Africa receives less foreign investment in 2010 Published by Claude Harding on 19 January 2011 Foreign direct investment into Africa fell by 14% to US$50 billion during 2010, according to a recent report.
Why South Africa could be an attractive base for foreign private equity funds Published by J-P Fourie on 19 January 2011 Recent changes in legislation are paving the way for South Africa to serve as the hub for private equity funds looking to invest in the African continent.
Tanzania introduces new import regulations Published by Staff Writer on 19 January 2011 Kenyan processed goods with a value of Ksh.30 billion (US$370 million) could be blocked from Tanzania, which is demanding the Diamond Mark of Quality in favour of the standardisation symbol that most exporters use.
EgyptAir launches Cairo-Lusaka route Published by Staff Writer on 19 January 2011 EgyptAir on Monday launched direct flights from Cairo to Lusaka.
Australian Mines closer to sealing Nigeria gold deal Published by Staff Writer on 19 January 2011 Australian Mines has announced the completion of due diligence by Nigeria Gold Pty Ltd on the firm.
Angola economy to grow by 7.5% in 2011, says minister Published by Staff Writer on 18 January 2011 Angola’s Minister of State Carlos Feijo said the country will achieve 7.5% GDP growth in 2011.
Africa becoming more economically free Published by Imara Africa Securities team on 18 January 2011 The Sub-Saharan Africa region, led by Rwanda, Djibouti, and Cape Verde, achieved the largest score improvement in the Index of Economic Freedom for 2011.
Despite investor interest, 70% of Nigerians still live below poverty line Published by Staff Writer on 18 January 2011 Despite significant investor interest in Nigeria, around 70% of the country’s 150 million people still live below the poverty line.
Southern Sudan referendum credible, says observers Published by Staff Writer on 17 January 2011 European observers said southern Sudan’s independence referendum was credible and well-organised, Reuters reported.
Nigeria: bailed out banks fail to hold AGMs Published by Staff Writer on 17 January 2011 Eight of Nigeria’s nine banks that received bailout money have failed to hold their annual general meeting (AGM) – one of the financial system statutory requirements for financial institutions – eighteen months after N620 billion was injected.
Wal-Mart applies to operate in Zambia Published by Staff Writer on 17 January 2011 US-based retailer Wal-Mart Stores has applied to Zambia’s Competition and Consumer Protection Commission to buy Massmart Holdings’s operation in the southern African country, Bloomberg reported.
Should South Africa be a BRIC country? Published by Claude Harding on 15 January 2011 Jim O’Neill, chairman of Goldman Sachs Asset Management, says it is not entirely obvious to him why the other BRIC nations should have agreed to the inclusion of South Africa in the grouping.
Nigeria: Goodluck Jonathan wins PDP’s presidential primaries Published by Staff Writer on 14 January 2011 Nigerian President Goodluck Jonathan early this morning defeated his closest rival and former vice president Atiku Abubakar to emerge as the Peoples Democratic Party (PDP) presidential candidate for the April elections.
Airtel to launch 3G services in Kenya Published by Staff Writer on 13 January 2011 Bharti Airtel will start offering third-generation telecommunication services in Kenya by the end of March, Bloomberg reports.
