Saturday, November 23African Digital Business Magazine

Tag: investments

Egypt heads the Africa hotel development top ten
Africa Travel, Egypt News

Egypt heads the Africa hotel development top ten

With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase (ignoring recent openings and taking in to account deals that have not come to fruition) of almost 11,000 rooms in the pipeline, 17% up on 2018. W Hospitality Group’s Hotel Chain Development Pipelines in Africa survey had a record 43 international and regional hotel contributors t...
Main

An inter-connected African aviation industry could deliver USD $29bn in direct revenue

AviaDev, Africa’s premier event dedicated to developing connectivity to, from and within the African continent, in conjunction with partners, MIDAS Aviation and Futureneers Advisors have estimated the potential revenue from new African aviation routes could yield USD $29bn in direct revenue. This revenue, which is more than the individual GDP’s of 70% of the countries in Africa, could be realised if the largest airports in each African country are connected with one another.  Currently, only 33.7% of this huge market is served, meaning that there is over USD $19bn in untapped annual revenue. AviaDev, now in its fourth year brings together airports, airlines, tourism bodies and suppliers and customises one-to-one meetings so that new partnerships and routes can be created.  AviaDev’s manag...
Trends and Events in Africa 2018
Egypt News, Energy, Eritrea News, Ethiopia News, Ghana News, Green Energy, Kenya News, Main, Namibia News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Rwanda News, Somalia News, South Africa News, South Sudan, Togo News, Zimbabwe News

Trends and Events in Africa 2018

by Johan Burger 2018 has been an interesting year for Africa, with various events and trends becoming visible. 2016 saw the effects of the slowdown of China’s economic growth due to its rebalancing of its economy and the end of the commodity price super cycle. 2017 brought some relief. In Africa, 2018 demonstrated a number of continued trends, but also some new events. The NTU-SBF Centre for African Studies publishes a weekly newsletter. These were studied to pick up on the trends prominent in 2018. Some of these trends are more elaborate than others. Trend 1: Foreign Investment in Africa Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we are also seeing new entrants or countries...
Friday@Noon on Economic Development in Africa: 2018
Angola News, Botswana News, Kenya News, Main, Nigeria News, Rwanda News, South Africa News, Zambia News

Friday@Noon on Economic Development in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The year 2018 saw numerous cases of economic development on the African continent. This would include trade, etc. Africa The US$2 trillion-plus Sub-Saharan Africa economy continues to strengthen from a low point in 2016, thanks to domestic policy adjustments and improved global economic activity. Growth is projected to increase from 2.7% in 2017 to 3.1% in 2018. With the exception of SSA’s two biggest markets (Nigeria and SA), the rest of SSA has grown at 5.3% on average in the period spanning 2010-17, but with wider heterogeneity across countries. Hence, there are plenty opportunities for dedicated investors. The regi...
Friday@Noon on Foreign Investment in Africa: 2018
Business, Egypt News, Energy, Main

Friday@Noon on Foreign Investment in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we are also seeing new entrants or countries that are making a comeback. The countries identified below are also not meant to be the only investors, but have been noted in the general media. China in Africa China has been quite active in Africa for the past number of years. In addition to participating in infrastructure development contracts, it has also been financing a lot of Africa’s debt. It is still Africa’s largest trade partner. A prominent development is...
Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...
Friday@Noon on the Horn of Africa: 2018
Djibouti News, Eritrea News, Ethiopia News, Main, Somalia News, Sudan News

Friday@Noon on the Horn of Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The Horn of Africa has increasingly become the scene of activity, driven not only by players in the region, but also from abroad. For the purposes of this paper, Sudan will be included as part of the Horn. Sudan In 2018, and before, we have seen Russia, Britain, Turkey, Saudi Arabia, Qatar and the UAE becoming active in Sudan. The question is whether this is a short-term phenomenon or are we seeing a trend that will grow in the future? As it is, China is Sudan's biggest trade partner, importing oil from Sudan while exporting low cost items as well as armaments to Sudan. China’s footprint in Sudan has grown exponentiall...
Investing in Africa: An Outlook on Nigeria and Ethiopia
African News, Ethiopia News, Main, Nigeria News

Investing in Africa: An Outlook on Nigeria and Ethiopia

Itumeleng Mukhovha, an associate in the Corporate/M&A practice at Baker McKenzie in Johannesburg One can easily assume that international investors are deterred from investing in Africa given the growing need to weather a global financial crisis, which has been distorted by Brexit, rising geopolitical tensions, tightened global liquidity conditions, leveraged loans and sketchy debts that continue to riddle bank systems, idiosyncratic governments and the bond yield curve that is trending toward inversion. However, this is not the case. Conversely, the global financial crisis and the desperate search for growth, yield and solvency has led investors to pay more attention to emerging markets in Africa, and in particular frontier markets with favourable growth paths, moderate debt levels an...
Business, Main

Why Invest In Chicken Production in Africa

Living in a Sub-Saharan can be a lot harsh. In a country full of barren lands it can be hard to relocate a source of protein, making a product like chicken hard to come by as the people of general cannot afford it, making it available to only a specific line of affluent people. Why is it difficult As mostly unexplored the Sub-Saharan hold potential opportunities for development that is if operated properly. Maybe we will see Africa fully independent and fully developed in the days to come. But life in the Sub-Saharan does not favor its occupants. The majority of the people live under the poverty line making it difficult for them to purchase a product like chicken. Poultry is a necessary source of protein in a place like Sub-Sahara. So living under the poverty line does not help when protei...
Angola: The grace period is over for João Lourenço; It is now time for effective action
Angola News, Main

Angola: The grace period is over for João Lourenço; It is now time for effective action

Angola’s economic troubles began in 2014 when global crude oil prices dipped and severely hampered the government’s ability to generate revenue João Lourenço has been president of Angola since 26 September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister, and the vice-president, Manuel Vicente, most other ministerial posts had not changed from the previous administration. Despite promises to diversify the economy and fight corruption, which he has described as a scourge on society, his actions so far appear contradictory to his publicly-voiced intentions and declarations past and present. Loure...