Via Al Jazeera, a report that Ethiopia has applied to join the BRICS bloc of emerging economies: Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the […]
Read more »Via McKinsey, a look at the 31 African cities projected to exceed 5m people by 2040: According to a recent McKinsey report, by 2040, there will be 31 cities in Africa with populations in excess of five million. Over the next 20 years, more than 500 million people are expected to move to African cities, […]
Read more »Courtesy of Semafor, a look at how developers are ramping up the construction of data centers in African nations outside of the continent’s biggest economies such as Uganda, Ethiopia, the Democratic Republic of Congo, Mozambique, Angola, Cote D’Ivoire and Tanzania: A new generation of data centers are being built in Africa’s smaller economies, fueling a […]
Read more »Via Nikkei Asia, an article on how China holds upper hand in battle with U.S. for Africa’s energy: Power generation has become the latest battleground in the China-U.S. competition in Africa, giving resource-poor countries a chance to seek more project funding. Beijing’s investments in energy infrastructure have expanded greatly, while the U.S. has launched a […]
Read more »Via Eurasia Review, commentary on the Horn of Africa states’ economic potential: We must once again revert back to the definition of the Horn of Africa States. It is the easternmost outcrop of Africa shaped like a horn and hence the name of the region, the Horn of Africa States. It consists of the four […]
Read more »Via The Reporter, commentary on Ethiopia: Ethiopia is undoubtedly the economic giant of the Horn of Africa. Since time immemorial, the economy has experienced growth as indicated by its gross domestic product (GDP), gross national product (GNP), and per capita income. Growth projections are one of the key measures of a growing economy. In this, […]
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