Mauritius Economy Grew by 4.1 Percent in 2011
Tourism was once agian the key driver of growth in the Indian Ocean Island country that has maintained one of Africa’s better performing economies for more than a decade now. Textile, once the anchor of the Mauritian economy, grew byan astonishing 8.3 percent.
Botswana Posts Big Third Quarter Gains
Data released by the Central Statistics of Botswana on Friday showed that the country’s economy grew by 5.8 percent in the third quarter of 2011. This represents a significant improvement over the 3.6 percent growth rate posted in the second quarter.
The good news comes despite reports that output in the mining sector, a key pillar of the Botswana economy, was not as good as expected.
The world’s largest producer of diamonds, Botswana has seen its economy slacken as a result of decreased demand for the precious stone in the wake of the worldwide economic downturn.
Scott Eisner, Head of the US Chamber of Commerce Africa Initiative, on Investing in Africa
In an exclusive interview with the African World, Eisner talks about the African economy and what the Chamber is doing to promote US investment on the Continent[vimeo]http://vimeo.com/33768215[/vimeo]
Africa-An Economic Growth Engine: Why Africa Outperforms Every Other Region of the World
For more than a decade now, the Africa economy has posted solid gains. Although growth has slowed as a result of the current worldwide economic downturn, the African economy continues to outperform the economy of every other region of the world, growing at an average rate of 5% per annum, with some countries seeing double-digit growth. As a result, there has emerged, for perhaps the first time in the history of Africa, a sizable middle class with considerable disposable income, said to be on par with that of China’s and more than India’s.
In this video documentary, we look at the reasons behind Africa’s relatively impressive economic performance.
AU Symposium on Expanding US – Africa Trade
On Wednesday, December 21, 2011, The African Union Diplomatic Mission in Washington held a symposium at the World Bank’s headquarters on expanding US-Africa trade.
The Symposium, sponsored by the World Bank African Diaspora Program, focused on how to involve members of the African Diaspora in trade and investment in Africa.
Participants in the Symposium also discussed the need to expand and extend the African Growth and Opportunity Act (AGOA), a US legislation that promotes US-Africa trade by granting duty free status and other preferences to certain goods imported into the US from Africa.
Invest in Africa: The Time is Now
In this video documentary, produced by the African World for the African Union Diplomatic Mission to the United States, we look at the immense opportunities and significant rates of return Africa offers the smart investor.[vimeo]http://vimeo.com/30453694[/vimeo]