russia Archives - AfricaBusiness.com

4Sep

By Africa BusinessNo Comments

African News

However, Russia is cautious in West Africa

By Cheikh Mbacké Sene Expert in economic intelligence and sensitive communication - Economic analyst Russia is seeking to escape international isolation following its invasion of Ukraine and is turning to an Africa that is increasingly inclined towards cooperation alternatives. That's good, each party seems to have to offer what the other is looking for. But still at what price and what conditions, not to repeat the model that the continent has developed with its historical partners in 60 years and considered so far "unbalanced"? And how to apprehend a calculating and fairly cautious Russia that does not respond blindly to the "calls" of the military juntas in power in at least four ECOWAS countries? Economic partnership in the sectors of raw materials such as agriculture and hyd...

10Apr

By Johan BurgerNo Comments

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 Foreign Investment in Africa: 2018

10Apr

By Johan BurgerNo Comments

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...

12Nov

By Africa BusinessNo Comments

African News, Nigeria News, South Africa News

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

15Oct

By Africa BusinessNo Comments

African News, South Africa News

BRICS Countries: Delayed Reforms are Jeopardising Positive Development

BERLIN and RIO DE JANEIRO, October 15, 2012 /PRNewswire/ -- Growth alone will not resolve problems if emerging markets do not change at the same time Contrary to the forecasts of success in recent years, the 'BRICS' (Brazil, Russia, India, China and South Africa) are greatly in need of reform in key political areas. At the same time, their political systems often lack the capacity to reform, which is jeopardising future growth potential. A large-scale international comparative study by the German Bertelsmann Stiftung also comes to the same conclusion. The urgency of the problem and the capacities for reform vary significantly between the five countries. By comparison, Brazil has the most promising future prospects. Here, major reforms, for example in the fight against poverty a...

8Oct

By Africa BusinessNo Comments

African News

Despite Global Slowdown, African Economies Growing Strongly― New Oil, Gas, and Mineral Wealth an Opportunity for Inclusive Development

WASHINGTON, October, 2012 – Sub-Saharan Africa is expected to grow at 4.8 percent in 2012, broadly unchanged from the 4.9 percent growth rate in 2011 and largely on track despite setbacks in the global economy, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6 percent. African exports rebounded notably in the first quarter of 2012, growing at an annual pace of 32 percent, up from the -11 percent pace recorded in the last quarter of 2011. African countries have not been immune to the recent bout of market volatility stemming from the Euro Area crisis, as well as the growth slowdown that is occurring in some ...