Tag Archives | Malawi
Africa is the poorest continent in the world, yet it is one of the richest in terms of its natural resources. Its vast arable lands, excellent fishing grounds, and abundant fresh water supply (in certain regions at least) offer vast potential. Not only is Africa capable of feeding all of its own, it has been recognised as a potential world bread basket.
After being neglected for years, Mozambique’s transportation infrastructure has drastically improved in recent years due to the growing economic opportunities in the region. Once considered one of the most dilapidated transportation systems in the world, it is now being revitalised through both public and private funding. Extensive development is underway in ports, rail systems, and roads. The Mozambican Government is currently developing three corridors that provide export outlets for Mozambique’s neighbours.
Funds Barclays Africa yesterday listed NewPlat, the world’s largest platinum exchange-traded fund, on the Botswana Stock Exchange.
On 19 August I travelled to Madzi Apidza village, Malawi as a Project Africa envoy to witness and participate in the construction of a school financed by staff and Partners from our US practice.
The International Tobacco Growers’ Association has banded with tobacco farmers in Zimbabwe, Malawi, Zambia, Kenya and South Africa against governmental interventions to their growing and trading practices.
Nicknamed the “Warm Heart of Africa”, Malawi is a landlocked country in southeast Africa and home to an estimated 14,9 million people. Economic reforms implemented last year, are set to facilitate significant improvement in the region’s economy, with many of the worst effects of these reforms beginning to ease.
The Malawi Country Focus Seminar is proudly brought to you by KPMG in collaboration with Africa Exchange and in association with the Trade Fairs Department of the SA German Chamber of Commerce.
Although Africa’s aviation industry, which supported $67 billion (R662.6bn) in economic activity and 57 million jobs, was small by global standards, its potential to grow was “enormous”, with a billion people spread across 20 percent of the earth’s land mass. International Air Transport Association chief executive Tony Tyler said yesterday.He pointed out that hopes for African unity and integration depended on connectivity provided by air transport. Tyler said international passenger demand continued to grow in April, extending the positive trend that had been developing since late last year.
Malawi is fast becoming a ‘super model’ in the region and the continent in issues of Basel II, the second of Basel accords to be effective January 2014, the Reserve Bank of Malawi (RBM) said on Monday.
Kenya plans to construct a new $300 million (R2.6 billion) fuel pipeline from the port of Mombasa to Nairobi, to replace an older one, and possibly extend it to Uganda. Kenya Pipeline Company said that it was inviting proposals for the design of the 450km pipeline from east Africa’s trade gateway to feed land-locked growing economies, which rely on Mombasa for fuel imports. “The new pipeline is designed to meet petroleum products demand for the region up to the year 2044,” the company said.
Many JSE companies are seeing Africa as the new frontier and an important source of long-term growth, especially those companies doing business in mature markets. The International Monetary Fund forecast the region to grow at 5.5% both this year and next. By comparison, South Africa’s economic growth rate is forecast at just 2.7%.
Oil bunkering – hacking into pipelines to steal crude then refining it or selling it abroad – has become a major cost to Nigeria’s treasury, which depends on oil for 80% of its earnings. Many local Nigerians would obtain these oils and refine the oil to sell to the local and foreign market to make a living even though they know this is illegal. Nigerians can make $60 (about R523) in a day by oil bunkering.
Last year saw the expansion of global fashion brands expanding into South Africa, due to the increasing consumer culture; Africa attracts investments from international companies. Global retailers are looking for new income streams in SA, as it has a relatively untapped market. This puts pressure on local retailers to shorten their merchandise cycle to remain competitive with the other brands. This means a wider variety for local consumers as more brands expand into SA, which previously had a conservative clothing market.
The 2012 Africa Tax Academy took place in Nairobi, Kenya, from 9 to 11 July 2012, followed by a client breakfast with presentations by KPMG professionals from different jurisdictions on 12 July 2012.
Approximately 80 delegates attended the conference from countries such as Kenya, Nigeria, South Africa, Uganda, Rwanda, Sierra Leone, DRC, Malawi, Zambia, Botswana, Ghana, Tanzania, but also from Germany and Switzerland.