Features | - Part 253

Egypt’s GDP expected at 3 pct in second half of fiscal year says Ashraf al-Arabi

CAIRO (Reuters) – Egypt’s planning minister said on Wednesday the country’s average economic growth was expected to be 3 percent in the second half of the 2014/2015 fiscal year, compared with 5.6 percent in the first half of the year. Ashraf al-Arabi told reporters at a news conference that average economic growth for the current fiscal year would be 4 percent, or slightly above 4 percent.

Transnet says shutting coal export line won’t affect Tonnage

Posted on by The Editorial Team

By Zandi Shabalala JOHANNESBURG (Reuters) – South Africa’s Transnet said it will shut down its coal export line over a 10-day period for annual maintenance but this would not affect tonnages delivered as the halt was factored into its schedule. The state-owned logistics firm said in a statement seen by Reuters on Tuesday that the shut-down is meant to help it catch up on a maintenance backlog and upgrade its railway network. Companies such as…

Africa highlighted as high potential market for technology companies

Posted on by The Editorial Team

Charles Brewer, managing director for sub-Saharan Africa at DHL Express Cape town, South-Africa (Capital Markets in Africa):- DHL, the world’s leading logistics service provider, held its 5th annual Global Technology conference in Dubai last month, featuring a number of key sessions on doing business in Africa. Under the theme of “Connecting Markets, Trends & People”, the conference hosted some 300 delegates, including many DHL customers from leading global technology companies, for a three day program of…

Delivery is critical in e-tail transactions, says DHL

Posted on by The Editorial Team

As e-commerce continues to gain popularity across the African continent, more effort needs to be paid towards facilitating flawless delivery to customers. This is further supported by the Global e-Commerce Logistics 2015(1) report which reveals that e-commerce logistics is rapidly changing to keep pace with this quickly evolving market. This is according to Sumesh Rahavendra, Head of Sales for DHL Express Sub Saharan Africa, who says that the delivery of goods purchased online is one…

Templeton’s Mobius says good time to invest in Nigerian stocks

Posted on by The Editorial Team

LONDON (Reuters) – Veteran emerging markets investor, Franklin Templeton’s Mark Mobius said on Thursday that it was a good time to invest in Nigeria, which he sees as one of the most attractive frontier market destinations. “There are significant challenges ahead, but we believe the positives outweigh the negatives and think it’s a good time to invest in Nigeria – if we are patient and selective,” Mobius, who runs the Templeton Emerging Markets Trust said…

Kenya’s tourism industry braces for more misery after Al-Shabaab attack…

Posted on by The Editorial Team

Hoteliers from Kenya’s Indian Ocean coast region and sprawling game park reserves have said tourists have started cancelling trips to the East African nation after gunmen last week killed 148 people at a university campus. A vital part of East Africa’s biggest economy, Kenya’s tourism industry has been in decline since 2013 when al-Shabaab stormed an upscale shopping mall in the capital Nairobi, killing 67 people during a bloody four-day siege. Since then, repeat al-Shabaab…

Nigerian Political Landscape:Beyond the Change Chorus

Posted on by The Editorial Team

Beyond the Change Chorus… Open for Business Again? Against the intense apprehension by local and international observers, Nigeria’s 2015 Presidential Elections turned out peaceful and successful following the incumbent’s concession of defeat prior to the final announcement by the electoral umpire – INEC. The election, which was keenly contested by All Progressives Congress (APC) – Gen. Muhammad Buhari (GMB) and Peoples Democratic Party (PDP) – Goodluck Ebele Jonathan (GEJ) saw the emergence of GMB as…

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