Emerging Markets: Africa

Roundup   By Antonio Guerrero   Panning for gold: African mines spark investor interest Rising gold prices have sparked renewed interest by foreign investors in African mines. Banro, a Canadian gold miner, expects to close a debt financing deal for ...

Emerging Markets: Africa

Roundup   —Antonio Guerrero   China is extending its access to Africa’s raw materials with a new deal in which it will provide some $7.2 billion in financing to the de-facto government in Guinea, the world’s largest bauxite producer and ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Trade between Africa and China is slowing Africa has emerged as one of the key casualties of the global economic slowdown, after newly released figures show its exports to China plummeted this year. Trade ...

Emerging Markets: Africa

  Roundup   By Antonio Guerrero   Ghana looks to diversify exports beyond cocoa After years of seeing foreign investors flee amid a plummeting economy and political upheaval, Zimbabwe may be about to reverse the outflow with its impending privatization ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Botswana, the world's largest diamond producer, received a $1.5 billion loan from the African Development Bank, marking the bank's largest-ever budget support facility. It is also Botswana's first loan from the development bank in ...

Regulars : EM Roundup Africa

The International Finance Corporation (IFC) estimates less than a quarter of Africans have access to electricity, and those who do pay twice the average retail rate of users in other emerging regions.   By Antonio Guerrero   A report from ...

Emerging Markets : EM ROUNDUP Africa

South Africa’s Standard Bank, Africa’s largest lender by assets, has become the first international financial institution to join the IFC’s $5 billion global trade liquidity program. The program aims to extend loans to regional banks for on-lending to importers and ...

Emerging Markets : Africa

Tsvangirai: Vowed to restore relations with the IMF. The African Development Bank has used its own capital base to create a $1.5 billion trade finance facility that aims to fuel trade and investment in the region. African commercial lenders and ...

Emerging Markets Roundup: Africa

Tsvangirai: Vowed to restore relations with the IMF The African Development Bank has used its own capital base to create a $1.5 billion trade finance facility that aims to fuel trade and investment in the region. African commercial lenders and ...

Emerging Markets : Africa

Zimbabwe has abandoned its "worthless" currency in favor of other currencies such as the US dollar. After years of trying to defend its near-worthless currency, the Zimbabwean government has abandoned foreign exchange and price controls. Zimbabweans will now be allowed ...

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 ...