Incredible growth of Kenya’s beer market

Africa Brief: Kenya ICC trial, Burundi’s inflation, Botswana’s polls, offshore investment and more

Kenyatta seeks delay in ICC trial ahead of poll

KENYAN presidential candidate Uhuru Kenyatta has asked for his trial on crimes against humanity charges be delayed to allow time to prepare his defence given prosecutors’ late disclosure of evidence, his lawyers said yesterday.

Mr Kenyatta, a former finance minister, is accused at the International Criminal Court (ICC) of orchestrating bloody clashes in which 1,200 people died and thousands were uprooted from their homes after disputed elections in December 2007.

For the full story, read Kenyatta seeks delay in ICC trail ahead of poll by Thomas Escritt, published in Business Day on 15/02/13.

Burundi’s inflation falls to 7.6%

BUJUMBURA Burundi’s year-on-year inflation rate fell to 7.6% last month from 11.8% in December, helped by more moderate rises in housing, water and energy costs, the country’s statistics board said yesterday.

For the full story, read Burundi’s inflation falls to 7.6% by Reuters, published in Business Day on 15/02/13

Khama calls for early poll monitors

President Ian Khama of Botswana said in an interview in Gaborone on Wednesday that he hoped elections due in July in neighbouring Zimbabwe would be peaceful and fair but he clearly was not ready to bet on the likelihood.

“All I can say right now is that I hope there will be a credible election…. The reason I say ‘hope’ is because all the people who were involved in the brutality and intimidation that took place back then are still there today,” he told Business Day.

Zimbabwe will vote on a new constitution on March 16 and hold crunch elections in July, Prime Minister Morgan Tsvangirai said on Wednesday, setting a timetable that will decide the fate of Mr Mugabe.

For the full story, read Khama calls for early poll monitors by Nicholas Kotch, published in Business Day on 15/02/13

Offshore investment: Africa’s competitive valuations attract investors

Valuations in Africa are competitive compared with South Africa and internationally, so now is a good time for investors who have the capacity and the inclination to invest in African equities says Prescient Investment Management.

Jean-Pierre du Plessis, fixed interest strategist at Prescient Investment Management, says: “Where markets are concerned, international investors pulled out of African listed equity during and post the 2008 market crash.

“South Africa has rebounded since then, making new highs, but other African markets are still below their previous peaks.

Despite Africa’s potential as a source of growth and returns, South Africans have previously been reluctant to extend their investment universe. The tide appears to be turning, albeit slowly.

For the full story, read Offshore Investment: Africa’s competitive valuations attract investors by Eamonn Ryan, published in The Star, Business Report on 15/02/13.

 

 

David Okwara

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