Tag Archives | African investment
The vastness of Africa’s potential has been evident for centuries. Blessed with ample resources, rapidly […]
Kenya’s financial services industry is currently one of the fastest growing not only in the East African region but the continent with the Nairobi Securities Exchange (a financial assets and securities market) being ranked fourth in Africa.
As the mature economies of Europe, America and Asia continue to struggle, the eyes of the world have started to focus onto the wealth of opportunity that can only be found in Africa. And rightfully so. Right across the great continent, we are witnessing rapid rates of urbanization and population growth which, in turn, is creating one of the fastest growing labour forces and consumer markets in the world.
Coal / Grindrod and Mozambique’s Maputo Port Development Company (MPDC) plan to invest $1.7bn over the next five years to upgrade ports in the country as demand grows, MPDC said on Friday. Capacity would be tripled at the Maputo and Matola ports to 50-million tons by 2020 from 15-million tons. Investment of $355m this year and next year had been approved to boost capacity at the Matola port terminal. The coal terminal will be handling 7.2-million tons by next year, from 6-million tons.
In this edition of Invest Africa, the panel discusses the rise of the African consumer.
The African consumer market is considered to be one of the next investment frontiers. The IMF had projected that 7 African economies will have growth rates of more than 8% in 2012 and that 10 of the top fastest growing economies in the world will come from Africa.