Tag Archives | World Bank
Despite cultural and regional factors having an impact on consumer spending patterns and trends, one generally finds quite a strong positive relationship between income per person and consumption per capita for various goods irrespective of these other factors.
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.
A main cause of economic reform is the establishment of the Rwandan Stock Exchange, and according to financial expert Marc Holtzman, the exchange could mean the uplifting of the entire area.
Rwanda’s economy is expected to perform better this year compared to 2013. According to government, IMF and World Bank projections, the local economy is going to grow by between 7.2% and 7.5%. However, are projections feasible considering that last year the economy grew lower than expected?
Barclays Africa Group is looking to dispose of about R400m assets this year as part of its strategy to exit noncore activities and reduce risk to revenue. The retail and business banking unit is looking to dispose of investment properties while the head office has a number of assets classified as property within corporate real estate services that are classified as held for sale.
South African is not the only country in Africa with a tangible National Development Plan. Côte d’Ivoire, ranked 167th by the World Bank, articulated its economic strategy in 2012. The country aims to become a significant player in the emerging markets by 2020. To this end, it has developed a strong-minded foreign policy, which has helped its position as a leading economic power in West Africa region.
The World Bank is likely to approve the funding of the expansion of the Inga hydro-electric dam in the Democratic Republic of Congo according to a bank official.
Information and communications technologies (ICTs) offer a means of substantially improving productivity and efficiency across a broad number of economic sectors for companies, as well as both developed, and developing countries.
All mining operations in the country are to be reviewed and those not in the best interests of Mali are to be renegotiated, said Mines Minister Boubou Cisse in September of last year. Cisse was speaking a month after President Ibrahim Boubacar Keita came to power and announced his party’s commitment to weeding out corruption.
Wayne Jansen, global head of mining at KPMG, says that although the mining sector has been in survival mode in recent years, the growth starting to emerge in the global economy gives reason to hope that the situation is set to improve.
Air Namibia scooped a Feather Award for the best regional airline at OR Tambo International Airport this year. This is a recognition that Airport Company of South Africa (Acsa) gives key players at its airports who consistently go the extra mile in providing passenger service excellence.
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.
Africa Brief: Local food firms eye expansion in rest of Africa, Zimbabwe to start joint ENRC mine and more…
Nigerian President Goodluck Jonathan’s political troubles are increasing pressure on the central bank of Africa’s second-largest economy to devalue its currency, risking higher prices on all goods from food to oil.
Africa Brief: Africa must join hands in fighting red tape, Nigeria hands power to private buyers and more…
If African countries do not work together to resolve impediments such as bureaucratic red tape and lack of infrastructure, growth will continue to be constrained, Shoprite Holding’s chairman Christo Wiese said. The search for higher yield has consumer-facing players turning their attention to Africa as the next hot ticket.
Africa Brief: Kenya slashes coffee output on poor prices, Nigeria startup coins it on vast jobless number, and more
Kenya has lowered its coffee production and export earnings projections for the 2012-13 (October-September) coffee year due to poor global prices and reduced crop acreage, the industry regulator said, The Coffee Board of Kenya said it expected production of 44000 tons of coffee, down from the previous year’s 49 003 tons. Export earnings for the season could dip to 17 billion shillings (R1.9bn) from 19 billion shillings made previously.
Not so long ago, for luxury goods retailers the African market boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although millions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.
As supply chains are becoming more global and complex, logistics, especially the transport functions are equally becoming convoluted. In developing countries logistics is one of the biggest contributors to a nation’s GDP (in South Africa – 12.7%). Accordingly its management is vital for a growing economy.
The African Development Bank (AfDB) identified the management of rapid urbanisation in already overburdened cities as one of the key challenges for African policy makers in the coming decades.
The World Bank’s Vice President, Makhtar Diop, has called for faster progress in areas such as electricity and food in the vulnerable areas of The Sahel and the Horn of Africa, and says that significantly more energy and agricultural productivity are needed to raise the quality of life …
Continuing from Africa economic prospects: Where to from here, we explore the insights of the IMF’s World Economic Outlook 2013 and the World Bank’s analysis of the issues shaping Africa’s economic prospects …
The IMF’s World Economic Outlook 2013 and the World Bank’s latest “Africa’s Pulse” (a twice-yearly analysis of the issues shaping Africa’s economic prospects) provide the following insights on African economic performance and the outlook for 2014 …
According to the Fraud Risk Barometer, the occurrence of reported fraud has decreased from 503 in the first half of 2012 to 348 cases in the second half of 2012. It is the third consecutive period where a decrease in reported fraud and corruption …
It took Kenyan lender KCB Group less than a year to break even after opening in tiny Burundi, a country better known for explosive violence than explosive growth. KCB’s success highlights the hunger for financial services that the biggest local banks are turning regional to tap. While there is an average of pretty much one deposit ac¬count for every South African, according to the latest World Bank data that falls to fewer than 220 accounts per thousand people in Burundi, a 2012 survey showed.
A supportive regulatory framework is essential in ensuring that business in Africa can be done with ease. According to recent World Bank report there are 10 areas of business regulation that determine the ease of doing business in a country.
Key areas include: Establishing a business, resolving insolvencies, cross border trading and access to electricity.
South Africa, Rwanda and Mauritius are the top ranking countries in Africa to do business in based on their regulatory frameworks, while countries like Angola, Chad and Congo are still playing catch-up in establishing business friendly environments.