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ANC seen pushing market-friendly economic policy ANC seen pushing market-friendly economic policy(0)

South Africa is expected to move towards more market-oriented economic policies after the ruling African National Congress (ANC) won elections with 62% of the vote, analysts said. CONTINUE READING

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Ethiopia builds on economic momentum Ethiopia builds on economic momentum(0)

Ethiopia is building on its economic momentum with a spate of new developments, but needs higher growth rates to fulfil its ambition of achieving middle-income status. CONTINUE READING

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South Sudan’s latent potential South Sudan’s latent potential(0)

Just 10 days before South Sudan erupted in civil war last December, the government hosted more than 900 investors from 55 countries to showcase the country’s investment opportunities. CONTINUE READING

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DRC: A Diamond In The Rough DRC: A Diamond In The Rough(0)

The Democratic Republic of Congo (DRC) is set to emerge as the fastest growing economy in Africa, clocking growth rates of 8.7% and 8.5% in 2014 and 2015, respectively. CONTINUE READING

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Sub-Saharan Africa inflation creeps up Sub-Saharan Africa inflation creeps up(0)

Inflation rates are rising in most of Africa’s biggest economies such as Nigeria, Angola, Ghana and Mozambique, which may force the region’s central banks to tighten monetary policy. CONTINUE READING

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Tanzania LNG on backburner amid constitution review Tanzania LNG on backburner amid constitution review(0)

Tanzania’s dream to beat Mozambique and emerge as East Africa’s first exporter of liquefied natural gas has suffered a setback as politicians bicker over a new constitution for the country.CONTINUE READING

Eurobond likely as Kenya eyes revised GDP Eurobond likely as Kenya eyes revised GDP(0)

Kenya appears set to issue its debut USD 2 billion Eurobond before June, as the government looks to capitalize on favorable fiscal conditions and the prospects of middle-income status after a GDP revision. CONTINUE READING

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Africa banks on mobile money accounts Africa banks on mobile money accounts(0)

Sub-Saharan Africa may have some of the highest poverty levels in the world, but it is an absolute leader in mobile financing, according to latest research. CONTINUE READING

Infrastructure woes undermine Africa competitiveness Infrastructure woes undermine Africa competitiveness(0)
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With 16 landlocked countries in Africa regional integration and greater cooperation is crucial to unlock economic growth in the continent. But the reality is that cross-border trade is weak at best, and sometimes hostility between two neighbors makes attempts at economic cooperation impossible. CONTINUE READING

South Sudan’s latent potential South Sudan’s latent potential(0)

There is hope that warring leaders can put aside tribal rivalry and help the country emerge as a new investment hotspot. CONTINUE READING

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Africa infrastructure investments hinge on reforms Africa infrastructure investments hinge on reforms(0)

Africa’s massive infrastructure needs present a huge opportunity for the private sector, but governments will need to improve the regulatory environment and strengthen regional markets to lure companies. CONTINUE READING

Sharp downturn eclipses Ghana’s prospects Sharp downturn eclipses Ghana’s prospects(0)

Ghana’s minister for finance and economic planning Seth Terkper issued a clear warning earlier this month that the Ghanaian economy is suffering and may need help from the International Monetary Fund, underlining the scale of the country’s economic problems. CONTINUE READING

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Mozambique emerges as LNG front-runner Mozambique emerges as LNG front-runner(0)

Mozambique’s proposed liquefied natural gas project has the lowest upstream capital costs in the world, making the country a highly attractive location for development. CONTINUE READING

 

Renewables gain ground in S. Africa Renewables gain ground in S. Africa(0)

South Africa has been a ‘standout’ performer in attracting renewable energy investment, according to a new report by the United Nations Environment Programme (UNEP). CONTINUE READING

 

 

Rebasing helps Nigeria in GDP race Rebasing helps Nigeria in GDP race(0)

GDP is nothing but a number. After a two-year delay, Nigeria has finally rebased its gross domestic product and emerged as Africa’s largest economy ahead of South Africa, which had long held the title. CONTINUE READING

Africa mining ripe for M&As Africa mining ripe for M&As(0)

After a fairly tumultuous period for commodities, metal prices are steadily rising again, which could bode well for mergers and acquisitions activities in Africa. CONTINUE READING

Oil reliance and lack of reform leave Gabon vulnerable Oil reliance and lack of reform leave Gabon vulnerable(0)

Gabon’s financial problems have been vastly exaggerated. An erroneous news report late last month suggested Gabon’s government had suspended salaries of government employees as it did not have adequate funds. CONTINUE READING

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Namibian port poised to be logistics hub Namibian port poised to be logistics hub(0)

Namibia’s Walvis Bay could emerge as southern African states’ gateway to Europe. CONTINUE READING

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BRICS high on Africa’s global trade agenda BRICS high on Africa’s global trade agenda(0)

Emerging markets are eager to diversify away from the developed economies and looking to open up fresh avenues for trade, investment and exchange of product and services. CONTINUE READING

Concerns grow over Nigeria’s ‘lost billions’ Concerns grow over Nigeria’s ‘lost billions’(0)

The suspension of Nigeria’s central bank chief has raised uncertainty for the economy as investors worry about its long-term impact. CONTINUE READING

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Africa’s power sector whets investors’ appetite Africa’s power sector whets investors’ appetite(0)

Africa’s demand for electricity is expected to grow at an annual rate of 3% over the next two decades opening up lucrative opportunities for global utility companies and international investors, according to a new study. CONTINUE READING

 

Tanzania’s LNG dream faces headwinds Tanzania’s LNG dream faces headwinds(0)

Tanzania’s push to accelerate its natural gas development has hit a speed bump as the process gets mired in legislative processes. CONTINUE READING

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Mining investments reach USD110bn in Africa Mining investments reach USD110bn in Africa(0)

The global mining industry may have endured a terrible 18 months, but it continues to keep the faith in many African projects. CONTINUE READING

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China-Africa trade grows 6% amid slowdown China-Africa trade grows 6% amid slowdown(0)

China-Africa trade surpassed USD 200billion last year, reaching USD 210 billion, up 6% from the USD 198 billion achieved in 2012, according to data from Johannesburg-based Standard Bank Group. CONTINUE READING

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Rules keep resource-rich Kenya shackled Rules keep resource-rich Kenya shackled(0)

Development of natural resources in Kenya would help lift the country’s economy further, but the regulatory environment remains “hostile” to foreign investment. CONTINUE READING

Namibia heads for the middle-income trap Namibia heads for the middle-income trap(0)

Namibia has been a success story in Africa and has climbed the socio-economic ladder to emerge as a small middle-income country. But after major advances, growth in this country of 2 million appears to have stalled, as the economy reaches the limits of its infrastructure and economic plans. CONTINUE READING

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Africa tops world’s economic crime hotspots Africa tops world’s economic crime hotspots(0)

Half of the African corporations responding to a survey said they had been victims of economic crimes, as the corruption epidemic continues to haunt the continent. CONTINUE READING

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Nigeria to host USD95bn worth of FDI projects Nigeria to host USD95bn worth of FDI projects(0)

More than a hundred projects with a combined value of USD 95 billion are under way in Nigeria, as one of the world’s most promising economies continues to grow strongly despite a range of political issues. CONTINUE READING

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Africa’s air travel demand to soar 5.7% yearly Africa’s air travel demand to soar 5.7% yearly(0)

As Africa’s tourism sector gears up, demand for air travel is also rising. The continent will see air traffic growth soar 5.7% annually over the next two decades, beating the global average of 5%, according to estimates by commercial air-plane maker Boeing. CONTINUE READING

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South Africa’s ANC faces pressure in run up to polls South Africa’s ANC faces pressure in run up to polls(0)

South Africa’s African National Congress led by Jacob Zuma will soon be contesting elections for the first time this year without the moral support of legendary statesman Nelson Mandela, who passed away earlier this year. CONTINUE READING

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Uganda-Kenya pipeline to unlock oil potential Uganda-Kenya pipeline to unlock oil potential(0)

Uganda pushed its oil file forward after signing a memorandum of understanding with China National Oil Offshore Company (CNOOC), and Ugandan units of French oil giant Total E&P and UK explorer Tullow Corp. earlier this year. CONTINUE READING

Foreign investments to fuel Africa’s growth Foreign investments to fuel Africa’s growth(0)

Sub-Saharan Africa’s economic fundamentals look strong over the next three years, but a “protracted” decline in commodity prices and tighter US monetary policy pose a risk to growth. CONTINUE READING

ECX proves beacon of hope for Ethiopian commodities ECX proves beacon of hope for Ethiopian commodities(0)

As the humble mung beans began trading on the Ethiopian Commodity Exchange (ECX) in January, it has signaled the growing importance of financial vehicles in Africa’s commodities sector and highlighted the hope that millions of African farmers could be lifted out of poverty. CONTINUE READING

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Africa as hospitality’s unchartered territory Africa as hospitality’s unchartered territory(0)

Africa’s hospitality sector promises some of the biggest rewards, as rising GDP and greater investment in infrastructure is helping the continent leverage its natural beauty to tourists. CONTINUE READING

 

Mining woes sour Africa’s investment appeal Mining woes sour Africa’s investment appeal(0)

Africa accounts for two-thirds of the world’s mineral reserves, but recent regulatory changes in the continent could have an adverse effect on the mining industry, which is already reeling from major price pressures. CONTINUE READING

Road to Africa paved with opportunities Road to Africa paved with opportunities(0)

Less than 20% of Sub-Saharan Africa roads are paved, compared to a global average of nearly 65%. CONTINUE READING

East Africa may launch single currency by 2024 East Africa may launch single currency by 2024(0)

If all goes to plan within 10 years from now, the East African Community (EAC states of Burundi, Kenya, Rwanda, Tanzania and Uganda will have a single currency and a monetary union. CONTINUE READING

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MINT poised to add flavor to global economy MINT poised to add flavor to global economy(0)

The Goldman Sachs economist now believes MINT countries — Mexico, Indonesia, Nigeria and Turkey — might be the new engines of global growth. CONTINUE READING

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African CEOs’ confidence reigns supreme African CEOs’ confidence reigns supreme(0)

More than 90% of African CEOs are very confident or somewhat confident of their companies’ growth prospects over the next 12 months. CONTINUE READING

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Ghana sets sights on hydrocarbon wealth Ghana sets sights on hydrocarbon wealth(0)

As Ghana’s economy falters, the authorities are looking to find ways to stabilize the economy and focus on the country’s hydrocarbons sector. CONTINUE READING

Mali teeming with opportunities despite risks Mali teeming with opportunities despite risks(0)

Mali had teetered on the brink of instability over the past two years until French forces intervened to restore order and democracy back to the landlocked African states. CONTINUE READING

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Most African nations generate record wealth Most African nations generate record wealth(0)

Angola has seen the greatest increase in wealth creation in Africa since the start of the 21st century.CONTINUE READING

Nigeria poised to be Africa’s largest economy Nigeria poised to be Africa’s largest economy(0)

Nigeria’s GDP may rise 53% next year, making it Africa’s largest economy, if new measures to estimate GDP growth are implemented, according to one analyst. CONTINUE READING

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Africa becomes magnet for private equity funds Africa becomes magnet for private equity funds(0)

Expect more private equity activity in Africa and the Middle East in the New Year, as the economic dynamo continues to attract investors. CONTINUE READING

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Dull economy takes shine away from Cameroon Dull economy takes shine away from Cameroon(0)

Cameroon will continue its lackluster growth of around 5% at a time when other African states are galloping ahead. CONTINUE READING

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Mozambique political tensions seen rising in 2014 Mozambique political tensions seen rising in 2014(0)

A subliminal moment in Mozambique’s history in 1997 turned the country’s economy on its head. CONTINUE READING

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East Africa’s rising risks put investors on edge East Africa’s rising risks put investors on edge(0)

East African countries have emerged as rising economic stars in the continent with Kenya, Tanzania and Mozambique in the midst of an impressive growth spurt. CONTINUE READING

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Natural gas to be fastest growing energy source Natural gas to be fastest growing energy source(0)

Fears of the Middle East losing its position as a major natural gas exporter in the next few decades are unfounded, at least according to Exxon Mobil, the world’s largest oil and gas company that’s not affiliated with a government. CONTINUE READING

Kenya looks to infrastructure for economic fix Kenya looks to infrastructure for economic fix(0)

Infrastructure projects focused on Kenya’s transportation and energy sectors are set to reinvigorate the economy, as the country emerges from an election year and the terrorist attack in Nairobi that killed scores of people earlier this year. CONTINUE READING

SSA: In search of next wave of growth SSA: In search of next wave of growth(0)

Sub-Saharan Africa’s growth rate over the past decade is impressive but it is based on picking “low-hanging fruits” and modification of faulty policies, rather than paradigm policy shifts, according to International Monetary Fund. CONTINUE READING

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Mounting debts pose risk to Ghanaian economy Mounting debts pose risk to Ghanaian economy(0)

After flying high for a number of years, growth appears to be cooling in the West African state of Ghana. CONTINUE READING

Ethiopia is where Africa’s super-rich roam Ethiopia is where Africa’s super-rich roam(0)

Long seen as synonymous with poverty and droughts, Ethiopia has broken all stereotypes and seen the largest increase in number of dollar millionaires in Africa over the past six years as its economy soars. CONTINUE READING

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Minerals draw UAE, other investors to Guinea Minerals draw UAE, other investors to Guinea(0)

Guinea’s impoverished economy received a major boost in late November when Abu Dhabi’s Mubadala Development Company signed a deal with the government to build an alumina refinery, which is expected to attract an estimated USD 5 billion in foreign investment. CONTINUE READING

Nigerian banks’ net suffers on high funding costs Nigerian banks’ net suffers on high funding costs(0)

Nigerian banks are facing higher costs as a set of new rules impact their bottom lines. CONTINUE READING

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Experts: Sun could burn a hole in Africa’s pockets Experts: Sun could burn a hole in Africa’s pockets(0)

Adapting to climate change could cost the African continent around USD 7-15 billion per year by 2020, according to the United Nations Environment Programme (UNEP). CONTINUE READING

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Unsteady fiscal policy leaves Zambia vulnerable Unsteady fiscal policy leaves Zambia vulnerable(0)

Growth in Zambia is slowing as the country’s high wages and lower commodity exports to China take their toll on the economy. CONTINUE READING

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Climate change to alter Africa’s economic dynamics Climate change to alter Africa’s economic dynamics(0)

Adapting to climate change could cost the African continent around USD 7-15 billion per year by 2020, according to the United Nations Environment Programme (UNEP). CONTINUE READING

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DRC rebels, government find common ground DRC rebels, government find common ground(0)

The end of hostilities between the MR23 rebel group in the eastern Democratic Republic of Congo and the government could mark a new peaceful chapter in the country’s war-ridden history. CONTINUE READING

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Demographics, income to fuel Africa’s retail sector Demographics, income to fuel Africa’s retail sector(0)

Africa’s consumer services industry is expected to receive a major boost as fresh waves of educated young people enter the labor market, leading to the rise of a wealthier middle class that will fuel growth in the services industry, according to a new report. CONTINUE READING

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Tunisia sees no sign of political resolution soon Tunisia sees no sign of political resolution soon(0)

Ground zero of the Arab Spring movement appears to have made very little progress after ousting its ruler Zine El-Abidine Ben Ali in early 2011. CONTINUE READING

Kenya basks in newfound hydrocarbon riches Kenya basks in newfound hydrocarbon riches(0)

When Tullow Oil stumbled upon oil on the Kenyan-Ethiopian basin, it put an end to 50 years of drilling disappointment in the country and opened up a new era of growth for the country. CONTINUE READING

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Africa on the bottom rung of doing business index Africa on the bottom rung of doing business index(0)

Sub-Saharan Africa is the lowest ranked region in the world when it comes to business-friendliness, but it is making rapid progress, according to the latest edition of the World Bank’s Doing Business survey. CONTINUE READING

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Doubts emerge over Ghana’s creditworthiness Doubts emerge over Ghana’s creditworthiness(0)

High-flying Ghana was dealt a serious blow as Fitch Ratings cut the country’s credit rating by one level on concerns that the authorities may not be able to curb the budget deficit and rein in debt. CONTINUE READING

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UN watchdog says USD1trn needed to electrify Africa UN watchdog says USD1trn needed to electrify Africa(0)

Africa is expected to spend more than a trillion dollars on electricity generation over the next 40 years, but it may still not be enough to meet the continent’s need. CONTINUE READING

Mauritius leads Africa’s governance ranking Mauritius leads Africa’s governance ranking(0)

Island states emerged as Africa’s leading lights in terms of governance and rule of law. CONTINUE READING

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Weak gov’t spending offers dim outlook for S. Africa Weak gov’t spending offers dim outlook for S. Africa(0)

South Africa will remain an economic laggard in Africa, as the government has few answers to the structural challenges facing the country, according to analysts. CONTINUE READING

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Algeria’s presidential polls raise reforms optimism Algeria’s presidential polls raise reforms optimism(0)

The Algerian economy is cruising along in low gear, but investors are hoping that presidential elections in April 2014 will speed up economic and social reforms. CONTINUE READING

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Sub-Saharan Africa’s GDP to expand 5% in 2013 Sub-Saharan Africa’s GDP to expand 5% in 2013(0)

While Sub-Saharan Africa has growing trade ties with the rest of the world, many of the African countries remains largely disconnected and that may benefit the region as it posts sterling growth this year and the next. CONTINUE READING

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Oil majors wake up to South Africa’s shale potential Oil majors wake up to South Africa’s shale potential(0)

Companies are buying stakes in the country’s natural gas sector after the government relaxed its exploration policy. CONTINUE READING

African tourism poised to create 4m jobs in 10 years African tourism poised to create 4m jobs in 10 years(0)

Africa’s tourism industry could create nearly 4 million new direct jobs in the next 10 years with the right investment and planning policy, according to a new report by the World Bank. CONTINUE READING

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Tourism boom offers African hotels chance to grow Tourism boom offers African hotels chance to grow(0)

Sub-Saharan Africa has roughly 400,000 hotel rooms, but only a mere 10% meet international standards. CONTINUE READING

Nairobi mall siege to cost Kenyan tourism USD160m Nairobi mall siege to cost Kenyan tourism USD160m(0)

Kenya has made international headlines for all the wrong reasons lately. CONTINUE READING

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Emerging nations make progress on sustainability goals Emerging nations make progress on sustainability goals(0)

Three African states and one Middle East country emerged as some of the best performing countries in a survey on sustainable development conducted by Standard Chartered Bank. CONTINUE READING

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Amid uncertainty, African CFOs chart prudent course Amid uncertainty, African CFOs chart prudent course(0)

Chief financial officers in southern African states can see light at the end of tunnel after a somewhat wobbly economic environment, but are still taking a more cautious view of the future, according to a new survey. CONTINUE READING

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Political bickering, insurgency strain South Sudan Political bickering, insurgency strain South Sudan(0)

South Sudan, which broke off from its northern neighbor two years ago amid much hope, is going through a tumultuous period, as ethnic rivalries dent the nascent economy’s prospects. CONTINUE READING

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Economic hope falters ahead of Swazi elections Economic hope falters ahead of Swazi elections(0)

As the citizens of Swaziland head to the polls on September 20, international observers are pointing to the country’s “unsustainable” path and a “crisis” that is inevitable if the current policies and political set-up continues. CONTINUE READING

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Africa poised to become economic powerhouse Africa poised to become economic powerhouse(0)

More than 800 active infrastructure projects with a combined value of USD 700 billion are under way in Africa, as the continent aspires to alleviate standard of living for its citizens and boost economic growth. CONTINUE READING

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China’s success story sets example for Africa China’s success story sets example for Africa(0)

Three decades ago, countries like Malawi, Burundi and Burkina Faso were ahead of China on a per capita basis. But China is now the world’s second largest economy, with 400 million people lifted out of poverty. CONTINUE READING

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Mauritius tourism down as EU crunch time bites Mauritius tourism down as EU crunch time bites(0)

Last month, the Mauritius government said it will not be able to meet its target of one million tourists this year, due to continued economic tightening by Europeans, which make up the bulk of its international tourists. CONTINUE READING

Africa telecom sector set to grow USD234bn by 2020 Africa telecom sector set to grow USD234bn by 2020(0)

Africa’s burgeoning USD 60 billion telecom market is set to grow nearly fourfold at an annual rate of 21.27% to reach USD 234 billion by 2020, according to new research. CONTINUE READING

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WEF names Africa’s most competitive economies WEF names Africa’s most competitive economies(0)

Mauritius, South Africa and Rwanda have emerged as Africa’s three most competitive economies, according to a new report. CONTINUE READING

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Robust economy fuels Africa’s millionaire club Robust economy fuels Africa’s millionaire club(0)

Nigeria is expected to create more USD millionaires over the next eight years than any other African country, according to UK-based New World Wealth. CONTINUE READING

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The best investment for Africa The best investment for Africa(0)

Despite its enormous natural riches and cultivable land, too many Africans go to bed hungry. CONTINUE READING

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Sub-Saharan Africa rates steady despite inflation spike Sub-Saharan Africa rates steady despite inflation spike(0)

Interest rates are on hold in many Sub-Saharan African countries despite fears of inflation rearing its head again, as the region hopes to maintain growth amid a lukewarm global economic environment. CONTINUE READING

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Lackluster gold dampens South Africa’s prospects Lackluster gold dampens South Africa’s prospects(0)

Mining companies across the world are in retreat, which is set to adversely impact the South African economy. CONTINUE READING

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Nigeria losing USD12bn per year to oil theft, sabotage Nigeria losing USD12bn per year to oil theft, sabotage(0)

Nigeria’s oil thieves are pilfering the profits of some of the world’s largest oil companies. CONTINUE READING

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US lays out plans to bolster trade relations with Africa US lays out plans to bolster trade relations with Africa(0)

When US president Barack Obama visited a handful of African states in July, he had one central agenda in mind: raising US trade in Africa. CONTINUE READING

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Stagflation fears running high in South Africa Stagflation fears running high in South Africa(0)

As widely expected, the South African Reserve Bank (SARB) left repo rates unchanged at 5% last week as the country counters the threat of stagflation. CONTINUE READING

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Africa to grow 5.5% per annum, but risks remain Africa to grow 5.5% per annum, but risks remain(0)

Africa is now the world’s fastest growing continent and is set to grow at more than 5.5% per annum for the foreseeable future, according to the latest report from the African Development Bank (AfDB) Group. CONTINUE READING

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High bribery index tarnishes Africa’s reputation High bribery index tarnishes Africa’s reputation(0)

African countries have seen the greatest incidences of corruption, according to the latest survey by Transparency International (TI). CONTINUE READING

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Resources exploitation reveals Ghana’s growing pains Resources exploitation reveals Ghana’s growing pains(0)

Ghana’s economy has been on a tear over the past few years, posting growth of 9.4% in 2011, followed by 8.2% last year. CONTINUE READING

Upbeat Africa raises over USD10bn in oil M&A deals Upbeat Africa raises over USD10bn in oil M&A deals(0)

Africa has emerged as the world’s second hottest region for upstream oil and gas deals, clocking merger and acquisitions deals of more than USD 10 billion in the first half of the year. CONTINUE READING

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Oil dependency remains Chad’s weakness Oil dependency remains Chad’s weakness(0)

Chad’s economy beat analyst projections to grow 7.2% last year and is set to grow a further 7.4% this year, according to the African Development Bank (AfDB). CONTINUE READING

 

Africa yet to tap riches in its own backyard Africa yet to tap riches in its own backyard(0)

While the continent is enjoying an economic renaissance and expanding its trade network with other emerging markets across the seas, there is little intra-regional trade between neighboring states. CONTINUE READING

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S. African banks’ light shines, but others play catch-up S. African banks’ light shines, but others play catch-up(0)

South Africa’s Standard Bank group emerged as Africa’s largest bank, with Tier 1 capital of USD 10.9 billion – the only African bank to have crossed the USD 10 billion mark. CONTINUE READING

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Economic policy changes leave Zambia vulnerable Economic policy changes leave Zambia vulnerable(0)

It’s a heady feeling when the world’s most influential investment bank gives your country such a resounding thumbs up. CONTINUE READING

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Ivorian economy pins hope on privatization blueprint Ivorian economy pins hope on privatization blueprint(0)

Post-crisis expansion has begun in Ivory Coast, with the government hoping to establish its authority across the country. CONTINUE READING

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Angola debuts in LNG market with Brazil shipment Angola debuts in LNG market with Brazil shipment(0)

The first Angolan liquefied natural gas (LNG) shipment left the country’s shore on June 16 and is headed for Brazil, as the African nation has finally realized its dream of becoming an LNG exporter. CONTINUE READING

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Africa ready to give US a run for its shale money Africa ready to give US a run for its shale money(0)

Algeria has the third largest shale gas reserves in the world, according to the latest research from the Energy Information Administration, the US Department of Energy’s statistical arm. CONTINUE READING

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