The European crisis should reduce the economic growth of Africa by 1.3% in 2012. The World Bank states that the continent should not have such losses if it had developed regional trade.
Author: From the Newsroom
The evaluation by the IMF shows that in 2011, the country’s economy did not repeat the performance identified from 2007 to 2010. The GDP grew just 1% to 2%. But in 2012 it should be between 3% and 4%.
The consultancy company obtained revenues of US$ 361 million in the fiscal year that ended on September 30. In the period, the company’s total number of employees reached 3,931.
Sales of dairy products to the region grew 34% in January as against the same period in 2011, with US$ 986,000. Exports from Brazil to the world remained stable in the period.
The United Nations Higher Commissioner for Refugees needs US$ 145 million to help the Sudanese who live in Ethiopia and Southern Sudan.
This week the Renault-Nissan factory was inaugurated in the city. It should produce 400,000 vehicles in 2014 and generate US$ 4.6 billion in exports. The unit focuses on sustainability.
The airline from the United Arab Emirates ended 2011 with net profit of US$ 14 million, the first since the company started operating, in 2003. The target for 2012 is to reach 10 million passengers.
The International Monetary Fund has concluded studies of the conditions of the Jordanian economy and says that the nation is vulnerable to external conditions and may face protests.
The secretary general at the UN, Supachai Panitchpakdi, defends a ‘global new deal’. To him, development needs to dictate the route of the global economy, not the financial system.
The African nation will have access to a new traunch of International Monetary Fund credit to face commodity price increases and guarantee social assistance to the country’s population.
The bank grew 16.7% in net profit in 2011 as against 2010. Among the main factors is expansion of revenues with services.
Footwear Components By Brasil project of export promotion agency Apex and shoe and leather association Assintecal will cover Mexico, Guatemala, Peru, Colombia, Argentina, Italy, India and China.
The industry sold the equivalent of US$ 7.2 billion last year, according to the industry association Bracelpa. Out of that total, Africa purchased US$ 1 million worth of pulp and US$ 110 million worth
Minister of Industry claims that at the end of a 3-year program, the country will be able to produce all of the sugar it consumes, and that by 2013 it will boast a surplus in vegetable oil production.
