Tag Archives | Mozambique
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Automotive Manufacturing Plants prepare to expand in Africa While the South African automotive market looks […]
According to an International Labour Organisation (ILO) report sub-Saharan Africa has the world’s highest proportion (40%) of women who are just contributing family workers and are only supportive of the primary income earner. Only 15% of sub-Saharan African women are salaried (in developed countries it’s around 90%), and for most a job is not about building a career but about survival. In spite of the fact that women play such a key role in the home, and economy, they are not properly recognised and rewarded for their contribution.
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.
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.
Ecobank recently coined a new emerging market investment grouping – The Africa 8. Unlike other emerging market groupings, this one focuses entirely on investment potential going forward within Africa itself.
There have been numerous gas finds in Mozambique and Tanzania since 2010. In fact, finds in the Rovuma Basin have provided the operators of the gas projects enough incentive to develop LNG facilities in both countries.
Delta International Property Holdings, the first JSE listed property fund offering investors direct access to high growth markets in Africa, is targeting properties in Ghana and Nigeria, with an acquisition pipeline of $200m having been identified.
The results of an online Africa Geographic Travel Survey released last month show that tourists are squarely in favour of the south and east of the continent.
Mozambique has experienced growth rates of 7% in recent years, combine that with its political stability and recently discovered vast gas and coal resources, the country is destined to become Africa’s leading player in the power sector.
Cameroon has cut some of its costly fuel subsidies, a move that will please international donors calling for reforms, although similar moves have been reversed in the past due to the threat of protests against subsequent price rises.
Africa’s enormous growth potential is now an open secret with the International Monetary Fund (IMF) predicting that by 2015 seven out of the top 10 fastest growing economies will be in the region.
Calgro M3 Holdings, the listed affordable housing company, anticipates further growth into the African markets after making its first venture beyond South Africa’s borders into Namibia with the Otjomuise project in Windhoek.
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.