Kenya’s economy will grow at an average of four per cent and attain a strength of five per cent subject to the outcome of the March 2013 election, the World Bank has stated in a new report
Economy
African Union and US meet to discuss increased investment
US Secretary of State, Hillary Clinton, and African Union chair, Nkosazana Dlamini-Zuma, have held a series of meetings in Washington, with private sector economic growth forming a key focal point
Indian investment into Zambia exceeds US$3 billion
Indian foreign direct investment (FDI) to Zambia has surpassed US$3bn, according to Zambian justice minister Wynter Kabimba
Can Africa feed itself?
Africa can leapfrog out of the deepening pit of poverty encompassing its socio-economic fabric, according to Professor Calestous Juma, a professor of international development at Harvard University
African consumer industries set for US$400 billion growth
Consumer industries in Africa are projected to grow by US$400bn, which equates to 50 per cent of the total profits all businesses are likely to gain in Africa by the end of the decade