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Economics, Policy & Regulation

CEMENTING REGIONAL TIES

AFRICA 2014 | UNITY Africa’s dream of greater economic unity is gradually becoming a reality, with plans to establish a free-trade area spanning eastern and southern African countries well under way. Yet it could take time for the associated economic and trading benefits to play out.

Emerging & Frontier Markets

DESTINATION: AFRICA

AFRICA 2014 | TOURISM SECTOR Despite setbacks, Africa’s tourism industry is an increasing driver of economic development across the continent.

Banking

ELEVENTH-HOUR RESCUE FOR SHADOW-BANKING PRODUCT

MILESTONES | CHINA China Huarong Asset Management, a bad bank set up during the credit bust of the 1990s, has turned out to be the mystery investor that bailed out shadow-banking product Credit Equals Gold No. 1.

Economics, Policy & Regulation

ELUMELU RETURNS TO UBA TO CONSOLIDATE AFRICA GAINS

NEWSMAKERS | POLAND Tony Elumelu, former managing director and CEO of United Bank for Africa, returned to the bank in late August as chairman, following his appointment by the shareholders.

News

GOOGLE INNOVATOR TAKES SKILLS TO WASHINGTON

NEWSMAKERS | UNITED STATES The technology community has warmly welcomed the appointment of Megan Smith as the next chief technology officer of the US.

Economics, Policy & Regulation

INDEPENDENCE VOTE MARKS THE RETURN OF GORDON BROWN

NEWSMAKERS | UNITED KINGDOM From Washington to Madrid, there was a collective sigh of relief breathed around Western capitals when Scottish voters decided by a majority of 55% to reject the call for independence and remain part of the United Kingdom. For all those who did not want Scotland to secede, an unlikely hero had emerged in the form of Gordon Brown.

Economics, Policy & Regulation

JAPAN AND INDIA OPTIMISTIC ABOUT FUTURE RELATIONSHIP

MILESTONES | JAPAN Japanese prime minister Shinz Abe greeted his Indian counterpart, Narendra Modi, in late August in the city of Kyoto, where the two leaders toured temples and posed for pictures before returning to Tokyo for four days of diplomatic talks.

Emerging & Frontier Markets

KHAN PUSHES FOR PM’S RESIGNATION

NEWSMAKERS | PAKISTAN After an eventful career as an international cricket star, Imran Khan Niazi embraced politics in Pakistan 17 years ago, an environment dominated by religious and fervent groups. Gaining prominence when his party, Pakistan Tehreek-e-Insaaf (PTI), captured 7.7 million votes in last May’s elections to become the third-largest faction in parliament...

News

MADE IN AFRICA, FOR AFRICA

AFRICA 2014 | INTRODUCTION Though Africa has experienced impressive growth for well over a decade now, domestic markets and intraregional economic relations have remained constrained, with national economies driven primarily by mounting foreign demand for the continent’s natural resources and commodity exports.Today, however, things appear to be changing. For one thing, Africa is witnessing the emergence of a middle class.

News

News

CEMENTING REGIONAL TIES

DESTINATION: AFRICA

ELEVENTH-HOUR RESCUE FOR SHADOW-BANKING PRODUCT

ELUMELU RETURNS TO UBA TO CONSOLIDATE AFRICA GAINS

GOOGLE INNOVATOR TAKES SKILLS TO WASHINGTON

INDEPENDENCE VOTE MARKS THE RETURN OF GORDON BROWN

JAPAN AND INDIA OPTIMISTIC ABOUT FUTURE RELATIONSHIP

KHAN PUSHES FOR PM’S RESIGNATION

MADE IN AFRICA, FOR AFRICA

NEW PM A RELATIVELY UNKNOWN QUANTITY

POWERING UP GROWTH

REGION REMAINS A SWEET SPOT FOR PRIVATE EQUITY