Posts belonging to Category Africa

Pollution in the city lowers education level by one year

The maths and verbal skills are at risk

Chronic exposure to air pollution can cause harm to cognitive performance, a new study reveals. Researchers believe that the negative impact increases with age, and affects men with less education the worst. Over four years, the maths and verbal skills of some 20,000 people in China were monitored by the US-Chinese study.  Scientists believe the results have global relevance, with more than 80% of the world’s urban population breathing unsafe levels of air pollution.

The study was based on measurements of sulphur dioxide, nitrogen dioxide and particulates smaller than 10 micrometres in diameter where participants lived. It is not clear how much each of these three pollutants is to blame. Carbon monoxide, ozone and larger particulates were not included in the study. Described as an invisible killer, air pollution causes an estimated seven million premature deaths a year worldwide, according to the World Health Organization.

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.…  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.…  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.  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. … 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:/   Mon., 22  February 2016. 

Global food prices hit lowest level in over 6 years

http:/    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. — 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 … — 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. — Sun, 22 Mar 2015 08:15:05 -0700

Digital currency

Masiyiwa claims that it will no small task; however, he essentially wants to replace the current printed currency with a digital alternative. If successful, Zimbabwe will indeed become the first paperless economy in Africa. While this may seem like … — Sun, 08 Mar 2015 23:32:54 -0700

Climate Change

Instead,the “grow-consume-profit” business model that dominates the global economy leaves no room for balance with nature. The philosophy of modern business is to dominate nature to maximize profit while kicking the big problems down … — Sat, 06 Dec 2014 19:53:14 -0800


The world economy faces huge needs of infrastructure finance… Last year, a report by McKinsey Global Institute (2013). estimated that, in order to realize its potential global growth from then to 2030, the world would have to invest in … — Sat, 08 Nov 2014 18:55:23 -0800


Unlike these simple tasks in our daily lives, outsourcing is a controversial term in the global economy because of its impacts. While creating many economic benefits, outsourcing to other countries also brings potential American economic … — Sun, 02 Nov 2014 00:45:40 -0700


In 2012/2013, the Chinese construction sector transitioned from an early-cycle construction phase to a late-cycle one, as completions surged following a wave of new stimulus-related construction post the Global Financial Crisis. …. Almost everybody on this site bitches and moans abbout what THOSE OTHER PEOPLE are doing to the economy but stacking pM’s and BTFD won’t save your ass from starving in the freezing darkness….so what are you going to do to save your own ass?