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Africa must get real about Chinese ties
Leading Africans are finally getting tough with China. They are becoming increasingly concerned that economic engagement with China comes at a price – and that the price is sometimes too high. The...
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Corporate watch: Azalai Hotels, a Malian multinational
A multinational from Mali sounds like a contradiction in terms. But the Azalai Hotels chain is just that. Businessman Mossadeck Bally got into hotels 20 years ago. He now presides over a chain of six...
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Guest post: the 3 key ingredients for sustaining Africa’s growth
By Tony Elumelu Africa’s growth continues to make headlines at home and abroad. But while the continent has made impressive gains at a macro level, those gains have been slow in creating jobs and...
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Africa: AU advances tourism tax plans despite concerns about travel industry
It was quite an occasion for leaders from over 50 African countries when they met a few days ago to celebrate the Organisation of African Union/African Union’s 50th anniversary. But behind the golden...
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Africa: AfDB seeks investors for infrastructure fund
By Eleanor Whitehead and Paul Wallace As far as statistics on Africa’s economic woes go, few are more commonly cited than those on the yawning infrastructure deficit. Here’s one that’s as good as any:...
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Guest post: memo to Obama – what Africa really needs is industrial partnerships
By Ivor Ichikowitz of Paramount Group Africa’s time is now but its full potential can only be unleashed by those brave enough to forge true partnerships. As economies stumble and fail around the world,...
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African growth: leaving the poor behind?
Africa’s impressive economic growth over the last decade has so far failed to reduce poverty, according to one of the largest surveys ever carried across the continent. The Afrobarometer survey, which...
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Davos 2014: debunking two of Africa’s growth myths
Africa needs infrastructure above everything else, but doesn’t have enough finance. True? Not quite, perhaps. Prior to a Davos debate on investment challenges in Africa, Ben Kruger of Standard Bank...
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India-Africa: a burgeoning commercial axis
Indian investors may be gloomy about their domestic economy after a sharp slowdown in growth to less than 5 per cent a year, but they seem to have lost none of their enthusiasm for Africa’s emerging...
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A new frontier: Africa’s “explosive” homebrew market
In the 1980s Yvonne Chaka Chaka released a hit single called Umqombothi, the Xhosa word for homebrew beer. The song described the virtues of the traditional maize or sorghum-based brew that is often...
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From ‘Africa rising’ to ‘Africa watching’
By Javier Blas and Andrew England Africa attracts monikers from international policymakers – and the odd journalist. It was the “Hopeless continent” in the late 1990s when economic growth was anaemic...
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Guest post: Africa’s time is now for hesitant US corporates
President Obama’s US-Africa Business Summit in August drew a top-notch group of African heads of state, business leaders, financiers, and ministry officials. But did the event bring in new potential...
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Guest post: data is Africa’s most valuable commodity
By Aubrey Hruby of the Atlantic Council and Eliot Pence of McLarty Associates Last month’s US-Africa Leaders Summit ushered in a new era in US policy towards Africa. Bringing together nearly 50 heads...
View ArticleAfrican local bonds – an untapped opportunity?
African dollar bonds are increasingly gaining mainstream acceptance as the continent’s brisk economic growth and low interest rates in the developed world help buoy demand for high-yielding debt. The...
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Uganda joins African wave of GDP rebasing and gets 13 per cent boost
Uganda has become the latest African nation this year to re-calculate the size of its economy and reveal a much greater gross domestic product, following Nigeria and Kenya. Following a statistical...
View ArticleTanzania joins Africa’s great GDP revision
Tanzania has become the third east African country in as many months to discover the size of its economy is bigger than previously thought, benefiting from a surge of investment from gas explorers....
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Guest post: spread of internet transforms Africa
By Costanza Gallo, TEDxRoma Internet penetration in Africa is transforming business and society – as well as enabling the fight against diseases such as Ebola – at vastly different speeds across the...
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How the US Fed may affect African currencies
By Neville Mandimika, Atria Africa Since Ben Bernanke suggested that the US Federal Reserve was starting to consider slowing down its asset purchase program (QE), markets have been trying to price this...
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Incomplete public accounting threatens Africa’s welfare and growth
Change is needed to spur economic stability in Africa. Effective public sector entities require transparency, accountability and more honest decision-making. Enhanced financial reporting – accrual...
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