The long- and short-term impact of Ebola on African healthcare

Africa Brief: EU, southern Africa ink trade partnership and more…

EU, southern Africa ink trade partnership

Negotiators for southern African states had agreed a new trade pact with the EU that would give the countries a bigger market for food exports, South Africa’s Trade and Industry Department said on Friday.

The economic partnership agreement, which has been in the pipeline for a decade, comes in time to beat an October 1 deadline which would have seen Botswana, Namibia and Swaziland lose preferential EU access for their beef, fish and sugar.

by Reuters published in The Star, Business Report on 21/07/2014

Click here to read more

Stock exchange of Mauritius: Exchange traded fund will track Top40

The Stock Exchange of Mauritius (SEM) plans to start an exchange-traded fund (ETF) that will replicate an index of the JSE’s 40 biggest companies. The bourse would begin the Erafi-40 ETF with Absa Bank by the end of next month, chief executive Sunil Benimadhu said in Port Louis on Friday.

The exchange is making rules for listing easier, including allowing multiple currencies, as it seeks to attract more companies and reach a market value equal to the size of the island’s economy.

by Bloomberg published in The Star, Business Report on 21/07/2014

Click here to read more

Ford drives plans for expansion in Africa

Ford has aggressive plans to expand its business in Africa and will be launching 25 new vehicles into the Middle East and Africa region by 2016, with 17 of these models launched into sub-Saharan Africa. Jim Benintende, the president of Ford Middle East and Africa (MEA), said yesterday Ford had launched earlier this year its fifth business unit, MEA, comprising 67 markets that represented “the final frontier for growth within the global auto­motive industry”.

Jeff Nemeth, the president and chief executive of the Ford Motor Company of Southern Africa, stressed that for Ford to ensure its sales growth in Africa, it was vital to provide an affordable product offering. Africa is one of the youngest mar­kets in the world and presents a huge business opportunity.

by Roy Cokayne published in The Star, Business Report on 18/07/2014

Click here to read more

DRC: Copper growth slows to a crawl

Growth in copper production in the Democratic Republic of Congo (DRC) would slow this year from its rapid pace last year due to insufficient energy supply and uncertainty over new mining laws, the country’s mining chamber said yesterday.

In a report on the first quarter of this year, the mining chamber predicted that copper output this year would inch up to 922 000 tons, for annual growth of just 0.82 percent compared with the 47 percent leap the year before. The mining sector helped drive economic growth of 8.5 percent in the DRC last year, which is forecast to improve further to 8.7 percent this year.

by Reuters published in The Star, Business Report on 18/07/2014

Click here to read more

Egypt: Reform plan requires $60bn

Western consultants helping Egypt compile an economic reform plan said it needed at least $60 billion (R642bn) of investment to reach average gross domestic product growth of 5 percent by 2018 and the same amount again to bolster its foreign reserves, senior officials said on Wednesday.

Finance Minister Hany Kadry Dimian disputed the idea that Egypt would need the amount cited by the three senior officials, but did not provide alternative figures

by Reuters published in The Star, Business Report on 18/07/2014

Click here to read more

Sierra Leone London Mining lifts iron output

London Mining had raised quarterly production at its iron ore mine in Sierra Leone after upgrading a processing plant, the AIM-listed company said yesterday, adding that it expected to find a strategic partner by year-end.

However, its shares fell as much as 3.5 percent after rising 6 percent in early trading. “Despite a good operational showing, the performance of the stock is likely to continue to be dictated by movements in the iron ore price,” Citigroup said.

by Reuters published in The Star, Business Report on 18/07/2014

Click here to read more

Zimbabwe telecoms sector falls

Zimbabwe’s telecommunications industry revenue fell 15%, while the country’s largest mobile operator, Econet Wireless Zimbabwe registered a 4.1% growth in subscribers in the first quarter, the Posts and Telecommunications Regulatory Authority of Zimbabwe said.

by Ray Ndlovu published in Business Day on 18/07/2014

Click here to read more

Bharti Airtel eyes Nigeria growth

TELECOM India’s largest mobile operator Bharti Airtel, Nigeria’s second-largest cellphone network behind MTN, yesterday said it was targeting an 18% rise in its Nigerian customer base this year.

Excerpt from Bharti Airtel eyes Nigeria growth, published in Business Day on 18/07/2014

SABMiller positions itself to net African market

As African consumers steadily move out of informal or illicit alcohol drinking habits to a more formalised category, companies like SAB­Miller are casting their nets deeper for a good catch of this market.

According to KPMG’s “Fast-moving con­sumer goods in Africa” report, beer compa­nies are among the largest listed companies on continental stock exchanges. In Nigeria, Nigerian Breweries and Guiness Niger have market capitalisation of about $6.7 bil­lion (R71.6bn) and $1.7bn, respectively.

SABMiller is not afraid to say that it is entering these markets to make money; that its target for Africa is one of double-digit dollar earnings growth. The company is eyeing Nigeria as its big market. The country boasts a popula­tion of close to 170 million people. SAB­Miller has recently invested in three brew­eries in Nigeria and says the business is starting to take shape in the country

by Banele Ginindza published in The Star, Business Report on 17/07/2014

Click here to read more

David Okwara

, , , , , , , , , , , , , , ,

No comments yet.

Leave a Reply

Twitter Linkedin Facebook YouTube RSS