Tag Archives: Economic growth
Located in East Africa and sharing its borders with countries including Ethiopia, South Sudan, Tanzania and Uganda, Kenya has often been referred to as the commercial “gateway” to and regional hub of East Africa. This comes as a result of the strategic importance the coastal city of Mombasa plays, which is one of the busiest ports along the East African coastline.
Somalia has marked important milestones in rebuilding its economy and normalizing relations with international financial institutions, over the past five years. However, IMF’s 2016 IV consultation shows that impact of drought in Somalia will decelerate its economic growth from 3.4 percent to 2.5 percent.
Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.
Developing countries to dominate global saving and investment, but the poor will not necessarily share the benefits, says report
- Developing world’s share of global investment to triple by 2030
- China, India will be developing world’s largest investors
- Boost to education needed so poor can improve their well-being
Fi Istanbul’s Success Demonstrates Unlimited Market Opportunities in Turkey, the Middle East & North Africa
Staggering 3,000 Visitors + 150 Exhibiting Brands and Record Re-Booking Volumes for the 2014 Event
DAR ES SALAAM, Tanzania, May 16, 2013/African Press Organization (APO)/ – Foreign Affairs Minister John Baird and Bernard Membe, Tanzania’s Minister of Foreign Affairs and International Co-operation, today issued the following statement upon signing the Canada-Tanzania Foreign Investment Promotion and Protection Agreement (FIPA):
“Creating business and market opportunities for Africa’s poor is key to advancing sustainable development in the region.” UNDP Report
CAPE-TOWN, South-Africa, May 10, 2013/African Press Organization (APO)/ – Involving low-income communities in markets and businesses across Africa is essential for economic growth to translate into sustainable development, according to a United Nations Development Programme (UNDP) report released today.
BERN, Switzerland /African Press Organization (APO)/ – On 8 May 2013 the Federal Council decided to grant Burkina Faso and Mozambique general budgetary assistance of CHF 32 million each for the years 2013 to 2016. This will support both countries in implementation of their poverty reduction strategies, which focus on broad-based and sustainable growth.