Posts belonging to Category Africa



Nigeria and India, champions of the extreme poverty in the world

Nigeria overtakes India

Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country’s population, thought to be living on less than $1.90 a day. The findings, based on a projection by the World Poverty Clock and compiled by Brookings Institute, show that more than 643 million people across the world live in extreme poverty, with Africans accounting for about two-thirds of the total number.

In Nigeria, as with other countries on the continent, that figure is projected to rise. “By the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there are today,” the researchers write.
Despite being the largest oil producer in Africa, Nigeria has struggled to translate its resource wealth into rising living standards.

Terrifying prediction for jobs in developing countries

Automation a threat to 77% jobs in China

Research has predicted that the proportion of jobs threatened byautomation in India is 69%, while it is 77% in China and 85% in Ethiopia, World Bank President Jim Yong Kim has said, citing data from the multilateral agency.

http://www.indiatimes.com…  Tue.,  02 May 2017

Warren Buffett’s Best Investment

Bill and Melinda Gates: ‘122 million children’s lives saved since 1990

Philanthropy isn’t like business. We don’t have sales and profits to show you. There’s no share price to report. But there are numbers we watch closely to guide our work and measure our progress. Our goals are shared by many other organizations working to save and improve lives. We’re all in this together. So most of the numbers we look at don’t focus just on how we as a foundation are doing, but on how the world is doing—and how we see our role.

http://www.gatesnotes.com…  Mon.,  27 February 2017

Which Countries Are Damaged Most by Low Oil Prices?

A chart looks at costs per barrel

Oil is by far the world’s most-traded commodity, with $786.3 billion of crude changing hands in international trade in 2015. While low commodity prices can hurt any major producer, oil prices can have a particularly detrimental effect on oil-rich economies. This is because, for better or worse, many of these economies hold onto oil as an anchor for achieving growth, filling government coffers, and even fueling social programs. If those revenues don’t materialize as planned, these countries turn increasingly fragile. In the worst case scenario, an extended period of low oil prices can cause the fate of an entire regime to hang by a thread.

http://www.visualcapitalist.com/  Wed., 31 August 2016

The New Silk Road

Silk road consensus emerges linking Middle East and China

In late May academics from Arab nations and China convened in the Qatari capital Doha for “ The Arab World and China,” a conference on the evolving state of Arab-Sino relations. With increased investments, China may find that its business interests are inextricable from the political brokering that will be necessary to create stability where there is now chaos.
http://www.institutionalinvestor.com … Tue., 07 June 2016.

Oil: piracy drops

Gulf of Guinea Sees Piracy Drop as Oil Price Deters Looters

Piracy in West Africa’s Gulf of Guinea has declined as the price of oil plunged to the lowest level since 2002. While attacks on maritime vessels have dropped in the past year, nations bordering the gulf should work to continue improving security coordination, Gulf of Guinea Commission Executive Secretary Florentina Adenike Ukonga said in an interview in Yaounde, Cameroon, on Monday.

http:/www.bloomberg.com/   Mon., 22  February 2016. 

Global food prices hit lowest level in over 6 years

http:/www.fao.org/    Fri. 05  February. 

Stock Markets

From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
http://investmentwatchblog.com/ — Mon, 17 Aug 2015 18:33:04 -0700

Africa's economy

The latest economic forecast for Africa is a downward revision from projections made in 2014 which suggested the region’s economy would expand by 5.7 percent this year. Johannesburg (AFP) – Africa’s overall economy should advance in … http://www.thepromota.co.uk/ — Tue, 26 May 2015 21:09:18 -0700

Water and Wall Street

The global water economy is faced with a multi-billion dollar need for capital expenditure and modernization. Dresdner Bank sees this as offering attractive opportunities for returns for … Barclays PLC: Water Index Funds and Exchange-Traded Funds. Barclays PLC is a U.K.-based major global financial services provider operating in all over the world with roots in London since 1690; it operates through its subsidiary Barclays Bank PLC and its investment bank called Barclays Capital.
http://www.globalresearch.ca/ — Sun, 22 Mar 2015 08:15:05 -0700