Tag Archives | regional integration
In May 2013, South Africa played host to the 23rd World Economic Forum on Africa (WEF Africa). The theme of the conference was “Delivering on Africa’s Promise”. The conference saw key players and investors from all over the world convene to discuss a sustainable path of growth and development for the continent. The summit sought to address three key themes, Accelerating Economic Diversification, Boosting Strategic Infrastructure and Unlocking Africa’s Talent.
Nedbank Group, which announced on Friday it was entering the Mozambican market, remains on target for a solid financial performance this year. Nedbank, Old Mutual Group’s bank subsidiary, is entering Mozambique by acquiring an initial 36.4% stake in Banco Unico for $24.4m. Nedbank plans to take a majority stake later. South African banks are targeting expansion opportunities elsewhere on the continent in line with strategies to tap faster-growing developing countries.
There is no question that poor infrastructure development is one of the greatest inhibiting factors for economic and social development across Africa, or that the continent’s rich natural resources are its best leverage for turning this situation around …
Investment in Africa, and developing the perception of Africa as a promising investment destination, is key to the continued growth, development and success of the region …
By virtue of their combined size, BRICS nations represent 45 percent of the world’s workforce. But of this workforce a large number are unemployed or unemployable. For BRICS countries, as for Africa, the challenge is how to find ways to develop the skills of the workforce so that is more efficient and productive, to educate and train the unemployed so that they become employable, and – most importantly – to create meaningful jobs for them to fill.
Being the economic hub of the continent, benefits to South Africa will have spill-over benefits for the rest of Africa. According to BRIC architect Jim O’Neill (who was originally sceptical about South Africa’s inclusion in the grouping), South Africa has an important role to play, both as a gateway to the continent and as a catalyst for African integration.
Since BRICS’ inception, enormous opportunities have arisen for trade and investment within and through its member countries. China is currently South Africa’s biggest single-nation export market and South Africa is China’s biggest trade partner in Africa. India-South Africa bilateral trade is expected to reach US$15-billion by 2015, up from $11-billion in 2011.
The attractiveness of Africa as an investment destination has been positively impacted by a number of developments in the regulatory environment in African countries …
The 22nd World Economic Forum (WEF) recently took place in Addis Ababa, Ethiopia. The theme of this year’s Forum was ‘Shaping Africa’s Transformation.’ The Forum hosted over 700 delegates from around the world who discussed and debated some of the issues required to drive Africa’s growth agenda. With the ongoing financial turmoil in traditional investment markets such as the United States and Europe, investment and expansion into Africa was at the top of the Forum’s agenda. The Forum highlighted the fact that there are huge opportunities for great investment returns in Africa and there was a specific focus on integrating and expanding Africa’s capital markets.
In this edition of Invest Africa, the panel delves into the topic of regional integration and cooperation in Africa. The edition presents insight into the opportunity and challenges that exist when investing in the continent.
Inefficient cross-border procedures are costing Southern Africa US$48-million per year, according to the African Development Bank. Barriers are dampening trade between African countries as well as between Africa and the rest of the world. Regional integration is the only way to make Africa viable.