Value of foreign investments in Africa at 5 year high
June 11, 2015 Foreign directCAPITAL INVESTMENT into Africa surged to US$128b in 2014, a five-year high, with the number of jobs created from FDI jumping 68% resulting in 188,400 new positions across Africa, according to EY’s 2015 Africa attractiveness survey. The survey found Africa’s share of foreign directINVESTMENT (FDI) projects fell 8.4% in 2014, but remained
HOW AFRICAN ECONOMIES WITHSTOOD THE GLOBAL SHOCKS OF 2014
June 8, 2015 In 2014, African economies saw higher average growth rates, despite having to contend with a number of socio-challenges, including a global oil crisis,Ebola, and political tensions. According to the African Development Bank (AfDB) Annual Report, African economies registered an average GDP growth of 3.9 percent in 2014, higher than the 3.3 percent global
HOW DEEP IS INEQUALITY IN AFRICA?
June 6, 2015 A global discussion was sparked at the beginning of the year after anti-poverty charity Oxfam published its legendary report asserting that the top 1 percent of wealthy individuals would soon own more than the combined fortunes of the bottom 99 percent. Africa has experienced a similar trend as inequality has hit a record 42.6 on
Nigeria, An Investment Hotspot For The World’s Largest Brands
June 5, 2015 Nigeria is now an investment hotspot for some of the world’s largest brands, from General Electric to Unilever, the Economist Intelligence Unit (EIU) report on Enabling a more productive Nigeria: Powering SMEs has said. The country’s attractiveness has been further bolstered by favorable demographics and a rising middle class. Nigeria is now Africa’s leading
What Are The Next Steps In Africa’s Economic Transformation?
June 5, 2015 As the African Development Bank marks 50 years in the service of Africa, it is a moment to quote Nelson Mandela: “After climbing a great hill, one finds that there are many more hills to climb.” When the Bank was founded in 1964, Africa had great aspirations. Those aspirations were to be
15 Most Competitive Economies In Africa: A Reality Check
June 5, 2015 Despite outwardly healthy-looking growth rates in many parts of Africa, African countries are not becoming more competitive. They’re stagnating when it comes to inclusive and sustained growth, according to the World Economic Forum’s African Competitiveness Report, published Thursday at the World Economic Forum Africa in Cape Town. African countries overall are improving their efficiency in
Opportunities for those wanting to return to Africa
May 26, 2015 At least 1 000 UK-based African professionals are gathering in London this week to meet with 25 pan-African employers who are flying in specially to woo them home with great opportunities. Homecoming Revolution’s Speed Meet Africa is taking place at the Olympia Conference Centre in Kensington on Friday March 20 and Saturday
Nigerian oil marketers to begin lifting of fuel in six hours
May 25, 2015 Product petroleum marketers in Nigeria have agreed to call off their strike, and to ensure restoration of normal supply of fuel throughout the country within the next six hours. The agreement was brokered by the Nigerian senate after a meeting between the oil marketers and the federal government at the national assembly
How Oil Tanker Drivers Have Shut Down Africa’s Largest Economy
May 25, 2015 Airlines in Nigeria said on Saturday they had been forced to cancel flights due to lack of fuels, as motorist across the west African nation queued for hours to get a few litters of the commodity. This was a culmination of a two-week strike by oil tanker drivers and other industry workers
Getting to Know the Diverse African Consumer
May 23, 2015 With more than one billion consumers, Africa is a continent of rising influence and potential. Discover deep insights into consumer habits across a diverse range of markets with details on how African consumers spend their money and consume media. Angola With a population of 19 million, Angola offers great promise and opportunity