When thinking about investing in Africa, many investors identify South Africa as the most important market on the continent. However, we believe other countries in the region also offer much untapped long-term potential.
Among frontier markets globally, Africa offers one of the most exciting investment stories, in our view. But we recognize that investors may need to be patient and understand some of the unique aspects of doing business in those markets, as well as the risks. Read more. Source | New Times
Kenyan government officials led by President Uhuru Kenyatta have today witnessed deals worth Sh10 billion (USD 100 million) at the ongoing US-Kenya conference in Nairobi.
The 60-member American delegation to the bilateral conference, which is organised by the US Chamber of Commerce, is led by the US Under-Secretary for Commerce Gilbert Kaplan and is aimed at interrogating President Kenyatta's big 4 development agenda for investment opportunities. Read more. Source | Business Daily
The African Women in Technology (AWIT) Conference is scheduled to take place from July 19 – 21, 2018. Hosted yearly by IBOM LLC, the 3-day conference focuses on empowering, educating and connecting African women in business and technology.
The core objective of the conference is to provide a platform for advancing the careers of African women in the technology industry regardless of what stage they are in their careers or businesses. a 3-day Conference focused on empowering, educating and connecting African women in business and technology. Read more. Source | CIO East Africa
East African ministers responsible for regional affairs on Monday praised Kenya’s Chinese-built Standard Gauge Railway (SGR), saying it has not only helped ease the cost of doing business in the region but also set an example on the transformation an investment of that nature can bring about.
John Luk Jok, the South Sudan Minister of Transport and Roads, said there is great progress in the Northern Corridor improvement process, noting that the issue of financing however remains the biggest challenge. Read more. Source | New Times
The IMF has said that sub-Saharan Africa could increase its domestic revenue up to $80 billion, but mobilisation remains a pressing policy challenge. In its latest Regional Economic Outlook 2018 report for sub-Saharan Africa, the IMF cites three aspects of domestic revenue mobilization. Read more. Source | East Africa
Exim bank Tanzania has announced a TZS 75 Billion ($35 million) financial closure meant to finance and support long-term lending to small and medium size enterprises (SMEs) in Tanzania. There are approximately 3 million enterprises in Tanzania, with research indicating that a large majority of these are family owned micro enterprises (employing less than 5 people), and located mainly in small cities and rural areas. Read more. Source | The Exchange
On a recent business visit to Nairobi, East Africa’s financial services capital, I was impressed by the progress Kenya has made in setting up institutions and making it easier for investors to do business.Any visitor interested in setting up a business will be happy to also see the massive investments in infrastructure that would enable them to access various parts of the country and to move their products. Read more. Source | Business Daily
The Confederation of Tanzania Industries (CTI) has commended government interventions on various taxes, charges and fees that burdened manufacturers in order to boost industrial productivity for strong economic growth. The CTI Board Chairman Dr Samuel Nyantahe said in Dar es Salaam yesterday that the government’s move will increase industrial production, improve business environment and enable the sector contribute meaningfully to economic growth, job creation and poverty reduction. Read more. Source | Daily News
Nairobi will next week play host to East Africa’s largest convention on Private Equity, providing a platform to unpack the opportunities in the region, while addressing common challenges and solutions in the market.
The fourth annual-Private Equity in East Africa Conference will bring together over 250 delegates from around the globe. The conference is being facilitated by the East Africa Private Equity and Venture Capital Association (EAVCA). Read more. Source | The Exchange
Despite recent softening, global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.
“If it can be sustained, the robust economic growth that we have seen this year could help lift millions out of poverty, particularly in the fast-growing economies of South Asia,” World Bank Group President Jim Yong Kim said. Read more. Source | New Times