According to Royal Institution of Chartered Surveyors’ (RICS) South Africa country manager TC Chetty, the recent credit rating downgrades by global ratings agencies will negatively affect Africa’s two biggest economies – South Africa and Nigeria, and hit Africa’s overall economic growth. TC Chetty, South Africa country manager for the Royal Institution of Chartered Surveyors (RICS). […]
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Why Kenya remains attractive to investors
Kenya has in recent years topped the list of African countries that are most attractive to foreign investment. But with elections coming later this year and an increasingly unstable global economic outlook, the country’s risk profile has increased. The Business Daily spoke to Citibank’s head of investment banking for Africa, Miguel Azevedo, on the country’s […]
Corruption: Kagina battling bravely, but how sustainable are her heroics?
State structures in African countries are often inhabited by officials who rather line their pockets and please those above them than render a service to the public. In the second and last part of an investigation carried out in Uganda, Ghana and Nigeria, journalists ANAS AREMEYAW ANAS, THEOPHILUS ABBAH and BENON HERBERT OLUKA highlight how […]
East Africa: EALA Urges Inclusive Investment Policies to prevent social unrest
The xenophobic violence currently taking place in South Africa could happen in East Africa if partner states don’t ensure inclusive policies to benefit citizens during the ongoing integration process, members of the East African Legislative Assembly (Eala) have warned. “South Africa is the most industrialised economy in Africa because of high investment levels but why […]
Egypt: Bourse Continues Gains for 2nd Day
The Egyptian Exchange (EGX) closed on Thursday with gains for the second day backed by share purchases by local and foreign investors. The market capital achieved gains worth EGP 3.4 billion to reach EGP 507.2 billion, after transactions hit EGP 546.1 million. The EGX 30 benchmark index soared 1.18 percent to close at 8,731.29 points. […]
Egypt’s foreign reserves rise on back of Gulf Aid
(Reuters) – Egypt’s foreign currency reserves rose to $15.43 billion at the end of January from $15.33 billion the previous month, the central bank said on Thursday. Foreign reserves fell sharply after the 2011 uprising that ousted President Hosni Mubarak but had risen again on the back of billions of dollars of Gulf Arab aid […]
Great Lakes region must unite to stamp out armed groups in DR Congo, urges UN envoy
The main road in Beni, eastern Democratic Republic of the Congo (DRC). Photo: IRIN/Jessica Hatcher 5 February 2015 – Countries must come together to “neutralize all negative forces” terrorizing the population in eastern Democratic Republic of the Congo (DRC), the United Nations Special Envoy for the Great Lakes Region urged today following meetings with top […]
Is Mugabe Jeopardizing the African Union’s Credibility?
Zimbabwe’s President Robert Mugabe (seated) waits to address the 66th United Nations General Assembly at the U.N. headquarters in New York, September 22, 2011 (Courtesy Reuters/East). This is a guest post by Nathaniel Glidden, intern for the Council on Foreign Relations Africa Studies program. He is currently pursuing a Master’s in International Affairs with concentrations […]