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Author: Guest Contributor

World Bank forecast sees minerals jump 16% in 2017

WASHINGTON, 26 April 2017— The World Bank is forecasting higher prices for industrial commodities, principally energy and metals, in 2017 and next year. The World Bank in its April Commodity Markets Outlook is holding steady its crude oil price forecast for this year at US$55 per barrel, increasing to an average of US$60 per barrel in 2018. Rising oil prices, supported by production cutbacks by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, will allow markets to gradually rebalance. These oil price forecasts are subject to downside risks should the rebound in the U.S. shale oil...

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The Limits of Economic Optimism

By Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Programme (UNDP). Currently he is a vice president of the Brookings Institution. WASHINGTON, DC – As the annual spring meetings of the World Bank and the International Monetary Fund commence, the world’s economic future appears brighter than it has in some time. The international financial institutions, not to mention many private-sector actors, are projecting significantly faster growth this year than in 2016. Is their buoyant outlook warranted? Until recently, most macroeconomic indicators were regularly leading to downgrades in growth projections. Now,...

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US$35 billion import bill for food hampers African economies

Washington DC – In an impassioned speech delivered at the Center for Global Development in Washington, DC, on Wednesday, 19 April 2017, African Development Bank President Akinwumi Adesina spoke about Africa’s enormous potential, and the bank’s ambitious development agenda. “Our vision for Africa is clear,” said Adesina as he that more than 9 millions Africans now enjoy improved acces to health care, through interventions by the development bank. In addition, he said, 3.3 million people were connected to electricity grids, 3.7 million had their access to water and sanitation improved, 5.7 million are improving their agricultural output and 7...

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Mariental Municipality installs services for land grabbers

By Lorato Khobetsi The Mariental Municipality Chief Executive Officer recently said that the municipality will not tolerate land grabbing, it is however willing to provide basic services to those residents who are already illegally occupy land in the town. In an exclusive interview with the Ministry of Information and Communication Technology – Hardap Regional Office recently, Paul Nghiwilepo said that land grabbing is illegal and is not allowed. “Land grabbing is illegal but what we are saying is that we have these people now who have settled here illegally. We are trying to formalize the process by giving them...

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Winning strategies for African manufacturing

As a first-mover into automotive assembly in Sub Saharan Africa, Nissan joined a number of South African companies that are creating successful businesses on the continent. Mike Whitfield, MD for Nissan Group of Africa, gives some insights on the company’s strategy from an automotive perspective. By Mike Whitfield – Almost four years after Nissan ventured into auto assembly in Nigeria, it fills me with pride when I am asked to comment on our success as an auto company operating in Africa. Especially given that challenges often over-ride opportunities when considering the pros and cons of business expansion on the...

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Improve your game from your inbox – Emotional Control

Golf Psychology By Coen Welsh – Wesley Bryan won the 2017 RBC Heritage in his first season of the PGA Tour. During his win, he showed remarkable emotional control. He described his nerves going through the 17th hole on Sunday to PGATour.com: “No. 17, I got up, and I just threw up a little bit in my mouth. And I was like, shoot, I guess this is what nervous feels like,” he said. “I was super nervous, but I didn’t really know it. It’s not like I had my hands shaking or I was like getting ahead in my...

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Mauritius is a destination for foreign investment

By Lloyd Green The island-state of Mauritius is ranked No. 1 in Africa for business climate by the World Bank Group and for good reason. The country’s leadership has targeted the financial sector as a foundation for broad economic growth. As a result, Mauritius, which is located off the southeast coast of Africa, has emerged as a major global investment destination thanks to its political stability, tax structure, strong communications network and robust regulatory system. Mauritius has worked hard to promote itself as a vehicle for change and development on the African continent. Its nearly 40 Double Taxation Treaties...

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