Rising capital expenditure (capex) means the emerging African market for Iron Ore offers competitive pricing for industry consumers. Where the average capex per tonne of annual iron ore in stalwart exporter Australia is currently ~USD175/t, in West Africa it is notably 15-30% lower, at ~USD120-150/t. China, reported to have been the world’s biggest Iron Ore [...]
It is reported that Kweku Adoboli, a UK citizen of Ghanaian descent, was arrested by Met police in London early this morning in connection with claims of illicit trading which cost his employers, the Swiss banking group UBS, an estimated $2 billion. Despite assurances from the company that no customer funds had been affected, shares [...]
Written on September 15, 2011 | Posted in
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Warnings have come from UN officials over the worsening of the humanitarian crisis in East Africa because of the harsh drought and conflict in Somalia, with concerns about tens of thousands of children dying. This is Africa’s worse drought in more than 60 years with the food crisis affecting more than 12 million people across [...]
African development is more effective when lead by African states and citizens, the new findings from the Overseas Development Institute shows. The report calls for a new outlook as it identified effective leadership, smart policies, institutional foundations and international partnerships as crucial roles needed to be played in development. Ghana has proved a star performer [...]
The International Finance Corporation, part of the World Bank Group, has produced a business report on what will soon become Africa’s newest country, South Sudan. When South Sudan is officially recognised as its own entity on 9th of July – following January’s decision vote to secede from the north of the country – it will [...]
Africa is becoming increasingly attractive to investors from emerging markets, according to a new survey. Foreign investors now see the huge longterm growth possibilities that Africa presents according to Ernst & Young’s first Africa Attractiveness Survey, which combines an analysis of investment into Africa over the last decade with a survey of over 562 global [...]
Written on May 15, 2011 | Posted in
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Impressive growth rates of 5.5% failed to prevent former UN Secretary General Kofi Annan from criticising African leadership at the World Economic Forum on Africa in Cape Town earlier this month. The forum, which took place from May 4-6, was a chance for Africa’s leaders to join together and assess the continent’s strengths and weaknesses [...]
Written on May 9, 2011 | Posted in
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A luxury commuter bus pulls up by the kerb to pick up passengers. A young woman quickly jumps in, retrieves a smart card from her wallet and swipes it against a machine next to the driver before taking her seat. A routine occurrence in Germany or the US, but this is Rwanda, one of the [...]
Written on April 12, 2011 | Posted in
Analysis,
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A new Regus business centre in the country’s capital, Kampala, offers a valuable platform for businesses to explore revenue opportunities in East Africa. It is global workspace provider Regus’ first centre here, and brings the number of countries where it operates to 87, of which 13 are in Africa. ‘Uganda’s economic stability makes it a [...]
President Ali Bongo Odimba was in London for the newspaper, Times CEO Summit on Africa on the 21st and 22nd of March. He was one of the keynote speakers along with his Rwandan counterpart Paul Kagame and British Foreign Secretary, William Hague held at the two day event at the recently reopened Savoy Hotel. In [...]
