A consortium of 19 Eastern and Southern African countries are considering establishing a common currency to expand the economic cohesion and growth of the region. The members of the Common Market for Eastern and Southern Africa include Egypt, Ethiopia, Kenya, Libya, Rwanda, Sudan, South Sudan, Uganda and Zimbabwe. A new report by the African Development [...]
African Entrepreneurs Fighting Back Chinese Invasion
September 16, 2012 | Posted by
In the last decade, Asian migrants have fanned out through southern Africa, opening shops in small towns and rural backwaters. While consumers in countries facing increasing economic hardships have come to depend on their low prices, local shop owners complain they are being forced out of business, pressuring governments to introduce restrictions on foreign traders. [...]
An Oasis For New Investment: Africa a Hi-Tech Boom, with 1.2 Billion Inhabitants
May 9, 2012 | Posted by
They say necessity is the mother of invention and they talk about “Mother Africa”. Therefore, the tech revolution had to take root to inventive others here, changing outsider perceptions of the continent. Investors, though, have been slow to tap into Africa’s tech boom. “Africa is writing history for all the right reasons now. The amount [...]
