IHS Holding, a telecommunica¬tions infrastructure company, buys and manages the cell ¬phone towers of mobile network operators. The company said last week it had raised a further $130m which will be used to accel¬erate its plans for expansion into new and existing markets.
Nigeria has so far managed to avoid going the same way as the “fragile five”, namely India, Indonesia, Brazil, Turkey, and South Africa, when it comes to being a prosperous emerging market.
Nigeria’s economic growth rate remains impressively high as it surpasses South Africa as the largest economy on the continent. However, sustaining that growth rate is a major challenge for the Nigerian government, which is increasingly faced with the consequences of long periods of uneven economic development.
Rwanda’s economy is expected to perform better this year compared to 2013. According to government, IMF and World Bank projections, the local economy is going to grow by between 7.2% and 7.5%. However, are projections feasible considering that last year the economy grew lower than expected?
The Africa Finance Corporation (AFC) held its inaugural Investment Summit in Lagos, Nigeria on the 25th March 2014. The theme of the summit was ‘Bridging the Infrastructure Investment Divide,’ the summit attracted more than 500 business leaders from across the continent, and featured several significant actors in the infrastructure development sector.
Africa retail sector on the verge of sky-rocketing with big international brands landing on our shores. Large international retailers eager to get a footprint on the African continent are using South Africa as their vantage point, while they assess their next expansion point into the growing economies of Africa.
With daily blackouts and crumbling power infrastructure that has until recently seen little or no investment in over three decades, Nigeria has been christened the Generator Republic. Most households and virtually all serious businesses have resorted to self – help, investing heavily in generators and other back-up power systems to meet their daily electricity needs.
Royal Philips has announced the establishment of the Africa Innovation Hub, which is to be based in Nairobi, Kenya. The Philips Africa Innovation Hub will work both on the creation of new inventions, as well as bringing these inventions to the market.
Nigeria’s economy surpassed South Africa’s as the largest on the continent after its gross domestic product (GDP) data were overhauled for the first time in two decades. The size of the economy was estimated at 80.3 trillion naira (R5.1 trillion) for 2013, based on production patterns in 2010, increasing the number of industries
According to the 8 April 2014 IMF World Economic Outlook (WEO) Press Briefing in Washington DC, Africa’s growth trend will continue strongly, but, warns Olivier Blanchard, IMF Economic Counselor and Director of Research Department, the continent’s economic and business environment will be “more bumpy looking forward”.
Family businesses present a range of benefits in terms of the potential for a close-knit team, and readily available, if sometimes limited, financial support. While family businesses tend to imply a smaller business, family-run companies can turn into significant economic powerhouses, and launch dynasties.
Africa is a large and diver continent which offers a lot of opportunity and avenues for FDI. With mineral wealth, strong demographics, increasing middle/consumer class and improving political and regulatory environments, we expect Africa to continue to attract the interest of international investors.
- Africa Brief: $130m for cell towers in Africa, Mozambique economy set to grow faster and more… April 25, 2014
- Will Nigeria be a major top player in the Emerging Markets? April 24, 2014
- Jumpstarting Nigeria’s agricultural sector growth April 23, 2014
- Mobile banking series: An overview of why mobile banking remains important for financial inclusion in Africa April 22, 2013
- South Africa Mauritius DTA – Key features of the new treaty June 3, 2013
- It’s Africa’s turn for investment, but where in Africa is best? October 14, 2013
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