Imara Investing in Africa have compiled the following reports on investment in Africa recently. With all the public holidays out of the way, we have some catching up to do.
Here are the latest news from Imara Investing in Africa:
Investment commitments by partner companies of Grow Africa doubled to USD 7,2bn in 2013. Grow Africa is a programme established by the World Economic Forum, NEPAD, and the African Union to accelerate the transformation of African agriculture. Business Day Nigeria reported that his increase in committed funding was captured in the Grow Africa Annual report released on Friday 2 May 2014. Read more, or download the report in PDF format: IAS_Africa Rising_05 May 2014
The World Bank has approved a USD 300 million loan to improve the rail network in Tanzania between Dar es Salaam and Isaka. The funds will be used to improve the deteriorating rail infrastructure on the route in an effort to create a reliable service. A statement published by the World Bank describes the project as “a necessary first step to the eventual upgrade and expansion of the broader Central Corridor transport network”. Read more, or download the report in PDF format: IAS_Africa Rising_06 May 2014
State fragility and conflict are among the greatest development challenges of our time. Four out of every five fragile states in the world are found in Africa, according to the AFDB’s “Africa Economic Brief 2013”. A fragile state is defined by the OECD as one that has weak capacity to carry out basic governance functions, and lacks the ability to develop mutually constructive relations with society. It further states that such countries are more vulnerable to internal and external shocks such as economic crises or natural disasters. Read more, or download the report in PDF format: IAS_Africa Rising_17 April 2014
Imara Investing in Africa