Sierra Leone is located in West Africa and is surrounded by countries with similarly low Growth Domestic Product rates. After a decade long civil war, ending approximately ten years ago, the country has made significant progress in business and economic stability. Although there has been tremendous progress made, poverty and unemployment are major issues, which need to be addressed. In 2004, the unemployment rate for Sierra Leoneans- ages fifteen to twenty four- was five point two percent (CIA World Factbook). Within the past seven years, there have been an exceeding number of organizations whom plan to make an impact on the improvement of Sierra Leone’s well being.
Does foreign aid promote growth in Africa? Introduction The debate over aid effectiveness in Africa continues to be a contentious one at various international meetings. Despite being one of the world largest aid recipients, the African continent remains the poorest and most aid dependent. This is most visible in Sub Saharan Africa where one person in two still live under the poverty line (UN, 2008) notwithstanding the million of dollar received every year. By “foreign aid”, we refer to any financial assistance that is specifically given to help generate economic growth while “economic growth” describes a sustainable increase in economic activity capable to improve the lives of the majority of the citizens and measured as the annual percentage change in national income.
[16] In 1957, it became the first African nation to declare independence from European colonization. [17][18][19] This made Ghana a symbol of black achievement and helped to inspire other African nations to seek independence. It also had a major influence on Pan-Africanism and the Black Pride movements in the United States of America. [20][21] Ghana is the 7th-best governed country, 5th-most stable country and rated thirteenth-highest HDI on continental Africa. Ghana's economy is the 6th-largest on the Africa continent by purchasing power parity and Nominal GDP and is
It became a powerful and lucrative point of trade for South Asia and the entire Mediterranean. Axum became famous for its exports of ivory, frankincense, myrrh, and slaves. In 500 A.D. the empire of Ghana emerged. It was located in the upper Niger River Valley along the West African coast. Its economy consisted of farming, gold and iron mining.
The African economy is one of debate due to its unpredictability - it is infamous for its devastating famine and health problems, but some transnational companies (TNCs) see opportunities of regeneration and economic boost for both their company and the financial state of the country, as a wave of improving governance and demographics is predicted to come by some. Mukhtar Kent, who researches untapped markets for TNCs to penetrate, describes Africa as, 'the untold story'. He believes, "the presence and the significance of [...] business in Africa is far greater than India and China even today. The relevance is much bigger". Around 1 million Africans are employed to the biggest soft drink brand in the world - Coca-Cola.
West Africans looked to the Americas as a source of trade, commerce, a place to settle and a place to build new civilizations. The History of African civilization and Africans in Latin America is an important beginning to African American’s because; in world history these two regions were the first areas of the Americas to be populated by African immigrants and we’re also the first people to become African Americans. Africa has been portrayed in popular culture and academic discourse as a continent without history. Africa has history that was once overlooked but, as historians went back to reanalyze African history, they have represented the fact that Africa has changed over time, and that it has been a place of diverse groups of people throughout a long and rich history. Africa, in all of its regions, has a rich, diverse, and dynamic history.
The competitive advantages that Nicaragua offers for investments in agribusiness are what have driven the growth of the cocoa industry in the country. First, Nicaragua has access to more than 1,500 million people worldwide since it has signed free trade agreements (FTA) with several other countries. Moreover, Nicaragua is the largest country in Central America in terms of territory and more than 50 percent are uncultivated, representing a
Official Name: Ghana Capital: Accra Independence: The Gold Coast achieved independence from the United Kingdom in 1957, becoming the first sub-Saharan African nation to do so, and the name Ghana was chosen for the new nation to reflect the ancient Empire of Ghana, which once extended throughout much of west Africa. Ghana is a member of the South Atlantic Peace and Cooperation Zone, the Commonwealth of Nations, the Economic Community of West African States, the African Union, and an associate member of La Francophonie. Ghana is the second largest producer of cocoa in the world and is home to Lake Volta, the largest artificial lake in the world by surface area. Location: located in West Africa. It is bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south.
Rising oil prices and extraction in Libya led to increasing revenues. By exporting as much oil per capita as Saudi Arabia and through various welfare programs, Libya achieved the highest living standards in Africa; though not as high as several similarly oil-rich Gulf countries,[11][12] Libya remained debt-free under his regime. [13] Gaddafi and his relatives had been accused by critics of taking over much of the economy. Gaddafi started several wars and acquired chemical weapons. The United Nations called Libya under Gaddafi a pariah state.
Along with its imperialist history, the term “British Nation” has become fairly controversial. Whereas the colonisations have considerably enriched the United Kingdom, they also brought numerous different cultures on the British soil. That made Britain a welcoming and cheerful land, which nowadays praises its multiculturalism. At least, that is how Britain likes to be considered. Nevertheless, following the terrorist attacks perpetrated on the day after London’s victory for hosting the Games, multiculturalism faced its limits.