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Ghana, Kenya overtake Nigeria on list of most hardworking foreigners in US

Published

6 years ago

August 23, 2018

Global media company, Bloomberg has ranked Nigerians working in the United States as the eighth most hardworking foreigners in that country.

Among African countries, Nigerians were ranked eight position behind Ghana, Kenya and Ethiopia that held first, third and fourth positions respectively.

Nigerians scored 71.0 percent in the list of the hardest and most skilled immigrant groups in the US which was topped by Ghana with 75.2 percent.

Bulgaria and Kenya were ranked second and third with 74.2 percent and 73.4 percent respectively. Other African countries in the report’s top 10 are Ethiopia (4th), Egypt (5th), and Liberia (9th).

This makes Africans in general the most productive immigrants in the US ahead of those from Mexico and Central America, who constitute more than 70 percent of foreign nationals in that country.

“If we want more high-skilled, hardworking, English-speaking, ready-to-integrate immigrants, it looks like the most obvious place to find them is in African countries where English is widely spoken,” Bloomberg journalist Justin Fox, who came up with the report, said.

The report, developed from the 2016 US Census Bureau American Community Survey, ranked Nigeria 8th among the Most-Educated Immigrant Groups in the U.S.

Nigeria sandwiched between Australia (7th) and Malaysia (9th).

The report put the number of Nigerian legal immigrants in the U.S. at 262,603.

According to the report, Kenya, Nigeria, Nepal and Ghana have the highest number of citizens pursuing higher education in the US after Saudi Arabia.

Immigrants from Kenya, Nigeria and Ghana are near the top in both employment-population ratio and higher-education enrollment, it said.

Related Topics:Bloomberg Ghana Kenya most hardworking foreigners in US Nigeria Slam Reports

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IMF mission concludes 4th loan program assessment in Egypt

Published

2 days ago

November 22, 2024

Ifeoluwa Dada

Following the completion of a recent visit to Egypt, the International Monetary Fund (IMF) has announced that its mission had achieved significant strides in policy talks aimed at concluding the fourth review of the IMF loan program.

The review is the fourth in Egypt’s most recent 46-month IMF loan program, which was authorised in 2022 and increased to $8 billion this year following an economic crisis characterised by high inflation and chronic foreign exchange shortages. It may unleash more than $1.2 billion in financing.

Along with reaffirming its commitment to maintain a flexible exchange rate system, the IMF stated that Egypt “has implemented key reforms to preserve macroeconomic stability,” including the unification of the currency rate that facilitated imports.

Earlier on Wednesday, Egypt’s Prime Minister Mostafa Madbouly said Cairo has asked the IMF to modify the targets for the programme not only for this year, but for its full duration, he added without giving more details.

“Discussions will continue over the coming days to finalize agreement on the remaining policies and reforms that could support the completion of the fourth review,” the IMF added in its statement.

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Kenya seeks $750m from World Bank, obtains $200m from AfDB— Official

Published

4 days ago

November 20, 2024

Ifeoluwa Dada

The head of debt management for the finance ministry told Reuters that Kenya had obtained a $200 million loan from the African Development Bank (AfDB) and was negotiating a fresh $750 million loan with the World Bank.

After being forced to abandon proposed tax rises costing more than 346 billion shillings ($2.68 billion) in June due to fatal demonstrations, the East African nation’s administration, which has been grappling with significant debt, has been frantically seeking fresh funding.

The Finance Ministry’s public debt management office director general, Raphael Owino, told Reuters that the IMF’s October clearance of the seventh and eighth reviews, which opened the door for a $606 million loan tranche, had aided the ministry’s talks for more loans.

“The World Bank is coming on board, riding on the back of IMF receipts,” Owino said. “The AfDB is already on board.”

The discussions for more assistance, which came under the World Bank’s “Development Policy Operations” (DPO) with the government, were confirmed by a representative at the organization’s Kenya office.

“The amount of the current (loan) is yet to be determined. The amount will also depend on the implementation of the policy reforms agreed upon,” the spokesperson told Reuters, adding that past DPO loans averaged about $750 million.

In May, the World Bank approved the latest round of DPO loans, totalling $1.2 billion.

According to a statement made last month by Finance Minister John Mbadi, Kenya has set a foreign borrowing goal of 168 billion shillings for the fiscal year ending in June 2025.