Treasury Secretary says 3% economic growth is 'very achievable'
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Treasury Secretary says 3% economic growth is 'very achievable'
Donald Trump’s administration aims to pass “significant” tax reform, including tax cuts for middle-class Americans, by August but it will likely be late next year before the changes juice economic growth. Treasury Secretary Steven Mnuchin said Thursday.
The non-financial sector in Portugal was 715.8 billion euros in debt at the end of 2016, of which 308.4 billion were attributed to the public sector and 407.5 b
According to a statement by the Bank of Portugal, Portugal’s non-financial sector was in a 715.8 billion euros debt at the end of 2016, of which 308.4 billion were attributed to the public sector and 407.5 billion to the private sector.
Representatives of the legal, accounting and banking sectors rejected accusations that they continue to play an indispensable role in funneling money to tax havens in testimony before the European
"Representatives of the legal, accounting and banking sectors rejected accusations that they continue to play an indispensable role in funneling money to tax havens in testimony before the European Parliament Panama Papers investigative committee"
The struggle over East Africa’s oil and gas exports is heating up. At stake are potentially billions of dollars in revenue and control of strategic pipelines.
The struggle over East Africa’s oil and gas exports is heating up. At stake are potentially billions of dollars in revenue and control of strategic pipelines
"The banking industry in Kenya is under pressure and is calling for a review of the controversial interest cap law enacted in August 2016. The banks point to the adverse effect the law is having on the sector’s liquidity"
‘As the middle class grows, the need for more and more housing increases. And obviously more houses and apartment buildings really helps our business.’
"South African-based paint company Kansai Plascon Africa Limited’s (KPAL) recent acquisition of Sadolin Paints’ operations in Kenya, Uganda, Burundi, Tanzania and Zanzibar is indicative of this growing opportunity"
Italian energy company Eni said Wednesday it started production at an oil facility off the coast of Angola in record-setting fashion.
Italian energy company Eni said Wednesday it started production at an oil facility off the coast of Angola in record-setting fashion
"Sometimes an old timer likes to take his grandson to the top of the hill behind the house and tell him the whole, unadulterated truth, sharing a wisdom that he feels will give the next generation an edge and in so doing, getting off his chest the shackles of barefaced lies which his generation and the next have allowed to roam unchecked, until the lie became what was perceived as the truth. So what would the old timer say to his grandson today?"
Recent labor disputes demonstrate employees' leverage over KQ's operations and increase doubts about a return to profitability for the East African airline.
“Try as it might, Kenya Airways (KQ) just can’t seem to power through its many headwinds. Just as the company appeared to have set a course to consistent profits, two recent labor disputes suggest KQ investors better prepare for turbulence”
But the larger point is that there are always a multitude of safe, lucrative opportunities out there.
If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket. You’re making a high-stakes bet that everything is going to be ok in that one country — forever. All it would take is for the economy to tank, a natural disaster to hit, or the political system to go into turmoil and you could lose everything—your money, your assets, and possibly even your freedom. #Investorseurope stockbrokers is your number one provide of online trading platforms for access to global stock markets
The Dangotes are the exception. Most businesses built by African entrepreneurs are local. African entrepreneurs share advice on how they became successful.
“The vast majority of businesses built by African entrepreneurs are local. Local political patronage and connections often sustain African entrepreneurs, according to Ghanaian lawyer and entrepreneur Elikem Nutifafa Kuenyehia. Still, their efforts often turn these entrepreneurs into superstars in their communities. Some African entrepreneurs share advice here on how they became successful”
South Africa is among the top 5 global producers of Halal products despite the country's tiny Muslim population of 1.5 million.
“South Africa has one of the continent’s smallest Muslim populations — between 1.5 and 3 percent, depending on who you ask — but has become one of the five largest producers of halal products worldwide. The local halal industry is worth almost $3.3 billion in South Africa”
5 Things To Expect From African Tech In 2017. Another year, another milestone for the African technology space.
“Another year, another milestone for the African technology space. With things developing at a rapid pace, it is hard to predict what will be the next big innovation in this exciting sector. Let’s have a go, in any case”
Its medinas and alleys are crammed with hole-in-the-wall operations hawking everything. Shopping Marrakech: why it's a bit like Las Vegas.
“It’s an odd comparison, but it has some merit. Marrakech can sometimes seem a bit like Las Vegas. There’s the cloying heat the moment you step off the plane, the abundance of global mega-resort chains, and a rotating roster of world-class DJs touring colossal clubs — all the accoutrement of a glittering desert oasis luring high-rollers. And just like Vegas, Marrakech is a shopper’s paradise”
Son of Equatorial Guinea president on trial in France for embezzlement. Teodorin Obiang says he came by the money legally.
“Teodorin Obiang, the son of Equatorial Guinea’s president, has a luxury home on Paris’s Avenue Foch worth $112 million with gold-plated faucets, a spa, a disco, hair salon and a movie theater. That’s just the tip of the iceberg”
Airfares are priced according to their desirability and the amount of competition
"As you will appreciate, in any industry products are priced according to their desirability and the amount of competition. A non-stop flight from a rich city like Doha to a global hub such as London on a top-flight carrier such as Qatar Airways is a desirable commodity. The only other airline that flies Doha-Heathrow is British Airways, which is one-fifth owned by the Qatari carrier. Competition isn’t exactly cut-throat"
South African President Jacob Zuma and the parliamentary standing committee on finance appear to be headed for a stalemate over the provisions of the Financial Intelligence Centre (FIC) Amendment Bill, with the inevitable delay presenting dire consequences for South Africa’s financial services sector
Around the world, plant breeders are resisting what they see as corporate control of the food supply by making seeds available for other breeders to use.
"Around the world, plant breeders are resisting what they see as corporate control of the food supply by making seeds available for other breeders to use"
Spokeswoman of president-elect says there had never been a meeting scheduled
“The United States President-elect Donald Trump has no meeting planned with Republic of Congo President Denis Sassou Nguesso, a Trump spokeswoman said on Tuesday. Sassou's spokesman, Thierry Moungalla, earlier had said Sassou, a member of the African Union's High Level Committee on Libya, and Trump were scheduled for a US meeting on Tuesday to discuss the political turmoil in Libya and other African issues”
Demo Africa has sent 20 African startups to Silicon Valley. Arriving there is no guarantee of success: the bridge between Africa and Silicon Valley.
Demo Africa has sent 20 African startups to Silicon Valley over the last four years. Where are they now? Twelve of them are still alive and breathing, about four of them on life support, and four of them “are just dead and done,” said angel investor Stephen Ozoigbo in a Black Enterprise interview.
Humans inadvertently or intentionally introduce alien species into new environments, disrupting native ecosystems: 15 invasive species taking over Africa.
"The myna has adapted extremely well to urban environments. Its range is increasing so fast that in 2000 an international conservation commission declared it one of the world’s most invasive species. It’s one of only three birds in the top 100 species that could impact biodiversity, agriculture and human interests"
The problem is one of the ethics and morals of incumbents
"As we end the year… Burundi projects stability…but one maintained by increasing authoritarianism. The government has thumbed its nose not only at the East African Community-led political dialogue, but also at the rest of the international community"
It's Donald Trump and Benjamin Netanyahu against the world.
"It's Donald Trump and Benjamin Netanyahu against the world. A dramatic vote Friday at the United Nations Security Council likely marked the final chapter in President Barack Obama's troubled relationship with Netanyahu"
Guangzhou, China, is thought to have Asia's largest African population. African immigrants are leaving China as economic opportunities shrink
Africans are leaving for elsewhere in Asia. Locals say many leave because of China’s slowing economy and an unfavorable exchange rate
The US Federal Reserve raised interest rates by a quarter point on Wednesday and signalled a faster pace of increases in 2017.
The US Federal Reserve raised interest rates by a quarter point on Wednesday and signalled a faster pace of increases in 2017. This comes as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation