Africa | - Part 43

SA Mining urgently needs Investor-Friendly Guarantees Framework

Cape Town, 11 February 2015: The positive message delivered by Mineral Resources Minister Ngoako Ramatlhodi to delegates at the Mining Indaba on Tuesday morning serves as a timeous reassurance to investors, but must urgently be followed by concrete interventions to provide guarantees that their investments will be safe and free from excessive interference into the future, says John Orford, Senior Portfolio Manager for Old Mutual Investment Group’s MacroSolutions boutique. In addition, investors will need to…

As Foreign Direct Investment continues to rise growth looks certain for Africa

Posted on by The Editorial Team

Achieving Africa’s growth Agenda – CNBC Africa Panel Speakers discuss Africa’s attractiveness to Foreign Investors. Even though threats still remain economic diversification and integration are major factors contributing to Africa’s growth. These factors, along with Infrastructure and Agriculture, were the key growth indicators discussed recently at “Achieving Africa’s growth Agenda” a World Economic Forum session developed in partnership with CNBC Africa and featuring prominent speakers Sunhil Bharti Mittal, Jacob G Zuma, Paul Kagame, Bronwyn Nielsen,…

How To Get Private Equity Exits in Africa Right

Posted on by The Editorial Team

Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times. New records are being set both at the levels of fund raising and sector diversity of investments. Africa is becoming increasingly investor-friendly. The attraction of PE to Africa is driven largely by many factors such as: the huge market size – Africa is home to over 1 billion people; relatively young population – about 60% are below 40 years…

The Davos Challenge: bikes for school children in SA

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When was the last time you walked 6km to work or school? Did you know that this is the average daily distance to school for half a million students in South Africa? This past week, participants at the World Economic Forum took part in “The Davos Challenge: Walk for Education” by having their steps tracked with electronic pedometers. For every 6km walked, UBS and the UBS Optimus Foundation donated a bicycle for school children in…

Nigerian Equity Market Reacts to Heightened Political Uncertainty: 9 Feb 2015

Posted on by The Editorial Team

Equity Market Reacts to Heightened Political Uncertainty… ASI Slumps 208bps The Nigerian Bourse expectedly experienced sell-down pressure today as investor sentiment weakened. This is premised on the heightened uncertainties surrounding the socio-political environment due to the postponement of the 2015 general elections announced over the weekend. Against this backdrop, the All Share Index (ASI) declined 208bps on the first trading day of the week to close at 29,360.55 points, pushing the YTD losses to 15.3%….

IMF Says Pan-African Banks Could Pose Systemic Risks

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Rapid expansion of cross-border banking in Africa in recent years poses oversight challenges that, if unaddressed, may increase systemic risks, IMF staff said. A recent report noted that pan-African banks have a systemic presence in around 36 countries and are now more important than the continent’s long-established European and American banks. Pan-African banks are improving competition, especially in host countries with small markets, driving innovation, and bringing new opportunities for diversification for the home countries….

The Resilience that African Economies Have Built Over the Past 15 Years is Real

Posted on by The Editorial Team

Donald Kaberuka, president, African Development Bank At the dawn of 2015, the question being asked frequently is: Are the good times over for much of Africa? Can the decade-long momentum be sustained, given the Ebola epidemic; the chronic crises in Central African Republic; South Sudan; the sharp fall in commodity prices; and a slowdown in the emerging markets, etc? In a sense it is déjà vu. The same question was asked in the aftermath of…

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