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In 2015, the Tony Elumelu Foundation partnered with a foundation in Africa, South Africa's Brenthurst Foundation on a book project. Titled "Africans investing in Africa", with an introduction by economist, Paul Collier. [38] It launched on the side-lines of the World Economic Forum in June, 2015 in Johannesburg, South Africa. [39]
Africa Rising is a term coined in 2011 to explain rapid economic growth across Sub-Saharan Africa to date since 2000 and the inevitability of its subsequent continuation. The Financial Times defines Africa Rising as a "narrative that improved governance means the continent is almost predestined to enjoy a long period of mid-to-high single-digit ...
Sub-Saharan Africa has the largest number of water-stressed countries of any other place on the planet and of an estimated 800 million people who live in Africa, 300 million live in a water stressed environment. [5] In 2012, it was estimated that by 2030, 75 million to 250 million people in Africa will be living in areas of high water stress. [5]
(Bloomberg Opinion) -- From interest rates to fashion, pandemics in the past — like the Black Death in the 14th century — have left deep imprints on economic life. This time may be no ...
A consumer class is also emerging in Africa and is expected to keep booming. Africa has around 90 million people with household incomes exceeding $5,000, meaning that they can direct more than half of their income towards discretionary spending rather than necessities. This number could reach a projected 128 million by 2020. [76]
In America’s first 200 odd years of economic history, right up until the 1970s, America ran a significant budget deficit only in major wars or depressions.
One of his main arguments throughout the book is that Africa developed Europe at the same rate that Europe underdeveloped Africa. Rodney argues that a combination of power politics and economic exploitation of Africa by Europeans led to the poor state of African political and economic development evident in the late 20th century. Though, he did ...
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