Nigeria and a U.S. energy company have inked a $4.5 billion deal.
According to the Nigerian government, the country has agreed to a
Memorandum of Understanding with Vulcan Petroleum Resources Ltd.
According to a report by the African Development Bank, the Organization
for Economic Cooperation and Development, the United Nations' Economic
Commission for Africa and the UN development agency UNDP, the African
economy is expected to grow 4.5 percent this year. If this trend continues, the new growth can open new international trade doors for the continent.
Fashion designer Tanya Aab says she feels lucky: Few businesswomen from
Swaziland can travel to the United States to learn how to build their
companies and sell their brands overseas. She is one of 47 women from 37 African nations sponsored by the State
Department under its program for female African entrepreneurs.
Georgina Lorencz, founder and president of African Travel Seminars
(www.africantravelseminars.com), received one of the travel industry’s
highest forms of praise with this year’s APEX Distinguished Service
Award from Black Meetings & Tourism magazine.
Recently, Brazil pledged major investments and a transfer of technology to
Africa in order to repay a "solidarity debt" they have with Africa. To this end, leaders of top state and private Brazilian companies with
interests in Africa, such as oil giant Petrobras, mining conglomerate
Vale and construction firm Odebrecht, pledged to increase investment in
Africa during a Brazilian Development Bank (BNDES) seminar.
President Barack Obama said on Friday that he’s launching a major new
partnership to reduce hunger and lift tens of millions of people from
poverty at a meeting of the Group of Eight industrialized nations at
Camp David.
Nelson Mandela. Freedom fighter. Anti-apartheid activist. Former
President of South Africa. There are many ways to describe the man who
became a legend, but what about Nelson Mandela the brand?
The African Institution of Technology (AFRIT) has big plans, namely, to "help the diffusion of semiconductor, microelectronics, nanotechnology,
biotechnology and other emerging technologies in developing nations by supporting schools and governments through world class education
support and technical consulting". Here, Ndubuisi Ekekwe talks about AFRIT's future.
A negative reputation has followed Africa since the bulk of the nations
on that continent won independence from colonial occupation. Poverty,
disease, hunger, war and corruption are closely associated with African
countries in the minds of many people across the world. Such a
perception could be on the verge of changing. Economic development
opportunities are rising throughout Africa and investment there is
poised to be the next big thing.
