Africa

Positive outlook for African banking sector

Global Credit Ratings (GCR) has recently released ratings for East, West and Southern Africa for the banking industry. The Nigerian Banking sector seems to be flourishing with some concerns for the rest of Africa amid tough economic conditions and the most recent liquidity crisis in Zimbabwe, while the Kenyan shilling remains stable after witnessing significant volatility in 2011. The economic outlook remains subject to risks arising from an uncertain external environment, unpredictable donor inflows and political stability.
AfricaInvestment

UN calls for rural development in Africa

The Imara Africa team sends us regular updated reports on the economy in Sub-Saharan Africa. On 24 February Imara focussed on agricultural transformation and rural development in Africa. Promoting rural areas means combining agriculture with industrial and service activities to stimulate synergies and diversification, and to seize new opportunities in information and communication technology (ICT), tourism, bio-technologies, environmental protection and renewable energy generation.
Africa

Nigerian central bank governor suspended

Each week the Imara Africa team sends us an updated report on the economy in Sub-Saharan Africa. On 20 February Imara found that the Nigerian President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria. The suspension was the result of alleged continued acts of financial recklessness and misconduct by the Sanusi.
AfricaInvestment

Nigeria's renewed energy investments

Each week the Imara Africa team sends us an updated report on the economy in Sub-Saharan Africa. On 18 February Imara looked towards the Nigeria government and their new investments in coal, power and renewable energy such as solar, wind and hydro-power plants as well as major gas infrastructure; indicating that huge investments have been engaged in other sectors of the economy like the construction of road networks, telecommunications, railways, water resources, aviation and agriculture.
AfricaInvestment

Private equity top of mind for Stanchart

Each week the Imara Africa team sends us an updated report on the economy in Sub-Saharan Africa. On 14 February Imara focused on private equity deals in Africa following an investment trend that has resulted in Africa recording its highest inflows into PE since 2008. Standard Chartered Plc. has said it intends to invest more money in private-equity deals on the continent than in any other region in which it operates.
Africa

Mobile money made easy

Each week the Imara Africa team sends us an updated report on the economy in Sub-Saharan Africa. On 12 February Imara investigated mobile money platforms in Africa, and reported on the newly formed partnership between M-Pesa and MoneyGram. Countries with M-Pesa services include the Democratic Republic of Congo, Egypt, Fiji, India, Kenya, Lesotho, Mozambique, South Africa and Tanzania, with more to follow in 2014, according to Vodafone.
Africa

Oil and gas refineries in Nigeria

Every week the Imara Africa team sends us an updated report on the economy in Sub-Saharan Africa. On 11 February the focus has been on Nigeria, and the reasons why oil and gas refineries have not been developed as they could in this region. The Minister of Petroleum Resources had in November 2013 announced the federal government’s intention to commence the privatisation of the four plants by the first quarter of this year, but this has been met with uproar from the major oil unions.
AfricaHot news

Implications of Davos discussions for Africa

Six sessions were devoted to Africa at the Davos World Economic Forum this year. The focus of this year’s discussion has been on the acceleration of developed-market GDP and its impact on emerging market economic…