Search results for "angola"

Internet of Things

The future of the branch in the digital era: An Angolan perspective

Will digital banking make the traditional bank branch obsolete? Probably not. But it is already […]

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With less than ten years to go before another billion people arrive, there is little time to waste.

2015 Construction Report on Africa: A focus on Angola

Angola currently has the sixth-largest stock of infrastructure on the continent after recording Africa’s fastest […]

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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 […]

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Discussion with Jason Kazilimani on investment prospects in Zambia

Africa Brief: New Swazi airport stands idle as citizens count cost; Standard Bank new rules put Angolan unit in black; and more…

SWAZI King Mswati III seems oblivious to descriptions of his new R3 billion airport as a “vanity project”. Opening the facility this week, he named the airport after himself.

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Kigali climbing the ranks of Africa’s most liveable cities

E-commerce trends in Angola

E-commerce is fundamentally tied to the development and expansion of internet-based technologies. As such, e-commerce market size in a given country, is dictated by the depth of penetration and widespread access to the internet in that country. Unsurprisingly, e-commerce is substantially bigger in developed countries.

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Kigali climbing the ranks of Africa’s most liveable cities

Africa Brief: Angola first daughter to enter grocery retail, Clover to milk opportunities in the rest of Africa and more …

Portugal’s biggest retailer Sonae plans to open five food hypermarkets in Angola, in partnership with Isabel dos Santos, the daughter of the country’s president, with the first scheduled for 2015, a company board member said last Thursday.

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Mali’s gold mines

Africa Brief: Fewer dollars as Angolan oil firms pay some suppliers in kwanzas, Food retailers’ premium drops to three-year low and more…

A foreign exchange law in Angola has halved the value of dollars auctioned by the central bank since June as the country considers letting its currency trade on international markets.

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Africa Brief

The Angolan consumer story

The rise of the Angolan economy, over the past 10 years, has been nothing short of spectacular. From an economy plagued by hyperinflation and suffering from the consequences of decades of civil war in the early 2000s; today, the southern African economy is one of the fastest growing in the world and continues to attract billions of dollars in foreign investment.

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Oil in Angola

The hydrocarbon sector remains Angola’s main engine of economic growth, accounting for more than 96 percent 
of exports, 80 percent of government revenue, and in excess of 60 percent of GDP. Accordingly, any volatility in oil production and global oil prices tends to have a direct influence on the performance of the economy.

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Managing portfolio companies most effectively

Africa Brief: Angola stock exchange, Dangote’s planned investment, Egypt’s borrowing costs and more

Angola has delayed plans for the start of stock-exchange trading by a year to 2016, with a futures and commodities market in Africa’s second-biggest oil pro­ducer set to open a year later. Angola expects its stock exchange to have a market value of 10% of gross domestic product within 18 months of its startup, he said. Angola’s largest banks, which include Banco Angolano de Investimentos and Banco de Poupanca e Credito, as well as cellphone companies Unitel and Movicel Telecomunicacoes, are expected to list on the exchange.

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Spotlight on Angola

KPMG Angola works with some of the most prominent companies, both private and public, in every relevant economic sector, providing auditing, tax, accounting, business advisory, financial advisory and IT advisory services. KPMG Angola’s main assets are its people, in-depth experience and reputation and the firm is committed in contributing to Angola’s economic and social development, through its services, its focus on people and development of knowledge, and commitment to the communities.

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Africa Brief: Border dispute, South Africa and Nigeria, Mozambique’s transport, Angola and more

The West African nations of Burkina Faso and Niger expressed satisfaction yesterday after the International Court of Justice set-tied a border dispute that dated back to French colonial times. In a highly technical ruling, the International Court of Justice in The Hague demarcated the territory of the two countries in an area that stretched for about 380km, more than half the length of their border.

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Africa Brief: ‘Barcsa’ focus, Grinrod, Maputo, Angola stock exchange and more

Coal / Grindrod and Mozambique’s Maputo Port Development Company (MPDC) plan to invest $1.7bn over the next five years to upgrade ports in the country as demand grows, MPDC said on Friday. Capacity would be tripled at the Maputo and Matola ports to 50-million tons by 2020 from 15-million tons. Investment of $355m this year and next year had been approved to boost capacity at the Matola port terminal. The coal terminal will be handling 7.2-million tons by next year, from 6-million tons.

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Africa Brief: Angola: investment in its minerals, $1bn Eurobond issue, Nigeria, South Sudan and more

Angola, the world’s fifth-largest diamond producer, had cut mine taxes and would spend billions of dollars to attract in­vestment into mineral deposits. The new law is very clear with lots of security for in­vestors, which gives them cer­tainty, transparency and guar­anteed mining rights. Angola wanted to diversify its earnings away from the crude oil and diamonds that made up almost all its. Companies with ties to Israel’s LR Group had projects to mine Angola’s estimated 400 million tons of phosphorus and make fertiliser. Australian-listed Minbos Resources had an equal share of the Cabinda Phosphate Project with Petril Projects, a subsidiary of LR Group, and planned to start production in 2015.

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Africa Brief: Angola’s Eurobonds, Bourse to lift trade limits and expansion in Africa

Angola, which is Africa’s second-largest oil producer after Nigeria, plans to raise $lbn through a Eurobond issue this year. Angola’s economy expanded 7.4% last year, thanks to a recovery in oil output after technical problems, and the government forecasts growth of 7.1% this year. Other African countries are also seizing the opportunity. Kenya plans to sell a debut $lbn Eurobond in September, Nigeria is planning its second issuance and Ghana is mulling refinanc­ing one and issuing another.

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Africa Brief: South Africa, investment destination, Africa Barrick Gold, Angola’s interest rate and more

SA remains the most attractive country in Africa in which to do business despite serious knocks to investor confidence during the past few months, two separate surveys showed yesterday.

SA moved up a notch to rank 14th out of 27 countries in a global emerging markets opportunity index, and remains the highest rated economy on the African continent, according to research compiled by business services company Grant Thornton.

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Africa Urged to Follow Kenya’s Example

Africa Brief: Kenya fuel pipeline, Mozambique infrastructure, Angola oil exports, and more

Kenya plans to construct a new $300 million (R2.6 billion) fuel pipeline from the port of Mombasa to Nairobi, to replace an older one, and possibly extend it to Uganda. Kenya Pipeline Company said that it was inviting proposals for the design of the 450km pipeline from east Africa’s trade gateway to feed land-locked growing economies, which rely on Mombasa for fuel imports. “The new pipeline is designed to meet petroleum products demand for the region up to the year 2044,” the company said.

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Can the African lions meet expectations?

As in most parts of the world, football is the most popular sport across the […]

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South Sudan records Africa’s sixth hyperinflation episode

Newswire Bloomberg warned some 12 months ago that a dramatic devaluation of the South Sudanese […]

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Finding highlights in Sub-Saharan Africa’s growth slump

The World Bank published its latest ‘Africa Pulse’ report on September 29. In it the […]

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What’s new in Africa’s telecoms industry?

Communication Service Tax: A Tax Burden Nigeria Could Do Without (Part 2)

Why the CST is a bad idea At first glance, the introduction of this tax […]

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LNG industry venturing into new territory

The Cut on Oil Price and the Need for a New Tax Reform

Angola currently faces a challenging economic environment after a notable period of development, namely due […]

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Evolving Banking Regulation: Sub-Saharan Africa

Regulatory Pressure Index In a world struggling for growth, Africa stands out as the rate […]

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Barclays’s pullback highlights some challenges in the “Africa Rising” story

By Christie Viljoen The announcement by Barclays Plc that it will sell down its stake […]

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Time to Invest (1): Focus on Nigeria

In 2Q2014, Nigeria emerged as Africa’s largest economy with an estimated GDP of $479 billion, […]

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Africa, your engine of growth

What does the 4th Industrial revolution mean for African businesses? Technology is core to the […]

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African Tobacco Farmers Want Their Voices Heard

What are the current and future roles of natural resources in attracting FDI inflows to Africa?

Many of the large gains in FDI inflows to Africa during the five year period […]

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car fueling

Africa in a Low Oil Price World

International oil prices have plummeted by almost 50% since its peak of around US$115/bbl in […]

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Africa’s One Billion+ Population will Mobilise Transformation of Telecoms Sector

And we expect that digital solutions will begin to have a notable impact on mobile […]

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Africa’s White Goods Export

Africa is currently home to one billion people, presenting a massive potential consumer market. Furthermore, […]

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