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2.12.4 South Africa
South Africa’s real GDP grew 2.8% in 2010, a positive turnaround from negative growth in 2009. Consumption of durable goods was noticeably higher. The 4.4% rise in the final consumption expenditure of households, accounting for two-thirds of GDP, was a driver of the economy. The economy, however, sl...
2.12.3 Algeria
Algeria’s real GDP grew 3.3% in 2010. Hydrocarbons have long been the backbone of the economy, accounting for roughly 30% of GDP. In 2010, Algeria began a five-year, US$ 286 billion development program to update the country’s infrastructure and provide jobs. However, escalating prices for foodstuffs...
2.12.2 Nigeria
Nigeria’s real GDP grew at a rate of 8.4% in 2010. The country produced an average of 2.36 million barrels of oil a day, up from 2.16 million barrels the previous year. Besides the oil industry, the service and construction industries also enjoyed stronger performance than in 2009.The market size of.../images/up/News/20115299405231911.jpg
2.12.1 Egypt
Egypt recorded real GDP growth of 5.1% in 2010, boosted by strong performance in the construction and tourism sectors. However, the pro-democracy protests in 2011 that brought down the government have resulted in political instability and an economic slowdown is likely inevitable.With its convenient...
2.12 Africa
Africa was largely unaffected by the financial crisis in the West, and the continent as a whole enjoyed an upswing in real GDP growth in 2010. The FIFA World Cup held in South Africa last June also boosted the African economy. Real GDP growth in Congo, Botswana, Nigeria, and Ethiopia was particularl...
Panasonic’s Econavi AC hits the market
By NETA NWOSU Wednesday, May 25, 2011 From left, Mr. John Woma, Media Consultant; Mr. Suraj Rupani, Promoter, Panaserve Nigeria Ltd; Mr. Takahashi Satoshi, Air Conditioner Business, Panasonic Corporation, Japan and Mr. Iwai Akira, Councellor, Panasonic Corporation, Japan during the launch of Pan.../images/up/News/2011525194578860.jpg
LG AC School Opened in East Africa
LG Electronics has opened its Air Conditioning Academy in Nairobi, Kenya, in February, marking a milestone in the field of heating, ventilation and air conditioning. The facility, based in Nairobi, is the first of its kind in East Africa, presents a structured channel for imparting advanced knowledg...
Entrepreneur Creates Energy Efficient Air Conditioner to Help Consumers Save Money
The price of gas is headed skyward again, nearing $4 a gallon fueled by unrest in Libya and the rest of the Middle East. The rising cost of gas is painful for millions of people still living paycheck to paycheck, forcing them to squeeze even more out of every dollar. If the price of oil continues to...
AEC Launches Panasonic ECONAVI
Written by Achong Tanjong Monday, 28 February 2011 Bandar Seri Begawan - AEC Sdn Bhd, the authorised sole distributor for Panasonic Air Conditioners in the Sultanate, is targeting the sale of 8,000 units of Panasonic air conditioners this year, according to its General Manager, Professor Dr Chong at...
Hisense Builds up Hisense-Condor Brand in Algeria
From simply export trades in Algeria in 2001 to the current joint production together with local appliance manufacturer Condor, Hisense has successfully built up Hisense-Condor brand in this country. The brand includes a variety of household appliances including televisions, refrigerators and air co.../images/up/News/2010103012122834823.jpg