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Many saw Nigeria, with 15% of Africa's population, as an emerging economy. [6] However, this potential never materialized. A series of unfortunate political and economic events have stalled Nigerian growth. The country still plays an important economic role in the world, especially as a producer of fossil fuels. [7]
This is a timeline of the History of Kenya comprising important legal and territorial changes as well as political, social, and economic events in Kenya, read more at History of Kenya This is a dynamic list and may never be able to satisfy particular standards for completeness.
Nigeria gained its independence from Britain on 1 October 1960 [1] and it was recognized by the United States.Nigeria's long history dates back to the 15th century where it was discovered by the Portuguese navigators in 1472, the slaves were brought to the American colonies from their homeland of West Africa, which has earned Nigeria as a Slave Coast.
Walter Rodney, a specialist on the Upper Guinea Coast, countered that European demand for slaves had vastly increased the economic importance of the slave trade in West Africa, with catastrophic effects. Rodney, who was active in Pan-African independence movements, accused Fage of whitewashing the role of Europeans in Africa; Fage responded by ...
Economic diplomacy is a form of diplomacy that uses the full spectrum of economic tools of a state to achieve its national interests. [1] The scope of economic diplomacy can encompass all of the international economic activities of a state, including, but not limited to, policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements, among others.
The AAPC had become the meeting ground of three groups: African nationalists in non-independent countries, whose revolutionary ardor was often tactical and hence temporary; leaders of the so-called revolutionary African states, whose militancy was often tempered by the exigencies of diplomacy and the reality of world economic pressures; African ...
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. [1] The stated goals of the organization include the creation of free trade areas , customs unions , a single market , a central bank , and a common currency (see African ...
China and India are increasingly important trade partners; 12.5% of Africa's exports are to China, and 4% are to India, which accounts for 5% of China's imports and 8% of India's. The Group of Five (Indonesia, Malaysia, Saudi Arabia, Thailand, and the United Arab Emirates) are another increasingly important market for Africa's exports. [74]