Company to Watch: Mr Price / South Africa

RETAILER EXPANDS IN NIGERIA   By Gordon Platt   Mr Price Group has developed a successful retail formula in South Africa that could work well in markets across Africa.   The majority of Mr Price’s 1000-plus stores are in South Africa, ...

Emerging Markets Roundup: Africa

PLATINUM MINING PROJECT PROMISES BIG REWARDS   By Antonio Guerrero   South Africa’s state-owned Industrial Development Corporation (IDC) has entered into a $420 million public-private partnership to develop a mine that could become one of the world’s largest platinum producers over ...

World’s Best Banks 2012: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt AFRICA Not only is Africa rich in natural resources, but it also offers the promise of fast economic growth in a number of countries, and a population lacking basic banking services. ...

Emerging Markets Roundup: Africa

SOUTH AFRICAN MINING TO GET VENTURE CAPITAL INCENTIVES   By Antonio Guerrero   South African finance minister Pravin Gordhan will grant a major venture capital incentive for SME mining companies.   South Africa: Investing in small mining operations South African finance ...

Nigerian Candidate Breaks The World Bank Mold

NEWSMAKERS: GLOBAL   By Luca Ventura   When Robert Zoellick announced in February that he would leave the World Bank in June, at the expiration of his five-year term as president, initial speculation over his possible successor revolved around the usual ...

Emerging Markets Roundup: Africa

SA-SWAZILAND RAILWAY LINK (FINALLY) GETS THE GREEN LIGHT   By Antonio Guerrero   Transnet, South Africa's state-owned transit and logistics company, and Swaziland Railway have joined forces to complete a $2.2 billion railway linking their two countries, a plan under ...

Country Report: Morocco

TURNING POINT   By Michael Shari   One of Africa's most vibrant economies is in the midst of a high-stakes political transition that will determine whether it continues on a path of reform or contends with the type of backlash that shook ...

Country Report: Angola

LAND OF OPPORTUNITIES   By Dan Keeler   The improving economic and investment environment makes Angola a tempting target for foreign direct investors. But changes aimed at improving the business environment and building infrastructure must move forward before the country ...

Mezouar Takes His Post As Opposition Leader

NEWSMAKERS: MOROCCO   By Michael Shari   Minister until recently in the reigning government's cabinet in Morocco, Salaheddine Mezouar is now the official leader of the opposition party in the country's parliament.   Making his vote count: As opposition leader, ...

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. ...