (GDP) of this West African nation of 170 million people and Africa’s biggest oil producer reached 80.22 trillion naira (US$509.9 billion) in 2013, up from the 42.3 [...]

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Eastern Africa’s oil and gas investments to be discussed at Kenya summit

The fifth Eastern Africa conference on oil and gas will be  held in Nairobi, Kenya, on 28-30 April 2014 at the Intercontinental Hotel, the organisers, Global Pacific & Partners, announced last week. The gathering is expected to provide new insights into the upstream opportunities, open acreage, bid rounds, new ventures, oil and gas investments, key [...]

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UNWTO, ATTA in partnership to promote adventure tourism globally

The United Nations World Tourism Organisation (UNWTO) and US-based Adventure Travel Trade Association (ATTA) have recently formed a partnership to promote adventure tourism globally, and this should include enhancing the understanding and professionalisation of the industry, reports from Seattle said. Over the next two years, the two organisations will collaborate to conduct an economic impact [...]

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