Tag Archives | government
Automotive Manufacturing Plants prepare to expand in Africa While the South African automotive market looks […]
During the economic downturn, companies competed for market share and volume, which meant frequent price […]
Africa’s economic growth and performance has improved greatly since the turn of the century, leading […]
Inflation – According to the Ghana Statistical Service (GSS), inflation remained stable in December, effectively […]
Joint move on Adcock underlines shift at PIC THE Public Investment Corporation (PIC) and Bidvest […]
By Elvis Ongeti Different countries have different currencies. There exists a need to purchase goods […]
Global Chairman, John Veihmeyer, speaks to CNN’s Marketplace Africa about the firm’s expanding presence in […]
The recent lack of growth in the developed markets coupled with perceived improvements in political […]
A well-worn argument postulates that infrastructure spending in Africa is focussed on resources due to […]
The adoption of mobile money is driven by multiple factors ranging from banking regulations, establishment of a new sales channel in comparison to traditional distribution channel and readiness of consumers to use handheld devices beyond traditional voice and SMS services. After a slow start in the rest of Africa, mobile money seems to be finally picking up beyond East Africa.
As the leaders of today’s finance functions continue to work hard to boost their relevance and value to the business, they are shifting their focus outward to those financial management activities that contribute the most to better business decisions that improve the bottom line. Their biggest challenges lie in creating the efficiencies needed to gather and process basic financial data and continue to deliver traditional finance outputs while at the same time redeploying their limited resources to enable higher value business decision support activities.
Recently the Carlyle Group, one of the largest global asset management firms, specialising in private equity, closed its maiden sub-Saharan Africa Fund at around US$700m – about 40% beyond its original target. This has followed the closure of a number of similar Africa funds at anywhere from US$350m to US$1bn. Private equity operating norms suggest that these funds will have to be deployed within the next couple of years – and this illustrates the direction of travel of one of the most focused streams of global investment capital.
At the credit application and processing stage, banks need to invest in systems that allow more efficient and tailored risk profiling. Such a system rewards diligent entrepreneurs with lower lending rates and greater access to capital. Post-disbursement, the establishment of dedicated advisory/support teams can help minimise credit risk and improve credit management by educating and advising SMEs on day-to-day financial management, record keeping and corporate governance. The incremental cost of this will be easily offset by the increased patronage and lower default rates.
Looking beyond the BRIC countries and expanding geographic focus, many are finding out that underdeveloped markets are on the edge of growth. It is clear that opportunities within high growth markets are trending and will continue to be a vital long-term investment strategy for international businesses.
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.
Resource-based industries are not entirely about resources. They are, very largely, about people, and how effectively people from all sectors work together. In this article I will outline why collaboration is vital to growing our African resource industries.
Shadow Banking is a non-banking entity that provides lending services, such as asset-backed securitisation through special vehicles, outside the traditional regulatory environment in which a traditional bank should operate under.
The 2014 Economic Report on Africa, released by the United Nations Economic Commission for Africa (UNECA) and the African Union (AU) highlighted the fact that Africa needs to radically change its policy towards industrialization.
A main cause of economic reform is the establishment of the Rwandan Stock Exchange, and according to financial expert Marc Holtzman, the exchange could mean the uplifting of the entire area.
In spite of the high inequalities existing between countries in Africa, inclusive growth was still possible with cooperation and integration of trade, the Chief Economist, African Development Bank, AfDB, Mthuli Ncube, has said. Mr. Ncube, who was speaking during one of the private meetings marking the opening of the 24the World Economic Forum
Raw wealth no longer defines national success: countries must aim for prosperity, inclusively. Government and business need to work together to achieve this.
Establishing or expanding a business in a new market environment carries with it opportunities and risks which naturally require mitigation measures, including insurance for companies.
Rwanda’s economy is expected to perform better this year compared to 2013. According to government, IMF and World Bank projections, the local economy is going to grow by between 7.2% and 7.5%. However, are projections feasible considering that last year the economy grew lower than expected?
With daily blackouts and crumbling power infrastructure that has until recently seen little or no investment in over three decades, Nigeria has been christened the Generator Republic. Most households and virtually all serious businesses have resorted to self – help, investing heavily in generators and other back-up power systems to meet their daily electricity needs.
Mozambique continues to experience dramatic economic growth rates, with gross domestic product (GDP) growth in 2012 estimated at 7.5%, and projected growth in 2013 and 2014 estimated at over 8%. Nevertheless, Mozambique remains extremely poor and underdeveloped, struggling to translate that robust economic growth into prosperity for its populace.
The Nigerian Power Sector Reform, which was set in motion in 2005 by the enactment of the Electric Power Sector Reform Act, has been regarded as Africa’s largest privatisation exercise to date. The reforms have opened up the Nigerian Electricity Market, which had been managed solely by the Nigerian Government
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.