Currently, there is a growing interest in the consumption of probiotic foods due to their reported health benefits. In developed countries, probiotics have been extensively studied and this has led to the production of a variety of probiotic foods especially with dairy milk. However, the use of beverages from plant materials as a potential carrier of probiotic microorganisms is receiving increasing attention. Various indigenous fermented foods containing probiotic bacteria have been part of l...
ABSTRACT It is an undisputable fact that the contribution of microfinance to entrepreneurship activities is increasing being recognized as a primary engine of economic growth. (The Economist, May 18th 1996). By combining existing resources with innovative ideas, entrepreneurs add value through the commercialization of new products, the creation of new jobs and the building of new firms. The Global Entrepreneurship Monitor (GEM) indicates that nations with higher levels of entrepreneurial acti...
ABSTRACT The tourism sector has increasingly become an important contributor to the growth and development of the Ghanaian economy. Identified as one of the key drivers of the service sector, the industry offers the country the opportunity to diversify her economy which over the years has been dependent on primary commodities from the extractive industry. Despite the potential of the tourism industry in Ghana, the country still lags behind regional leaders like Kenya, South Africa and Egypt...
ABSTRACTS The aim of this study is to examine the trend of public debt, economic growth, and the relationship that exists between debt (both external and domestic) and growth in Ghana using time series data from 1965 to 2017. Based on this data, this study found that the economic growth rate in Ghana has been fluctuating, with a record gross domestic product (GDP) growth of -12.4% recorded in 1975 attributed partly to the political instability at the time (Coup d'état). The debt level for th...
ABSTRACT The purpose of the study was to establish the effect of infrastructure investment on economic growth of Uganda. The objectives were to examine the effect of health infrastructure investment on economic growth. To examine the effect of road infrastructure investment on economic growth and to establish the effect of educational infrastructure investment on economic growth. The study was conducted based on time series data for the period of 1985-2016, the data was attained was analyze...
ABSTRACT South Africa is a member of the Southern African Development Community and it is termed the economic master minder of the region due to its economic development in the region unlike the other member states. Therefore by virtue of signing the 1992 SADC treaty it meant that everything that happens in South Africa or that South Africa does has to be in line with the SADC principles or objectives. The research study therefore assessed the impact of the South African xenophobic attacks on...
ABSTRACT This study, titled "An Empirical Analysis of the Relationship between Exchange Rate Fluctuations and Economic Growth in Nigeria (1994 – 2023)," investigates how exchange rate volatility impacts Nigeria's economic performance. Despite various policy measures, Nigeria's currency remains volatile, posing challenges for economic planning and development. The study aims to analyze the effects of exchange rate fluctuations on Real GDP, examining trends, patterns, and policy effectiveness...
ABSTRACT Oil revenue is indeed an important component of economic growth of the recipient nations. Therefore, most of the oil-rich nations invest the revenue from the oil sector into the non-oil sectors for strategic reasons. However, over the past five decades there has been a blur in the practicality to fulfilling this purpose in the context of Nigerian economy. So far, there is high inconsistency on the utilization of such oil revenue in Nigeria. Over dependence on oil revenue tends to dis...
This study analyzed the impact of taxation revenue on economic growth in Nigeria, the specific objectives include: Analyse the trend of taxation revenue and economic growth in Nigeria; examine the relationship between taxation revenue to economic growth in Nigeria; and determine the direction of causality between tax revenue and economic growth in Nigeria.The research made use of Real Gross Domestic Product (RGDP) as the dependent variable and Petroleum Profit Tax (PPT), Company Income Tax (C...
Abstract: The study used time series data for Zimbabwe (1975-2012) to: (i) empirically determine the link between economic growth and four macroeconomic variables (Foreign Direct Investment, volume of trade, Inflation and capital accumulation) (ii) analyze the impact of these macroeconomic variables on economic growth (iii) test if innovations in macroeconomic variables influence on the rate of economic growth and vice versa and (iv) establish the major drivers of economic growth. Using the ...
TABLE OF CONTENTSDECLARATION ...................................................................................................... i iAPPROVAL ............................................................................................................. iiiDEDICATION .......................................................................................................... ivAKN OWLEDGEMENTS ................................................................ , ........................ vTABLE 0 F ...
Abstract: Democratic governance implies a system of government where institutions function according to democratic norms and processes. Inequality is being not equal in terms of distribution of income, wealth and consumption and it is measured using Gini Index or Gini Coefficient. The study mainly focused on exploring the relationship between democratic governance and the rise of inequality in Africa. The study was guided by three objectives. The first objective examined the correlations bet...
ABSTRACT This dissertation focuses on the role of the African writer in the politics and societies of Africa, especially how this role has been reflected in the work of the African writer. Drawing on the premise set by Chinua Achebe’s 1965 essay “The Novelist as Teacher,” this research establishes the African writer as a continuous function, allowing this description to embrace the dynamic hybridity of African writers from the past, present and future generations. It is remarkable how ...
Abstract: In the wake of global developments towards the penultimate decade of the twentieth century, the post-colonial itch to be competitive became vital as engagement for African states at the international stage changed. The political economic models employed needed to be reviewed. Air transport, a key driver of many economies had to be realigned with the global changes. African states sought ways in which air transport could be modelled to increase intra-African connectivity through con...
The rationale of this study was to examine empirically how components of public sector size relates to GDP growth in East Africa from 1985-2015. Using balanced panel fixed or random effect model, public sector expenditure was disaggregated to scrutinize its effect of growth. The research tested for panel unit root and found that only two variables, that is, real GDP growth and capital spending - are stationary at level. The finding confirms the conventional view that relative capital spending...