Africa

INVESTORS FALL FOR AFRICA’S CHARMS   By Antonio Guerrero   Foreign direct investment into Africa will reach $150 billion a year by 2015, according to a May report by global accounting firm Ernst & Young.   Africa’s consumer goods boom ...

Africa Fast-Growing Continent Offers Huge Potential And Significant Risks   Africa is rich in natural resources, including oil and gas and minerals, which are in growing demand as the global economy expands. The continent seems likely to outperform the developed ...

Pause For Thought   By Antonio Guerrero     Recent popular uprisings in North Africa and beyond may be causing China to slow its headlong rush into the continent.   Over the past decade, China has become a key source ...

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 ...

Global Finance Announces Best Banks by Region 2011 NEW YORK, April 8, 2011 – Global Finance magazine has announced its annual awards for the World’s Best Banks in Developed and Emerging Markets. For the first time, the selections will be ...

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 ...

Global Finance names the 2011 World's Best Emerging Market Banks in Africa NEW YORK, March 24, 2011 — Global Finance magazine has named the “Best Emerging Market Banks in Africa” in an exclusive survey to be published in the May ...

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 ...

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 ...

  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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

NEWSMAKERS: SOUTH AFRICA   By Nick Kochan   Johannesburg: Setback after HSBC pull-out HSBC's decision to walk away from its proposed $8 billion acquisition of a controlling stake in South African bank Nedbank is little short of dramatic. Having announced ...