Africa | - Part 26

Africa’s much-trumpeted growth is a reality but not a quality growth — Dr. Calos Lopes

Kinshasa, DR Congo, Capital Markets in Africa — The most urgent challenge faced by Africa at the present time is how to eradicate poverty while promoting prosperity. While we seem to be doing well on the latter front, with average economic growth of 5 per cent over the past decade – well above the global average – the picture is much less encouraging with regard to the fight against poverty. Africa’s much-trumpeted growth is a…

Gulf investors access Africa via co-investment with private equity funds and invest US$9.3 billion

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DUBAI, Capital Markets in Africa — In support of its efforts to highlight attractive investment opportunities in Africa to its members, Dubai Chamber of Commerce & Industry launched new report entitled “Beyond Commodities: Gulf Investors and the new Africa”, which has highlighted that co-investment with private equity funds, purchase of private equity businesses, and direct buyouts or minority share acquisition represent the most significant modes of FDI entry for Gulf investors interested in Sub-Saharan Africa. The study,…

Africa’s key growth constraints are infrastructure deficits, extreme poverty — Steve Kayizzi-Mugerwa

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Kinshasa, DR Congo, Capital Markets in Africa — In September of 2015, global leaders gathered in New York to adopt the Sustainable Development Goals. Back home in Africa a number of constraints will need to be removed to make progress. The lack of adequate infrastructure, particularly energy, is a major constraint. It has been estimated that electricity supply for Africa as a whole is equivalent to that of Belgium, a country of only 11 million…

Sub-Saharan Africa’s GDP growth to slow to 3.7% in 2015, Poverty declines …

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Lagos, Nigeria, Capital Markets in Africa — Sub-Saharan Africa countries are continuing to grow, albeit at a slower pace, due to a more challenging economic environment. Growth will slow in 2015 to 3.7 percent from 4.6 percent in 2014, reaching the lowest growth rate since 2009, according to new World Bank projections. These latest figures are outlined in the World Bank’s new Africa’s Pulse, the twice-yearly analysis of economic trends and the latest data on the continent….

Zimbabwe Equity Markets | 24 Sep 2015: ZSE Industrial Index down 0.37%, market cap ends US$3.434 bill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index was down by 0.0047 points or 0.37 percent to close at 131.50 points after trading in the days session. The ZSE Industrial index stood at 19.22 percent on a year-to-date basis. The market capitalisation ended at US$3.434 billion. The market activity today recorded a turnover of US$286,230 exchanged in 11 traded securities via 11 trade transactions. Foreign investor buys totalled US$101,762…

Meaningful African markets for investment

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Africa is not a single investment destination with a single set of standardised risk factors and homogenous potential for reward. Although some high-level similarities are evident, digging into the specifics of certain regions and countries show that Africa is comprised of a range of distinct investment destinations; each with its own attractions, challenges, cultural differences and business practices. Investors looking at Africa for the first time typically look at the largest economies by GDP or…

Islamic Finance in Africa: A Promising Future — ICD

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JEDDAH, Kingdom of Saudi Arabia, Capital Markets in Africa — A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan. The report is being published as the global banking community comes together…

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