Tag Archives | gross domestic product
Nigeria’s economic growth rate remains impressively high as it surpasses South Africa as the largest economy on the continent. However, sustaining that growth rate is a major challenge for the Nigerian government, which is increasingly faced with the consequences of long periods of uneven economic development.
The Nigerian economy surpassed South Africa’s as the largest on the continent after its gross domestic product (GDP) data were overhauled for the first time in two decades.
The GDP rebasing figures which will be released today is coming after a 24-year wait as the last rebasing exercise was done in 1990. Though it was meant to be done again in 2000 but was shelved due to some “strategic economic considerations”, people familiar with the strategy told THISDAY.
Mozambique continues to experience dramatic economic growth rates, with gross domestic product (GDP) growth in 2012 estimated at 7.5%, and projected growth in 2013 and 2014 estimated at over 8%. Nevertheless, Mozambique remains extremely poor and underdeveloped, struggling to translate that robust economic growth into prosperity for its populace.
South African is not the only country in Africa with a tangible National Development Plan. Côte d’Ivoire, ranked 167th by the World Bank, articulated its economic strategy in 2012. The country aims to become a significant player in the emerging markets by 2020. To this end, it has developed a strong-minded foreign policy, which has helped its position as a leading economic power in West Africa region.
Air Namibia scooped a Feather Award for the best regional airline at OR Tambo International Airport this year. This is a recognition that Airport Company of South Africa (Acsa) gives key players at its airports who consistently go the extra mile in providing passenger service excellence.
Africa Brief: Standard Bank expands in Africa, IMF urges Sudan to set aside more for the needy and more
Standard Bank opened a representative office in Cote d’lvoire yesterday, taking its footprint to 19 African countries. The representative office, based in Abidjan, “signifies a deliberate drive by Standard Bank into the West Francophone Africa region”, it said.
Burger King’s debut in the sub-Saharan Africa market is part of the group’s strategy to become the best and most profitable quick-service restaurant business globally, according to Jose Cil, president of Europe, Middle East and Africa for Burger King Worldwide.Mr Cil said in an interview yesterday that the group’s first outlet,