CONCERN: 3 SUSTAINABLE GROWTH Sustainable growth is the maximum rate at which a company can grow without taking on any further debt financing. The sustainable growth is calculated as follows: ROE x (1- dividend pay-out ratio). The many factors that influence a company’s growth rate. It is important to understand that growth rate is more qualitative than it is quantitative. When determining the growth rate of an entity a variety of factors such as management and operations need to be taken into account
(COMESA) is a regional grouping of nineteen African sovereign states, namely Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe which have agreed to promote regional integration through trade development and to develop their natural and human resources for mutual benefit of all their people (COMESA, 1998). COMESA was established in 1994 to replace the Preferential
This essay will look at two different types of social problems which are education and population growth. In many LEDCs the lack of education is a main problem which refrains the development of the country. A lack or a bad education reduces the opportunities in life of every citizen and also creates an undertrained workforce which then leads to an economic decline so to less development. In many LEDCs the lack of education is a huge refrain for their development. According to
technologically, and socially, Africa has truly been growing, but maybe yet not enough to be considered as “rising”, as many inequalities, corruption, diseases, and social gaps still remain predominant. Economically, Africa is in a much better economic position today than it was at the turn of the
the independent African states was speaking loudly, openly and frankly about single-party, monoparty system. This aimed to transform the colonial multiparty system by which African leaders thought that colonial multi-party system will impede rapid growth of African political superstructure and development. Iliffe (1995, 2007: 395) noticed that ‘this politics seems to have entered the continent mainly through the Francophone states of West Africa, where Houphoüet-Boigny in the Ivory Coast and
Financial Reporting Standards. According to them, the adoption of IFRS by the accountant and auditors will go a long way to assist the economy, with their level of awareness we can expect a change in culture or attitude that will result in economy growth. The result of the second research question revealed that the Users’ level of acceptability of International Financial Reporting Standards (IFRS) was higher than Preparers’ and Educators' level of acceptability. This is not surprising because the
A multinational company is a company that conducts business in two or more countries but it has a central management in one country. The most dominant MNCs in African countries today include Toyota, shell, Coca-Cola, Lever Brothers, and BP. One positive fact about multinational corporations is that they bring products to the host countries that host countries could not have produced themselves. They also create employment opportunities in the host countries. “This goal may be achieved through acquiring
Regional economic integration initiatives has been prospect of enhanced economic growth in South African construction industry. The impact of regional economic integration and globalization on construction industries in South Africa is evidenced by the decreasing market share of the local players in the industry. Developing countries need to institute radical reforms in their development agenda in order to leapfrog, and bridge this difference. That is why increase in foreign participation in construction
the duty of an elected government to bring about reform in economic and social
Kachru refers to the status of English in countries such as, Bangladesh, Ghana, India, Kenya, Malaysia, Nigeria, Pakistan, Philippines, Singapore, Sri Lanka, Tanzania and Zambia as a result of colonization by the British empire but it did not replace their indigenous languages instead the it co-existed with them in certain role. So that, they are the ESL countries where English is not the first language for the majority but