In Africa , Djibouti is growing fast and has launched massive construction and development projects. It is said to become the new business and trade hub of the Horn of Africa region. Business in Africa is growing at a rapid pace
Rapidly growing buildings with modern building complexes and futuristic office buildings are adorning the landscape in Djibouti. The Africa business landscape ifs definitely moving fast and quick which will be soon competing with Canada and Australia
Africa Future of business
Australia and Africa are vast continents of climatic extremes, from deserts to tropical rainforests. Africa has a wealth of natural resources. Africa has 60 per cent of the world’s uncultivated, arable land and it has 12 per cent of the world’s petroleum and 30 per cent of the planet’s known mineral reserves. Africa is either first or second by share for known reserves of platinum, diamonds, cobalt, gold and bauxite.
Investment into Africa is now booming.
The lack of basic infrastructure is the biggest impediment to economic development in Africa. The lack of suitable buildings, transport links and power and water supplies in most parts of the continent makes it virtually impossible for the emergence of modern economies.
Us investing in Africa business
Wall Street-listed companies are investing more on the continent with each passing week.
(P/E Ratio: 22.8; P/B Ratio: 7.4; Dividend Yield: 2.1%)
(P/E Ratio: 16.2; P/B Ratio: 1.8; Dividend Yield: 3.4%)
(P/E Ratio: 13.5; P/B Ratio: 1.4; Dividend Yield: 4.5%)
Few corporations have a longer history in Africa than Siemens. It first got down to business on the continent in 1857. In 2010, its South African sales totaled $767 million. Nigerian revenue came in at $124 million.
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
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/
Harmony Asset Limited (HAR)
Exchange: Toronto Stock Exchange
Linc Energy Ltd (LNCYF)
Exchange: OTC Pink
AurCrest Gold Inc. (AGO)
Exchange: TSX Venture Exchange
This is our Bday post at Africa Finance market !!
AFRICA FINANCE MARKET
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The leaders of the Brics Countries Brazil, Russia, India, China and South Africa — collectively known as the BRICS — “agreed to examine in greater detail a proposal to set up a BRICS-led South-South Development Bank which will be like a “Bric fund” , funded and managed by the BRICS and other developing countries,” said Prime Minister Manmohan Singh of India.
Brazil and India sign six pacts in BRICS Summit Including BRIC Fund
A day after the BRICS summit, India and Brazil Friday decided to step up efforts to push the UN reforms and signed half a dozen pacts in areas ranging from science and biotechnology to cultural exchanges. This Includes a BRIC fund to be set up in the form of a Development Bank for these and other growing economies.
The BRICS that were initially just BRIC but now BRICS with the inclusion of South Africa as well met at New Delhi on Thursday for their fourth annual summit. Brazil, Russia, India and China became the ‘BRICs’ in a 2001 by Goldman Sachs in a report looking at the developing nations which may in time challenge the collective economic might of the G7. They discussed plans a the Brics Conference towards establishing a development bank that could one day serve as an alternative to the World Bank.
Together, the BRICS nations make up more than 40% of the world population and one-fifth of the global economy. On Thursday, the BRICS grouping including Brazil, Russia, India, China and South Africa called for dialogue to resolve the Iranian nuclear standoff and the Syria crisis.
Growth in BRICS Countries and BRIC FUNDS & INVESTMENTS
Brazil has seen its once rapid blistering economy slow to an estimated 2.7% this year. Russia’s recovery from the global recession has been slow compared with other developing economies even though they had a good year with oil and gas earnings due to the mediterranen conflict, the World Bank said in a report this week. Growth in India has steadily fallen in the last 2 years due to inflation int eh county and other external factors
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