African Companies

South Africa Outlook Downgraded

South Africa’s economy is feared to be plagued by new challenges in the coming months. The manufacturing output slid unexpectedly by 4.3% in March, and factory production fell by 2.7% year on year, marking the 1st decline in 8 months, the South African newspaper the Business Day reported on Friday, citing Statistics South Africa (Statistics [...]

World Economic Forum and Africa

World Economic Forum on Africa focused on Continent’s transformation More than 700 participants from over 70 countries are scheduled to attend the World Economic Forum (WEF) on Africa beginning on Wednesday through Friday in Ethiopia to address the continent’s transformation and seek solutions to challenges facing the land. Africa is on the brink of a [...]

Mark Mobius Invests in Africa

Mark Mobius, executive chairman of the Templeton Emerging Markets Group and lead portfolio manager of the fund, says: “We believe that Africa’s markets present significant opportunities for development due to a combination of strong economic growth, rising demand for the region’s vast natural resources, and a growing consumer market. “Africa is expected to grow more [...]

Liberia Oil Boom

Liberia could produce Crude Oil in 5 to 7 yrs The Liberian government could draft the initial set of laws that will regulate its budding Crude Oil industry before the end of Y 2012, said the head of the National Oil Company of Liberia. The regulatory framework being discussed by the government could be ready [...]

Connectivity Lifts South Africa

The Internet has proved to be a great boost to South Africa’s economy, said a newly-published study. Mainly driven by growth in online retail, South Africa’s Internet economy reached 51-B Rand (US$6.8-B) in Y 2010, according to the study conducted by Boston Consulting Group (BCG), a Global management consulting firm and adviser on business strategy. [...]

Investing in Africa

The world is waking up to a new Africa. The predominant theme in the emerging narrative is no longer war, famine and disease but rather strong economic performance. Investors are realising that Africa is good for business. Strong economic growth, business friendly reforms, mature financial institutions and some large economies add up to an enticing [...]

Tanzanian Royalty Exploration Corp. (US), AMEX:TRX a Strong Buy

Tanzanian Royalty Exploration Corp. (US), AMEX:TRX has been upgraded to a strong buy with a 2012 price target of $9 issued today by Shayne Heffernan. In a note to traders today Shayne Heffernan said the Lake Victoria Greenstone Belt and Kabanga/Kagera Nickel Belt regions of Tanzania look very promising on a number of levels, the [...]

India Buys Africa

Indian companies acquired or invested in at least 79 companies in Africa, chasing business in less crowded markets after growing in a home economy that expanded by an average 8.5 percent since April 2005. Africa’s gross domestic product expanded 4.9 percent a year from 2000 to 2008, McKinsey & Co. said in a June report. [...]

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Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …