Consumer demand will drive the next wave of African PE investments

Though Africa has been described as the last frontier market for natural and mineral resources, market trends indicate that it is in fact meeting current needs of the 1 billion plus population and, the future demands of the rapidly emerging middle class consumers, that will drive the next wave of Private Equity investment on the […]

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Facebook and online shopping? But why not internet banking

The Banking Sector as an Enabler of the Economic Growth in Angola

Given the challenges faced by the Angolan economy, it’s important that banks move to adapt their capacity to address the needs of infrastructure development and diversity projects, setting their position as levers for economic growth and being available to participate in banking syndicates or other means of raising capital for those projects. The sector faces […]

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Global economic instability: Leading students look further than pay and benefits

In a KPMG survey of over 300 business students from leading universities and business schools in 27 different countries, conducted in conjunction with the KPMG International Case Competition (KICC), 89 percent of students said they were prepared to move countries regularly for the right job, demonstrating that today’s business students are coming into the workforce […]

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Foreign Direct Investment in Africa

The rest of the world is taking note of the fact that African countries are trying to improve their business environment as a strategy to attract more Foreign Direct Investment (FDI). One of the key investment drivers is the increasing prevalence of peace, democratic elections and improved governance. The World Bank ‘Doing Business In’ Survey […]

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Africa Brief: Business News from around the continent

MTN Group may buy Nigeria’s Visafone ACQUISITION MTN Group has started the process of buying closely-held Visafone Communications of Nigeria as it seeks to expand in its largest market, according to two people familiar with the matter. Lagos-based Visafone is a wireless network provider founded in 2007 by Jim Ovia, a Nigerian businessman who also […]

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Rwandan Bond and stocks

Illiquidity greatest obstacle for African exchanges

Robbie Cheadle, Associate Director, Deal Advisory and Capital Markets speaks to The New Economy on how governments can motivate investors to list locally rather than engage heavily in mergers and acquisitions. She highlights points raised in a recent KPMG report she co-authored.   Listing in Africa: Advantages and Disadvantages of an equity listing

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US-Africa Leaders Summit promises good things

Nigeria Fiscal Guide

Investment rules Investment in Nigeria is regulated by the Nigeria Investment Promotion Commission Act 1995. Few restrictions are placed on investors. Foreigners are able to invest and participate in any enterprise in Nigeria, except for those on the following ‘negative list’ (local investors are also precluded): Production of arms and ammunition; Production and dealing in […]

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Focusing on Africa-China Trade and Investment

For a number of years, China has been influencing the economic development in Africa. The continent is an important recipient of investment from the Middle Kingdom, as countries such as Angola, Ghana, Nigeria and Zambia have signed strategic economic partnership programmes with China. South-to-south trade is becoming increasingly imperative, especially since Western economies are struggling […]

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IAEA launches CONNECT website to promote safe and secure nuclear use

Can cloud computing take off in Africa?

When it comes to information technology in Africa, analysts will tell you, this continent has an amazing ability to leapfrog. Forget old-school landlines and desktop computers. Many in sub-Saharan Africa have skipped directly to mobile devices. And while Africa, like other emerging markets, has been slow to embrace cloud computing, it is starting to take […]

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Being the best: Inside the intelligent finance function

Insights from our African CFO survey As the leaders of today’s finance functions continue to work hard to boost their relevance and value add to the business, they are shifting their focus outward to those financial management activities that contribute the most to better business decisions that improve the bottom line. Their biggest challenges lie […]

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Africa Brief: Business News from around the continent

Automotive Manufacturing Plants prepare to expand in Africa While the South African automotive market looks like it’s in trouble due to high labour costs and a volatile energy sector, to the north of the continent things look better. In Nigeria, almost a dozen new manufacturing plants prepare to launch by the end of the year, […]

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Power [electricity] in Africa: current state of Africa’s Power sector

Africa’s largest economies produce significantly more energy than other African peers. Also, the oil-producing nations record substantial energy surpluses, but similar to other African countries with energy surpluses, a substantial amount of energy is exported without domestic demand being widely satisfied. Rising fuel and electricity prices also continue to impact Africa’s manufacturing sector adversely. In […]

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