Tag Archives | middle class

Africa's Youth

Africa continues to show promise as a key FDI destination

During the 23rd World Economic Forum on Africa, held earlier this year, regional and global leaders from business, government and civil society engaged in discussion around unlocking and delivering on Africa’s promise and potential. We believe that the continent will continue to show prominence as a key destination for foreign direct investment (FDI) in coming years, with Yunus Suleman, Chairman of KPMG Africa, reiterating: “Africa will continue to be one of the largest FDI destinations and will retain its position of having at least six of the fastest growing countries in the world!”

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Mali’s gold mines

Africa Brief: East Africa lacks local oil expertise, Ecobank under investigation and more

In this Africa Brief: East African countries are grappling with the challenge of how to fast-track training of oil and gas engineers after unexpec­ted and continuing discoveries have positioned the region as a future global oil hot spot…Nigeria’s securities regulator was investigating pan-African lender Ecobank International over an alleged misstatement of its 2012 performance, a source at the Securities and Exchange Commission (SEC) said on Friday Nigeria’s SEC held meetings with Ecobank’s board of directors on August 6 to discuss the issue, which was raised by a suspended former head of finance at the bank, the source said, but did not elaborate as to what the bank was accused of misstating…

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Africa Brief: SA warned on BEE, Nigeria looks to SA, Africa’s middle class and more

Nigerian billionaire businessman Aliko Dangote has sharply criticised SA’s black eco­nomic empowerment (BEE) laws, calling them an obstacle to invest­ment from other African states and a brake on intracontinental trade. Mr. Dangote said SA’s BEE laws and policies would have to be reviewed in order to attract more investment from Africa to SA and to encourage all Africans to participate in SA’s economy. Mr. Dangote is listed as number 43 on the Forbes Richest List and is considered to be the richest man in Africa by Forbes Magazine.

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