Tag Archives: African markets

Hospitality and tourism’s relevance to African markets

Olare Mara Kempinski, Masai Mara

The hospitality and tourism is an important sector for many developing countries, since it is one of the main foreign exchange earners and key exports component. In 2016, foreign visitors to Africa reached 58 million with a spending of USD 40.7 billion approximately 36.3%, and projected to reach 42.9bn by end of 2017. These statistics by Jumia Travel’s Hospitality Report Africa, reflect the sector’s extensive significance both in terms of social and economic growth. read more

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The agricultural professionals who are helping change the African farming industry

There are many problems facing the agricultural industry in Africa – from weather issues to historically political reasons for its struggles – but there are a number of professionals and businesses trying to make farming in Africa a real success story. read more

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Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study

TUNIS, Tunisia /African Press Organization (APO)/ African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank (http://www.afdb.org).
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Hope for financing Africa’s Development through private equity

CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.
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“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”

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African Development Bank Economist to present report on continent’s wind energy market at Clean Power Africa this month

Some 5000 power professionals to gather in Cape Town read more

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IMF Executive Board Concludes 2012 Article IV Consultation with Cape Verde

PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1
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DHL Express Triples its Network in Sub-Saharan Africa

DHL Express has expanded its network of DHL Service Points in Sub-Saharan Africa from the initial 300 to over 1000, in just a few short months read more

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Standard Bank Group scoops top honour in annual Project Finance magazine awards

Standard Bank Group has won Project Finance magazine’s 2012 African Mining Deal Of The Year for the USD700m project funding for Konkola Copper Mines Plc. The award recognizes Standard Bank Group’s capabilities and achievements in helping implement KCM’s brownfields expansion project in Zambia’s copper belt to re-establish mining operations, and complete the development of the KonkolaDeep Mining Project. read more

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Standard Bank Group scoops top honour in annual Project Finance magazine awards

Standard Bank Group has won Project Finance magazine’s 2012 African Mining Deal Of The Year for the USD700m project funding for Konkola Copper Mines Plc (“KCM”). The award recognizes Standard Bank’s capabilities and achievements in helping implement KCM’s brownfields expansion project in Zambia’s Copper Belt to re-establish mining operations and complete the development of the Konkola Deep Mining Project. read more

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“Competition from the East is probably the biggest challenge we face.”

Exclusive interview with Powertech CEO Neil Kayton. read more

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Microsoft Introduces the 4Afrika Initiative to Help Improve the Continent’s Global Competitiveness

 

Efforts focus on accelerating adoption of smart devices, empowering small and medium businesses, and up-leveling skills development to ignite African innovation for the Continent and for the world read more

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China-Africa ties deepen as China eyes new markets and moves up value chain

Africa matters more to China than ever before, and vice versa, say Standard Bank Group economists Jeremy Stevens and Simon Freemantle. Despite erosion of the cost competitiveness of China’s exports, expectations that China will sell less manufactured goods to Africa have proven misplaced. read more

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Telecoms journal highlights challenges in the sector

By Thandisizwe Mgudlwa Johan van Huyssteen, PwC Communications Leader for Southern Africa reports that with billions of dollars of international investment flowing in and subscriber numbers rising across the continent, Africa’s communications market is at the inflection point where high potential starts to turn into high growth. And more reports showing that strong growth in the telecommunications sector is being driven by increasing investment, rapid progress in technological and communications services and some deregulation across the African continent. But for many reasons these achievements to date are only just the beginning as Africa’s future potential dwarfs the growth seen so far. These are some of the highlights from PwC’s publication: Communications Review: Telecoms in Africa: innovating and inspiring, recently released in South Africa. This journal examines the issues and challenges facing the diverse companies that comprise the telecommunications industry. The report focuses on a number of matters facing communications companies on the African continent, including the challenges confronting operators in Africa and around the world; a reflection on one of the continent’s highest potential areas of opportunity; and a focus on how CEOs in the communications industry are actively reshaping their go-to-market approaches and business models to boost their organisations’ ability to do more business globally. According to estimates by Business Monitor International-TechKnowledge Group, total combined fixed and mobile cumulative capital expenditure made in Africa is set to grow from $78.8 billion in 2008 to $145.8 billion by 2015. “This rising tide of investment is undergoing an accelerating shift away from investment in fixed-line services and infrastructure, towards mobile,” says Van Huyssteen. As a result, by 2015 the mobile sector will account for over two-thirds – an estimated 68.9%, or $100.1 billion – of cumulative investment in African telecommunications, states the report. Furthermore, the number of mobile operators, excluding MVNOs, rose from 158 in the first quarter of 2008 to 175 at the end of 2010, according to statistics issued by Africa & Middle East Telecom Week, of which 60% are affiliated with the major telecommunication groups. Van Huyssteen says that big opportunities are still to come in the light of the remaining potential for new subscribers which may even be bigger due to multi-Sim behaviour. According to a report in 2011 issued by Gfk Retail and Technology, about one in ten phones sold in the Middle East and Africa are reported to be dual SIMs. Although Africa is commonly characterised as a single marketplace, it is made up of 56 individual countries, and its markets can be considered in some ways more diverse than those of Europe. “Alongside their varying levels of maturity, what further distinguishes African markets are their diverse regulatory structures. Regulation plays a vital role in the development of all communications markets, but especially ones changing and growing as rapidly as those in Africa.
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