AFRICA - THE NEXT GROWTH MARKET
Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region.
Tanzania announces grand water distribution project in Tabora
Tanzania’s President John Magufuli recently announced a grand water distribution project in five districts found in the Tabora Region, saying his government had already sourced for US$268.4 million that will go towards implementing the project in Tabora.
The president was addressing residents of Ziba and Nanga villages when his motorcade made a stopover before addressing a rally in Igunga and Nzega districts.
Read more: Tanzania announces grand water distribution project in Tabora
Climate change could cost global economy US$24 trillion
A new report by the London School of Economics and Political Science is the first comprehensive study to use an economic model to put a number on the climate value at risk.
Read more: Climate change could cost global economy US$24 trillion
Kenya's Economy to Grow at 6 Percent in 2016
Kenya's economy will accelerate slightly in 2016, driven by loose fiscal policy, infrastructure projects and robust private consumption, according to Focus Economics.
