Emerging Markets : Africa

AFRICA     Leaving a hole: Foreign firms have shut down Zambian mines as ore prices plummet Guinea’s military leaders chose former banker Kabine Komara as the new prime minister, tasked with coordinating a return to civilian rule after last ...

Emerging Markets : Crisis Starts To Bite Harder

AFRICA     Manuel: Rand's slide will help the country balance its books. Johannesburg-based AngloGold Ashanti, Africa’s largest gold producer, hopes to refinance a $1 billion convertible bond before Christmas, despite current market conditions that have all but closed the ...

Features : An Uphill Battle

AFRICA Regional trading groups are struggling to boost intra-regional trade flows in sub-Saharan Africa.   Illicit trade continues to flourish in Southern Africa, with smuggled goods totaling an estimated $50 billion a year. Fears of a global recession and a ...

Cover Story: African stepping up

AFRICAN INFRASTRUCTURE FINANCE Sub-Saharan Africa’s economic development is still constrained by a historic dearth of infrastructure investment. Private sector investors might be able to provide the hitherto missing link.       Controversial development: Dams such as the Kariba on ...

Emerging Markets : Zimbabwe’s Zero-Sum Game

AFRICA     All change: Zimbabwe's coins have value again. With hyperinflation eroding the nation’s economy, Zimbabwe’s government is taking desperate measures. It lopped off 10 zeros from the Zimbabwe dollar, as inflation is now running at 2.2 million percent ...

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 ...

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% ...

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 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 ...

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 ...