West African cities to become continent’s consumer hotspots Published by Imara Africa Securities team on 15 April 2011 Roughly 400 mid-size cities in emerging markets – cities many executives will have never heard of – are posed to generate nearly 40% of global growth over the next 15 years.
Winds of change start blowing in Nigeria Published by Imara Africa Securities team on 11 April 2011 Early results show that the ruling People’s Democratic Party is losing its grip on power.
Can investors look beyond Africa’s short-term turmoil? Published by Imara Africa Securities team on 5 April 2011 Recent events reminded investors that investing in Africa does come with some risks.
World’s beer makers jostling for market share in Africa Published by Imara Africa Securities team on 1 April 2011 In a recent report by Reuters, Heineken NV, the world’s third-largest brewer is reported to have submitted the highest offer for an Ethiopian brewery being sold by government.
Inflation more a worry for Africa than political risk Published by Imara Africa Securities team on 29 March 2011 The African Development Bank recently said that there is little risk that the political crisis in North Africa could spread to the sub-Sahara region, but escalating oil and food prices are the main worry.
Strong sell-off as Egyptian stock exchange reopens Published by Imara Africa Securities team on 25 March 2011 The Egyptian stock exchange finally reopened on Wednesday this week after having been closed for approximately seven weeks following political upheaval in that country.
Financial groups eye Africa’s growing middle class Published by Imara Africa Securities team on 22 March 2011 “Africa’s financial services industry may continue to grow at an average annual rate of 15% to 2020, outpacing gross domestic product growth.”
Nigeria and Uganda take further steps to deepen financial markets Published by Imara Africa Securities team on 11 March 2011 In further moves to deepen its financial markets, Reuters reports that Nigeria’s stock exchange plans to create an index for fixed income securities.
New minimum wage bill in Nigeria to drive consumption levels Published by Imara Africa Securities team on 3 March 2011 The Nigerian Senate recently announced the passage of the new National Minimum Wage Bill, increasing the monthly minimum wage by 140%.
Africa’s palm oil industry to attract more investment Published by Imara Africa Securities team on 1 March 2011 It was recently reported that Sime Darby, the world’s biggest listed palm oil producer, is considering plans for a 300,000 hectare plantation in Cameroon as the industry rushes to expand in Africa in response to rising demand and near-record process.
Zambia emerging as a strong global mining player Published by Imara Africa Securities team on 1 March 2011 Mining in Zambia will definitely be a key driver for growth in 2011 and beyond.
Africa’s mining sector viewed as attractive investment proposition, despite problems Published by Imara Africa Securities team on 17 February 2011 Africa’s mining potential is unfolding as a number of economies are becoming more important in terms of global mineral production.
Uganda expects increased foreign investment fuelled by oil Published by Imara Africa Securities team on 11 February 2011 Uganda is pinning a lot of hope on the domino effect to other parts of the economy that the discovery of oil could have.
Zimbabwe to set up commodities exchange as agriculture activity intensifies Published by Imara Africa Securities team on 5 February 2011 It came as good news to us that Zimbabwe will be opening a commodities exchange known as Comez (Commodities Exchange of Zimbabwe).
