Accra has the tenth highest number of millionaires amongst African cities – approximately 2300 as of June 2015, according to a new World Wealth Report by Johannesburg-based AfrAsia Bank. Accra lies tenth on the report’s list of 28 African cities with 500 or more millionaires. The list however excludes Libyan and Tunisian cities due to […]
Will nuclear energy ease Kenya’s power shortages?
Kenya is moving towards nuclear energy and the country is certain that in 20 years it will be producing the much needed power. Joel Kamande, the secretary and chief radiation protection officer in Kenya, told CNBC Africa that the nuclear power programme was a journey of a thousand miles. He added the country needed to […]
SA likely to avoid recession in 2015, says Moody’s
Picture: REUTERS SA WILL continue to experience slow economic growth, but will avoid a recession this year, even though the economy contracted in the second quarter, Moody’s said on Wednesday. The economy was suffering from a steep collapse in commodity prices, the negative effect of which had been more severe than the benefits obtained from […]
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