Africa | - Part 31

Africa Witnesses the Largest International Islamic Economic Gathering Next Week

MAPUTO, Mozambique (Capital Markets in Africa) — Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group, has stated that preparations are in full swing at the IDB Group for its annual meeting, which is scheduled to take place this year, Allah willing, in Maputo, Republic of Mozambique at the kind invitation of the Government of Mozambique. This is the first time the meeting of the IDB Board of Governors is taking place in the…

African Infrastructure Developers Propose Solutions for Tapping Billions in Investor Interest

Posted on by The Editorial Team

Cape Town, South Africa (Capital Markets in Africa) —High quality infrastructure project development with the support of an improving enabling environment in Africa holds the potential to unlock billions in new private investment. Africa’s high growth and huge development potential hinge on building and expanding modern infrastructure, and private investors are more willing than ever to fund strong projects on the Continent under the right conditions, according to experts who gathered in Cape Town today…

NEPAD: Top global and African CEOs launch infrastructure business network

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Cape-Town, South Africa (Capital Markets in Africa) — Top global and African Chief Executive Officers today launched a Continental Business Network (CBN) to fast-track high-level private sector investment into Africa’s regional infrastructure. The launch of the CBN on the side-lines of the World Economic Forum on Africa in Cape Town, South Africa, is the mandated follow-up and implementation of recommendations emanating from the Dakar Financing Summit (DFS), hosted by Senegal’s President Macky Sall. CEO of the…

Botswana Market Watch | June 1st 2015: Botswana equity market starts June with positive trend.

Posted on by The Editorial Team

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index starts the week on a positive trend, adding 0.03 percent to extend its year-to-date growth by 10.59 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red. The equity market capitalization gained BWP 608 million to end the day at BWP 382,197. From the market activity viewpoint, the markets started the start day of the week with a snail’s…

How to ensure Africa’s natural wealth stays in Africa

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- With mineral prices plummeting 60 % from peak highs in 2011, turning Africa’s extractive industries, which include renewable resources, into lasting profits is a primary concern for the continent’s 54 nations. According to Ministers of Trade and Mining as well as experts in the fields, transparency and diversification of economies are the best ways to make sure that happens. “We are in the process of reviewing all mining…

AfDB funds USD 70.5 million for Tanzania’s power sector reform and governance support programme

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Dar Es Salaam, Tanzania (Capital Markets in Africa):– Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth. It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord…

AfDB Report says Structural change needed to spur innovation in Africa

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- To make economic growth self-sustaining, African countries must urgently make deep structural changes to propel innovation, notably boosting public investment and strengthening social services. Innovation is needed to create jobs and offer livelihood opportunities to lift the majority of Africans out of poverty, according to the African Development Bank’s 5th Annual Development Effectiveness Review (ADER) released Wednesday in Abidjan. This year’s ADER has innovation as its theme. “While Africa today…

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