Tag Archives | BRICS

Africa: A prime mining investment for China






Africa is a resource-rich economy as is reflected in its trade relationship with China, a region which is not as rich in natural resources. With almost 80% of Africa’s exports to China coming from just 4 natural resource commodities, a large portion of the continent’s GDP growth has been driven by demand from Chinese investors.

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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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Africa Brief: Diamond sales lift state funds, Egypt shares plummet as trade starts and more…











Sierra Leone exported $102 million (R1bn) worth of diamonds in the first half of 2013, up from $71m in the same period from 2012. The government collected $5.1m in taxes in line with the 5 percent export levy.

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Africa is on the road to meaningful economic growth











In May 2013, South Africa played host to the 23rd World Economic Forum on Africa (WEF Africa). The theme of the conference was “Delivering on Africa’s Promise”. The conference saw key players and investors from all over the world convene to discuss a sustainable path of growth and development for the continent. The summit sought to address three key themes, Accelerating Economic Diversification, Boosting Strategic Infrastructure and Unlocking Africa’s Talent.

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Transport dynamics in Sub-Saharan Africa











As supply chains are becoming more global and complex, logistics, especially the transport functions are equally becoming convoluted. In developing countries logistics is one of the biggest contributors to a nation’s GDP (in South Africa – 12.7%). Accordingly its management is vital for a growing economy.

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WEF Abuja will highlight that sustainable investment is key to Africa’s economic ascendancy

The rubber must hit the road for Africa’s infrastructure











There are reams of impressive studies that quantify Africa’s infrastructure needs, and the Program for Infrastructure Development in Africa (PIDA) highlights 50 priority projects for the region, many of which enjoy strong political backing …

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Africa’s 7 Megacities: The Catalysts











It is projected that by 2016, over 500 million Africans will live in urban centres, and the number of cities with more than 1 million people is expected to reach 65, compared to 52 in 2011. This is already on par with Europe and higher than India and North America. With 40 percent of its population living in cities, Africa is more urbanized than India (30 percent) and nearly as urbanized as China (45 percent).

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Africa Brief: Nedbank enters Mozambique market, Nigeria-SA relationship and more











Nedbank Group, which announ­ced on Friday it was entering the Mozambican market, remains on target for a solid financial perfor­mance this year. Nedbank, Old Mutual Group’s bank subsidiary, is entering Mozam­bique by acquiring an initial 36.4% stake in Banco Unico for $24.4m. Nedbank plans to take a majority stake later. South African banks are targeting expansion opportunities elsewhere on the continent in line with strategies to tap faster-growing developing countries.

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Job Creation in BRICS and Africa











By virtue of their combined size, BRICS nations represent 45 percent of the world’s workforce. But of this workforce a large number are unemployed or unemployable. For BRICS countries, as for Africa, the challenge is how to find ways to develop the skills of the workforce so that is more efficient and productive, to educate and train the unemployed so that they become employable, and – most importantly – to create meaningful jobs for them to fill.

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BRICS and South Africa











Being the economic hub of the continent, benefits to South Africa will have spill-over benefits for the rest of Africa. According to BRIC architect Jim O’Neill (who was originally sceptical about South Africa’s inclusion in the grouping), South Africa has an important role to play, both as a gateway to the continent and as a catalyst for African integration.

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WEF and BRICS Connection – Unlocking Opportunities for Trade and Investment











Since BRICS’ inception, enormous opportunities have arisen for trade and investment within and through its member countries. China is currently South Africa’s biggest single-nation export market and South Africa is China’s biggest trade partner in Africa. India-South Africa bilateral trade is expected to reach US$15-billion by 2015, up from $11-billion in 2011.

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Building Africa with BRICS











Representing the world’s fastest-growing emerging markets, the Brazil-Russia-India-China grouping added South Africa to its ranks in 2011. Together the BRICS countries account for 42% of the world’s population …

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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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Africa Brief: Nigerian oil refinery, Pfizer baby formula, and Kenyan data centre











Africa’s richest man, Aliko Dangote, planned to invest up to $8 billion (R73bn) to build a Nigerian oil refinery with a capacity of about 400,000 barrels a day by late 2016, almost doubling Nigeria’s refining capacity …

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Africa Brief: Toyota management shake-up, Egypt IMF loan, political risks in Africa, and more











A global management shake-up at Toyota Motor has hit African shores, with local Toyota chief Johan van Zyl called in to head the new position of CEO of Toyota’s operations across Africa. Toyota has been restructured into two main businesses. There is Toyota Number One, which is the developed markets (the US, Europe and Japan), and Toyota Number Two, which are the developing markets. Dr van Zyl will take control of product planning, production and sales on the continent.

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Farming tool

The BRICS Corridor: Agriculture and Agro-Processing











The focus of BRICS nations on agriculture and food security has a long history and from the very first BRIC summit in 2009, these countries have made pronouncements on their plans to enhance the agricultural sector. Separate meetings have taken place between BRICS leaders and Ministers in the Agricultural and Agrarian Development portfolios over the years…

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invest in africa

KPMG talks investment into Africa ahead of BRICS Summit 2013











KPMG recently hosted a roundtable discussion, lead by its Global Chairman, Michael Andrew, ahead of the Fifth BRICS Summit taking place in Durban this week. This Summit is expected to include a substantial focus on Africa – looking at how the BRICS high growth markets are converging in Africa through investments and partnerships, aiming to leverage the continent’s vast natural resource and mineral reserves for their own continued development.

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