News
Intra-Africa trade can spare continent Euro fallout
African countries can prepare for the impact of the euro-zone crisis that threatens to derail economic growth on the continent by improving trade between their countries and fighting inflation, a top World Bank economist said on Sunday.
World Bank’s Vice President for Africa, Obiageli Ezekwesili said the traditional partners of Africa in Europe were likely to be affected by the fallout of the European debt crisis, which would squeeze remittances, curb trade and tourism. Ezekwesili said Africa’s economic growth forecast for this year stood at 5.3 per cent and 5.6 for 2013, but a recession would likely lead to a 1.7 per cent contraction in 2012.
-
Oil and Gas2 days agoOil prices fall as diplomacy hopes outweigh escalation fears in Middle East war
-
Economy2 days agoSouth African economy 5% bigger after rebasing, moving further ahead of Nigeria
-
News2 days agoSub-Saharan Africa’s growing cities offer path to millions of new jobs
-
News2 days agoECB President Lagarde resigns at a time of mounting challenges for Europe
-
News2 days agoFG approves King Amachree Airport in Rivers, sets 11 conditions
-
Agriculture2 days agoFG targets EU investment in one-million-hectare cocoa expansion plan
-
Economy2 days agoProtecting workers’ retirement savings against inflation is your job, PenCom tells PFAs
-
News12 hours agoReps C’ttee threatens removal of illegal structures on power transmission routes
