Abstract: China has over the last few years pursued stronger economic and diplomatic relations with African states. This has largely been fuelled by its extraordinary economic growth, which has led to domestic demand for resources and the search for profitable markets and investment outlets. As Kenya became a key focus for China’s trade and economic strategy in Africa, this research sought to examine China’s Foreign policy approach and its bilateral relations with Kenya. The rationale be...
Abstract: Bilateral and multilateral blocs play a fundamental role in advancing economic, political and socio-cultural integration among member nations. In this regard. BRICS was formed mainly on an economic theme. In Africa. South Africa is the only member of the BRICS. Some of the reasons of the country joining the bloc were prospects of enhancing global trade and market access, foreign direct investment and to increase its bargaining power. This study interrogated why South Africa was mot...
Abstract: Africa previously described by the rest of the world as the "Dark Continent", has witnessed a new wave of competition for its resources. This competition has renewed attraction of traditional players and rising powers like China. A new global power game worthy of the world attention could be shaping in Africa. The presence of China i n Africa is creating jitters among the European powers and the United States. The United States especially feels its hegemony threatened. Unfortunatel...
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...
Small and medium Enterprises are a key economic growth driver in Kenya. Although many start-ups rely on founder’s savings, friends and family to raise funds, these sources are normally not sufficient to scale the business to a profitable level. The entrepreneurs are therefore forced to look for alternative sources of funding. Banks have always been a popular source of capital for business but due to the high risk levels and uncertainty associated with SMEs, the banks always put conditi...
ABSTRACT This study examines the relationship between capital flight and economic development in Africa by focusing on the impact of capital flight on economic development in Nigeria and Ghana. Existing literature on the phenomenon of capital flight, has focused almost exclusively on exploring the relationship between capital flight and economic growth instead of economic development. The preponderance of that literature indicates that a negative relationship exists between capital flight and...
Abstract This paper examines the theory of the resource curse in relation to Botswana and Nigeria, two countries in Africa abundant in natural resources. After reviewing existing literature relevant to the topic, this paper considers policies and regulations used in the management of natural resources from both countries in an attempt to find out how Botswana has managed to be identified as a country enjoying unmatched growth rates in Africa while Nigeria is barely taking advantage of the res...
BACKGROUND OF THE STUDY In the content of the financial system, the term “Banking Regulation” appears relevant to the banking sub-system, it refer to as a body of specific rules or agree behavior either imposed by government or external agency or self imposed by some government or external agency or self imposed by the explicit or implied agreement within the industry that constrains the activities and business operations on the instructions or the industry to achieve a defined objectiv...
CHAPTER ONEINTRODUCTION1.1. Background of StudyForeign Direct Investment (FDI) plays a very important part in the industrial growth ofdeveloped and underdeveloped countries and help to boost economic growth (United NationsIndustrial Development Organization, 2009). The International Monetary Fund (IMF) Balance ofPayment Manual describes FDI as an investment made to secure a perpetual share in a businessorganization taking its �...
ABSTRACTMost developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Some economist and analysts are of the view that industrialization plays a major role in the economic growth and development of any nation.Thus in this research work, effort is made to assess the impact of industrialization on economic growth of Nigeria. Before colonial rule in ...
Abstract/Overview There is rich evidence that foreign assistance in the development of economies of Africa is widespread. Africa receives a greater share, at 36%, of total global aid to than any other part of the world. Over the past four decades, aid to Africa has quadrupled from around US$11 billion to US$44 billion, with a net increase of almost US$10 billion during the period 2005-2008 alone. However, the debate on how aid can be effective in Africa’s development is, still ongoing w...
Abstract: The quest for power affects every dimension in international relations. Strong states are capable of influencing and shaping the foreign policy of weak states, influence regional organizations and set the global agenda. Africa has been at the periphery of setting the global agenda mainly due to the fact that most African states formally joined the international system late and this relationship is a result of colonization that was prevalent prior to 1963's foundation of the Organiz...
Abstract: Avocado (Persea americana Mill.) production contributes to the economic growth of East Africa. However, poor fruit quality caused by infestations of tephritid fruit flies (Tephritidae) and the false codling moth, Thaumatotibia leucotreta (Meyrick), hampers access to lucrative export markets. Remote sensing and spatial analysis are increasingly applied to crop pest studies to develop sustainable and cost-effective control strategies. In this study, we assessed pest abundance in Mura...
Asia has been one of the most dynamic regions with renown rapid economic growth and development in recent times. In the past few decades, several developing economies such as in Asia have successfully transformed their economies and are acknowledged as newly industrialized economies through conscious technological researches and innovations. The new industrialisers such as China, South -Korea, Malaysia, Japan, India etal are now acknowledged as the key ‘Giants’ giants’ in the global eco...
TABLE OF CONTENTSDECLARATIONAPPROVAL iiDEDICATION iiiACKNOWLEDGEMENT ivCHAPTER ONE 2INTRODUCTION 21. lBackground of the study 21.2 Statement of the problem 41.3 Purpose of the study 51.3.2 Specific objectives 51.4 Research questions 61.5 scope of the study 61.6 Significance of the study 61.7 Limitations of the Study 7CHAPTER TWO 8REVIEW OF RELATED LITERATURE 82.0 Introduction 82.1 The poverty concept 82.3 Microfinance and poverty 92.4 To help the poor out of poverty 102.5 Methodology of Micro...