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Tag Archives: africa

Africa’s richest men in 2009

By The Independent Team Mohammed Al Amoudi (Ethiopia) African Rank No.1 – World Rank No. 43 – Wealth $9 billion Ethiopian born Mohammed Al Amoudi is this year the Richest Man in Africa. Al Amoudi who is based in Saudi Arabia has kept his US $9 billion fortune through these …

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Zoellick on his Africa tour

By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …

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Commodity revival offers hope for Africa

By Agencies Resurgent mineral exports and foreign investor demand look set to support African currencies in 2010, but an array of local factors, ranging from bad weather to anti-gay legislation, could upset that trend. The region’s high-yielding debt and strong economic growth prospects are likely to lure foreigners into frontier …

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Is Africa prepared for broadband?

By Molly Lister Mobile growth has shaped the past ten years, but broadband will shape the next ten years. An ITU Human Capacity Development Forum for Africa held in Kampala on July 8-10, 2009 addressed Africa’s readiness for broadband. Clive Shepherd, an expert in human resource development, says the ICT …

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World Bank ready to rescue Africa

By Patrick Kagenda Economic growth drops to 2.4%, 700,000 could die Africa may have been an innocent bystander when the global financial crisis was hatched in the developed nations but they stand to suffer most according to the latest World Bank forecasts. The queen of African economic gloom, Obiageli K. …

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