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Rwanda’s Economy Grows By 10.6% in First Quarter

Rwanda’s Economy Grows By 10.6% in First Quarter

Rwanda’s economy grew 10.6 per cent in the first quarter of 2018, figures released by the Ministry of Finance and Economic Planning yesterday indicated. The positive performance indicates that the economy has fully bounced back from a low economic growth of 1.7 per cent recorded in the first quarter of 2017. In the first quarter […]

The Impact of Small and Medium Enterprises in Nigeria’s Economy

The Impact of Small and Medium Enterprises in Nigeria’s Economy

The term ‘’Small and Medium organization’’ is frequently used within the business environment, however it is very important to note that the term ‘’small’’ is subjective and can mean different sizes in different economies as well as countries (Ongori and Lutham 2009, p. 94). Within the European Union the maximum number of employees for an […]

Privinvest forms Joint Venture for Shipbuilding and the Maritime Economy in Angola

Privinvest forms Joint Venture for Shipbuilding and the Maritime Economy in Angola

Privinvest,the Middle East based shipbuilding group, is pleased to announce the start of a major shipbuilding and maritime economy programme with the Republic of Angola. The programme will initially see Privinvest provide a range of vessels for the Angolan Navy. In parallel, Privinvest together with Simportex, will develop and operate a shipyard in Angola. This […]

Zimbabweans Forced To Sober Up: Economic Crisis Hitting Hard

Zimbabweans Forced To Sober Up: Economic Crisis Hitting Hard

BEER-DRINKERS should have been clinking glasses in celebration when, at the start of the year, Zimbabwe’s biggest brewer slashed the price of lager by 10%. Yet instead of chugging back their brews, Zimbabweans are being forced to sober up by an economic crisis that is hitting harder than most measures would suggest. Viewed through the […]

Hyperinflation looming in Venezuela: nearly 82% say they can’t afford food

Hyperinflation looming in Venezuela: nearly 82% say they can’t afford food

Lucrezia Fanelldi is 81 years old but she won’t let go of her post as a secretary in a Caracas office because her pension is not enough to cover her most basic needs. “I just get the necessary, but things are more and more expensive each week,” she told Fox News Latino. “I used to […]

Puerto Rico officially in default; bail-out unlikely, no option for bankruptcy

Puerto Rico officially in default; bail-out unlikely, no option for bankruptcy

Debt-ravaged Puerto Rico is in default after forking over only a fraction due in a bond payment, raising the prospect of further pain for the recession-plagued commonwealth and potential impacts on U.S. investors. Puerto Rico’s Government Development Bank paid only $628,000 of the $58 million due creditors, the agency said. It said the decision “reflects […]

Why is only a particular group of people allowed to run the World Bank?

Why is only a particular group of people allowed to run the World Bank?

Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also […]

Egypt’s Economy Exceeds Expectations in 2014-2015

Egypt’s Economy Exceeds Expectations in 2014-2015

Finance minister said Tuesday 14/7/2015 the Egyptian economy has beaten the most optimistic forecasts during 2014-2015 despite the challenges it faced. Hani Qadri ascribed the positive economic fundamentals and achievements to the enormous efforts of the Egyptians in different fields. In his statement, Qadri said the civil servant law ensuring a periodic increase in the […]

Ethiopia transformed following aid campaign led by the country’s govt and foreign donors

Ethiopia transformed following aid campaign led by the country’s govt and foreign donors

The rains have been poor again in this mountainous corner of north-eastern Ethiopia – the site of the 1984 famine in which hundreds of thousands of people starved to death. But just north of the small market town of Korem, bright green fields and neatly terraced hillsides surround a vast lake, and in the brand […]

We never knew Chinese immigrants can be so valuable says Spain

We never knew Chinese immigrants can be so valuable says Spain

When **** Jia Jia’s parents first moved to Barcelona from China in the 1990s, they had no working permit and spoke no Spanish. The family ate eggs to survive. Her mother and father worked 12-hour a day at a Chinese restaurant. After five years, they bought a restaurant by compounding their own money and money […]

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