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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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European Museums Plan Summit On Return of Benin Bronzes to Nigeria
A bronze sculpture of a cockerel that adorned a Cambridge University dining room is part a huge haul of looted antiquities that may presently be returned to Nigeria and neighbouring Benin Republic any minute at this time.
The British Museum will take part in a European summit to discuss the return of art seized from the Benin Kingdom, presently part of southern Nigeria, by a British punitive expedition in 1897 as "reparations" next it defied the British Empire by imposing customs duties.
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- Key Facts
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Full name: The Republic of Benin
Population: 9.1million (UN, 2011)
Area: 112,622 sq km (43,484 sq miles)
Major languages: French (official) Fon, Ge, Bariba, Yoruba, Dendi
Major religions: Indigenous beliefs, Christianity, Islam
Life expectancy: 55 years (men), 59 years (women) (UN)
Monetary unit: 1 CFA = 100 centimes
Main exports: Cotton, palm oil
GNI per capita: US $780 (World Bank, 2010)
Internet domain: .bj
International dialling code: +229
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Classroom at the rural primary school Ecole Keur Madaro near Thies, Senegal.
2016/05/28Over the last 15 years, West African governments and the international community have been successful at expanding access to primary schooling and from presently on, a ground-breaking regional learning assessment has revealed that the quality of education has remained elusive. The majority of children surveyed were not acquiring the basic literacy and math skills that are crucial for building human capital in the region.
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Africa’s 20 most attractive countries for investors – Ernst & Young
2016/05/16Despite its economy slowing down, South Africa remains Africa’s most attractive country for investors, according to the 2016 Ernst & Young Africa Attractiveness Index.
The statement evaluates evolution made in governance, diversification, infrastructures, business enablement, human development inclunding resilience to current macroeconomic challenges.
Morocco is ranked second on the index, followed by Egypt, Kenya, Mauritius, Ghana Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.
Africa’s top economy, Nigeria comes 15th, mainly because of its poor performances in terms of governance and human improvment(See full ranking below).
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Edoh Kossi Amenounve is chief executive of the Bourse Régionale des Valeurs Mobilières.
2014/01/14Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Benin designs a digital future
2017/06/24In December 2016, Benin announced its economic transformation plan, including 45 flagship projects addressing the major components of the west African country's economy. Six of the projects are specifically focused on constructing a digital economy. Serge Adjovi, director of Benin’s Digital Economy Agency, speaks to Joy Macknight about the laying the foundations for progress.
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Outlook for 2016-17
2016/05/28Benin Outlook for 2015-17
The president-elect, Patrice Talon, secured a clear victory in the March 2016 election, which will lend credibility to the new administration. However, political instability risks will persist in 2016 as Mr Talon cobbles together a ruling coalition. Real GDP growth will average 4.7% in 2016-17, on the back of rising port activity. However, inadequate power supplies, slow progress on economic reforms and the economic slowdown in Nigeria, a key trade partner, will prevent faster growth.
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The friendly and cooperative relationship between the People's Republic of China and the Republic of Benin
2015/10/01In 2013, the friendly and cooperative relationship between the People's Republic of China and the Republic of Benin continued to deepen, yielding fruitful results in exchanges and cooperation in various fields.
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Cotonou (Benin)
2013/06/21Nicéphore Dieudonné Soglo (born 29 November 1934) is a Beninois politician who was Prime Minister of Benin from 1990 to 1991 and President from 1991 to 1996. He has been the Mayor of Cotonou since 2003. Soglo is married to Rosine Vieyra Soglo, the Beninois former Initial Lady and politician.
Soglo was born in Togo. Next receiving degrees in law and economics from the University of Paris, Soglo returned to Benin (again called Dahomey) and was the inspector of finance (1965–1967) before his cousin, Colonel Christophe Soglo, overthrew President Sourou-Migan Apithy and appointed his relative minister of finance and economic affairs.
- Benin News
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- ECONOMY: Africa’s economic growth in 2016 was driven by East Africa
- REAL ESTATE: Africa property offers rich pickings for the brave
- ART / CULTURE: European Museums Plan Summit On Return of Benin Bronzes to Nigeria
- SOCIAL / CSR: Bill Gates sees US likely to maintain aid levels for Africa
- EVENT: Africa: Graca Challenges Women, Girls to Grab Emerging Opportunities
- PEOPLE: Children on the move from Africa do not first aim to go to Europe, new UNICEF study shows
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