Author Archive

Moderate downward revisions for sub-Saharan Africa growth outlook, says IMF

The IMF forecasts a positive growth trajectory for the sub-Saharan African region.

General Electric to expand its investments in Africa

General Electric is in the process of expanding its investments into sub-Saharan Africa as part of the recently announced Power Initiative.

M-Pesa expands services and could appeal more to cashless societies

Safaricom has ventured into the restaurant business by launching an M-Pesa payments platform for restaurant bills.

Why Mi-Fone wants to establish a mobile phone manufacturing plant in Nigeria

African start-up and mobile phone maker, Mi-Fone, says it is finalising plans to establish a US$30 million manufacturing plant in Nigeria.

Africa’s agricultural market could triple if farmers were able to tap into middle-class demand

Africa’s agricultural market could reach $1 trillion over the next two decades.

Crowdfunding – a new avenue for African SMEs to raise capital

With access to capital being one of the challenges most SMEs in Africa face, crowdfunding services have a role to play in helping to tackle this problem.

Drug makers add support to Africa’s growth story

Pharmaceutical spending in Africa is expected to reach USD30bn by 2016.

Infrastructure developments aim to increase cross-border trade between Kenya and South Sudan

Eldoret-Juba road of Kenya and South Sudan will be upgraded and a one-stop border post at Nadapal will be built.

Sub-Saharan Africa continues to attract investment bankers chasing deals

Sub-Saharan Africa continues to be a hotspot for investment banking deals, reports Bloomberg.

Sub-Saharan Africa set to continue on its robust growth path

The World Bank this week issued its Global Economic Prospects for January 2013, reflecting strong medium-term growth expectations for sub-Saharan Africa, a continuation of the solid growth seen.

Burundi reaping the benefits of regional integration

Burundi has increased its exports within the East African region by about 15% since joining the bloc in 2007.

Uganda’s oil deposits 40% higher than earlier believed

Uganda’s oil deposits are 40% higher than earlier believed.

Zambia attracts strong interest from international investor community

Last week was a watershed moment for Zambia, as the country saw the hugely successful issuance of its debut US$750m record-breaking Eurobond on the international market.

Death of Ethiopian PM leaves the country’s future uncertain

The death of the 57 year old Ethiopian Prime Minister, Meles Zenawi, in a Belgian hospital last week heralded challenging times ahead for Ethiopia.

Agriculture – ‘the most important sector of the African economy’

The need for Africa to diversify its economy from commodities alone has been mentioned constantly by many economic commentators.