Factoid

Every 24 hours aproximately 180,000 people in developing countries will be moving from the countrywide to cities, such as Shanghai, Sao Paulo, Johannesburg. The same will happen every year for the next 30 years, according to the UN.     Wall Street...

African Economy

In 2008 remittance payments (Africans in the US and Europe sending funds home) accouted for 7% of GDP in Uganda, but is down by half so far this year (based on the global economic downturn). Lower remittances principally affect African consumer spending and the real...

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