AfricaHot news

Nigeria top economy in Africa

South Africa has been knocked of its thrown as the largest economy in Africa. Taking its place, with a GDP of 80,22 trillion naira ($509,9 billion), according to the Nigeria Bureau of Statistics, Nigeria has taken the helm as the African leader. The largest oil producing country on the continent, with a booming e-commerce, mobile phones and “Nollywood” film industry, Nigeria is top dog.
AfricaResearch and Surveys

African companies on London Stock Exchange

London’s Alternative Investment Market (AIM), a market for smaller companies, is emerging as an exchange of choice for natural resources businesses. Nigerian oil exploration and Production company Lekoil listed on the LSE in May 2013 and Seplat Petroleum Development, is expected to list in London in 2014. Other Africa-focused natural resources companies listed in London include African Barrick Gold, African Minerals etc.
AfricaHot news

Economic growth that benefits many

Changes – including regulatory, energy and disruptive technologies – are driving businesses to transform. This is the only sensible response in the new global economic environment, with an emphasis on transformative innovation. This immediately makes Africa that much more important – a market with huge potential allowing feasible expansion opportunities for international business. Africa’s proven innovations create further interest in the continent, citing examples such as mobile banking.
AfricaHot newsInvestment

Kenya supports investment in infrastructure

The President of Kenya has urged other African countries to enable investment in infrastructure. The establishment of the ‘Africa 50 Fund’, an initiative of the African Development Bank that was endorsed by African leaders to address the inadequacy of resources for infrastructure development in the continent, required African countries to undertake requisite reforms geared towards facilitating private sector to invest in infrastructure development and maintenance.

Sanlam shows strong strides in Africa

Sanlam’s sub-Saharan Africa Real Estate Fund has announced a strong set of financial results for 2013, outperforming the fund’s long-term total return targets. The fund, which is structured as a listed property company, also announced the acquisition of another prime real estate asset in Lagos, Nigeria. Local and international investors have access to high-quality retail and commercial real estate.
AfricaHot news

Nampak’s good African operations

Nampak has recorded favourable results on the back of strong performances from its African operations. Subdued economic growth, increased competition and changing consumer preferences, have proven conditions in South Africa challenging. To secure new long-term contracts, Nampak offered more favourable pricing to major customers, with the domestic operating margin narrowing to 8,4% in F13 (F12: 10.5%) as a result.