Daily Archives: July 8, 2016
Africa’s giant state owned Ethiopian airlines is supporting the tourism sector, one of the key sector of the economy. Tourism has become the major emerging economic wing supporting the country’s mission to become one of the top destinations in Africa.
According to Pravin Gordhan, the Finance Minister in the South African government, in case the United Kingdom leaves the EU after this week’s referendum, things in South Africa can become more complicated. The Brexit referendum will be organized this Thursday and it can affect African and global economy too. Minister Gordhan pointed out that these effects may not be visible right away, especially when it comes to trade, but the fact that the situation will bring many uncertainties will make everything difficult. Of course, Mr. Gordhan said that in case South Africa follows these events closely and carefully and acts in a timely manner, this country will be able to avoid recession.