South Africa’s Growth Recovery At Risk From Lack of Policy Clarity: Central Bank
South Africa’s recent economic growth turnaround is unlikely to last as 2017’s boom fades and the outlook for reform remains murky, the central bank said on Tuesday. The South African economy expanded by a surprising 1 percent in 2017 as agriculture recovered from a drought the year before, and the Treasury expects growth of 1.5 […]
Qatar Seeks Return to Debt Market With Bond Meetings This Week
Qatar will start investor meetings from Monday as the country, boycotted by some of its Arab neighbors, plans its first dollar-denominated bond sale in more than two years.
Failed Bank Buyout Deal Shows Perils of Investing in Nigeria
It looked like a done deal between a Nigerian bank in need of funding and a U.S. private-equity firm keen to stump up the cash. But even after contracts were signed it fell apart, showing how tough the African nation can be for investors. Milost Global Inc. said it penned an agreement in November to […]
South African Tourism Has “Huge Growth Potential”: Minister
South Africa will speed up visa processes and lure major conferences in an effort to boost foreign arrivals by 40 percent by 2021, said its tourism minister. The new measures are part of a goal to attract five million additional travellers – four million international tourists and one million extra local holiday trips and will […]
Orange Seeking Partnerships Rather Than Acquisitions in Africa
Orange SA is seeking to build partnerships in Africa rather than making major acquisitions or entering new markets as the French phone carrier focuses on its existing businesses in 21 countries on the continent. Mobile-phone operators in Africa have to increasingly share their investment in infrastructure to reduce costs, Bruno Mettling, Orange’s deputy chief executive […]
Cocoa Farmers in Top Producer May Miss Out on Surging Prices
Cocoa prices have surged by a third this year, but that’s still unlikely to translate into big gains for farmers in top producer Ivory Coast. The West African nation uses forward sales to determine the minimum farmer price, so recent gains may have come too late for the smaller of two annual harvests that starts […]
As Commodities Roar, Africa Wants Bigger Slice of the Mining Pie
One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting growth and leaving budgets short. Since then […]
Africa Set to Agree $3 Trillion Trade Bloc, Without Key Economy
Three years of talks are expected to culminate in the creation of an almost $3 trillion African trade bloc on Wednesday, with the exception of one of the continent’s biggest economies. While the continent’s heads of state are gathering in the Rwandan capital, Kigali, for an extraordinary summit of the African Union to sign an […]
Ghana May Struggle to Repay Lenders’ $1.3 Billion Cocoa Loan
Ghana Cocoa Board may struggle to fully pay back loans of $1.3 billion as this season’s harvest will likely be smaller than first anticipated, according to the head of the industry regulator. The world’s second-biggest grower signed for the loans with lenders such as Credit Agricole SA and Natixis SA prior to the start of […]
Ivory Coast Cocoa Farmers Get Relief as Rains Return Early
Cocoa farmers in Ivory Coast, the world’s top producer, got some welcome relief in the past week with higher-than-normal rainfall across the main growing regions. It rained heavily on Wednesday night for more than six hours, said Robert Glaou, a farmer in the western town of Bangolo. Harmattan conditions have ended, he said, referring to […]
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