He also stated that profit margins in Africa are some of the highest in the world and the presence of more players in the market will narrow the gap down.........consumers have become key drivers of Africa’s economy, which is expected to grow at an average of five per cent in the next 10 years....Kenya, Ethiopia, South Africa, Nigeria, Egypt, Angola, Morocco, Senegal and Ghana as countries where the retail market is expanding at a faster rate because driven by consumers.
"Analysts say the rate of return on foreign investment in Africa is higher than in any other developing region.
Over the last decade, six of the world’s 10 fastest-growing countries were African. In eight of the last 10 years, Africa’s lion states have grown faster than the Asian tigers. The fastest-growing economy in the world in 2011 (at 13%) was Ghana. "
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Sahara-interactive-map.swf (application/x-shockwave-flash Object) African leaders, investors brainstorm on how to de-risk Africa. Mohamed El Kettani, PDG d'Attijariwafa bank: L'Afrique sera “l'une des poches de croissance forte des 30 ans à venir” Après avoir acquis dix banques en Afrique de l’Ouest en six ans, Attijariwafa bank va s’implanter au Niger et au Bénin et compte se développer dans l’Afrique anglophone et lusophone, a annoncé son PDG, Mohamed El Kettani. “Nous avons acquis dix banques en six ans et allons nous implanter au Niger et au Bénin. Nous comptons aussi nous développer dans l’Afrique anglophone et lusophone”, a affirmé M. Kettani dans une interview au quotidien économique français Les Echos.
Le banquier marocain a expliqué cette démarche par la volonté de “rendre hommage aux collaborateurs des entités du groupe dans les pays d’accueil. Il a ajouté que sa banque “mise sur le développement des TPE, trop souvent obligées de se financer à des taux prohibitifs dans le secteur informel alors qu’elles sont essentielles au décollage économique”. “Ce décollage est aussi nourri par une hausse du taux de bancarisation, qui oscille encore entre 5 et 8% au sud du Maghreb”, a-t-il indiqué. L’Afrique, poche de croissance… TV's white spaces connecting rural Africa. 4 February 2013Last updated at 19:01 ET By Fiona Graham Technology of business reporter, BBC News Wide open spaces: Projects like the one in Nanyuki could let people in the more remote areas connect to the internet "This is the greatest achievement I can say for this school. [The students] are finding it a great favour that they should be the first school in Africa to have this kind of a project.
It is very exciting. They wonder how they got there. " Beatrice Nderango is the headmistress of Gakawa Secondary School, which lies about 10km from Nanyuki, a market town in Kenya's rift valley, not far from the Mount Kenya national park. The school is situated in a village that has no phone line and no electricity. "We don't really have a cash crop, but the farmers do a bit of farming," says Mrs Nderango. "They grow potatoes, a little bit of maize, but we don't do well in maize because of the wild animals. Going online: The schools are being supplied with computers as part of the project. Which African cities will see the most growth over the next five years? Angola’s capital Luanda is expected to see strong economic growth over the next five years. This is if the recently released MasterCard African Cities Growth Index is to be believed.
The index, produced on behalf of MasterCard by Prof. George Angelopulo of the University of South Africa, includes 19 sub-Saharan African cities, ranking them according to their economic growth potential between 2012 and 2017. The capitals of Ghana , Zambia and Angola have been identified as the sub-Saharan African cities that have the greatest economic growth potential over the next five years. Sudan ’s capital Khartoum is expected to show the lowest growth of all the cities included in the study. Below are the cities and their ranking: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. To compile the index, Angelopulo looked at various data related to city-level economic growth. The United Nations estimates that Africa’s urban population will triple by 2050, reaching 1.23 billion people.
Africa dazzles bankers at Davos | Africa. MOVE over, China. The market that has bankers attending the World Economic Forum (WEF) at Davos excited this year is Africa. “One market where we see plenty of opportunity is Africa,” Peter Sands, CEO of Standard Chartered, said in an interview. “It’s a part of the world that doesn’t get so much focus because everyone, quite rightly, is all excited about India and China and the whole ASEAN (Association of Southeast Asian Nations) region.”
Chinese banks were among the first to make their way into the continent, with ICBC, the world’s biggest bank by market value, having bought a 20% stake in Standard Bank in 2007. Since then, other banks have started making their way into the region, mostly to facilitate trade between Africa and resource-hungry China. Simon Cooper, HSBC’s CEO for the Middle East and North Africa, said: “There’s a lot of work facilitating companies from China that want to go to Africa and we expect such trade to continue to grow.”
Reuters. Get ready for an Africa boom. By Charles Robertson, Special to CNN Editor’s note: Charles Robertson global chief economist for Renaissance Capital and lead author of ‘The Fastest Billion: The Story Behind Africa’s Economic Revolution.’ The views expressed are his own. The rise of Africa’s long forlorn economies – what we at Renaissance Capital have dubbed “The Fastest Billion” – represents the final phase of a global economic transformation that began over 200 years ago as agrarian societies saddled with absolute rulers began their journey through industrialization into the pluralistic middle-class societies increasingly driven by the information age we know today.
For many reasons, Africa largely missed out on this journey. But no longer: while the process will not be complete by 2050, a changing set of global and local realities suggest that Africa is set to be the final beneficiary of this revolution. More from GPS: How Africa could feed the world What has changed? Sub-Saharan Africa set to continue on its robust growth path. The World Bank this week issued its Global Economic Prospects for January 2013, reflecting strong medium-term growth expectations for sub-Saharan Africa, a continuation of the solid growth seen.
Growth for the region was measured at 4.6% in 2012, 5.8% if one excludes the drag of South Africa, the region’s biggest and most globally integrated economy, with a third of countries recording growth of at least 6%. This growth was supported by robust domestic demand, steady remittance flows, high commodity prices and increased export volumes.
This came despite monetary tightening in countries such as Nigeria, Kenya and Uganda and political unrest for example in Mali and Guinea Bissau. Net private capital flows to the region were up 3.3 % to a record US$54.5bn, mainly from increased FDI which went up to $37.7bn from $35.7bn in 2012. This was a positive sign in light of the fact that FDI to all developing countries was down 6.6%. The fastest growing sub-Saharan Africa economies in 2012. FDI opportunity in Africa. Nigeria, South Africa, Angola, and Ethiopia are among the African countries that offer the biggest opportunities for foreign investors, according to Ernst & Young report. "We are excited and very positive about Africa," said Ajen Sita, CEO of Ernst & Young Africa, in a report Africa By Numbers.
"We are optimists, but we are realistic optimists - our perspective is deliberately a glass half full rather than half empty one. This is mainly because we believe that it takes a positive mindset to succeed in Africa. If you set out expecting difficulty and risk, you will find it. However, ours is not a point of view informed by anecdotes and wishful thinking - the numbers speak for themselves. " UNCTAD notes foreign direct investment in Africa fell to USD4.7 billion in 2012, primarily because of the problems afflicting North African states, especially Egypt, Libya and Tunisia which saw the full impact of Arab Spring and witnessed massive upheavals and regime change. And they have not been shy.
Most African countries could reach middle income status by 2025. Hardly a week goes by without an African investors’ conference or growth summit. Portuguese professionals are looking for opportunities in Angola. Silicon Valley companies are coming to Kenya to learn about its homegrown ICT revolution. This is not an irrational fad. Since the turn of the century, Africa’s growth has been robust (averaging 5-6% GDP growth a year), making important contributions to poverty reduction. One way to track Africa’s progress is by charting the number of countries that have achieved “middle income status”. How many MICs are there among sub-Saharan Africa’s 48 economies? If sub-Saharan Africa were one country it would already be a MIC with an average per-capita income of around US$ 1,500. Africa’s more advanced economies can be grouped into four, not mutually exclusive, categories, of between six to eight countries: First are mature MICs which include Botswana, Cape Verde, South Africa, Mauritius, Namibia, Seychelles, and Swaziland, with some 60 million people.
Croissance-inclusive_info2.jpg (JPEG Image, 848 × 559 pixels) Africa is hooked on growth. Transformations, top African trends of 2012, and what 2013 holds : Special Reports-africareview.com. Since March, 80 of the estimated 130 mobile money transactions globally have been in Africa, with their total worth already in the tens of billons of dollars, and astonishingly, still growing. These and other discernible trends in 2012 pointing to a continent relentlessly pushing the economic growth frontiers — and as a destination for new investment and the simply outlandish returns on risk — suggest that Africa really is the happening region that has been portrayed in such glowing terms in the media, a sort of Africa 2.0 if you like.
As we show in this report, in addition to the economy, there are other areas where extraordinary changes are taking place, from governance to the arts, health, and renewable resources. Africa watchers would do well to look out for these areas going into 2013: Your feedback is valued, tweet us on @africareview or @shrewdafrican. Nigeria May Join Global Economic Powers in 2030 - U.S. Nigeria could join a handful of countries including China that would be pivotal in shaping the world's economy by the year 2030 according to a report by the super secret United States National Intelligence Council, NIC. The NIC report just released, projects an idea of what the world would look like in the future. The report which is an articulation of expertise opinion from the US intelligence community released last December, however, admits that it may not be exact. It is a fact many Nigerian experts would appreciate given earlier expertise opinion from the United States army that Nigeria may implode by the year 2015.
The report could come handy to Nigerian administration officials working towards the goal of putting Nigeria among the top 20 economies by the year 2020. China according to the report would just overtake the US before 2030 as the world's biggest economy. Other powers including Nigeria according to the report, would also jump to the top in global economic ranking. African Cities to Triple in Size. 8101C-pop-villes.jpg (JPEG Image, 1200 × 1347 pixels) Mettre en valeur les liens Chine-Afrique.
WO-AF434_AFRICA_G_20110501210904.jpg (JPEG Image, 778 × 295 pixels) Programme Europe-Afrique, 2011-2012 : dossier documentaire. MONDE : L'économie en bref - L'Afrique, eldorado confirmé des pays émergents. Consumer goods in Africa: A continent goes shopping. AFRICAN consumers are underserved and overcharged, reckons Frank Braeken, Unilever’s boss in Africa. Until recently, South Africans who craved shampoo made specially for African hair, or cosmetics for black skin, had little choice besides costly American imports.
Unilever spotted an opportunity: its Motions range of shampoos and conditioners is now a hit. The Anglo-Dutch consumer-goods giant is making a big effort to tailor products for African customers: affordable food, water-thrifty washing powders and grooming products to fit local tastes. It is also helping other businesses. Last year Unilever opened the Motions Academy in Johannesburg. Each year it will train up to 5,000 hairdressers who want to open their own salons. Africa already has a $1.8 trillion economy and is forecast to have a population of 1.3 billion by 2020. Unilever is not the only consumer-goods giant moving in. Designing products that appeal to locals is only part of the challenge. Security is a problem too. Top_sectors_that_will_offer_the_greatest_potential.jpg (JPEG Image, 772 × 703 pixels) - Scaled (89%)
Africa_infographic.jpg (JPEG Image, 1350 × 2813 pixels) Pour que l'Afrique commerce avec l'Afrique. Africa Rising Through Regional Integration. The New Africa Growth Story: Financing Infrastructure. Sub-Sahara Region Most Favored Frontier Market By HSBC Global Asset Management. Frontier Market Network : Analysis : Africa's top investment hot spots. Consumer expansion in Africa's rapid-growth markets.
Dot Africa Domain A Boost For Business. Websites ending in dot Africa could soon be popping up across the continent as the drive to bring the ‘African domain ‘into existence gain momentum. ICANN, the global provider of I.P. management, has already received 500 applications from various Registry Operators within Africa. A decision is not likely to be made until early 2013 regarding the domain because of ICA NN’s rigorous application procedure and lengthy support checks, however early signs are promising for a positive decision. Alice Munyua of the Kenyan Internet Governance Steering Committee said that the domain has the potential to “identify the region as a whole under one internet category.”
She believes that the strong application was “sending out the right message” to ICANN. Kenya is going to be one of the main beneficiaries of the new domain, having experienced a rapid increase in online presence over recent years. Now is Africa’s time. The pessimism and scepticism which has surrounded African investment in previous decades is coming to an end as the realisation is dawning among investors that Africa is indeed a land of opportunity. Delegates at the second annual African Investment summit were left in no doubt that Africa’s future is paved with rich promise. The two-day event held in London attracted attendees from around the world to discuss the prospects for the continent’s continued growth and expansion as a prime emerging market for investors.
Among the keynote speakers were Nigerian Finance Minister Ngozi Okonjo-Iweala and British MP Mark Simonds as well as a host of investment analysts and finance experts. From why Africa, to how Africa The delegates agreed that Africa is halfway through a transformative process and at this stage many of the barriers to investment have disappeared in large parts of the continent. UK MP Mark Simonds said: “The conversation has definitely moved from why Africa, to how Africa.” Fraud in Africa drops marginally for first half of 2012 - RISKAFRICA.
KPMG’s latest Africa Fraud Barometer shows a marginal drop in the number of fraud cases in Africa, from 503 in the second half of this year compared with 520 last year. Government still accounts for the lion’s share of fraud and corruption in Africa. The global professional services company released its Africa Fraud Barometer findings on Wednesday, 21 November, to provide a bigger picture of fraud prevalence on the African continent. The initiative was launched in April 2012 to expose the risk of fraud for companies in their day-to-day operations. According to Petrus Marais, KPMG’s global leader of forensics and developer of the barometer, “This is only the second barometer we are publishing, but we have noticed a decline both in terms of reported fraud cases and their monetary value. We see this as a positive trend.” According to the tool, reported cases of fraud decreased from 520 in 2011 to 503 in the first half of 2012.
Nigeria’s media reports consistently on various fraud cases. Investing in Africa: opportunities and challenges. 071811_africa_world_trade_02_rr.jpg (JPEG Image, 640 × 360 pixels) 70% of African Diasporan MBA students at top Western Business Schools will return to work in Africa post-graduation. African Diasporan MBA students from leading Western business schools have affirmed their conviction in Africa’s potential for fostering small-to-medium sized enterprises (SMEs). 70 percent will work in Africa after graduation, according to a new survey by Jacana Partners, the pan-African private equity firm that invests in SMEs to deliver social and financial returns.
Of that 70 percent, half plan to become entrepreneurs and start their own company, as opposed to working for an existing business. 89 percent of all African respondents selected the growing consumer story as presenting the greatest opportunity in Africa, above both natural resources and advancing technologies. As a result, more than a third selected consumer goods and financial services as sectors that offer the most attractive opportunity for starting a new business.
African respondents to the survey originated from 19 different African countries, spanning the North, Sub-Saharan regions and South Africa. . — CP-Africa.com. Fortune Favours the Informed: The African Paradox. Where You Can Find 11 of the World's Fastest Growing Economies. Sub-Saharan Africa Economy. Channels Television - Nigeria's Award Winning Television Station. Fiches Pays. Actif_afrique.png (PNG Image, 500 × 608 pixels) IGD-Dalberg_Pioneers-on-the-Frontier_0.pdf (application/pdf Object) Africa-Map.jpg (JPEG Image, 689 × 722 pixels) - Scaled (79%) Africa the China of 20 years ago – analyst. Nielsen-the-diverse-people-of-africa-march-2012.pdf (application/pdf Object) In the rise of the African consumer, Nigeria is key. What Rising TV Ownership Reveals About Africa's Future. African growth no mirage say banks: Business and Finance-africareview.com. L'Afrique, futur eldorado des consommateurs - Politique économique.
African consumers 'underestimated' by Western firms. EIU's Africa Cities Rising. Faire des affaires en Afrique : les 25 villes qui comptent. L'Afrique, un explosif eldorado du XXI e siècle, Analyses de la rédaction. The Prepaid Economy: African Edition. Brain drain to brain gain: Africa’s returning Diaspora. The-Dynamic-African-Consumer-Market-Exploring-Growth-Opportunities-in-Sub-Saharan-Africa.pdf (application/pdf Object) Foreign Companies See Big Money-Making Opportunities in Africa. Ghana and Nigeria among world’s fastest growing economies in 2012/2013. Financial Times: Africa: tracking consumers by their mobile phone spending patterns » Media Centre - Informa Telecoms & Media.
IFC to push funds into Africa's energy and transport industries. Fonds sur Afrique Full. Africa: RIM Moves to Consolidate Market Shares in Africa. New Forbes Magazine to Highlight Successful Africa Business, Says Official. Africa Could Provide Workforce to the World. African Markets Outperform Rivals. Intra-African Trade Is Possible, But... Ten Young African Millionaires To Watch. The African Consumer Market. Africa’s growth may rise to 7 pct a year by 2015 — AfricaTimesNews. Report: The Diverse People of Africa. Global-Home.aspx. DISBOOK_MediaKit.pdf (application/pdf Object) Africa eyes $34.6b intra-regional trade as continental free trade area concept in pipeline | Ghana Business News. Africa Economic Development Institute : AEDI : Trade Agreements. Brazil competes with China, India to invest in Africa.
Africa's 100 Largest Frontier Stocks. GBC News, , Sub-Saharan Africa: FDI hit record high. Five reasons why Africa should take off. Les 10 économies africaines qui montent. Africa's middle class: Fact or fiction? Africa Takes Off - By G. Paschal Zachary. Economic growth stirs hope in Africa - Africa - World. “The Changing Face of the African Consumer:” McKinsey releases Africa Consumer Market Survey. ……..and they had the audacity to call Africa the hopeless continent? « « MyWeku MyWeku. 12gtim-brochure.pdf (application/pdf Object) African economies poised for lift-off. Daily chart: Africa's impressive growth. What's driving Africa's growth - McKinsey Quarterly - Economic Studies - Productivity & Performance. International - G. Pascal Zachary - Africa's Amazing Rise and What it Can Teach the World. The Next Asia Is Africa: Inside the Continent's Rapid Economic Growth - Howard W. French - International. What's driving Africa's growth - McKinsey Quarterly - Economic Studies - Productivity & Performance.
Africa Investor - News.