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A BRICS bank: can it outdo the World Bank?

A BRICS bank: can it outdo the World Bank? | Centre for Dynamic Markets | Scoop.it
They might have added that the environmental and human resettlement safeguards adopted by the World Bank after decades of lobbying by (mainly western-based) NGOs have made its infrastructure lending complex and expensive for borrowers. Hostility to the effects of big dams, for example, means the bank has only a handful of large hydropower projects worldwide. The creation of the bank has revealed how delicate are these negotiations. China, which could easily finance an institution several times the size of the BRICS bank on its own, and whose high credit rating will be enormously helpful, had to be persuaded to accept a minority shareholding. Essentially, Beijing is gaining greater credibility for international cooperation at the cost of a greater implicit financial contribution and more constraints on its action. How far it is prepared to accept the latter to gain the former remains to be seen.
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Nigeria’s 70% economy boost

Nigeria’s 70% economy boost | Centre for Dynamic Markets | Scoop.it
Nigeria's GDP grows 71% to become the 26th largest economy in the world
GIBS Information Centre / GIBSIC's insight:

Dr Lyal White also comments  -  “Nigeria has moved to be the largest economy by GDP size in Africa and has moved to be the 26th-largest economy in the world,” Finance Minister Ngozi Okonjo-Iweala said.

“On a per capita basis, Nigeria is number 121 in the world. So, we have a total GDP size where we have moved up to 26th,” the former World Bank managing director added.

The widely expected results are based on calculations taking into account a range of new sectors and industries that were negligible or non-existent in 1990. Thirteen additional industries were included to measure the country’s economy, bringing the total number of industries to 46.

These new sectors include the mobile telephones market – Africa’s largest – music and the hugely popular local film industry, Nollywood, worth 853,9 billion naira ($5,1 billion) or 1,2% of GDP.

“The rebased GDP numbers imply that the level of economic activity is much higher than previously reported,” the finance ministry said in a statement, adding that the economy was becoming more driven by the service sector.

“It indicates a clearer picture of Nigeria’s economic landscape, and the significant opportunity for growth and wealth creation in the Nigerian economy.”

South Africa’s economy was at $384 billion in 2012, according to the World Bank

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Africa’s average economic growth to rise to 5.7 percent in 2015 -AfDB | BusinessDay

Africa’s average economic growth to rise to 5.7 percent in 2015 -AfDB | BusinessDay | Centre for Dynamic Markets | Scoop.it
GIBS Information Centre / GIBSIC's insight:

Africa rising - economic growth : "Underscoring the “Africa Rising” narrative, the AEO 2014, published by the African Development Bank, the OECD Development Centre and the United Nations Development Programme, portrays a continent buoyed by the robustness of its critical development indices that have bested global averages in recent years.  According to the publication, Africa grew by about 4%, on average in 2013, compared to 3% for the global economy. Growth, however, has been marked by wide variations across regions and income groups. Sub-Saharan Africa performed better posting 5% growth in 2013 and projected to reach 5.8% in 2014. East and West Africa recorded the fastest growth, above 6%, while the low-income countries also recorded growth of above 6%, compared to the below 3% growth recorded by the upper-middle-income countries in North and Southern Africa.  “Africa’s medium-term growth prospects have improved, on the back of broader political and social stability at home and recovering economic conditions abroad. In some countries and regions, growth is projected to return to levels last seen before the onset of the 2009 global recession,” the report said.

External financial flows to Africa are also on the rise and expected to surpass US $200 billion in 2014, four times their 2000 level in response to the growing investment opportunities on the continent"

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Nigeria - Boko Haram, a toxic and deadly mix of religion, politics and ‘exclusion’

Nigeria - Boko Haram, a toxic and deadly mix of religion, politics and ‘exclusion’ | Centre for Dynamic Markets | Scoop.it

Haram -Boko Haram plans to overthrow secular Nigerian government and establish a ‘pure’ Islamic state in northern Nigeria. Is the threat real or over-blown media hype?

GIBS Information Centre / GIBSIC's insight:

Nigeria, Boko Haram -  "Nigeria has an estimated population of 170 million with a religious composition of an equal ratio of Christians and Muslims; most Christians live in the southern part of the country whilst the Muslims mainly live in the north. Although Nigeria is a secular state, religion has and continues to play a dominant role in Nigerian politics; the clearest evidence of this occurred when the former President of Nigeria Olusegun Obasanjo legitimatised the implementation of sharia law as a basis of the executive and judicial branches of government in twelve of the nineteen states in the northern part of Nigeria in 1999-2000.   -   Religious extremism is an ideology considered to be far outside the mainstream attitudes of society. "

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Asian middle class key to Australia holding top growth spot, says Deloitte report

Asian middle class key to Australia holding top growth spot, says Deloitte report | Centre for Dynamic Markets | Scoop.it

iaSERVICING the changing needs of the rising middle class in Asia is the key to maintaining Australia’s position as the fastest growing developed Western nation in the world in the coming decade, a report says.

GIBS Information Centre / GIBSIC's insight:

Asia's middle-class- "The Deloitte report, Positioning for Prosperity, identifies another 19 smaller growth pockets that could contribute a further $150 billion as the Australian economy pivots away from being a quarry to a provider of key services for ­increasingly affluent Asian markets.  -  China’s upper middle class is forecast to include more than half of the country’s urban households by 2020 — up from just 14 per cent in 2012.  -  After a period of bad news and rising unemployment as the mining boom slows, report co-author Deloitte partner Chris Richardson is upbeat Australia will benefit from a period of stable economic growth in Asia.  -  “Our future prosperity will come from a more diversified spread of sectors, enabling Australia to remains the fastest-growing developed Western nation in the world in the coming decade,” he said.  -  “Asia’s boom is not ending. It is just changing and Australia is well positioned to exploit these opportunities especially in tourism, wealth management and food processing as we are a trusted brand — for being boring and safe.”

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U.S. Investments Surge For African Tech Entrepreneurs | TechCrunch

U.S. Investments Surge For African Tech Entrepreneurs | TechCrunch | Centre for Dynamic Markets | Scoop.it
From the largest technology companies to early stage investors, American high tech companies and venture capitalists are increasingly supporting startups..
GIBS Information Centre / GIBSIC's insight:

Dynamic markets - "And Africa’s community of entrepreneurs is only growing. Those IBM Innovation Centers in Lagos and Casablanca will give founders of new tech companies access to IBM technology and expertise around big data, analytics, and cloud computing, as well as skills training and business and marketing support.

“In the last decade we’ve seen a lot of transformation [in Africa]. There’s increased stability and a lot of bandwidth that’s come on line, tremendous economic growth, plus a lot of infrastructure being built and a lot of foreign investment,” said Solomon Assefa, an IBM researcher and vice president of Science and Technology.

Assefa, who also currently serves as a Program Manager for Growth Markets and Strategic Initiatives in Science and Technology at IBM,  said the goal is to create an ecosystem where entrepreneurs can create new products using existing technologies. “We believe Africa is vital and we think IBM is going to be very very essential for productive growth and development.”"

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IoD Connect - Doing business in Africa

IoD Connect - Doing business in Africa | Centre for Dynamic Markets | Scoop.it
GIBS Information Centre / GIBSIC's insight:

IoD Director General: " . . .Africa’s growth over the last decade has been driven almost entirely by the extractive industries, and it’s been concentrated in the hands of a few at the very top. For too many Africans, the commodities boom remains something they’re aware of, rather than something they’re part of. The notion that another decade of extractive industry will simply pull millions out of poverty is a flawed one. The 2013 Africa Progress Report sets out the case quite clearly, saying:


“Too many extractive industries operate as enclaves insulated from the national economy. They create few jobs and have weak linkages to local firms or people. They add little in value production.”

There are encouraging changes taking place in this area, not least a move towards greater transparency. This is not a buzz word or an empty phrase to be found in the pages of a corporate brochure. Or if it is, it shouldn’t be.  -  Transparency is the new competition – driving up standards, engaging communities, creating a level playing field from which all companies stand to gain. If my first recommendation is that every company, big or small, leads by example, my second plea is that transparency becomes the new normal at the heart of all commercial enterprise."



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Rwanda and Nigeria are Africa's most promising markets for global retailers, according to consulting firm A.T. Kearney

Rwanda and Nigeria are Africa's most promising markets for global retailers, according to consulting firm A.T. Kearney | Centre for Dynamic Markets | Scoop.it
Rwanda and Nigeria are Africa's most promising markets for global retailers, according to consulting firm A.T. Kearney, as foreign investors look at all corners of a continent where a new middle class is expected to keep growing.
GIBS Information Centre / GIBSIC's insight:

Retail, Rwanda, Nigeria -  "Global consultancy AT Kearney in its African Retail Development Index (ARDI) released on Monday said “Rwanda ranks at the top thanks to its focus on reforming the business climate and seeking to attract foreign investment.”

The result, which is based on Market Size, Market Saturation, Country Risk and Time Pressure, is designed to help large, organized retailers as well as other industry sectors that offer communications and telecoms, financial services and infrastructural services to identify the most attractive African markets for retail expansion.

It identified Rwanda, Nigeria, Namibia, Tanzania, Gabon, Ghana, South Africa, Botswana, Mozambique and Ethiopia as top places for retail expansion in Africa, respectively.

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Africa hits a bump on the road to prosperity - BusinessDay

Africa hits a bump on the road to prosperity - BusinessDay | Centre for Dynamic Markets | Scoop.it
Africa hits a bump on the road to prosperity
BusinessDay
South of the Sahara, economies have flourished over the past decade, earning the continent the moniker 'Africa Rising'.
GIBS Information Centre / GIBSIC's insight:

sub-Saharan Africa -

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New rivals a concern for LatAm outlook - Business Reporter

New rivals a concern for LatAm outlook - Business Reporter | Centre for Dynamic Markets | Scoop.it
A nationalist approach to investment capital is increasingly anathema

For the world’s leading private equity houses, the ability to raise and deploy capital efficiently around the world is param
GIBS Information Centre / GIBSIC's insight:

Diverse sectors, geography:  " The emerging markets of 2014 are diverse in terms of sectors and geography and there is a wider range of jurisdictions competing for investment. For natural resources there are Mongolia and west Africa, South Korea for electronics and Africa for telecoms. Depending on the sector, there are emerging markets in North America and Europe.

As formerly favoured emerging economies begin to normalise, we also have the new breed of developing markets moving into the spotlight which appear attractive to international investors in terms of the right balance of high risk and high reward, such as Mongolia and Indonesia.

In an increasingly global economy, the need to put capital to work in an efficient manner has never been more critical.

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Massmart vies for Shoprite’s slice of the African pie | DestinyConnect

Massmart vies for Shoprite’s slice of the African pie | DestinyConnect | Centre for Dynamic Markets | Scoop.it
Gain business acumen, great lifestyle tips, build and hone your entrepreneur sklls through a diverse and global network. Stay abreast with current news both locally and internationally, subscribe to our newsletters, register your profile, network online,
GIBS Information Centre / GIBSIC's insight:

Dr Lyal White - ' . . . economist and director of the Gordon Institute of Business Science’s (Gibs) Centre for Dynamic Markets says a ‘one-size-fits-all’ approach to the West African market, and particularly Nigeria, will never work because the operating environment, aspirations and consumer needs differ from region to region. Instead, retailers or businesses trying to expand into various African regions requires a “granular approach”.

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After BRICs, Jim O'Neill says invest in the MINTs

After BRICs, Jim O'Neill says invest in the MINTs | Centre for Dynamic Markets | Scoop.it
British economist Jim O’Neill is now looking to Mexico, Indonesia, Nigeria and Turkey, collectively MINTs, as emerging markets with great potential.
GIBS Information Centre / GIBSIC's insight:

BRICs, MINTs - investment:


"All have young labour forces, which gives them the demographics to power growth over the next 20 years,"

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Why does this investment guru say emerging markets are worth the risk?

Why does this investment guru say emerging markets are worth the risk? | Centre for Dynamic Markets | Scoop.it
As executive chairman of Templeton Emerging Markets Group, Mark Mobius has connected the dots allowing international investment in foreign markets.
GIBS Information Centre / GIBSIC's insight:

Mark Mobius- "More recently, as investors move away from emerging markets, Mobius remains confident in the long-term value of emerging market investing. In a Jan. 30 blog post he explained, saying:

"The bottom line for emerging markets, as I see it, is that the long-term investment case hasn't dramatically changed. And I don't see it changing as long as these three themes remain in place: emerging markets' economic growth rates in general continue to be at least three times faster than those of developed markets; emerging markets have much greater foreign reserves than developed markets; and the debt-to-GDP ratios of emerging market countries generally remain much lower than those of developed markets."

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Why You Should Care About the Central African Republic - World News Report

The most comprehensive geo-political news service available on the Internet, covering over 263 countries and regions, all U.S. States and Industries.
GIBS Information Centre / GIBSIC's insight:

CAR  -  "population 4 million, landlocked and the size of Texas, home to militant groups and undergoing a brutal civil war. On the surface, these facts are easily looked over. Just another African country dealing with the often depicted stereotypes of rebels, machetes and violence.      -    Despite individual feelings of not wanting to get involved, according to the 1948 Genocide Convention, the international community has an absolute responsibility to get involved and do their best to prevent acts of genocide when they occur.    The UN has developed a mandate for multi-dimensional stabilization mission (MINUSCA) which will include assistance programs, translations, disarmament and reintegration. However, despite the focus on civilians, we also need to focus on drawing peace between the Seleka groups and Anti-balaka movement. While French and AU troops are currently on the ground, far more reinforcements are needed in the country if peace is ever to be achieved.



       

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Africa Foreign Investment Expected to Hit $80 Billion

Africa Foreign Investment Expected to Hit $80 Billion | Centre for Dynamic Markets | Scoop.it
South Africa and Nigeria are the top receivers of foreign investment in Africa where foreign contributions are expected to reach $80 billion this year
GIBS Information Centre / GIBSIC's insight:

Investments Africa - 

The U.S., the U.K. and France still lead the foray. The three countries combined were holding the biggest stock in Africa investments in 2012 -when the latest data is available for- totaling $178.2 billion. The so-called Brics countries -Brazil, Russia India, China and South Africa- collectively held investments worth $67.7 billion of which $27.7 billion were Chinese. - 

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The truths and fictions of the Africa rising story

The truths and fictions of the Africa rising story | Centre for Dynamic Markets | Scoop.it

promting brand AgfInsight into business in Africa

GIBS Information Centre / GIBSIC's insight:

Promoting brand Africa - "Africa looms large on the radar of many multinationals because it offers greater potential than waning traditional North American and European markets. Africans need to market and brand the continent in such a way that it becomes irresistible to foreign investors.  -  With over 50 countries, hundreds of languages, many cultures and religions, Africa is so huge and so diverse, that it is hard to try and brand it as a single entity. What counts in its favour is that Africa, as an independent continent, is only 50 years old. By shaking off its colonial baggage it can brand itself afresh. So, governments must attempt to brand their countries, regions and continent as a place where stable democracy and rule of law are the order of the day, and where infrastructure development is a priority.   -   Germany – as a brand – is synonymous with efficiency and technology. Italy is synonymous with style and design excellence. Africa has a unique brand attribute that can be used to attract investors. It is a place with friendly people who want to play their part in the rising continent, where potential growth is huge. Africa abounds in opportunities in   the retailmanufacturingmineral resource, agriculture, hospitality and energy sectors. The narrative of the African rising story is constantly being rewritten and often the truth seems to be stranger than fiction. And as the story unfolds and reveals itself, the outcome seems much more positive than was previously imagined."

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How to Profit From Emerging Market Consumers

How to Profit From Emerging Market Consumers | Centre for Dynamic Markets | Scoop.it

cnsumerismThe growing wealth of emerging market consumers is a theme that presents rich opportunity for savvy investors, with fund managers pointing to China as the region of focus.

GIBS Information Centre / GIBSIC's insight:

consumerism , EM -  " emerging market middle-class consumers are estimated to reach 960 million by 2020 against just 77 million baby boomers in the U.S. In addition, emerging markets will add an average $1.2 trillion of consumer spending to the global economy per year between 2012 and 2016 according to MasterCard, while developed markets will add just $700 billion annually."

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Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub

Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub | Centre for Dynamic Markets | Scoop.it
Angola’s main port installed new cranes and provided more training to reduce its cargo unloading time by 80 percent as the government reviews a plan to build Africa’s biggest shipping terminal.
GIBS Information Centre / GIBSIC's insight:

Angola - " Container traffic at Luanda has more than doubled over the past five years to 912,900 20-foot equivalent units in 2013, according to Bengue. While that’s only a third of the containers handled at Durban last year, Angola is planning a new port at Dande, 50 kilometers (31 miles) north of the main Empresa Portuaria de Luanda EP. That facility would challenge the South African port as a regional hub for landlocked countries such as copper-rich Zambia, Bengue said.  Busiest Port  -  Durban, Africa’s busiest port according to the Port Management Association of Eastern and Southern Africa, handled 44.8 million metric tons of cargo in 2013-14, the port’s Business Strategy Manager Marina Petersen said on April 24.

Luanda port processes about 80 percent of cargo shipped to Angola, where imports account for almost all of manufactured goods in the market as the country recovers from a 27-year civil war that ended in 2002."

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How the youth of Latam are leading the charge for change

How the youth of Latam are leading the charge for change | Centre for Dynamic Markets | Scoop.it
We’re always speculating about the next big thing – what will it be, where will it come from, how will it change our lives? But...
GIBS Information Centre / GIBSIC's insight:

Henk de Jong, CEO Philips LatAm


It’s a renaissance propelled by youth, a testament to the human capacity to overcome adversity and tap into our innate talents and aspirations. We can certainly learn a lesson from the mixed experiences of Latin America’s young population. And while the continent saves for its future, it has a golden opportunity to re-imagine its social institutions – better education, innovative home healthcare, telemedicine, access to the latest equipment and improvements in infrastructure.

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Ten emerging countries hot on the heels of the BRICS - International | Moneyweb

Ten emerging countries hot on the heels of the BRICS - International | Moneyweb | Centre for Dynamic Markets | Scoop.it
Moneyweb - Breaking news, independent analysis, latest JSE share prices, exchange rates and data on investment, finance and business in South Africa
GIBS Information Centre / GIBSIC's insight:

Emerging countries, dynamic markets - " (Insurance group) . . . Coface broke the 10 new emerging economies it has identified into two groups.  -  The first comprises Peru, the Philippines, Indonesia, Colombia and Sri Lanka, which it named the PPICS. They had "strong potential confirmed by a sound business environment," Coface said.

The second group comprises Kenya, Tanzania, Zambia, Bangladesh and Ethiopia.  But these countries are marked by "very difficult or extremely difficult business environments which could hamper their growth prospects," Coface said."

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Phenomenal Growth Expected In Nairobi’s Commercial Real Estate Market

Phenomenal Growth Expected In Nairobi’s Commercial Real Estate Market | Centre for Dynamic Markets | Scoop.it
AFRICANGLOBE - Kenya’s capital Nairobi will continue to experience “phenomenal” growth in the commercial real estate market as the entry of multinationals, growth of local enterprises and an expanded government push demand for office space.
GIBS Information Centre / GIBSIC's insight:

Nairobi-  "One such investor is London-based private equity firm Actis which expanded its Nairobi Business Park development in 2012 and began work on Garden City, a mixed use development that will host the region’s largest retail centre and residential and office estate.

“The Kenyan property market is very vibrant. Capital appreciation is high in Kenya and there are good returns in terms of yields. That is why you are seeing a lot of international players coming in,” says Gitonga.  In recent years corporate firms have relocated from the CBD into suburbs such as Upper Hill, Kilimani and Westlands to evade the city’s infamous traffic jams.  For instance, emerging business district Upper Hill hosts the World Bank, Equity Bank Group head office, Coca-Cola East and Central Africa office headquarters, the World Health Organisation, British High Commission and Embassy of Japan."

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Ethiopia: Forget BRICs and meet PINEs says TIME magazine - Nazret.com (blog)

Nazret.com (blog)
Ethiopia: Forget BRICs and meet PINEs says TIME magazine
Nazret.com (blog)
Emerging markets are taking a beating these days, most of all the famous BRIC economies — Brazil, Russia, India and China.
GIBS Information Centre / GIBSIC's insight:

BRICS, PINES & MINTs

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‘One size fits all’ marketing by global companies fails in Africa - FT.com

‘One size fits all’ marketing by global companies fails in Africa - FT.com | Centre for Dynamic Markets | Scoop.it
When a television advertising campaign promoting Indian mobile phone company Bharti Airtel in Africa fell flat a few years ago, the marketers went back into the cutting room to work out why.
GIBS Information Centre / GIBSIC's insight:

GIBS DMI -

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Africa in Transition » African Economies: Growing Quickly But Transforming Slowly

Africa in Transition » African Economies: Growing Quickly But Transforming Slowly | Centre for Dynamic Markets | Scoop.it
This is a guest post by Diptesh Soni. Diptesh is a master’s degree candidate at the Columbia University School ...
GIBS Information Centre / GIBSIC's insight:

CFR  - African Transformation report   " . . .  compares a group of fifteen African countries to the performance of sub-Saharan Africa at large, as well as eight comparable countries that have already undergone economic transformations, six of them in Asia and two in Latin America. Overall, it shows how countries that previously transformed exhibited higher savings rates, higher levels of output per worker, greater diversity in exports, and higher levels of technology than is true in Africa today."

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Oil, minerals but where are Africa’s intellectuals?

Oil, minerals but where are Africa’s intellectuals? | Centre for Dynamic Markets | Scoop.it
After a long time of watching news on BBC and CNN (and Fareed Zakaria’s Global Public Square on the latter), one thing strikes you: No matter the crisis, in Africa, Middle East, Europe, or some remote corner of the world, they will always find a scholar or expert from an American, British, or a European university (or an author on the subject) to interview.
GIBS Information Centre / GIBSIC's insight:

Intellectuals, Africa - "Our situation is so bad, the last time I checked (a few days ago), there was not a single prestigious peer-reviewed pan-African journal anymore. All the better journals on Africa are produced by Western institutions and universities.

The scholars and universities can only be blamed a little. They are poorly paid in most of Africa, and in some countries they have to brew moonshine in their bathtubs or drive special hire cabs part-time to make ends meet. The primary blame is on governments, and how they use professors.  On the other hand, who has not met an American professor who was or is a consultant for the State Department, Energy Department, or Defence?  With us, a government will send troops to Somalia without consulting the leading researcher on Somalia. And if they tried, they will not find one. It’s an egg and chicken progress, yes, but if we don’t solve it, we shall never see the age of African Empire."

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