But within a decade, the narrative about Africa changed- from a region of unabated pestilence to a rising economic giant. The Economist published another article, “Africa Rising”, a direct opposite of its infamous “Hopeless Africa”. In the past decade, Africa’s economy grew at an average combined rate of 6%. And various organizations including IMF, World Bank, AfDB and thought leaders also bought into the Africa rising narrative churning out mind blowing data and projections confirming Africa as the next frontier. Nigeria transits from a battered economy into Africa’s biggest economy.
Second, using bitcoins require less fees or even no fees. On one hand, Some famous E-commerce website like Bitmit, Mt.Gox only require 0.2 percent fee or even less when people trade with Bitcoins. Using Bitcoin in daily payment can significantly reduce the fee compared to the fee required in recent payment system. On the other hand, when people want to invest a large amount of money into foreign countries, Bitcoin is also their best choice. According to the World Bank, the average fee for sending money into Africa is an enormous 12 percent, and the cost of sending money between African countries is even higher.
Regarding the stock of tertiary-educated emigrants, several interesting features emerge. First of all it was noticed that the number of tertiary-educated workers in the total stock of migrants exceed the share of tertiary-educated workers in the domestic labor force in every developing region of the world. In sub-Saharan Africa, the tertiary educated account for less than 3 percent of the labor force but more than 35 percent of all migrants (Ratha, Mohapatra, Ozden, Plaza and Shimeles, 2011). Secondly, highly educated individuals are more likely to emigrate than less educated ones. For instance in 2005/2006, the emigration rates of tertiary-educated people (13.3%) exceed by far the total emigration rates (1%) in The Gambia (OECD, 2012).
The selling price of UAZ in the Nigerian Market is estimated to be of $11000. Moreover Nigeria is believed to have a rising consumer price index with 2% as of January 2015 and a GDP per capita of 478.5 billion US$. The country faces a Tax Rate of 30% with an import tax of 2.5%. UAZ however believes in using Nigeria as a critical market in order to establish business as it can serve as a free port and is part of an open economy. In addition to this, the political scenario in Nigeria encourages less expensive models and the National Automotive Industry Development Plan is an incentive for investors.
5 Conclusion and Recommendations The conclusions in this chapter deal with answers to the main research problem: what are the main determinants of the direction of trade flows in the East African Community (EAC) regional economic bloc? It also answers the sub-question of “does membership in EAC help partner states increase their trade volume”? In other words, it answers the question that whether membership has helped boost intra-regional trade. Based on the research results, conclusions on theoretical and empirical implications are drawn, and last but not least, recommendations that could be considered in boosting intra-regional trade are proposed. This research examined the theoretical basis and empirical success of one of Africa’s successful
MASINDE REGISTRATION NUMBER FI/0424/T.2014 A Research Paper Submitted in Partial Fulfillment of the Requirements for Degree of Masters of Science in Finance and Investment Coventry University in Collaboration with Institute of Accountancy Arusha. CERTIFICATION I, the undersigned certify that I have read and hereby recommend for acceptance by Coventry University the dissertation entitled: “Implementation of ABC on Company Performance, a Case of Coca-Cola Company in Tanzania” in fulfillment of the requirements for the degree of Masters of Science in Finance and Investment offered in collaboration between Institute of Accountancy Arusha and Coventry University. DECLARATION I, Salum R. Masinde, declare that this dissertation is my own original work and that it has not been presented and will not be presented to any university for similar or any other degree award. Signature…………………………………………
Low cost of resources and cheap labour causes increasing of attractiveness of China for German FDI. Germany disposes technology know-how and managerial skills which leads them to good partnership with emerging markets like China. To the Location advantages may include market potential which is huge as the Chinese consumers have significantly purchasing power. Disposable incomes can equal or exceed those of European and American consumers. Now, the number of potential customers is more than 1,4 billion (worldometers.info).
Furthermore of this figure, more than two thirds are said to have settled in mostly neighbouring countries in the region and other African countries (South-South migration). According to the UN Department of Economic and Social Affair report (2013), majority East African countries have low levels of migrant population; the report further indicate that only Djibouti and South Sudan had 5% or more of their population being migrants. Population movement in the region is mainly driven by wars and conflicts rising from political upheaval and ethnic tensions. Nevertheless, the search for employment and better economic life has also been a driving force for movement. Labour migration in the region is not as pronounce as it is in its neighbouring Southern Africa.
With these sources, a PESTLE analysis will be conducted to thoroughly determine where KFC could improve and where it holds a competitive advantage in its market environment. Porter’s model will be used to analyse the challenges facing KFC in the market environment. Finally, strategies of how KFC has maintained a competitive advantage will be reviewed, and furthermore, new strategies that could be useful to the company’s future will be discussed. Background KFC was founded in the USA in 1930 by Colonel Harland Sanders. KFC was introduced to the South African market in 1971, making it the oldest fast-food outlet in the country.
Some argue that SMEs expansion boosts employment more than large firm growth because SMEs are more labour intensive thereby subsidizing SMEs may represent a poverty alleviation tools, by promoting SMEs, individual countries and the international community at large can make progress towards the main goal of halving poverty level by 2020 i.e to reduce poverty by half and becoming among 20 largest World Economies (Nigeria Vision 20:2020). Entrepreneurial development is therefore important in the Nigeria economy which is characterized by the following, heavy dependence on oil, low agricultural production, high unemployment, low utilization of industrial capacity, high inflation rate, and lack of industrial infrastructural base. These constraints limit the rate of growth of entrepreneurial activities in