Category Archives: Finance

Top Finance News Africa 2017

Below is the latest Africa Finance news aggregated from top  business and news portals  for 2017.

http://www.africanbusinesscentral.com/

Kenyan President Uhuru Kenyatta recently laid the foundation stone for what will be the tallest building in Africa in the Upper Hill neighborhood of Nairobi. Construction is underway at the development site, and slated for completion by December 2019.

The ambitious project will see twin glass-facade towers rise above the city, the larger standing at 300 meters tall, far surpassing the continent’s current leader — Johannesburg’s 223-meter Carlton Centre.

Work begins on the tallest skyscraper in Africa

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This year’s G20, led by Germany’s Chancellor Angela Merkel, should be commended for prioritising African development.

Africa is home to all ten countries with the highest fertility rates in the world and this population boom will further strain governments already struggling to meet the needs of their people.

An estimated 22.5 million jobs per year will need to be created to meet the demand of this African youth explosion, a demographic with the same energy, dynamism and ambitions as their peers in developed nations.

They can show their commitment to a true partnership with Africa by delivering game-changing EU anti-money laundering regulations that prevent the criminal and corrupt from hiding behind anonymity and stealing Africa’s future from its people. Because failure to do so could undermine all their other efforts to help Africa prosper.

Op-ed: Nigeria’s Acting President Yemi Osinbajo to G20: It’s time to move beyond pledges to back Africa’s future

 

 

https://www.bloomberg.com

South Africa’s ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders.

The move opens a second front challenging the central bank’s established status just two weeks after Public Protector Busisiwe Mkhwebane attempted to instigate a change in its mandate. She instructed Parliament to amend the constitution to make the Reserve Bank focus on the “socioeconomic well-being of the citizens” rather than inflation, prompting a drop in the rand as investors viewed her action as a threat to its independence.

 

https://www.bloomberg.com/news/articles/2017-07-05/south-africa-s-anc-said-to-propose-central-bank-be-state-owned-j4qwo8ka

 

Zimbabwe polls In south africa

Zimbabwe’s new constitution was supported by the countries’ two main political parties who have been in a power-sharing government since 2009 and approved by an overwhelming majority in Saturday’s referendum as reported by electoral commission

Qatar Motor Show 2011 Pictures

It is said Zanu-PF’s 89-year-old leader, President Robert Mugabe, will be able to stand again in elections expected in July. Official results show 3,079,966 voted "Yes", 179,489 voted "No", with 56,627 recorded spoilt ballots.

 

In other news

Raila Odinga files Kenya election appeal – Kenyan Prime Minister Raila Odinga has filed a Supreme Court appeal against Uhuru Kenyatta’s narrow victory in the presidential election’s first round  .. read more

Chinese-built ghost town in Angola ( whos profiting)?

One group of workers are paid to pump oil, which is offshored to China. In exchange, a group of Chinese workers is paid to build a gate-guarded enclave for a non-existent pool of mega-rich locals that no one can afford to live in..read more

Event – Africa Down Under conference

The Africa Down Under conference is to be held at Pan Pacific Perth (formerly Sheraton Hotel) and Novotel Perth Langley, on 29 August – 31 August 2012. Apart from the regular  presenting companies and future project launches, the event will be attended by several African Mines Ministers, business leaders and executives from the mining services industries

http://www.africadownunderconference.com/

Africa mining conference 2012 in AUSTRALIA

west africa

IN 2011 the conference attracted more than 2000 delegates, 166 exhibitors and a full three day programme of top-notch speakers. The conference will give the opportunity to research joint ventures with juniors and grub-staking is taking place from Ghana in the north-west, to Kenya in the east and down south in the all-powerful triad of South Africa, Botswana and Namibia.

Africa Down Under - 29th August to 31st August 2012

The Africa down under conference will attract

  1. Mining Executives
  2. Financiers/bankers/brokers/analysts
  3. Government Officials and representatives
  4. Investors
  5. International and local media
  6. Mining service industry
  7. Suppliers
  8. Mining Consultants

YOUU CAN FIND THE CONFERENCE PROGRAM HERE – http://www.africadownunderconference.com/conference-programme/ , http://www.africadownunderconference.com/exhibitor-list/

About 220 Australian mining and oil companies have 595 projects operating in 42 African countries. Committed and planned investment by Australian companies in African resources projects is more than $50 billion, according to the Department of Foreign Affairs and Trade

The Africa Down Under conference has broken records again tin 2011, with 2,000 delegates and 11 African resources ministers attending

Related links

Australian Miners Are Moving on the Next Frontier

AAMIG – Australian and Australian-based mining and service industry

International Mining for Development Centre –  In partnership with the Australian Government, The University of Western Australia and The University of Queensland have established the International Mining for Development Centre . They assist in lifting the quality of life in developing nations through a more sustainable use of mineral and energy resources.

Mining for Development in Africa – http://ausaid.gov.au/countries/ame/Pages/mining.aspx

 

Finance for africa countries and organisations

AFC offers a unique value proposition as an Africa-focused bank covering complimentary service areas. These are: project development, technical advisory, principal investing and financial advisory services. – http://www.africafc.org

africa finance markets  sector

Making Finance Work for Africa nations

Making Finance Work for Africa takes a panoramic view of Africa’s financial systems, both at the large scale (“finance for growth”) and the small scale (“finance for all”). Things are changing for the better in African finance. Finance can be a leading sector in transforming African economies—by opening up business opportunities to a wider clientele and by channeling larger resources more effectively.

The Making Finance Work for Africa (MFW4A) Partnership is a G8 initiative launched in October 2007. The Partnership brings together donor partners, African governments, the private sector, and other financial sector stakeholders with the aim of unleashing the full potential of Africa’s financial sector in order to drive economic development and reduce poverty

Financial sector development ranging from access to finance to Capital Markets.

Major Activities in 2011-2012/
  • Organization of Second MFW4A Partnership Forum (in Q4 2011);
  • Launch and dissemination of MFW4A publication „Financing Africa: Through the Crisis and Beyond;
  • Initiate one Making Finance Work for a Specific Country program

Housing finance (HF) in Africa is provided by financial institutions including primary mortgage institutions, development finance institutions, commercial banks and microfinance institutions. – http://www.mfw4a.org/