The latest Africa Pulse study by the World Bank predicts that Africa's medium term growth prospects are strong
Sectors - Stock Market
The African Investment Bank is set to boost the African economy with an influx of cash for investors and businesspeople
As a new phase of investment and growth is heralded in by the Somali territories, the foundations are already being laid for the country to have its own stock exchange. The plans are welcomed and discussed here by Abdirashid Duale, the Chief Executive Officer of Dahabshill Group
African CEOs are more confident about growth than CEOs in South Africa, and are likely to expand their companies this year.
Heritage Oil has reached an agreement to acquire a 45 percent interest in OML 30 fields to expand its footprint in Africa
In a bid to help stabilise the economy of the African state, following a substantial devaluation, Britain is to buy up £20 million worth of Malawian currency
South African Revenue Service says that large multinationals are using illegal tax reducing measures
More than 250 projects in discussion at India-Africa Forum summit
Survey by Economist Intelligence Unit reveals that institutional investors view the continent as the best place to invest
Standard Bank research says 40 percent of trade could be denominated in Chinese renminbi by 2015
Africa's biggest bourse sacks head of its equity derivatives business
Report by Economist Intelligence Unit states sub-Saharan countries will enjoy growth before the end of the decade
South Africa named most valuable nation brand in continent's first league table
While most of the world has been reeling from the global economic meltdown, investment in Africa has quietly been getting on with business
Planning and strategy, risk management and corporate governance is all in a day's work for the CFO of the future
Nigeria’s Securities and Exchange Commission (SEC) has sacked the Director General of the Nigerian Stock Exchange, Ndi Okereke-Onyuike. It has also suspended its President, Aliko Dangote, ranked by Forbes as one of the richest men in Africa, along with other council members while a related court case is pending.
The rules for the new “bad bank” plan were laid out yesterday. Under the new plan, bad loans will be moved to a "bad bank" mechanism, a mechanism funded by contributions from the central bank and financial institutions. Over the next decade, the central bank and financial institutions will be expected to provide $10 billion dollars to the fund.
The JSE SRI Index is a broad-based triple bottom line and governance index that employs a broad range of listing criteria. The criteria reflect global SRI standards while accommodating issues peculiar to South Africa, such as Black Economic Empowerment.
Under the new listing requirements of the Johannesburg Stock Exchange, listed companies will, for all year ends commencing on or after 1 March 2010, have to produce an integrated report or explain why they are not.
New York-based asset management firm, Nile Capital Management, has in-depth investment expertise that covers the entire African continent.
The move by Wilderness Holdings, which builds sustainable conservation economies through responsible tourism, follows a private placing with 28 million ordinary shares issued at a price of BWP4.00 per share, and a public offer with 3 million shares issued at a price of BWP4.00.
As of February 12, 2010, Oppenheimer is South Africa’s highest-ranking billionaire at No. 154. He made his $5 billion fortune from the De Beers diamond mining company and its subsidiary, the Diamond Trading Company. He also has a large financial interest in the diversified mining company Anglo American.
The Reserve Bank's Monetary Policy Committee (MPC) was expected to keep interest rates unchanged at 7 percent, economists said. “We are still expecting it to remain unchanged. There is limited space for movement. Rates are likely to remain steady," said Nedbank economist Carmen Altenkirch this week.
South African equities retreated as concerns over global growth saw investors spurn riskier assets a day after stocks hit a near 19-month high, while the rand succumbed to dollar strength and a lower gold price.
African Business Review can exclusively reveal that South African bourse operator JSE Ltd plans to launch a separate board for black economic empowerment schemes to make trading between black investors more "transparent".
Transactions in the market were influenced by profit taking/loss cutting by investors. Consequently, the market recorded a turnover of 7.86 billion shares valued at N54.1billion in 133,112 deals in February in contrast to a total of 8.63 billion shares valued at N48.65 billion exchanged during January in 302,901 deals.