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Bankers vital to Africa's economic ascendancy
As finance leaders headed to last week's International Monetary Fund spring meetings in Washington DC, sentiment in emerging markets was likely to be top of mind. But slower growth in parts of Asia and political discord in some emerging economies shoRead More...
Chinese investors to create Dubai-like Kenyan city
The ambitious plan, which involves at least 100 Asian investors, is being fine-tuned ahead of an anticipated visit to Kenya by Chinese Premier Li Keqiang early next month.It is understood construction may begin later in the year. The project, to be Read More...
KNBS to Rebase Economic Data for Accuracy
Kenya National Bureau of Statistics has said the planned rebasing of national accounts and development of consumption and supply tables will result in improved accuracy and consistency in economic data.Rebasing is slated for September and is expectedRead More...
Kenya Poised For Middle-Income Economy Status
Barely a week after Nigeria’s confirmation as Africa’s largest economy, following a rebasing of its Gross Domestic Product (GDP), Kenya has also done a statistical review of its economy, with the result expected to usher the East African Read More...
Kenya: Need to Focus On Economic Growth
Kenya is ripe for socio-economic transformation, but the country leaders are throwing the country deeper and deeper into debt and creating chronically uneven development. The abuse of state power by vested interests has been as essential a feature iRead More...
Kenya GDP Could Grow $45 Billion With Switch To Green Economy
Kenya’s economy could be boosted by as much as $45 billion by the year 2030 with a switch to a ‘green’ economy, according to a new joint study from the UN Environment Programme and the Government of Kenya.The switch would also (of cRead More...
AFIG Funds sees opportunities in Africa
Small and medium-sized enterprises in Africa are crying out not just for financing but also management and operational expertise to enable them to grow a regional footprint, says private equity firm AFIG Funds.Papa Madiaw Ndiaye, Senegal-based chief Read More...
Nigeria Becomes Africa's Fastest Growing Aviation Business Destination
Nigerian has become the fastest growing aviation business in Africa with more new and pre-owned aircraft delivery than South Africa as at 2013.This was disclosed by the Chief Executive Officer of EAN Aviation, Segun Demuren, who organised the NigeriaRead More...
South Africa on a growth curve different from Nigeria
THIS week’s news that Nigeria’s gross domestic product (GDP) is higher than South Africa’s has generated significant debate locally, with some commentators inferring that the news will have a negative effect on investor sentiment anRead More...
More Ghanaian companies join Invest in Africa
Invest in Africa, has announced that leading business law firm, AB & David, is the latest company to join its expanding network of local and international partners.The announcement follows earlier one in December 2013 that Guinness Ghana BrewerieRead More...
Sub-Saharan Africa hotels boom
NEW research from Lagos-based consultancy W Hospitality Group on Tuesday showed that for the first time since the survey began in 2009, international and regional hotel chains are signing more deals in sub-Saharan Africa than in North Africa. "The bRead More...
Builders benefit from Africa
Construction companies in sub-Saharan Africa are moving beyond mainstay mining work as rising wealth and urbanisation spark demand for shopping centres and better roads, the chief executive of South African builder Group Five said.Mike Upton also tolRead More...
Power Africa aims to build continent's capacity internally
When US President Barack Obama visited Tanzania last year, one of his priorities was to launch the Power Africa initiative, a programme to help kick-start power generation across six African countries.With this flagship programme, the US government uRead More...
Côte d'Ivoire 'one of Africa's best bets', says investor
Three years after disputed elections led to bloodshed, Côte d'Ivoire has emerged as one of the most exciting opportunities for private equity investors in Africa, with a dynamic workforce keen to put a decade of turmoil behind it, a senior inveRead More...
Scaling up agribusiness should be Africa's next growth frontier
Africa’s economic performance over the past decade has been remarkable, having reached an average growth of 5 percent. If this growth is maintained, projections indicate Africa’s gross domestic product should increase approximately threefRead More...
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