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 ...

Emerging Markets Roundup: Africa

ROUNDUP: AFRICA   By Antonio Guerrero   Electricity goes private Nigeria requires annual investments of up to $10 billion to tackle its infrastructure deficit, according to government officials in Abuja. Much of the investment would be focused on meeting the ...

BIGGEST BANKS IN AFRICA 2010

Global Finance ranks the 10 Biggest Banks in Africa NEW YORK, December 6, 2010 — As the world's key emerging markets continue to drive the global economy out of recession, Global Finance unveils its third annual Global Finance 200, the ...

Emerging Markets Roundup: Africa

ROUNDUP   By Antonio Guerrero   Good to go: Tullow resolves dispute over Uganda's oil fields Uganda moved closer to becoming an oil producer after UK-based Tullow Oil reached an agreement with the government over a tax dispute. Tullow, which ...

Emerging Markets Focus: Africa

COVER STORY: SEA CHANGE   By Jonathan Gregson   Africa's economic prospects have never been better.   Fifty years after British prime minister Harold Macmillan spoke of a wind of change sweeping across the African continent, the sort of development ...

Africa’s Lion Awakens

COVER STORY: KENYA – REBIRTH OF A NATION   By Dan Keeler   With a new constitution, bold economic targets and an ambitious social development strategy, Kenya is determined to become the new star of Africa. All the signs so ...

Emerging Markets Roundup: Africa

ROUNDUP   By Antonio Guerrero   Ghana’s mining sector gets a funding boost from China Ghana has become the leading recipient in sub-Saharan Africa of Chinese infrastructure financing, giving China unrivaled access to the country's commodities sector. Ghana signed a ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Foreign ownership of mines in Zimbabwe challenged by law Zimbabwe's government is continuing its campaign against foreign ownership, insisting that businesses with assets of more than $500,000 must be 51%-owned by black Zimbabweans within ...

Emerging Markets: Africa

ROUNDUP   By Antonio Guerrero   Uneasy balance: Mugabe (right) and Tsvangirai still have issues with power sharing South Africa's state-owned development lender Industrial Development Corporation (IDC) plans to issue bonds and sell an estimated $3.6 billion worth of its ...