Private equity fund invests in three Ecobank subsidiaries Published by Staff Writer on 4 August 2010 The Ecobank Group has announced that it has reached an agreement with Advanced Finance & Investment Group for an investment of US$14 million in three of its subsidiaries.
Kenyan president facing tough decision on price controls Published by Cathy Majtenyi on 2 August 2010 Kenyan President Mwai Kibaki is considering whether to sign a price control bill into law that would allow the government to set prices on basic items such as maize, wheat, cooking oil and petrol.
Banking on Kenya’s women Published by Dinfin Mulupi on 2 August 2010 When a group of ambitious professional women set up the Kenya Women Finance Trust in 1981, they had no idea that it would one day grow into a financial services giant.
Liquidity challenges continue to hamper trading on Ghana bourse Published by Imara Africa Securities team on 1 August 2010 Liquidity constraints remain one of the biggest hindrances to foreign investment on the majority of sub-Saharan Africa’s frontier markets.
Insight into doing business in Angola Published by Staff Writer on 1 August 2010 Doing business in Angola can be challenging and foreign companies need to do their homework before entering the market. How we made it in Africa asked Roger Ballard-Tremeer about the country’s business environment
Tourism industry on alert ahead of referendum Published by Dinfin Mulupi on 1 August 2010 The Kenya Tourist Board has moved to dispel fears and reassure tourists of their safety in the country ahead of Wednesday’s referendum.
Swaziland economic overview Published by Staff Writer on 30 July 2010 The global economic crisis dominated Swaziland’s performance in 2009 with growth reaching just 0.2%.
Does your business qualify for Pioneer Status in Nigeria? Published by Staff Writer on 30 July 2010 The grant of Pioneer Status to an investment in Nigeria is aimed at enabling the industry concerned to make a reasonable level of profit within its formative years.
Portuguese lender eyeing Mozambique’s Moza Banco Published by Staff Writer on 29 July 2010 Banco Espirito Santo SA, Portugal’s largest publicly traded bank by market value, has signed a memorandum of understanding to acquire a 25% stake in Mozambique’s Moza Banco SA.
East African Breweries acquires Tanzanian beer maker Published by Dinfin Mulupi on 29 July 2010 East African Breweries Limited (EABL) has acquired a majority stake in Serengeti Breweries Limited (SBL) of Tanzania.
Senegal gold project proves economically viable Published by Staff Writer on 29 July 2010 Canada-based Oromin Explorations has announced that a feasibility study for a proposed open pit and underground mine in Senegal has shown that the project is economically viable.
Second round of bank consolidation draws near in Nigeria Published by Imara Africa Securities team on 28 July 2010 As expected, the passing into law of the AMCON Bill in Nigeria, as well as the advent of the reporting season, has seen Nigeria’s All Share Index rally somewhat over the past few days.
Rwanda least corrupt country in East Africa – index Published by Kim Lewis on 28 July 2010 The Kenya chapter of Transparency International found that two neighbouring countries in Africa call on two different ends of the scale in terms of corruption.
Brazilian firm views South Africa as important market Published by Staff Writer on 27 July 2010 WEG, a Brazil-based industrial-machinery maker, has acquired control of South Africa’s Zest Group.