Tag Archives | African countries

Growing Entrepreneurship in Africa

Growing Entrepreneurship in Africa






In Africa, unemployment – and underemployment, for that matter – is notoriously high, particularly amongst the youth, which makes up 60% of the continent’s population and nearly half of the total labour force.

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FDI favouring consumer-facing industry

Africa Brief: Standard Bank expands in Africa, IMF urges Sudan to set aside more for the needy and more











Standard Bank opened a representative office in Cote d’lvoire yesterday, taking its footprint to 19 African countries. The representative office, based in Abidjan, “signifies a deliberate drive by Standard Bank into the West Francophone Africa region”, it said.

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Africa Brief

Africa Brief: Local food firms eye expansion in rest of Africa, Zimbabwe to start joint ENRC mine and more…











Nigerian President Goodluck Jonathan’s political troubles are increasing pressure on the central bank of Africa’s second-largest economy to devalue its currency, risking higher prices on all goods from food to oil.

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Private equity in Sub-Saharan Africa

Africa Brief: Nigerian bourse targets 500 IPOs, Sage Africa Expands with office in Nigeria and more …











An Investment announced by the Renault-Nissan alliance and west African conglomerate Stallion Group to jointly launch vehicle assembly in Nigeria is not something the South African government fears but welcomes, according to Trade and Industry Minister Rob Davies.

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Africa Brief

Africa Brief: Africa must join hands in fighting red tape, Nigeria hands power to private buyers and more…











If African countries do not work together to resolve impediments such as bureaucratic red tape and lack of infrastructure, growth will continue to be constrained, Shoprite Holding’s chairman Christo Wiese said. The search for higher yield has consumer-facing players turning their attention to Africa as the next hot ticket.

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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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#LWOL: A discussion with Yunus Suleman on the impact of Africa’s Education system on our society and corporate environment

Africa Brief: Ghana plans oceanic terminal for imported LNG, Prosecutors Face big test as Ruto appears before ICC and more











In this Africa Brief: Ghana plans to build a floating liquefied natural gas (LNG) terminal off its Atlantic Ocean coast to receive imported gas that would be used to produce up to 1.500MW of electricity by 2016, a senior energy official said in Nairobi yesterday. Kenya’s deputy president appeared before the International Criminal Court (ICC) yesterday charged with co-orchestrating a post-election bloodbath five years ago, a case that will test the sta­bility of a country seen as vital to security in East Africa. Grindrod is already consid­ering a third phase expansion of its car terminal at Maputo port in Mozambique, which is a growing competitor to Trans-net’s car facility in Durban… and more.

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How can Africa’s universities help urban planners?

Overcoming corruption is key to Kenya’s progress











One of the key challenges facing the country’s development and progress is corruption. According to the Transparency International 2013 Global Corruption Barometer, Kenya is perceived as the 4th most corrupt nation globally.

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Africa Brief

How To Get Private Equity Exits in Africa Right











Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times. New records are being set both at the levels of fund raising and sector diversity of investments. Africa is becoming increasingly investor-friendly!

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The Future of Our Cities

Ghana: The gateway to West Africa











Ghana continues to experience impressive and sustained growth across a number of sectors, and for this reason the country appears on our list of key economies in Africa. It is important to note that the country registered one of the highest economic growth rates in the world in 2011.

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Morocco’s solar power story is just beginning

Africa Brief: Zambia considers external auctions of emeralds, Nigeria pipeline repairs and more…











Zambia, the third-biggest emerald producer, will decide this week if it will allow stones mined in the country to be auctioned abroad, said Mines, Energy and Water Development Minister Christopher Yaluma. The government would base its decision on the success of an auction under way in the capital, Lusaka, by Gemfields’s local unit, he said in an interview yesterday at the sale.

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Mozambique (122)

Mozambique: Massive potential in natural gas











Mozambique is viewed to be one of the African countries that will be most able to boost its share of foreign direct investment inflows to the continent over the medium-to long-term. Apart from the large-scale expansion of coal production, natural gas exploration activities and plans to build LNG plants have helped to boost foreign investment.

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Focus areas for Africa’s green agenda











In recent times, the term going ‘green’ has gained notable traction in both the political and business world. Increasingly, we are called to realize the impact that our social and economic activities have on the environment around us, and in turn, the long-term implications that this impact has. In this article, we take a look at the key focus areas for Africa’s green agenda.

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Business in Africa – Does it require expanision over moral boundaries?











“Is it possible to do business in Africa without having to cross moral boundaries?” This question is encouraging as an indication that moral considerations increasingly form part of strategic business decisions. The concern with ethical business is no doubt inspired by stringent and more diligently enforced legislation on corruption. The unfortunate consequences of corporate participation in corruption has been evident in the case of Siemens, for instance, who agreed to pay $1.34 billion in fines for bribery in December of 2008.

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Africa Brief: SA warned on BEE, Nigeria looks to SA, Africa’s middle class and more











Nigerian billionaire businessman Aliko Dangote has sharply criticised SA’s black eco­nomic empowerment (BEE) laws, calling them an obstacle to invest­ment from other African states and a brake on intracontinental trade. Mr. Dangote said SA’s BEE laws and policies would have to be reviewed in order to attract more investment from Africa to SA and to encourage all Africans to participate in SA’s economy. Mr. Dangote is listed as number 43 on the Forbes Richest List and is considered to be the richest man in Africa by Forbes Magazine.

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Africa’s challenges and promise











The World Bank’s Vice President, Makhtar Diop, has called for faster progress in areas such as electricity and food in the vulnerable areas of The Sahel and the Horn of Africa, and says that significantly more energy and agricultural productivity are needed to raise the quality of life …

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The issues shaping Africa’s economic prospects











Continuing from Africa economic prospects: Where to from here, we explore the insights of the IMF’s World Economic Outlook 2013 and the World Bank’s analysis of the issues shaping Africa’s economic prospects …

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African economic prospects: Where to from here?











The IMF’s World Economic Outlook 2013 and the World Bank’s latest “Africa’s Pulse” (a twice-yearly analysis of the issues shaping Africa’s economic prospects) provide the following insights on African economic performance and the outlook for 2014 …

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KPMG Barometer reports continuous decrease of fraud risk











According to the Fraud Risk Barometer, the occurrence of reported fraud has decreased from 503 in the first half of 2012 to 348 cases in the second half of 2012. It is the third consecutive period where a decrease in reported fraud and corruption …

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Africa: reducing trade barriers and growing the economy











One challenge is the lack of a coherent regional approach to managing and harnessing partnership agreements and reducing inter-Africa trade barriers, which could improve the competitiveness of the countries within Africa and drive foreign direct investment …

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Africa as an investment destination











The attractiveness of Africa as an investment destination has been positively impacted by a number of developments in the regulatory environment in African countries …

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Healthcare systems in Africa











This is a summary of the African countries which, in our opinion, are notable for some aspect of their healthcare systems, whether it be rapid uptake of health insurance, high levels of total expenditure or innovative governance in the public sector…

Botswana: A relatively wealthy country, Botswana is one of the four countries in Africa which complied with the Abuja commitment in 2010 by spending more than 15% of its budget on health. Botswana is also notable for the health profile of its private healthcare spending: only 30% of private health expenditure was out-of-pocket, which is good news for health outcomes although the high HIV prevalence rate still holds life expectancy down.

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Taxes and royalties create further changes

Taxes and royalties create further challenges for mining in Africa











According to mining in Africa director, Ian Kramer, there will be significant opportunities and projects coming on stream in the African mining industry regardless of the decrease in demand experienced by various markets.

“Massive growth will be experienced in the next six months to a year and beyond – for example, investments in the coalfields in Mozambique, as well as the iron-ore market and existing and new investments in Guinea, but these may take longer than a year to come to fruition.”

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