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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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Bill Gates sees US likely to maintain aid levels for Africa
The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.
Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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- Key Facts
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Full name: The Republic of Seychelles
Population: 86,500 (UN, 2010)
Area: 455 sq km (176 sq miles)
Major languages: English, French, Creole
Major religion: Christianity
Life expectancy: n/a
Monetary unit: 1 Seychelles rupee = 100 cents
Main exports: Fish, cinnamon bark, copra, petroleum products (re-exports)
GNI per capita: US $9,760 (World Bank, 2010)
Internet domain: .sc
International dialling code: +248
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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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The American Dream with Donald Trump seen by a Seychelles President
2016/11/11On Wednesday 9th November, 2016, it was confirmed that following a melo-dramatic campaign that Donald Trump had been elected the 45th President of the United States of America. Although Hillary Clinton had received additional popular votes at the national level than Mr Trump, the American system delivered additional colligates support to Donald Trump and in fact the Republican Party succeeded as well to win a majority of seats in both Congress and the Senate.
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‘We are working to bring financial services closer to the people’
2016/05/26Next entering an IMF-supported program in 2008, the Seychelles has become a beacon of macroeconomic stability thanks to prudent reforms led by the Ministry of Finance and the Central Bank of Seychelles (CBS). As the country begins laying the groundwork for its radical national development strategy based on the blue economy concept, CBS Governor Caroline Abel expands on the key role her institution is playing in ensuring SMEs are able to access the finance required to take chance of the opportunities opening up in the blue economy, whilst discussing whether Seychelles can be viewed as a role model in terms of female empowerment in the banking sector.
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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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The Seychelles President (Government of The Seychelles)
2012/12/18The Seychelles President says the Commonwealth needs to adapt to remain relevant in the 21st Century.
James Michel says issues like climate change and economic instability need to be at the forefront of discussions at the meeting.
Mr Michel spoke to Santilla Chingaipe about some of the key issues of relevance to the Seychelles at the CHOGM.
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Outlook for 2014-15
2013/08/17The country (Seychelles) is situated in archipelago in the Indian Ocean, northeast of Madagascar.
Land in Seychelles is Mahe Group is granitic, narrow coastal strip, rocky, hilly; others are coral, flat, elevated reefs.
Seychellois land covers an area of 455 km²The climate is tropical marine; humid; cooler season during southeast monsoon (late May to September); warmer season during northwest monsoon (March to May). Seychellois (singular and plural) speak Creole 91.8%, English 4.9% (official), other 3.1%, unspecified 0.2%
OVERVIEW
The ruling People's Party (PP) holds every seat but one in the legislature following an opposition boycott of the 2011 parliamentary election, and will remain firmly in charge.
The next presidential and parliamentary elections are not due until 2016. We expect the current president, James Michel, and the PP to be re-elected.
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Victoria
2012/12/18Victoria (sometimes called Port Victoria) is the capital city of the Seychelles and is situated on the north-eastern side of Mahé island, the archipelago's major island. The city was first established as the seat of the British colonial government. In 2009, the people of Better Victoria (including the suburbs) was 25,000 out of the country's total people of 87,972. Victoria is served by Seychelles International Airport, completed in 1971.
The principal exports of Victoria are vanilla, coconuts, coconut oil, soap, fish and guano.
- Seychelles News
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- PEOPLE: Children on the move from Africa do not first aim to go to Europe, new UNICEF study shows
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