Africa Archives

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Emerging & Frontier Markets

Emerging Markets : Kenya Calling

AFRICA Kenya's mobile communications industry flourishes following IPO of Safaricom. A June IPO by Kenyan mobile operator Safaricom was oversubscribed by 532%, according to Kenya’s finance minister Amos Kimunya. The government exercised a provision allowing ...

Emerging & Frontier Markets

Cover Story: The Found Continent

AFRICA Long ignored by mainstream investors and corporations, Africa has suddenly found itself in the spotlight. Its resilience in the recent credit crunch is just part of the reason. An oil worker stands on the deck of ...

Emerging & Frontier Markets

Emerging Markets : Food Crisis Shows No Sign Of Abating

AFRICA Kaberuka: Cereal export limits imperil 150 million Africans' lives. Food shortages continue to cause severe disruption in many African countries, prompting the African Development Bank (AfDB) to pledge up to $1 billion in subsidies and grants to ...

Country Report

Features: Troubled Giant

COUNTRY REPORT / NIGERIA Despite vast hydrocarbon reserves and a government committed to economic diversification, Nigeria still faces tremendous problems. A resurgence in its banking sector may help accelerate future progress. Oil is Nigeria’s lifeline, accounting for some 80% ...

Emerging & Frontier Markets

Emerging Markets : Growth Remains Strong But External Threats Increase

AFRICA Botswana's new president, Seretse Ian Khama. Economic growth in sub-Saharan Africa is set to continue strongly this year, according to the International Monetary Fund, which says the region is “better placed today to withstand a worsening of ...

Emerging & Frontier Markets

Emerging Markets : Rwanda Exchange Trading Bonds

DR NEWS Zhaikmunai, an independent oil and gas exploration business based in Kazakhstan, has concluded the first-ever listing of global depositary receipts on the London Stock Exchange by a limited partnership. Zhaikmunai raised $100 million in its offering last ...

Emerging & Frontier Markets

Emerging Markets : Us Agency Backs African Debt Fund

NEWS The Overseas Private Investment Corp. (OPIC), a US development finance organization, has committed up to $100 million in initial funding for a sub-Saharan debt fund to be managed by Standard Bank of South Africa. The Standard Africa Development ...

Emerging & Frontier Markets

EM Investor : African Gdr Issuers Get Credit For Being Remote From Crunch

Dr News African issuers of global depositary receipts could benefit from the fact that they are remote from the effects of the US-centric credit crunch, says Stuart Matty, partner at White & Case, the law firm ...

Emerging & Frontier Markets

EM Investor : Rwanda Exchange Trading Bonds

News The Rwanda Stock Exchange opened for business in the capital city of Kigali at the end of January, but so far the exchange has not traded any stocks. It has listed two government bonds and ...

Country Report

Features: Growth interrupted

COUNTRY REPORT: SOUTH AFRICA Flagging global growth, an ongoing energy shortage and increasing wage and inflation pressures are weighing heavily on South Africa’s economy. In a hole: South Africa's mining industry has been badly affected by recent power ...

News

Features : Banking on Responsibility

Lending Policies / Banking on Responsibility Increasingly, banks are discovering that strict lending policies can be a powerful risk management...

News

Features : Terrorism Insurance / Holes in the Safety Net

Despite the lessons learned in recent terror attacks, companies are still unprotected against the catastrophic losses they could face in...