AfricaHot newsResearch and Surveys

Hot on the heels of the BRICS

Coface, the international credit insurer, says that after 10 years of frenetic growth, the BRICS are slowing down sharply: for 2014, Coface forecasts growth of on average 3,2 points lower than the average growth these countries registered over the previous decade.

Pharmaceuticals shift gaze to Africa

The pharmaceutical industry has shown a growing interest in Africa, given higher per capita incomes and the associated rise in demand for treatments against chronic diseases that are becoming more common among urban middle classes. Biopharmaceuticals company GlaxoSmithKline (GSK) plans to invest up to USD 216 million in Africa over the next five years and French company Sanofi has also highlighted Africa as a promising growth market.

Nigeria’s booming property development

The Novare Africa Property Fund II follows the Novare Africa property Fund I which was closed in September 2011 with assets of $81 million. The second fund expects to benefit from Nigeria’s increasingly open economy and the revolution taking place in its retail sector. Nigeria has a $432 billion economy that is expanding by around 7% a year.

Meso-insurance in agriculture

Grameen Crédit Agricole, FARM and the IDR ‘Iniatiative de Recherche’ are applying to the Louis Bachelier “Finance and Sustainable Growth” Laboratory for the financing of a two-year
AfricaHot news

Rwanda tries to reduce tax rates

Rwanda may offer reduced tax rates soon for investors under a new investment code, according to a Rwanda Development Board (RDB) official. It is reported that the priority would be to provide tax incentives to investors in sectors such as energy, transport and logistics, which are vital to enabling development. This could see Rwanda follow Mauritius’ lead.
AfricaHot news

Orange exit set to rock telecom market

According to reports from The Nation, the Kenyan Cabinet Secretary for Information and Communications, Dr Fred Matiang’i, sent a notice to Orange informing it of his intention to terminate a deal under which Telkom Kenya manages a state-owned national fibre network on behalf of the government. The extensive network, NOFBI, covers many parts of the country, including locations where most of the fibre networks have no presence.
AfricaHot newsInvestment

The landscape of assets

The Investment Solutions team mapped out the landscape of asset classes in South Africa and globally on 25 March 2014. Muitheri Wahome, head of technical solutions, took the audience through a whistle stop of the history of South African markets; Glenn Silverman, chief investment officer, addressed today’s challenges; and Chris Hart, chief strategist, predicted what industry players can expect in the near future.
AfricaGeneralHot news

Robust growth rates for Kenya

Moody’s says that Kenya’s 2010 constitution introduced significant changes in the political system that will fundamentally alter the distribution of political authority and the provision of public services. In particular, the devolution of government responsibilities from the central government to 47 new counties represents both risks and opportunities for government effectiveness and financial stability. Moody’s annual credit report on Kenya is now available on