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Sovereign states are less welcoming to visitors from countries with a higher political risk climate:
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When I meet young, educated Africans who’ve graduated from overseas universities I’m struck by their excitement for Africa. They have a vision for their countries of origin, and a passion to return to, and invest in, their homelands. This new enthusiasm, and desire for engagement, is a sign of incredible optimism and hope. There are many other signs of hope.
Africa is blessed with a young and growing population, abundant resources, and large tracts of arable land, but it has many challenges. The main challenge is to leverage Africa’s natural endowments to grow the economy in a way that improves efficiency and creates employment and growth opportunities for the poor.
South Africa was the most active market for PE investment on the continent in H1 2012 with South African targets attracting $547m over the period.
Among the most important private equity players are public companies, which often base their investment decisions on considerations other than pure profit
The Lagos Chamber of Commerce and Industry (LCCI), in conjunction with with other private sector participants, is helping to strengthen trading ties between the two West African nations of Ghana and Nigeria.
The results of an online Africa Geographic Travel Survey released last month show that tourists are squarely in favour of the south and east of the continent.
African women face major burdens. According to an ILO report sub-Saharan African has the world’s highest proportion (40%) of women who are just contributing family workers and are only supportive of the primary income earner.
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.
Nigerian banks have been advised to always guard against high cost-to-income ratios. The Partner, Management Consulting, KPMG, United Kingdom, Mr. Adrian Harkin, gave the advice in an interview with journalists on the sidelines of a seminar on cost optimisation that was recently organised by the professional services firm in Lagos,
South African is not the only country in Africa with a tangible National Development Plan. Côte d’Ivoire, ranked 167th by the World Bank, articulated its economic strategy in 2012. The country aims to become a significant player in the emerging markets by 2020. To this end, it has developed a strong-minded foreign policy, which has helped its position as a leading economic power in West Africa region.
Necessity: The Mother of Invention is a recent KPMG report featuring over 15 case studies from successful low-cost systems. Not only do the findings offer value to developing countries’ healthcare systems but many of the approaches explored could also be adapted by higher income countries struggling to manage rising costs of care.
With its 2011 Arab Spring involvement done and dusted, and the global recession lessening its grip on economies, Tunisia’s imports are once again on the rise. The economic forecast however is not for plain sailing; the country’s newly elected government faces immediate challenges in terms of stabilising the economy.
As African nations march towards more formal, regulated economies, private equity is determined to play more than just a walk-on part. But there is still much to learn about doing business in this diverse region.
Côte d’Ivoire is the largest and historically most diversified economy in the franc zone. Years of domestic conflict damaged the country’s economy and reputation, but the strong-minded foreign policy Côte d’Ivoire launched in late 2011 has helped it to quickly restore its rank as a leading economic power in West Africa.
A new round of funding for agribusinesses is up for grabs and Tanzanian businesses stand a chance of benefiting should they apply. The fund is known as Africa Enterprise Challenge Fund (AECF) of the agribusiness and rural financing funding window.
Africa’s most populous country and second-largest economy is desperately trying to shed the image of corruption that has so tainted its reputation in recent years. While unemployment and poverty remain a big challenge, such concerns muddy the picture of a nation with immense potential.
Zambia has some world-class attractions, most notably the remarkable Victoria Falls and the diverse wildlife. However, in spite of an encouraging upsurge in visitors in 2013 as a result of the city of Livingstone hosting the UN World Tourism Organisation (UNWTO) General Assembly, the country is overall underperforming on the tourism front, both in terms of regional standards and its own potential.