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Tag Archives: Africa

IMF declares Nigeria as Africa’s biggest Economy

IMF

Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of South Africa and Egypt. In August 2016, Nigeria was reported to have lost its spot as Africa’s biggest economy to South Africa, following the recalculation of the country’s gross domestic product …

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Coca-Cola set to acquire ABInBev share in African subsidiary

Coca-Cola

Coca-Cola intends to buy the stake global beer giant Anheuser-Busch InBev holds in Coca-Cola Beverages Africa, the two companies announced Tuesday. The proposed deal follows ABI’s mega-takeover of SABMiller to create the world’s biggest beer company. That buyout allowed the the Belgian-Brazilian maker of Budweiser and Stella Artois to recover …

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IMF Appoints New Director For Africa

IMF

A new director in charge of the International Monetary Fund (IMF)’s African Department was named on Thursday by the Managing Director, Christine Lagarde, Premium Times reports. He is Abebe Aemro Selassie, who succeeds Antoinette Sayeh whose departure was announced recently. Mr. Selassie is expected to assume work in his new …

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With a strong youth, Africa is the next big thing

Strong Youth

By Olumuyiwa Falola It is becoming more evident that Africa’s development asset lies in its active youth population. Pius Adesanmi, Professor of English and Director, Institute of African Studies, Carleton University, Ottawa, Canada, made this point clear when he gave the keynote lecture at the 5th Annual Innovention Series.  Headlining …

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