Archive | July, 2014

Nigeria could become a top-20 global economy – McKinsey report

Nigeria could become a top-20 global economy – McKinsey report

Despite facing major challenges, including terrorism and extreme poverty, Nigeria has the potential to become a major economic force in the coming decades, a recent report shows. The McKinsey Global Institute (MGI) report, Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy, says this West African nation of 180 million people has the potential to […]

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 Release imprisoned journalists and bloggers, CPJ tells Ethiopia

Release imprisoned journalists and bloggers, CPJ tells Ethiopia

Ethiopia, the Horn of Africa nation that houses the headquarters of the African Union is a real hell for independent and outspoken journalists. Dozens of journalists and bloggers are currently jailed there – some in undisclosed locations – in inhuman conditions. The Committee to Protect Journalists (CPJ) continues to call for their unconditional release, and […]

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  $50-billion’s loan portfolio for BRICS’ New Development Bank

$50-billion’s loan portfolio for BRICS’ New Development Bank

The newly-launched New Development Bank, an initiative of BRICS (Brazil, Russia, India, China and South Africa), will initially provide loans to the value of US$50 billion, reports from Johannesburg said this week. This amount highlights the potential the institution will offer to discover new sources of economic growth for the various nations, Charles Brewer, MD […]

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East Africa’s oil and gas discoveries to kick-start economic transformation

East Africa’s oil and gas discoveries to kick-start economic transformation

East Africa’s oil and gas discoveries are set to fundamentally transform the economies of the region as the fuel resources usher in new investment in road, rail, power and industrial infrastructure, South Africa’s Standard Bank said this week. Experts said recent oil and gas discoveries in Uganda, Kenya, South Sudan, Ethiopia, Tanzania and Mozambique have […]

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Durban gospel group launches first album

Durban gospel group launches first album

South Africa’s Kwamashu Praises Jesus (KPJ), a 13-member gospel group established in 2012 by Bheki Ntshingila, has finally launched its first album titled Prayer for Our nation. The album, as well as their music, is a mixture of traditional, contemporary and modern gospel music suitable for all ages. Gospel fanatics can jam and dance to […]

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South Africa’s poverty, disability to be debated at a Johannesburg seminar

South Africa’s poverty, disability to be debated at a Johannesburg seminar

South Africa might be Africa’s richest nation and second-biggest economic powerhouse behind Nigeria, but at least 45% of its population is poor, and struggling to make ends meet. The country also boasts quite a number of disabled people who seem to be marginalised, and denied of work and business opportunities that could have improved their lives, […]

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