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Afrikonomics
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Economics of the African continent
Economics of the African continent

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As a result, in 2014 BSGR, the Israeli mining conglomerate, was stripped of its mining rights over Simandou by recently elected President of Guinea Alpha Conde. The battle lines were drawn and Beny Steinmetz was obviously not going to let Alpha Conde and…
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Cape Verde: 100% renewable energy by 2020 - Background The Cape Verde is an archipelago made up of ten volcanic islands, it is roughly 250 miles off the coast of Senegal in the Atlantic Ocean. In the 16th and 17th centuries the slave trade made the islands hugely prosperous, however once the slave trade was abolished in the 19th century, the islands economy went into a sleep decline, until they became a vital commercial center and stopover for passing ships. Cape Verde is one of Africa’s mo...
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Ethiopia’s ambitious railway network opens to freight - Background On October 5th, 2016 Hailemariam Desalegn the Ethiopian Prime Minister attended the opening ceremony of Africa’s first entirely electrified railway line that crosses a border between two countries. The Republic of Djibouti borders Ethiopia to both the south and west, and its capital Djibouti City is the primary port for almost all of Ethiopia’s exports and imports, almost 90% in fact. This is in part due to the fact that Eth...
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Social impact of drone technology in Africa - Background The use of drone technology is currently increasing at a very fast rate across the world, this is in part because of the hugely diverse number of ways it can be used across a wide range of industries. Drones are already being used by the military across the world for both targeted strikes and surveillance, and in sharp contrast also being used in the US as a way of delivering pizza. Some parts of Africa are already very successfully u...
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Claver Gatete, 2016 finance minister of the year - Background Claver Gatete was born on May 23rd, 1962 in Uganda where he remained until moving to Vancouver in Canada in 1991 where he attended the University of British Columbia, graduating in 1993 with a degree in Agricultural economics. He remained in Canada until 1997 where he worked as an economist before moving to Rwanda where he worked for the United Nations Development Program until the year 2000. Career progression In 2001 he began w...
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Brexit: now is the time to invest in Africa - Background All existing trade deals between the UK and Africa were negotiated within the established rules, constraints and regulations of the European Union (EU). Whilst these deals are relatively small when compared to those much of the African continent has with their biggest trading partner China, in fact in 2014 only 5% of Africa’s total exports were to the United Kingdom (UK), the economic impact of losing these current trade deals would s...
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South Africa regains Africa’s ‘biggest economy’ title from Nigeria
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South Africa’s Big four banks - South Africa’s banking sector is dominated by four big players; Standard Bank, Barclays Africa, Firstrand and Nedbank Group. Information technology costs versus total operating costs continue to grow All four of these banks are investing a significant amount of money into a number of substantial information technology projects, this is obviously driving up their IT costs to operating costs ratios, making IT expenses one of the biggest single investments being...
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Africa’s fastest growing economies - Background The World Bank has recently compiled a Global Economic prospects report in which they have detailed which countries have the highest projected gross national product (GDP) compounded annual growth rate (CAGR). Whilst the overall growth in Sub-Saharan Africa is still projected to slow in coming months, a number of countries in the region are expected to see growth as a result of fast growing young populations and the continued commitment to inv...
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Electra mining Africa 2016 - Background The Electra mining Africa event is the largest mining, electrical and industrial trade show in Southern Africa, and is one of the top three mining shows in the world. It is a unique concept that brings together and strengthens ties between producers and consumers. The 2016 4-day event is being held at the Expo Centre in Johannesburg, South Africa from September 12 – 16th. Exhibitors The event provides the opportunity for attendees to see all the lates...
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