Category Archives: Economy
(Reuters) – Nigeria’s Zenith Bank listed $850 million worth of its ordinary shares on the London Stock Exchange as global depository receipts (GDRs) at $6.80 apiece, the bank said on Thursday. One GDR represents 50 ordinary shares, the bank said, … read more »
Posted in Business, Economy, Nigeria, West Africa
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Tagged CNBC Africa, Indepth Africa Magazine, IndepthAfrica, Lagos, London Stock Exchange, Nigeria, Thursday, Zenith, Zenith Bank
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Addis Ababa – Ethiopia’s year-on-year inflation rate fell to 10.3 percent in February from 12.5 percent the previous month, thanks to a sharp drop in the rate of food price rises, official data showed on Wednesday. The Central Statistics Agency … read more »
Posted in Business, Economy, Ethiopia
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Tagged Addis Ababa, Ethiopia, ethiopia addis ababa, ethiopia latest news, Ethiopian, ethiopian news, Ethiopians, Government, Indepth Africa Magazine, IndepthAfrica, January, latest ethiopian news, news ethiopia, Reuters, Wednesday
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Broken record Maarten Mittner African Bank branch Image by: Russell Roberts African Bank has cherished its position as the dominant player in the unsecured lending market but has been forced to change its business model. Maarten Mittner examines the challenges … read more »
Since the onset of the global financial crisis in the third quarter of 2007, emerging markets gained more prominence as they drove economic growth. Investors took an interest in emerging markets, which offered attractive investment opportunities relative to America and … read more »
Posted in Article, Economy, Kenya, Nigeria, South Africa, Zimbabwe
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Tagged Arab Spring, Economic Community of West African States, GROSS DOMESTIC PRODUCT, Indepth Africa Magazine, Paul Kagame, South Africa, Southern African Development Community, World Economic Forum
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Handout A Jan 2013 handout photo of a truck at Nevsun’s Bisha mine in Eritrea. When the Vancouver-based miner initiated construction of Bisha in late 2008, the government ordered the miner to enlist a state-controlled contractor called Segen Construction for … read more »
Posted in Business, East Africa, Economy, Eritrea
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Tagged Asmara, Bisha, erirea news, erirean news, Eritrea, IndepthAfrica, Nevsun, Nevsun Resources, Politics of Eritrea, Segen, Vancouver
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Ethiopian inflation dropped in December to 12.9 percent year-on-year, its lowest rate of 2012, official data showed on Wednesday. The government had targeted single-digit inflation in 2012, something it now hopes to achieve this year. Inflation, which has been billed … read more »
Posted in Djibouti, East Africa, Economy, Eritrea, Ethiopia
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Tagged December, Economic growth, Ethiopia, Ethiopia news, ethiopian news, Horn of Africa, Indepth Africa Magazine, Inflation, International Monetary Fund, November
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November 8, 2012 by benim
By Desné Masie There’s been a lot of talk these past few months about Africa Rising, for whom and what for. But it’s kind of difficult for the average person to look beyond the sentiment and “promising statistics” to put … read more »
By Lionel Badal ising demand fuelled by emerging countries, most notoriously China and India, has led to increased competition for natural resources. Despite recurrent volatility in the markets, the trend is a rise in prices, oil being the prime example. … read more »
Posted in Article, Business, DR Congo
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Tagged Democratic Republic of Congo, Dodd–Frank Wall Street Reform and Consumer Protection Act, EITI, European Union, Extractive Industries Transparency Initiative, Indepth Africa Magazine, IndepthAfrica, United States, US Securities and Exchange Commission
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NEXT BIG MARKET: Africa is the only region in the world where growth is accelerating, writes Chrystia Freeland Women selling food in a market in Lagos, Nigeria. The African continent is quietly remaking itself and is possibly on the way … read more »
Posted in Article, Business
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Tagged Asia, China, GROSS DOMESTIC PRODUCT, Indepth Africa Magazine, IndepthAfrica, IndepthAfrica news, Industrial Revolution, Mohamed A. El-Erian, Stephen Jennings, United States
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Ethiopia is growing fast, but its mobile and electronic payments infrastructure is weak. Is it time for a more liberal approach to foreign investment? Ethiopia appears to be doing something right. One of the world’s five fastest growing economies in … read more »
Posted in Article, Business, Ethiopia
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Tagged Addis Ababa, African Development Bank, Ethiopia, Ethiopian Telecommunication Corporation, Foreign direct investment, France Télécom, Indepth Africa Magazine, IndepthAfrica, Middle East
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By J C Suresh, IDN A new report by the World Bank highlights the resilience of African economies despite global slowdown caused by the Euro-zone crisis and decline in growth in emerging economies, particularly China – an important market for … read more »
Posted in Article, Business
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Tagged Eurozone, Indepth Africa Magazine, IndepthAfrica, IndepthAfrica world news, Pulse, Sahel, Sierra Leone, sub-Saharan Africa, Urbanization, World Bank
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Marthe Van Der Wolf (VOA) Young members of the Ethiopian diaspora are returning in large numbers to their country of birth. The Ethiopian government welcomes the impact these returnees could have on the economy. There are about 3 million Ethiopians … read more »
Marathon Oil said Wednesday day that its subsidiary Marathon Ethiopia Limited B.V. has entered into a sale and purchase agreement with Agriterra Limited to acquire their 20 percent working interest in the South Omo concession in Ethiopia with an effective … read more »
Posted in Business, Ethiopia
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Tagged Debub Omo Zone, Ethiopia, IndephtAfrica, Indepth Africa Magazine, IndepthAfrica, Kenya, Marathon Oil, Tertiary, Tullow, Tullow Oil
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“It has been a long struggle for women in business, which is far from over. History even records the first woman to work in an office in Johannesburg. It was in 1894, screens were put up around her because it … read more »
Posted in Business, Daily News Wrap, Economy, News
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Tagged Africa Countries, africa facts, africa for kids, africa karl wolf, africa lyrics, Africa news, africa news today, africa song, africa toto, african food, African History, Chris Bishop, Forbes, Forbes Africa, Indepth Africa Magazine, IndepthAfrica, Johannesburg, People, reuters africa news, Twitter, Women
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HE flow and size of Chinese investments in the Australian resources sector are tapering off as Canada and Africa prove more attractive cash destinations. There have been only eight deals involving Chinese companies this year, half the level of two … read more »
Posted in Business, Economy, World News
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Tagged afria travel, Africa news, East Africa, Indepth Africa Magazine, IndepthAfrica, india south africa, map africa, map of africa, news, South Africa, travel to africa, West Africa
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Nigeria’s naira currency eased further against the dollar on the interbank market on Wednesday, to its weakest level since Dec. 29, as demand for the dollar outpaced supply, traders said on Wednesday. The naira was trading at 163.05 to the … read more »
South Africa’s rand hit a fresh six month low against the dollar early on Thursday before recouping some of its losses but could resume a slide towards 8.6 as Europe’s debt woes drive investors away from emerging market assets to … read more »
Posted in Business, Economy, South Africa, Southern Africa
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Tagged april, Basis point, Central bank, Emerging markets, Gill Marcus, IndepthAfrica, South Africa, Thursday, Wednesday
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Tiger Brands Ltd. (TBS), South Africa’s largest food company, said expansion into the continent remains a priority as the company increased external investments in the first half. “The expansion into new markets, primarily in the rest of the African continent, … read more »
Posted in Business, Economy, News
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Tagged Gordhan, Indepth Africa Magazine, IndepthAfrica, Johannesburg, Nelson Mandela, percentage, South Africa, TBS, Tiger Brands
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The Kenyan shilling fell against the dollar on Monday dragged down by end-month importer demand for the greenback and traders said risk-averse investors moving into the U.S. currency could weigh further on the local currency. At 0745 GMT, commercial banks … read more »
Posted in Business, East Africa, Economy, Kenya, News
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Tagged Africa news, bbc news, citizen tv kenya news, IndepthAfrica, Kenya Airways, kenya news agency, kenya news today, kenya news update, ntv kenya, ntv kenya news
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African Markets – Factors to watch on May 21 Mon May 21, 2012 4:52am GMT Print | Single Page [-] Text [+] The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African … read more »
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: KENYA-The central bank offers 2 billion shillings of 91-day Treasury bills at auction. … read more »
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – EVENTS: KENYA-The central bank offers 2 billion shillings of 182-day Treasury bills at auction. … read more »
Posted in Business, Economy, News
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Tagged Africa Countries, africa facts, africa for kids, africa karl wolf, africa lyrics, africa song, africa toto, african food, Botswana, Indepth Africa Magazine, IndepthAfrica, Kenya, Macky Sall, MTN Group, Nigeria, South Africa
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – EVENTS: *KENYA – Energy Regulatory Commission issues its monthly fuel price review, which stays … read more »
Posted in Business, Economy
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Tagged African countries, African culture, african cup nations 2010, african language, african lion safari, african music, african names, Angola, Indepth Africa Magazine, Lord's Resistance Army, Nigeria, South Africa, Sudan, Tanzania
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As Africa continues its strong economic growth, a growing number of German companies are looking at investing in the continent amid growing international competition for Africa’s resources and markets. German firms are increasingly doing business in Africa. The German-African Business … read more »
Posted in Business, Economy, News
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Tagged afria travel, African people, China, Germany, Ghana, Indepth Africa Magazine, IndepthAfrica, india south africa, map africa, map of africa, news, Nigeria, Siemens, South Africa, ThyssenKrupp, travel to africa
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: KENYA – Central Bank of Kenya auctions 91-day Treasury bills worth 2 billion … read more »
Africa’s richest man, Aliko Dangote, may be planning to sell off his controlling stake in his flour milling business, Ventures Africa has reported. The Nigerian commodities tycoon is currently in talks with South African consumer goods giant, Tiger Brands over … read more »
Posted in Business, Economy, Hottest News, News, Nigeria, West Africa
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Tagged afria travel, Aliko Dangote, Cement, Indepth Africa Magazine, IndepthAfrica, india south africa, Johannesburg, map africa, map of africa, news, Nigeria, South Africa, sub-Saharan Africa, Tiger Brands, travel to africa
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Africa Oil Corp. surged to the highest point in more than 15 years after the exploration company found additional oil in Kenya. The shares closed at $7.82 on Monday in Toronto. Africa Oil had earlier increased to $8.47, the highest … read more »
Posted in Business, Economy, News
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Tagged afria travel, Great Rift Valley, Indepth Africa Magazine, IndepthAfrica, india south africa, Kenya, map africa, map of africa, news, South Africa, Tanzania, toronto, travel to africa, Tullow, Tullow Oil, Uganda
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – - – - – EVENTS: MAURITIUS – Mauritius to release its annual average inflation rate . Inflation slid … read more »
Posted in Business, Economy
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Tagged afria travel, Central bank, European sovereign debt crisis, Friday, Indepth Africa Magazine, IndepthAfrica, india south africa, Jakaya Kikwete, map africa, Monday, news, Seychelles, South Africa, travel to africa, United States
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Most people seem to think that intra-African trade could be substantially larger than it currently is. This would explain the recent statement of the heads of the African Union to “boost” intra-African trade substantially and to create an Africa-wide Free … read more »
Posted in Business, Economy, Ghana, News, Nigeria, West Africa
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Tagged afria travel, Africa news, African Union, East Africa, Economic Community of West African States, ECOWAS, Ghana, Indepth Africa Magazine, IndepthAfrica, india south africa, map africa, map of africa, news, news in africa, Nigeria, North Africa, Regional Integration, South Africa, travel to africa, West Africa
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Thu May 3, 2012 1:53am EDT The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: KENYA – The central bank meets to … read more »
Posted in Business, Daily News Wrap, Economy, News
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Tagged afria travel, Africa news, africa news today, African news, BBC Africa, bbc africa news, BHP Billiton, East Africa, Ghana, Indepth Africa Magazine, IndepthAfrica, india south africa, Kenya, latest africa news, map africa, map of africa, news, news 24, news in africa, Nigeria, North Africa, South Africa, south african news, South Sudan, Sudan, travel to africa, Uganda, United States, West Africa
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