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 ...

Emerging Markets Roundup: Africa

ETHIOPIA POWERS UP GENERATION PLANS   By Antonio Guerrero   Ethiopia in April launched a $4.7 billion project to build Africa’s largest hydropower plant.   Drawing on the power of the Nile Ethiopia in April launched a $4.7 billion project ...

Emerging Markets Roundup: Africa

SENEGAL LANDS SOVEREIGN RATING   By  Antonio Guerrero   Senegal received its first-ever sovereign credit rating from Moody’s in March, as the government prepared to launch its debut $500 million Eurobond.   Reaping the benefits Moody’s granted Senegal a B1 ...

Emerging Markets Roundup: Africa

ROUNDUP: AFRICA   By Antonio Guerrero   Plans for launching a single West African currency by 2015, to be known as the Eco, are being thwarted by members’ failure to meet the program’s criteria.   Zuma: Calling for help Five ...

Regional Focus: East Africa

EAST AFRICA: SUDAN SPLIT RESHAPES EAST AFRICA’S ECONOMY   By Jonathan Gregson   As Sudan prepares to divide into two countries, plans are already under way to help the South develop its substantial oil reserves.   Unless there is a ...

Emerging Markets Roundup: Africa

  ROUNDUP: AFRICA   By Antonio Guerrero   Government incentives are paying off for Zambia's copper sector, with output expected to surpass 740,000 tons this year for the first time, pushing it above the record highs of the early 1970s. ...

Country Report: Angola

ANGOLA: ON THE ROAD TO RECOVERY   By Dan Keeler   Ravaged by a 27-year civil war and buffeted by the recent global financial crisis, Angola has suffered more than its fair share of challenges. Undaunted, its leaders are striving ...

Southern Sudan: World’s Newest Nation

NEWSMAKERS: SOUTHERN SUDAN   By Justin Keay   Sudan, the largest country in Africa and the Arab World—and the tenth largest in the world—is about to get a good deal smaller.   Bold move: Voters decide Southern Sudan's future Preliminary ...

Country Report: Libya

LIBYA: OPENING UP   By Justin Keay   As its economy slowly becomes more open, Libya is attracting the attention of a wider range of potential investors than just adventurous oil companies.   In the old days of the Soviet ...