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African Economy
News on the economy in African countries
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Will Ethiopian dam dry up the Nile?

Will Ethiopian dam dry up the Nile? | African Economy | Scoop.it

"Construction of the Grand Ethiopian Renaissance Dam (known as Gerd) is now about 30% complete.  Once completed, in three years, it will be Africa's largest hydropower dam, standing some 170m (558ft) tall."


Via Seth Dixon
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Albert Jordan's curator insight, April 1, 12:06 PM

In an area fraught with political instability, non state actors, and rebel groups all too willing to fight for power and the wealth that comes from it - it will be interesting to see how the conflicts shift over time as this dam gets closer to completion. Will Egypt attempt to sabotage it or will they take a more diplomatic approach and try to work with the Ethiopian government diplomatically again?  Perhaps Egypt will whisper in to the ear of Sudan or the various "rebel" groups in the region, considering diplomatic means have apparently failed so far. With Sudan's use of the Blue River also going to be affected by Ethiopia's damming, it will be interesting to see if a cooperation between Egypt and Sudan occurs. Perhaps Ethiopia would like to see a deeper conflict between Sudan and South Sudan, keeping their affected neighbor off balance.

Tracy Galvin's curator insight, April 16, 3:47 PM

It is extremely difficult to divide a river. The Ethiopians will benefit immensely from this project but the Egyptians could lose everything if the Nile dries up. This is going to be a difficult problem to solve.

Jess Deady's curator insight, May 4, 12:45 PM

There is no way the whole Nile river is going to be dried up because of this damn. Ethiopia won't let that happen. To say that the river is going to have the same amount of water in it, thats not going to happen. Obviously the Gerd is going to have a huge impact on the water supply of the Nile but it definitely isn't going to dry up the whole thing!

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S Africa seeks global action to tackle emerging markets turmoil - Financial Times

S Africa seeks global action to tackle emerging markets turmoil - Financial Times | African Economy | Scoop.it
Livemint S Africa seeks global action to tackle emerging markets turmoil Financial Times South Africa, which boasts Africa's largest economy and is the continent's only member of the G20, has seen its rand depreciate by around 18 per cent against...
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Police On High Alert As Ugandans Plot to Attack Sudanese - AllAfrica.com

Police On High Alert As Ugandans Plot to Attack Sudanese - AllAfrica.com | African Economy | Scoop.it
Police On High Alert As Ugandans Plot to Attack Sudanese
AllAfrica.com
Following the crackdown on Ugandans in South Sudan, the police here has said that some people are planning retaliatory attacks on South Sudanese leaving in Kampala.
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KCB grows fastest among top banks

KCB grows fastest among top banks | African Economy | Scoop.it
Kenya Commercial Bank (KCB) on Thursday cemented its position as Kenya’s most profitable bank with fastest half-year growth as local lenders continued to dominate over foreign multinationals.
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Transitioning Nigeria’s state owned electricity sector to a private power market

Transitioning Nigeria’s state owned electricity sector to a private power market | African Economy | Scoop.it
LONDON, United-Kingdom, September 2, 2013/African Press Organization (APO)/ — Energynet Ltd (http://www.energynet.co.uk) will be hosting the inaugural Power Investors Summit Nigeria, this coming 2 – 4 October 2013, at the Lagos Oriental Hotel,...
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Africa will Rule the World in Mobile Money, Expert Predicts, Articles | THISDAY LIVE

Africa will Rule the World in Mobile Money, Expert Predicts, Articles | THISDAY LIVE | African Economy | Scoop.it
Default Description (African countries like Nigeria, Kenya, and Tanzania have been predicted to rule the world in mobile money...
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Andrew and Tom's curator insight, April 10, 8:38 AM

Economic- The article says with Africas growing populations  and thirst for technology they will be the leader in mobile money. Experts say It would be extremely  convenient for the population.

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President of Liberia and President of African Development Bank set new course for prosperity in Africa�s fragile states

MONROVIA, Liberia, September 2, 2013/African Press Organization (APO)/ — Ellen Johnson Sirleaf, President of Liberia, and Donald Kaberuka, President of the African Development Bank Group (http://www.afdb.org/en/), launched a special high-level...
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Cape Verde has 90.5 pct mobile telephony penetration rate

Cape Verde has 90.5 pct mobile telephony penetration rate | African Economy | Scoop.it
Cape Verde’s mobile telephone service posted growth of 9.6 percent year on year in the first half of 2013 with over 457,000 subscribers in a country with a po

Via Online Africa
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End Illegal Bush Meat Trade in Western Africa

End Illegal Bush Meat Trade in Western Africa | African Economy | Scoop.it
Every day in Western Africa, endangered species are poached as bush meat. These species are then consumed directly, sold locally or illegally exported. Call for the protection of endangered species from being illegally hunted.
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Ali and bradyn's curator insight, April 9, 5:49 PM

This is a African economy article .it expresses that Every day in Western Africa, endangered species are poached as bush meat. These species are then consumed directly, sold locally or illegally exported. people want to call for the protection of endangered species from being illegally hunted

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South Africa's Amplats cuts 4800 jobs - Reuters

South Africa's Amplats cuts 4800 jobs - Reuters | African Economy | Scoop.it
South Africa's Amplats cuts 4800 jobs Reuters Job cuts are a sensitive issue in South Africa, where the unemployment rate is more than 25 percent and mine labor violence rooted in a union turf war has killed dozens of people over the past 18...
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China-Africa Economic and Trade Cooperation (2013) - China Daily

China-Africa Economic and Trade Cooperation (2013) - China Daily | African Economy | Scoop.it
China-Africa Economic and Trade Cooperation (2013) China Daily China has become Africa's largest trade partner, and Africa is now China's major import source, second largest overseas construction project contract market and fourth largest...
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Africa: Are Jacks of All Trades Trading Down Africa?

[African Arguments]My various travels across Africa have given me the opportunity to see and hear which trends, themes, and topics of conversation are gaining fast popularity in several countries.
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An agenda to boost Africa's economy - Reuters Blogs (blog)

An agenda to boost Africa's economy - Reuters Blogs (blog) | African Economy | Scoop.it
Reuters Blogs (blog)
An agenda to boost Africa's economy
Reuters Blogs (blog)
A lot can happen in a year. This time last year, U.S. businesses and NGOs bemoaned the Obama administration's perceived indifference to Africa.
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What level of growth can investors expect from Africa?

What level of growth can investors expect from Africa? | African Economy | Scoop.it
A brief investigation into the total level of growth which investors can expect to see within Africa during the near future
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Protracted strike in South Africa gold mines would hurt economy: minister - Reuters Africa

Protracted strike in South Africa gold mines would hurt economy: minister - Reuters Africa | African Economy | Scoop.it
The Star Online Protracted strike in South Africa gold mines would hurt economy: minister Reuters Africa PRETORIA (Reuters) - A protracted strike in South Africa's gold industry would harm Africa's largest economy and the government is ready to...
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Africa’s Top 10 Business Schools

Africa’s Top 10 Business Schools | African Economy | Scoop.it
                            African Business Schools aim to help their students excel in management and business education in Africa.
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Kenya: Are Bitcoins the Future of Mobile Money? | Think Africa Press

Kenya: Are Bitcoins the Future of Mobile Money? | Think Africa Press | African Economy | Scoop.it

A man enquires at an M-Pesa kiosk in Nairobi. Photograph by Tom Spender.

Want to go to the market, pay for a taxi or send money back home? In Kenya, all you need is your mobile phone.

 

Ever since Safaricom, Kenya's largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya's adult population have subscribed, and an astonishing 31% of the country's GDP is now spent through mobile phones.


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Nigeria’s middle class offers big rewards for global retailers

Nigeria’s middle class offers big rewards for global retailers | African Economy | Scoop.it
Shoprite is one of the South African groups looking beyond its saturated home market to high-growth countries, writes Monica Mark (Nigeria’s middle class offers big rewards for global retailers http://t.co/rgaBV1xyZs)...
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“THE NOBEL PRIZE FOR YOUNG AFRICAN ENTREPRENEURS ...

“THE NOBEL PRIZE FOR YOUNG AFRICAN ENTREPRENEURS ... | African Economy | Scoop.it
Best Ayiorworth, 19, has empowered over 200 young women in her home district through her microfinance lending programme while Titus Mawano's vision to get African SMMEs “in the cloud” inspired him to develop Ffene, a business management platform.

Via Skip Boykin
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Rethinking social accountability in Africa: lessons from the Mwananchi Programme | Event | Overseas Development Institute (ODI)

Rethinking social accountability in Africa: lessons from the Mwananchi Programme | Event | Overseas Development Institute (ODI) | African Economy | Scoop.it
Despite evident economic progress in Africa, inequality is slowing the rate at which growth delivers better services to poor people.

Via AFRIGAP, Chofor Che
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allAfrica.com: Burundi: World Bank Approves Emergency Funds to Support Ex-Combatants' Social and Economic Reintegration

allAfrica.com: Burundi: World Bank Approves Emergency Funds to Support Ex-Combatants' Social and Economic Reintegration | African Economy | Scoop.it
allAfrica: African news and information for a global audience (World Bank Approves Emergency Funds to Support Ex-Combatants' Social and Economic Reintegrati...
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Mall developers feel the pull of Africa's consumer boom - Chicago Tribune

Mall developers feel the pull of Africa's consumer boom - Chicago Tribune | African Economy | Scoop.it
Mall developers feel the pull of Africa's consumer boom Chicago Tribune Consumer spending accounted for more than 60 percent of sub-Saharan Africa's buoyant economic growth, the World Bank said in its Africa Pulse report in April, adding economic...
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Platform OF Entertainment: Ashish Thakkar – Africa’s Youngest Billionaire

Ashish Thakkar – Africa’s Youngest Billionaire http://t.co/iFybyPMhCQ From 6.000$ to billions, amazing story
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Barclays Africa: spreads wings over continent

Barclays Africa: spreads wings over continent | African Economy | Scoop.it
Barclays Africa is banking on higher revenue growth from newly acquired assets on the rest of the continent.
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South Africa gold miners call strike - BBC News

South Africa gold miners call strike - BBC News | African Economy | Scoop.it
BBC News
South Africa gold miners call strike
BBC News
Gold miners in South Africa have called a strike over their wage demands, to start on Tuesday, mine-owners say. The National Union of Mineworkers (NUM) has demanded rises of up to 60%.
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