Africa

Global Finance names the 2012 World's Best Corporate/Institutional Internet Banks in Middle East/Africa NEW YORK, July 27, 2012 – Global Finance has announced the First Round winners in the "World's Best Internet Banks" competition in Middle East/Africa. This is the ...

Global Finance names the 2012 World's Best Consumer Internet Banks in Middle East/Africa NEW YORK, July 20, 2012 – Global Finance has announced the First Round winners in the "World's Best Internet Banks" competition in Middle East/Africa. This is the ...

AFRICA UNBOUND   By Antonio Guerrero   Arnold Epke, group CEO at Ecobank, a pan-African bank founded in 1985 and with a presence in 32 countries, shares his insights on Africa's past, present and prospects.   Global Finance : How will ...

TIME FOR CHANGE   By Antonio Guerrero   Nigeria holds great promise with its massive oil reserves, but endemic corruption, unfettered militant attacks on pipelines and lack of regulatory clarity could halt progress in its tracks.   When the Nigerian ...

FEELING THE EFFECTS OF ECONOMIC CONTAGION   By Antonio Guerrero   The Africa Finance Corp, a multilateral finance institution based in Nigeria, says it has a pipeline of sub-Saharan investment projects worth $3 billion over the next year. The AFC ...

NEWSMAKERS: ZIMBABWE   By Valentina Pasquali   After targeting the lucrative mining sector, Zimbabwe's indigenization minister Saviour Kasukuwere is now ramping up pressure on foreign banks operating in the country to hand over 51% of their shareholdings to indigenous Zimbabweans as ...

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, ...

SABMILLER MAKES MORE AFFORDABLE LOCAL BEER   By Antonio Guerrero   The UK’s SABMiller, the world’s second-largest brewer, plans to invest up to $2.5 billion in Africa over the next five years to build new breweries and revamp existing ones to ...

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 ...

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. ...

LAND OF OPPORTUNITY   By Antonio Guerrero   A number of African markets may be on the verge of massive growth—fueled by a rising consumer class.   Given the long-standing reputation for political and economic volatility in some African markets, ...

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 ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   More than 2,600 mergers and acquisitions worth $149 billion were announced in the global mining industry last year.   They represented an increase of 33% from 2010, making 2011 the ...

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 ...

Global Finance names the World’s Best Emerging Market Banks 2012 in Africa NEW YORK, March 20, 2012 — Global Finance magazine has named the “Best Emerging Market Banks in Africa” in an exclusive survey to be published in the May ...

Global Finance Announces the Best Banks by Region 2012 NEW YORK, March 20, 2012 – Global Finance magazine has announced its annual awards for the World's Best Banks in Developed and Emerging Markets. The list of regional winners is on ...

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 ...

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 ...

EXPANDING PRODUCT LINES AT ZAMBEEF   By Gordon Platt   Zambeef Products of Zambia is one of the largest agribusinesses in Africa, with more than 4,000 employees. In June 2011, it became the first Zambian company to list on the London ...

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 ...