Tag Archives | Standard Bank
Africa Brief: New Swazi airport stands idle as citizens count cost; Standard Bank new rules put Angolan unit in black; and more…
SWAZI King Mswati III seems oblivious to descriptions of his new R3 billion airport as a “vanity project”. Opening the facility this week, he named the airport after himself.
Africa Brief: Standard Bank expands in Africa, IMF urges Sudan to set aside more for the needy and more
Standard Bank opened a representative office in Cote d’lvoire yesterday, taking its footprint to 19 African countries. The representative office, based in Abidjan, “signifies a deliberate drive by Standard Bank into the West Francophone Africa region”, it said.
Sierra Leone exported $102 million (R1bn) worth of diamonds in the first half of 2013, up from $71m in the same period from 2012. The government collected $5.1m in taxes in line with the 5 percent export levy.
Africa Brief: South Africa and African growth, Zimbabwe investment, Motsepe Guinea investment plans and more
Global investors are looking for new ways to participate in Africa’s growth success. The International Monetary Fund’s (IMF’s) latest World Economic Outlook expects that sub-Saharan Africa will grow 5.6% this year and 6.1% next year. If these projections are realised, sub-Saharan Africa will surpass Asia as the world’s fastest-growing region next year. It is not surprising that rapid growth is occurring in the poorest countries. What is surprising about Africa’s present rapid growth performance is that it is spread across a large number of countries.
Recorded live in Johannesburg, this episode from the Africa Conversation Series focuses on transacting in Africa. On the panel: John Geel (Head of Transactions & Restructuring, KPMG), Heloise Smith (Executive VP, Business Development, Standard Bank), Alan Field (Head of Tax & Legal, KPMG) and Habil Olaka (CEO, Kenyan Bankers Association).
Many potential investors make the ‘mistake’ of developing a generic African investment strategy. Africa has 55 independent countries with different regulatory and legislative environments. It is key to tailor an investment strategy according to the countries of potential investment.