Big Retailer Targets South Africa's Middle Class
Zara, the global fashion giant, established it's first store in South Africa to capitalize on growing consumer spending. Zara's entry to South Africa follows the huge US chain Walmart's $2 billion takeover of Massmart, a South African retailer.Read More »
Source: Africa Review (South Africa)
Treasury to Borrow $600M in Foreign Debt Markets
Kenya will borrow $600 million in its first dollar-denominated syndicated loan. Citibank, Standard Chartered and Standard Bank are the arrangers with Goldman Sachs, Barclays, Citigroup, Bank of America, Credit Suisse among others invited to participate.Read More »
Source: The East African (Kenya)
Down In Africa: The Best Stocks For Africa's Oil Reign
Interested in gaining exposure to Africa’s oil boom beyond traditional integrated oil stocks? Here are a few choices to consider and why. All NYSE listed (Apache, Anadarko Petroleum, Kosmos Energy, Cobalt International Energy, and BP).Read More »
Source: Benzinga (USA)
The Economic Outlook for Africa
The IMF forecasts that sub-Saharan Africa will grow by an average 5.5 percent in 2012. A number of economies are expected to exceed the 7 percent mark including Nigeria, Ghana, Cote d’Ivoire, and Liberia. Read More »Source: This is Africa
Africa Should Be Prepared For Headwinds From Euro Crisis
The World Bank warns that Africa's growth prospects could be dampened by considerable headwinds from slower growth in the global economy, lower commodity prices, heightened uncertainty in global financial markets, and monetary policy tightening in some countries. Read More »Source: How We Made it in Africa (South Africa)
Africa 2011 PE deals reach $3B
In 2011, Private Equity investors closed $3 billion worth of deals, with South Africa and Nigeria attracting the most capital. The largest private equity transaction across Africa in 2011 was a $750 million investment in Union Bank by a consortium led by Africa Capital Alliance (ACA). Read More »Source: Private Equity Africa (UK)
Sierra Leone and China Sign Mega $1.2B Land Deal.
Sierra Leone and China signed a $1.2 billion land investment transaction, reported to be the largest yet in its agriculture sector. The project with Hainan Natural Rubber company is estimated to provide 100,000 jobs for Sierra Leoneans and is reportedly set to begin by the middle of 2012. Read More »Source: Africa Review (Kenya)
Analysis: Nigeria strife highlights Africa investment risks
Nigeria’s recent political unrest is forcing investors to reassess their optimism over the returns available there and elsewhere in Africa. Thomson Reuters data shows that a dollar invested five years ago in MSCI’s Africa frontier equity index would have lost 23 cents, compared to a 22 cents profit for an investor in mainstream emerging equities. Read More »Source: Reuters
P&G targets Africa
In another sign of continued global commercial interest in Africa, Procter & Gamble, the consumer goods giant, is placing an emphasis on corporate social responsibility and efforts to drive revenue growth in the region. Bob McDonald, Procter & Gamble’s chief executive, described Africa as the “next frontier” for the company. Read More »Source: Warc (UK)
10 African Business Leaders and Thinkers to Follow on Twitter
A number of African business executives are using Twitter to communicate thoughts on business, politics and Africa’s development, as well as football. As of this article’s writing, Bob Collymore of Safaricom has 36,799 followers while Chris Kirubi, an industrialist, has 21,693 followers. Read More »Source: How We Made it in Africa (South Africa)
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