Tag Archives | iron-ore
Africa Brief: Inflationary pressure feared, Togo-Ecobank goes on hiring drive, Famous Brands in Africa and more
Uganda’s central bank held its benchmark lending rate at 11 percent on 2 July 2013, citing renewed inflationary pressure. Policymakers said the bank expected annual core inflation would rise slightly over the next two or three months, before falling back towards its medium-term target of 5 percent.
Accurate short term prediction of iron ore pricing is said to more an art than a science, yet many financial institutions and mining companies are making decision on projects with 10 year development time and 30 year life with this price volatility front of mind.
Burger King’s debut in the sub-Saharan Africa market is part of the group’s strategy to become the best and most profitable quick-service restaurant business globally, according to Jose Cil, president of Europe, Middle East and Africa for Burger King Worldwide.Mr Cil said in an interview yesterday that the group’s first outlet,
When compared with other continents, Africa is not as competitive as it could be in the global mining industry, as more global investment is flowing into South America and China, says global advisory firm KPMG mining in Africa services head Ian Kramer. However, the African mining industry continues to grow significantly in West Africa, as gold projects are being developed in Ghana, Mali, Côte d’Ivoire, Burkina Faso, Guinea and Mauritania.