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Tag Archives: africa

Africa at 50

By Rukiya Makuma Independence babies that wont grow up 2010 is the year for Africa as 17 countries celebrate 50 years of independence since colonial rule. Africans resisted the colonialists on grounds of segregation, slavery, exploitation and domination. But 50 years after, how have these countries performed? Are they still …

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Africa’s richest men in 2009

By The Independent Team Mohammed Al Amoudi (Ethiopia) African Rank No.1 – World Rank No. 43 – Wealth $9 billion Ethiopian born Mohammed Al Amoudi is this year the Richest Man in Africa. Al Amoudi who is based in Saudi Arabia has kept his US $9 billion fortune through these …

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Zoellick on his Africa tour

By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …

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Commodity revival offers hope for Africa

By Agencies Resurgent mineral exports and foreign investor demand look set to support African currencies in 2010, but an array of local factors, ranging from bad weather to anti-gay legislation, could upset that trend. The region’s high-yielding debt and strong economic growth prospects are likely to lure foreigners into frontier …

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