How Far Will South Africa Fall? Its 2017 WEF Global Competitiveness Index Is Worrisome

27TH SEPTEMBER 2017 BY: AFRICAN NEWS AGENCY South Africa’s performance in the 2017-2018 World Economic Forum Global Competitiveness Index (WEF GCI) slipped 14 positions from the 2016-2017 WEF GCI results, leaving the country ranking 61 out of 137 economies assessed in the annual survey. Corruption, crime and theft, as well as government instability were cited as…

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Do You Know the 68 Things You Cannot Say on China’s Internet?

68 things you cannot say on China’s internet STEVEN LEE MYERS and Amy Cheng| © 2009 The New York Times | Sep 25, 2017 HIGHLIGHTS 68 categories of material are censored on internet in China. Words that describe explicit sexual acts are out. Ridiculing China’s historical revolutionary leaders are also prohibited. BEIJING: Song Jie, a writer in central…

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China’s $5.5trln Mobile Payment Taking Over the World as It Dwarfs America’s $112bn Market by 50 Times

“In China, the traditional wallet has been replaced by an electronic wallet on a smartphone. It’s common to make all of your payments for daily needs through that smartphone, using one of two main electronic payment providers: WeChat Pay or Alipay. WeChat Pay is part of the WeChat messaging family, owned by Tencent, and Alipay…

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Tanzania’s “Bulldozer” Leads the Revolt Against Red Carpet Treatment for Mining Investors

Comments A new spate of “mining nationalism” is brewing, targeting corruption, tax evasion, and a wide range of other shady practices that have for years characterized government-mining company relations in every mining jurisdiction around the world, and particularly in Africa. No week passes these days without a jolt to miners, from Tanzania to South Africa,…

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Oil Set for Biggest Third Quarter Rise Since 2004, Iraq Hints at OPEC Extension

The yo-yo in the global price for oil continues, but does your company have an adequate response strategy? Please read on:   Oil set for biggest third quarter rise since 2004, Iraq hints at OPEC extension By Amanda Cooper ReutersSeptember 20, 2017 A member from the Oil Police Force is seen at Nahran Umran field…

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40 Million in Modern Slavery and 152 Million in Child Labor Around the World

    40 million in modern slavery and 152 million in child labour around the world In-Depth Coverage New data reveal that the UN’s Sustainable Development Goals, particularly Goal Target 8.7, will not be achieved unless efforts to fight modern slavery and child labour are dramatically increased. 19 September 2017 NEW YORK (ILO News) –…

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Africapitalism, the Rise of the African Corporation and the Changing Face of Philanthropy in Africa

Africapitalism, the Rise of the African Corporation and the Changing Face of Philanthropy in Africa Okey Iheduru, PhD, Professor of Political Science, School of Politics and Global Studies, Arizona State University, USA                                       *   *   *…

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Tanzania vs. Mining Companies: Other African Countries May Finally Stand Up to Foreign Exploitation and Blackmail

“They should not threaten us. They are the ones that should be scared … Tanzanians are being robbed in broad daylight,” he said in an address on state television. “We cannot continue in this way.” — President John Magufuli.   “What’s happening in Tanzania is the natural result of a process that has been going on…

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Is Okorocha a Tragic Mistake Foretold?

This piece first appeared in Business Day (Lagos), Thursday, December 20th, 2012 with the title, “A Week in Governor Okorocha’s Populist Republic.”   The now deeply unpopular and loathed governor of Imo State, Rochas Okorocha, dancing while the state burns   By Okey C. Iheduru Until someone obsequiously intoned ‘Good Morning, Your Excellency,’ I didn’t know the…

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