Africa : Africa's top 4 economies are in trouble

[Clyde C Coger Jr]

In the Spirit of Sankofa,



Video: Africa's top 4 economies are in trouble



Growth in Africa has outpaced most emerging markets in recent years, but that's changing fast as a slew of problems beset its leading economies.

Cheap oil, political uncertainty and weak banks are all to blame.

Here's what you need to know about sub-Saharan Africa's big four:

South Africa

The prospects for Africa's most advanced economy are not looking good. The country is set to grow by just 0.6% this year, according to the International Monetary Fund. It's one of the slowest growing countries in one of the world's fastest growing territories ...


http://money.cnn.com/2016/04/15/news/economy/africa-economy-south-africa-nigeria-kenya-angola/index.html



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[Clyde C Coger Jr]

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We're about to find out what happens when you give poor people basic income for life


... So where do we go from there? The organization that we founded, GiveDirectly, has decided to try to permanently end extreme poverty across dozens of villages and thousands of people in Kenya by guaranteeing them an ongoing income high enough to meet their basic needs—a universal basic income, or basic income guarantee ...


http://www.businessinsider.com/givedirectly-gives-kenyans-basic-income-2016-4

Getty Imags/Christopher Furlong
The organization GiveDirectly will be providing 6,000 Kenyans with a basic income for 10 to 15 years

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