Africa | - Part 41

Seychelles: AfDB Approves US$ 26 million for Mahe Water Project

Seychelles (Capital Market in Africa) — The African Development Bank Group (AfDB) has allocated a loan and a grant amounting to US$ 25.995 million dollars to finance a water project in Mahe in the Seychelles. The Mahe Sustainable Water Augmentation Project (MSWAP) approved by the AfDB Board on Wednesday, 1 April 2015, in Abidjan, seeks to promote the country’s economic development by improving water supply capacity and resilience against climate change. The project aims at…

South Africa’s retail development market seen as crowded

Posted on by The Editorial Team

South Africa’s retail development market seems to have become crowded, forcing developers to look west of the continent for lucrative opportunities. Industry players note that South Africa’s retail landscape, in particular Johannesburg, has become mature making the search for unique developments more difficult in the country. Investors in the retail development environment are taking stock of the supply and demand mismatch of markets outside South Africa. One such an investor is the founder and managing…

Japan tops project finance investment into the continent…

Posted on by The Editorial Team

Over the last 10 years, the level of project finance investments sponsored by Asian funds in Africa has increased by over 160%, with the amount of fresh capital poured into the continents’ projects such as roads, water sanitation plants and oil and gas pipelines in 2014 alone standing at USD 4.2bn, according to research by global law firm Linklaters. The surge, especially in the last five years, is perhaps surprisingly attributable to Japanese investors, who…

African real estate has unique drivers for growth: PwC report

Posted on by The Editorial Team

Global megatrends, such as rapid urbanisation and demographic changes, will drive growth opportunities in the real estate industry across the African continent over the next five years. “The pace of change in the world is accelerating, with a series of transitions, known as global megatrends, transforming the way in which business and society operate,” says Ilse French, Real Estate Leader for PwC Africa. “More and more, investors around the world are seeing the growth potential…

Communicating with the one of the world’s fastest growing middle class

Posted on by The Editorial Team

Despite the vast opportunities that Africa is presenting to various brands and businesses, communicating with the continent’s one billion consumers can be a challenge due to the various cultures, political situations and language barriers that exist. This is according to Megan Collinicos, Head of Advertising and Public Relations for DHL Express Sub-Saharan Africa, who says that should messages and channels not be correctly targeted and adapted for this growing market, the success rate of businesses…

Africa builds an appetite for Islamic finance, says IDB unit

Posted on by The Editorial Team

GENEVA (Reuters) – Nigeria and Ivory Coast are looking to emulate Senegal’s successful move into the market for Islamic bonds, the head of the Islamic Corporation for the Development of the Private Sector (ICD) told Reuters. Despite strong growth in the Middle East and Southeast Asia, Islamic finance has lagged in Africa, home to a quarter of the world’s Muslims, presenting an opportunity for ICD, the private sector arm of the Jeddah-based Islamic Development Bank….

African Market Watch: Monday, 9th March 2015

Posted on by The Editorial Team

Egypt: The Egyptian Stock Exchange (EGX) indices ended on a mixed note on Monday as the benchmark index EGX30 added 0.78% to 9,713.61 points, while market capitalisation gained EGP 1.4 billion. The EGX70, which measures small and mid-cap stocks, inched down 0.28% to 566.38 points, while the broader index EGX100 gained 0.03% to 1,139.14 points. Today’s turnover amounted to EGP 667.5 million, while traded volume reached around 166.4 million shares sealed through 19,700 transactions. The…

« 1 … 39 40 41 42 43 … 45 »