Africa Archive
South Africa
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.
Read More
Africa
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.
Read More
Africa
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.
Read More
Africa
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,
Read More
South Africa
Stalemate at the world's largest platinum producer persists as South Africa's Association of Mineworkers and Construction Union (AMCU) rejected the latest offer by the world's three largest platinum
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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.
Read More
Africa
With 16 landlocked countries in Africa regional integration and greater cooperation is crucial to unlock economic growth in the continent.
Read More
Africa
TweetThere is hope that warring leaders can put aside tribal rivalry and help the country emerge as a new investment hotspot. CONTINUE READING Vít Hassan / Foter /
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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.
Read More
South Africa
South Africa has been a 'standout' performer in attracting renewable energy investment, according to a new report by the United Nations Environment Programme (UNEP).
Read More
Africa
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,
Read More
Africa
After a fairly tumultuous period for commodities, metal prices are steadily rising again, which could bode well for mergers and acquisitions activities in Africa.
Read More
Africa
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
Read More
Africa
Namibia's Walvis Bay could emerge as southern African states' gateway to Europe.
Read More
Africa
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.
Read More
Africa
The suspension of Nigeria's central bank chief has raised uncertainty for the economy as investors worry about its long-term impact.
Read More
Africa
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
Read More
Africa
Tanzania's push to accelerate its natural gas development has hit a speed bump as the process gets mired in legislative processes.
Read More
Africa
The global mining industry may have endured a terrible 18 months, but it continues to keep the faith in many African projects.
Read More
Africa
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
Read More
Africa
Development of natural resources in Kenya would help lift the country's economy further, but the regulatory environment remains "hostile" to foreign investment
Read More
Africa
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
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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,
Read More
Macroeconomic Data
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
Read More
Africa
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;
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
Less than 20% of Sub-Saharan Africa roads are paved, compared to a global average of nearly 65%.
Read More
Africa
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
Read More
Africa
The Goldman Sachs economist now believes MINT countries -- Mexico, Indonesia, Nigeria and Turkey -- might be the new engines of global growth.
Read More
Africa
More than 90% of African CEOs are very confident or somewhat confident of their companies' growth prospects over the next 12 months.
Read More
Africa
As Ghana's economy falters, the authorities are looking to find ways to stabilize the economy and focus on the country's hydrocarbons sector.
Read More
Africa
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.
Read More
Africa
Angola has seen the greatest increase in wealth creation in Africa since the start of the 21st century.
Read More
Africa
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.
Read More
Africa
Expect more private equity activity in Africa and the Middle East in the New Year, as the economic dynamo continues to attract investors.
Read More
Africa
Cameroon will continue its lackluster growth of around 5% at a time when other African states are galloping ahead.
Read More
Africa
A subliminal moment in Mozambique's history in 1997 turned the country's economy on its head.
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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,
Read More
Africa
After flying high for a number of years, growth appears to be cooling in the West African state of Ghana.
Read More
Africa
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
Read More
Africa
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
Read More
Africa
Nigerian banks are facing higher costs as a set of new rules impact their bottom lines.
Read More
Africa
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).
Read More
Africa
Growth in Zambia is slowing as the country's high wages and lower commodity exports to China take their toll on the economy.
Read More
Africa
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).
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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
Read More
Africa
Island states emerged as Africa's leading lights in terms of governance and rule of law.
Read More
Africa
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.
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
Companies are buying stakes in the country's natural gas sector after the government relaxed its exploration policy.
Read More
Africa
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
Read More
Africa
Sub-Saharan Africa has roughly 400,000 hotel rooms, but only a mere 10% meet international standards.
Read More
Africa
Kenya has made international headlines for all the wrong reasons lately.
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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
Read More
Africa
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,
Read More
Africa
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,
Read More
Africa
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
Read More
Africa
Mauritius, South Africa and Rwanda have emerged as Africa's three most competitive economies, according to a new report.
Read More
Africa
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.
Read More
Africa
Despite its enormous natural riches and cultivable land, too many Africans go to bed hungry.
Read More
Africa
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
Read More
Africa
Mining companies across the world are in retreat, which is set to adversely impact the South African economy.
Read More
Africa
Nigeria's oil thieves are pilfering the profits of some of the world's largest oil companies.
Read More
Africa
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.
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
African countries have seen the greatest incidences of corruption, according to the latest survey by Transparency International (TI).
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
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).
Read More
Africa
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.
Read More
Africa
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
Read More
Africa
It's a heady feeling when the world's most influential investment bank gives your country such a resounding thumbs up.
Read More
Africa
Post-crisis expansion has begun in Ivory Coast, with the government hoping to establish its authority across the country.
Read More
Africa
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
Read More
Africa
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.
Read More
