African Companies
China’s investment in Africa should add value
The organization’s vice president David Norupiri said in an interview that Africa was hungry for investment in projects that promote value addition to its vast natural resources in order to accelerate development on the continent. “We are looking for more of those investments where we add value to our minerals and agricultural products because there [...]
Casablanca Finance City (CFC) Attracts Interest From Arabian Gulf
Amongst those realising the potential is Abu Dhabi-based asset manager Invest A.D. who recently obtained a license. The Moroccan Financial Board, which is responsible for running Casablanca Finance City, held a seminar in Dubai this week that attracted senior executives from UAE-based insurance companies, asset managers, banks and other finance firms. Casablanca Finance City will [...]
Ghana pledges US$63-M in Y 2012 fertilizer subsidies
Minister for Food and Agriculture, Kwesi Ahwoi said that 120.3-M Cedis would subsidize 176,000 metric tons of granular and liquid fertilizer for farmers. It meant the government would subsidize fertilizers at an average of 43.3% of the cost. “Government is determined to ensure that the nation’s fertilizer application rate is increased to about 20 kilogram [...]
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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USD/ZAR South African Rand Outlook
Shayne Heffernan takes a look at the USD/ZAR
USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …
Commentary
Investor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Chinese actress Li Bingbing joins cast of “Transformers 4″
Paramount Pictures announced Monday that it had added Chinese actress Li Bingbing into the cast for the upcoming …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
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