Africa, in the last Few years, has experienced a marked financial growth fueled by rising economies. South-South cooperation, as well as intra-African trade, has jump-started the continent’s development. This comes as the trade and industry center of gravity shifts from industrialized economies to large developing economies. Africa can only take benefits of the new economic landscape by addressing continental consistency, infrastructure development, and governance — both at national and cross border levels, to further the continent’s economic development.
By UNCTAD statistics, trade in supplies among Africa and developing countries has been on the upraise since the mid-90s. While it represent only $34 billion in 1995, trade rose to $97 billion in 2004, before surging to $283 billion in 2008. In the same year, trade between other developing countries and those in Africa exceeded the total volume of trade between Africa and its main trading partner, Europe, for the first time ever.Trade between Brazil and Africa, for example, quadrupled during the tenure of President Lula. Reputation at $6 billion in 2002 when he took office, trade between the Latin American country and the African continent has reached $26 billion in his final year in office. But while trade has increased, experts have encouraged Africa to take advantage of this new economic landscape to drive its economy.
Mutual funds need no introduction. They are one of the most popular investment vehicles in the country today. Mutual funds allow a group of investors to pool their money together and taste a broader range of stocks or bonds than they could if they were trying them on their own.
Some of the many benefits of investing in mutual funds are:
1. Very simple to purchase and sell
2. Mutual fund industry in India is very well regulated and transparent
3. Funds can be made in lump sum or intermittent payments
4. Diversification helps to defend from problem risk
5. Professional management saves time and costs.
6. Dollar cost averaging helps profit from small regular investments
There are a lot of categories of mutual fund scheme accessible today and in each category there are hundreds of mutual funds present akin to stars in a milky way. But depending ahead the category of mutual fund scheme you invest in, the earnings from such investments can be in the form of regular income and/or capital appreciation. The taxation differs for different categories of mutual fund schemes.
