On the back of the Tokyo International Conference on African Development (TICAD), Japanese cumulative FDI in Africa increased from $3.9bn in 2007 to $10bn in 2016. The big challenge will be diversifying the range of the country’s trade partners in Africa beyond the handful of
When Cutifani took over as group CEO in April 2013, he announced radical restructuring plans. Targeting nearly two-thirds of the workforce and at least 15 businesses. Consolidating core assets, improving operational cost controls and increasing volume. Anglo has significantly reduced its debt and operating costs,
The establishment of an African free-trade zone will enable the continent to speak with one voice and potentially boost exports to the US, says SA’s trade and industry minister Ebrahim Patel. Concerns have been raised about the future of the African Growth and Opportunity Act (Agoa) under
Rising debt in sub-Saharan Africa has sparked fears that the continent is heading towards crisis point. Although debt ratios remain below historic highs, critics have suggested that African countries are being propped up by riskier loans. Managing debt is a balancing act of possible risks
Political and economic uncertainty often result in currencies depreciating on the international exchange system, warranting that we invest in wealth hedges like gold and Krugerrands in order to preserve our wealth. A noteworthy reminder is 1980 when gold reached over $800 per oz after Russia invaded Afghanistan. The
Kenya’s currency is likely to come under pressure against the US dollar next week as those of Tanzania, Uganda and Zambia firm. KENYA – The Kenyan shilling is forecast to weaken against the US dollar in the coming week due to increasing dollar demand from manufacturers
Cocoa & chocolate are used to provide taste, flavor, and texture to food, in addition to nutritional and functional benefits. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point
Sub-Saharan Africa can expect economic growth of 3.4 percent in 2019 and 3.6 percent in 2020, according to the July World Economic Outlook report released by the International Monetary Fund. The IMF says oil prices have supported the outlook for Angola, Nigeria, and other oil-exporting
Vice President Dr Mahamudu Bawumia has explained to a group of Canadian investors why Ghana is the best investment destination in Africa for both local and foreign investors. According to Dr Bawumia, not only do Ghana’s political stability and security as well as benign legal
Knowledge transfer is said to be in the DNA of European companies. And it is no secret that the Swiss have made vocational training central to their diplomatic and business culture. This, many would like to believe, spells good news for the African continent with