The data of the African Economic Outlook (AEO) for 2009, presented yesterday in Paris (France), are showing that the global economic crisis is affecting Africa as well. In fact Africa’s GDP in 2009 is expected to be 2.8% instead of the previously expected 5.7% before the crisis.
Category: business
Botswana: diamonds may not save from global crisis
One of the main resources of Botswana are diamonds. Though these may not keep the country safe from the consequences of the global economic crisis. The news appeared today on irinnews.org
China's march in Africa doesn't stop
Even though the chinese are being hit by the global economic downturn, they are still keeping on investing in Africa. Budapest Business Journal online reports. Chinese businessmen are taking a long-term view and pursuing strategic expansion in Africa even though China’s multiplying investments on the continent have lost some luster in the global downturn.
"Africa's plan" for "shared development"
A plan to develop business relations with the Continent. It’s called the Africa Plan of the Italian ministry of Economic Development which will be inaugurated on 26 and 27 February with a visit of Undersecretary Adolfo Urso in Ethiopia, Tanzania and Angola.
Foreign companies in Italy are growing
The leaders in foreign business ownership in Italy are Moroccans, with a registered business every 13 residents. The last ones are from Philippines. Foreign firms are growing in Italy, with over 165 thousand immigrant entrepreneurs, as revealed by the report made by Ethnoland Foundation in partnership with the editors of the statistical Dossier Caritas / […]
Ethiopia asks for more Italian investments
The Ethiopian foreign minister visiting the Italian foreign ministry stressed the interest of his country to allow more Italian investments. This is what emerged from a meeting, held yesterday, between the foreign ministers of Ethiopia and Italy, Seyoum Mesfin and Franco Frattini.
African economies grow despite global crisis
The African economies will grow despite the global economic crisis. This is what many experts said during the Word economic forum annual meeting, held in Davos, Switzerland, last week. Mr. Nduka Obaigbena, Chairman and Editor-in-Chief of THISDAY Newspapers, made the case for more investments in Africa, as reported on Afrika.no. In the same article many […]
South Africa: economy grows despite global crisis
“South Africa is still enjoying the longest period of economic upswing in our history, and this looks set to continue despite the global financial crisis”, as written on sagoodnews.co.za The South African economy is fairly well insulated against the global slowdown and should continue to grow as a result of an increase in Government spending. […]
Tunisia: business proposals now open
The “Reinforcement of institutional capacities of the Foreign Investment Promotion Agency (FIPA) in foreign investments attraction” is a project advertised on www.esteri.it. Proposals can be sent until 9 January 2009.
Ethiopia: business opportunities now open
Two business opportunities are advertised on the Italian Foreign ministry website, www.esteri.it It is about the “Supply of Stencil Duplicating Machines for Elementary Schools in Oromia Regional State” and the “Strengthening Regional Development Planning in Oromya Region”.