By Raevyn Goates on January 11, 2016
The most important in this week’s headlines out of and concerning Africa, for those who need help catching up.
In this week’s news, Netflix expands to Africa, the IMF addresses falling oil prices and economic hardships in Nigeria and Cameroon, and Egypt’s new parliament gets to work.
Video streaming service Netflix is now available in all 54 African countries.
- Netflix Officially Launches in Africa
Netflix announced this week that it is now available in 130 additional countries, including all African countries.
Many people in these nations took to Twitter to express their excitement and their criticisms. The move highlights the growing economic interest in Africa, but it might be a threat to local programming and streaming alternatives.…
By Sarah Crozier on May 4, 2015
Pardee Center “Power and Influence in Africa” video, which uses predictive software to compare rising African states.
The World Bank has published its 2015-16 growth projections for the African continent, citing declining oil and commodity prices as the reason for a slowdown in gross domestic product (GDP) growth over the next year.
The Africa’s Pulse Report notes that continent-wide, GDP growth will slow to four percent from an average of 4.5 percent in 2014. However, this is a slower decline than originally predicted, noting that commodity based economies are not the “kiss of death” previously thought. Only two economies are predicted to contract over the next two years, according to International Monetary Fund reports.…
By Hiwot T. Shiferaw on August 11, 2013
A group of women return from Lake Tana with jugs of water
The subject of sustainable African development has come up many times, especially as it relates to aid, growth and development issues affecting Africa vis-a-vis other continents of the world.
At the World Economic Forum on Africa which took place in South Africa in May, a forum communique stated:
“To build on its achievements, Africa’s leaders need to strengthen the continent’s competitiveness, foster inclusive growth and build resilience in a volatile global environment. Accelerating economic diversification, boosting strategic infrastructure and unlocking talent are critical success factors in this new leadership context”
I like to look at Ethiopian talent which is disappearing and moving to other parts of the world. …
By George Bamu on July 12, 2012
News that Africa is booming is going mainstream. At least that is the point that is discerned when major U.S. print and broadcasting outlets such as the Washington Post, New York Times, The Atlantic, Christian Science Monitor and NPR pick up on news of transformation that is taking place in continental Africa. These organizations are devoting more space to coverage of Africa in new and substantive ways.
But saying that Africa is experiencing progress may not be news after all. Actually, things have “revved up” economically, politically and otherwise in Africa for quite a while. It is people on the ground in Africa, American reporters, economists and experts who are giving us this information.…
By George Bamu on February 12, 2009
U.S. President Barack Obama has called it “the worst financial crisis in our life time.”
You can call anything you like; the crisis of a generation, the trickle-down effects of the sub-prime mortgage lending mess, or whatever, but the global financial crisis is hitting not only the United States but all countries around the world.
It may not be a great depression, or anything similar to the 1972 oil shock or even the 1987 stock market crash, but the culmination of these economic events have implications for today’s internet generation unlike the 30’s, 70’s or 90’s. While homeowners, banks and automakers have gone broke in America, what you may not know is that banks in other countries, including the Netherlands, France, Germany, Iceland and even Switzerland, considered a safe haven for the rich and famous, are all receiving help to stay afloat.…