(CNN) - Good news for Nigeria. A wake-up call for South Africa.
That’s my “take-home message” from the headlines emerging from a new Morgan Stanley report, which predicts Nigeria’s economy will overtake South Africa’s as Africa’s largest by 2025.
High oil prices, the “decisive” election of President Goodluck Jonathan and buoyant consumer spending will all push Nigeria’s economy into the front in the next 15 years, says the Morgan Stanley survey.
Critics in South Africa say they are not concerned about the prospect of the country losing its spot as the largest economy on the continent.
New York (CNN) – Can an old dog learn new tricks? That is the question facing tech giant Microsoft.
Once a must-have growth stock, Microsoft shares have been stuck in the mid $20 range. While Apple has surged 391% in the past five years and Google has risen 28%, Microsoft shares are down 8%.
I caught up with Steve Ballmer at the launch of Office 365, the cloud version of its popular software package and a product the company hopes will dispel the image that they are trapped in the past.
He acknowledged the company suffers from a perception problem. “It is hard to understand. Half of the world’s inboxes are on Hotmail. We have maybe 50, 100% more customers than Gmail. We are not newbies.
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