Emerging Markets Roundup: Africa

NIGERIA BUILDS BIOFUEL CAPACITY AS ZIMBABWE BRACES FOR ENERGY SHORTAGE   By Antonio Guerrero   The Nigerian government has signed a memorandum of understanding with Global Biofuels, a Nigerian biofuels producer, for the construction of 15 integrated biofuels refineries at ...

Sanusi Fears Impact Of European Crisis

NEWSMAKERS: NIGERIA   By Anita Hawser   Nigerian central bank governor Lamido Sanusi believes the likelihood of European banks going into a major crisis is quite high, and is concerned over the impact on Nigerian oil exports.   Sanusi looks to Asia ...

Emerging Markets Roundup: Africa

NIGERIAN INBOUND INVESTMENT FRAMEWORK IMPROVING   By Antonio Guerrero   Nigerian President Goodluck Jonathan says his administration is reviewing industrial policies to encourage foreign companies exporting finished goods to Nigeria to instead manufacture them locally.   New policies encourage local assembly ...

Emerging Markets Roundup: Africa

SOUTH AFRICA EASES RULES ON FOREIGN OWNERSHIP   By Antonio Guerrero   South Africa’s National Treasury is studying a plan to allow offshore companies traded on the Johannesburg Stock Exchange (JSE), known as inward-listed companies, to be regarded as domestic ...

EM Regional Review: Africa

  AT A CROSSROADS By Jonathan Gregson Africa is at the cusp of major change. Whether that change involves greater economic growth and an improved standard of living depends on both internal and external events over the next few years. ...

Emerging Markets Roundup: Africa

BOOSTING SME AGRICULTURE INVESTMENT   By Antonio Guerrero   The United States Agency for International Development (USAID) has partnered with several non-profit organizations to launch the African Agricultural Capital Fund (AACF).   New fund will stimulate agriculture sector The fund ...

Emerging Markets Roundup: Africa

PUBLIC-PRIVATE PARTNERSHIPS TO FINANCE INFRASTRUCTURE UPGRADES   By Antonio Guerrero   Tanzania plans to invest $742 million by the end of 2012 to tackle its crippling energy deficit.   African energy projects to get PPP boost Under an emergency power rescue ...

Regional Report: Africa

CLOUDY HORIZONS   By Antonio Guerrero   While South Africa is attempting to get out from under its recession, countries in sub-Saharan Africa are dealing with the impact of volatile global oil markets and decreased investment from their neighbor to ...

Daunting Task For New Economy And Finance Minister

NEWSMAKERS: NIGERIA   By Antonio Guerrero   Nigeria’s new economic chief, former World Bank managing director Ngozi Okonjo-Iweala, says she will focus much of her efforts on diversifying her nation’s economy away from overdependence on oil and gas revenues.   ...

Emerging Markets Roundup: Africa

CHINESE INVESTMENT BOOSTS SIERRA LEONE IRON ORE SECTOR   By Antonio Guerrero   China’s Shandong Iron & Steel Group (SISG) takes a 25% stake in Britain’s African Minerals.   Sierra Leone’s iron ore output is becoming the country’s key export ...

Africa: Ethanol May Trigger Food Fight

EMERGING MARKETS ROUNDUP: AFRICA   by Antonio Guerrero     Sierra Leone opts for controversial biofuel production Africa is poised to enter the world’s growing biofuels market. The biotechnology unit at Addax, a Switzerland-based investment firm, plans to open a ...

Emerging Markets Roundup: Africa

INVESTORS FALL FOR AFRICA’S CHARMS   By Antonio Guerrero   Foreign direct investment into Africa will reach $150 billion a year by 2015, according to a May report by global accounting firm Ernst & Young.   Africa’s consumer goods boom ...

World’s Best Banks: Africa Country Winners

Africa Fast-Growing Continent Offers Huge Potential And Significant Risks   Africa is rich in natural resources, including oil and gas and minerals, which are in growing demand as the global economy expands. The continent seems likely to outperform the developed ...