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Strengthening Access to Finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria

Corruption — the world’s third largest ‘industry’






The biggest issue facing business today is how to grow in a low growth economy. This is the challenge facing the G20 leaders when they meet in Brisbane later this week. Against that backdrop, corruption has a staggering impact on economic growth. At $3 trillion or around 5 percent of global GDP, if corruption were an industry, it would be the world’s third largest.

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Famous Brands, the owner of brands such as Debonairs and Steers, has ambitious expansion plans for oil-rich African countries such as Nigeria, Ghana and Angola.

Africa Brief: Famous Brands hatches ambitious Africa plans and more…











Famous Brands, the owner of brands such as Debonairs and Steers, has ambitious expansion plans for oil-rich African countries such as Nigeria, Ghana and Angola. The Economist Intelligence Unit predicts that by 2030, Africa’s top 18 cities could have a combined spending power of $1.3-trillion.

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Venture Capital and Private Equity Industry Performance Survey of South Africa covering the 2014 calendar year

Africa Brief: Stanlib keeps an eye on Africa after deal in Ghana and more…











Standard Bank-owned asset manager Stanlib has set up oper­ations in Ghana through the acqui­sition of the Stanbic Investment Management Services division. It is also pursuing an asset management acquisition in Nigeria, which it hopes to close in the first half of 2015.

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Africa Brief

Africa Brief: Local banks join power plant deal in Ghana and more…











South African banks and con­struction companies have been expanding activities in the rest of Africa, where energy is one of the fastest-growing sectors. The $900m of debt and equity project finance for the Kpone Independent Power Plant and associated infrastruc­ture in Ghana was closed by financiers and industrialists, including several South African banks.

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Africa Brief: Taste for pizza takes off in Africa and more...

Africa Brief: Taste for pizza takes off in Africa and more…











The return of Pizza Hut has a lot of potential to grow says analysts. It has just opened a store in honeydew and is planning on expanding to Boksburg, Midrand and Soweto. Many analysts say that by increasing the competition pizza companies won’t do as well anymore however they are all positive about growth says one analyst so they still will see returns.

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Africa Brief: Tourism in Zimbabwe battles on as arrivals stagnate and more...

Africa Brief: Tourism in Zimbabwe battles on as arrivals stagnate and more…











Zimbabwe’s efforts to revive the economy using proceeds from the tourism industry has failed as tourist arrivals stagnated in the first half of the year, with arrivals only increasing by 1 percent compared with the prior year. This growth was supported by the increase in arrivals from Europe, Germany and the UK.

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Western Union launched Nigeria’s first outbound remittance payment service, which is expected to boost business growth in the country.

Africa Brief: Western Union services Nigeria and more…











Western Union launched Nigeria’s first outbound remittance payment service, which is expected to boost business growth in the country.

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Africa Brief: African import levies dent vehicle exports and more...

Africa Brief: African import levies dent vehicle exports and more…











Exports of South African produced vehicles into Africa is declining due to import levies by some countries on the continent.

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Facebook and online shopping? But why not internet banking

Africa Brief: Nigeria-SA Chamber talk African trade and more…











A meeting of Nigeria-South Africa Chambers of Commerce to be hosted in Lagos will discuss Africa’s competitiveness and ways of boosting intra-African trade

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What’s new in Africa’s telecoms industry?

Africa Brief: Kenya transfers mobile technology to Europe and more…











Mobile technology which allows clients to send cash with their telephones, has transformed business In East Africa and is now spreading to Europe.

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Raw materials could unlock Zambian development

Africa Brief: Ghana, Nigeria in fund’s sights and more…











Delta International Property Holdings, the first JSE listed property fund offering investors direct access to high growth markets in Africa, is targeting properties in Ghana and Nigeria, with an acquisition pipeline of $200m having been identified.

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

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











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.

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Africa Brief: Ethiopian wine raises cheer for economy and more…

Africa Brief: Ethiopian wine raises cheer for economy and more…











French beverage giant Castel, which bottled its first batch of Ethiopian wine this year, is helping change the way outsiders view the country.

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Africa Brief

Africa Brief: Mwana Africa mulls restarting diamond mine, Farming output key to African progress and more…











Mwana Africa was studying the viability of restarting under­ground operations at the Klip-springer diamond mine in South Africa as it broadened its resource portfolio and expanded its gold and nickel operations in Zimbabwe, the company said yesterday.

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Africa Brief

Africa Brief: Fuel prices rise as subsidies cut, Mozambique tourism next big thing and more…











Cameroon has cut some of its costly fuel subsidies, a move that will please international donors calling for reforms, although similar moves have been reversed in the past due to the threat of protests against subsequent price rises.

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Africa Brief

Africa Brief: Global investors losing out on Africa, Harare will not rush to return to its currency and more…











Global investors are missing great opportunities by not considering Africa for investment, with opportunity costs of up to $1.5bn being faced by those not investing in emerging markets.

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Africa Brief

Africa Brief: Marriott targets new African markets, Bank lending rate lowered and more…











According to Marriott’s growth vision, the hotel chain is expecting a 4-6% increase in existing hotels and a 4-5% increase in new hotels.

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Africa's Youth

Africa Brief: African growth offers wide opportunity, network upgrades drive electronic test equipment and more…











The growing populations and economies of Africa allow South Africa to increase their returns faster if they supply products to Africa.

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Zambia set to surpass DRC in copper production

Africa Brief: Gabon: Talks to exploit iron ore begin, Tsogo Sun goes high end in Nigerian hotel market and more…











Gabon has opened talks to develop the 1 billion ton Belinga deposit and will launch a tender process in 2016. Belinga is one of the world’s largest untapped reserves. However mining there will not be easy as the deposit is separated from the coast by hundreds of kilometres of rainforest.

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Nigeria Banking Industry Customer Satisfaction Survey

Africa Brief: Tanzania reviews its mining contracts, Rwanda crafts laws that aim to expand financial sector and more…











Tanzania was reviewing mining contracts to ensure the government got a bigger share of revenue.

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Nigeria Petroleum Bill

Africa Brief: African airlines not realising potential, Bank Zambia goes live on bourse and more….











Middle East airlines are benefiting from the fact that African nations are not taking advantage of the increase in air travel demand.

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Africa's Youth

Africa Brief: Calgro sees growth in African markets & more…











Calgro M3 Holdings, the listed affordable housing company, anticipates further growth into the African markets after making its first venture beyond South Africa’s borders into Namibia with the Otjomuise project in Windhoek.

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African Tobacco Farmers Want Their Voices Heard

Africa Brief: $130m for cell towers in Africa and more…











IHS Holding, a telecommunications infrastructure company, buys and manages the cell towers of mobile network operators. The company said last week it had raised a further $130m which will be used to accelerate its plans for expansion into new and existing markets.

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Seven reasons to be optimistic about Africa

Africa Brief: Nigerian economy passes SA, Zim croc farmers focus on own meat market and more…











The Nigerian 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.

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Africa Brief: Barclays Africa looks at asset disposals and more...

Africa Brief: Barclays Africa looks at asset disposals and more…











Barclays Africa Group is looking to dispose of about R400m assets this year as part of its strategy to exit noncore activities and reduce risk to revenue. The retail and business banking unit is looking to dispose of investment properties while the head office has a number of assets classified as property within corporate real estate services that are classified as held for sale.

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Incredible growth of Kenya’s beer market

Africa Brief: Somalia Coast surveyed for oil and gas and more…











Offshore oil and gas surveys are taking place in hopes that this will attract new explorers such as Royal Dutch Shell. It plans to hold a licensing tender next year once Soma Oil and Ga

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http://www.blog.kpmgafrica.com/wp-content/uploads/2014/09/2014-CFO-Survey-Report.compressed-1.pdf

Africa Brief: NIGERIA Navy destroys illegal refineries, World Bank set to fund Congo dam and more…











The World Bank is likely to approve the funding of the expansion of the Inga hydro-electric dam in the Democratic Republic of Congo according to a bank official.

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Africa brief: Mustek explores partnerships with Huawei in Africa; rolling blackouts stall SA economy; and more …






Mustek explores partnerships with Huawei in Africa MUSTEK, which announced on Friday that it would […]

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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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Africa Brief

Africa Brief: Sanlam moves into Nigerian insurance market, Shell to drill for oil off coast of Namibia and more…











Zambia planned to spend $385 million (R4.2bn) to modernize the capital city’s main airport and turn Lusaka into a regional aviation hub, President Michael Sata said yesterday Sata said in a statement that the government would redesign Kenneth Kaunda International Airport to handle 4 million passengers a year.

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