Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus. When she succeeds Ben Bernanke, whose second four-year term as Fed chairman […]
World News
Kenya Second Largest Investor in Sub-Saharan Africa-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday said Kenya is the second largest investor in sub-Saharan Africa. Christine Lagarde, the Managing Director (MD) of the Fund made this disclosure in her speech ‘’Kenya at the Economic Frontier: Challenges and Opportunities’’ at the Kenya Private Sector Alliance […]
Dangote’s Worth Surged to $9.2b in 2013
Aliko Dangote, Africa’s richest person and the President of Dangote Group, is estimated to have added a whopping $9.2 billion to his fortune in 2013. He remains the 30th-richest person in the world, according to Bloomberg, a global financial intelligence. While the widely respected media corroborated Forbes Africa, reporting that […]
