Staff

  • Home Prices Up Almost 12 Percent In Cape Town, Above Average In Durban, PE

    South African home prices By Staff, 5:31 pm

    In KwaZulu-Natal the strongest activity is along the North Coast from Durban to Ballito — popular among investors. Residential development in upscale areas such as uMhlanga and Sibaya is enormous, prompting converns of oversupply, but home prices are expected to increase. Durban’s North and South Beach areas, including The Point, have increased as popular residential areas, thanks in part to the general upgrade to the Promenade.

  • French-African Fund Targets Startups, Claims To Be First ‘Cross-Border’ Fund

    French African fund By Staff, 1:00 am

    An investment fund that describes itself as “the first cross-border fund between Africa and France” wants to help French companies expand in Africa and African companies expand into France and other E.U. markets. Investments will be in the form of equity participation, generally through minority stakes. The fund’s capital will targeted towards African startups displaying a high growth potential. Investors include Orange, Bpifrance, Société Générale and Proparco.

  • Is Sibanye Gold Heading For The Door Or Just Reducing Exposure In South Africa?

    Sibanye Gold By Staff, 2:46 pm

    Exclusively a South African gold producer until September 2015, JSE-listed Sibanye Gold is set to become the world’s fourth-biggest platinum and third-largest palladium producer. Sibanye hopes to acquire Montana-based Stillwater Mining for $2.2 billion. If completed, the acquisition will further dilute Sibanye’s portfolio. Sibanye began its expansion in 2016 with the purchase of platinum mines in Southern Africa. The Stillwater deal is in a whole other league. It’s much more valuable and involves mines far from Sibanye’s home country.

  • Nigeria Losing Out As Real Estate Capital Flows Shift From Sub-Saharan Africa To Europe

    Real Estate Capital Flows Shift From Sub-Saharan By Staff, 12:17 pm

    Nigeria should be witnessing major investment into its commercial property industry, given its large economy relative to the rest of the continent, its population, which is more than 184 million people and its general development potential. Yet its reliance on oil and its volatile currency had hindered investment. South African investment groups invested in Eastern Europe at the expense of opportunities closer to home, to the tune of around $1.5 billion in 2016. This was more than the total investment volumes recorded in Kenya, Nigeria and Ghana for the past five years or so.

  • Where To See Animals In Kenya Without Going On Safari

    Where to see Animals in Kenya without going on safari By Staff, 2:20 pm

    It’s somewhat disconcerting to look at gazelles with the roar of traffic as your soundtrack, or see a line of skyscrapers on the northern edge of the park, but this is Africa. If you’re visiting Nairobi and don’t have time to head out into the bush, you’ll find one of the best urban wildlife parks in the world just a few miles from the city’s central business district. All you need is a few hours. At the Nairobi National Park, I saw giraffe, Cape buffalo, wildebeest, baboons, impala, a rhino and her baby, and — unexpectedly — lions mating.

  • Should US Exports To Africa Be Duty free? Opinion: Trump Will End Unilateral Trade

    By Staff, 3:53 pm

    Recently renewed by U.S. President Barack Obama, the African Growth and Opportunity Act, or AGOA, allows qualifying African countries to export certain products to the U.S. duty free. U.S. exports to Africa, however, are subject to customs duties. Incoming President Donald Trump isn’t going to go for that, says Herman Cohen, a former U.S. ambassador to several African countries. “I have the feeling that he will ask African governments to accept reciprocity in trade relations,” Cohen said.

  • Mounting Biking In The Atlas Mountains: Seeing Goats In Trees Never Gets Old

    Mounting biking in the Atlas Mountains By Staff, 4:14 pm

    Seeing goats in trees never gets old. Learn how to pour a proper mint tea and see goats hanging out in a tree on a mountain biking trip through the Atlas Mountains. As part of a two-week trip around Morocco, cinematographer Evan Burris Trout did a four-hour Atlas Mountain bike trip. He visited a mountain souk, learned about local customs and experienced Moroccan hospitality during a delicious home-cooked meal at a mountain vacation rental home.

  • Morocco Seeks African Union Reinstatement, Settlement Of Unresolved Western Sahara Issue

    Morocco seeks African Union reinstatement By Staff, 3:13 pm

    Morocco’s investment in sub-Saharan Africa the past decade represents 85% of its overall foreign direct investment stocks. The story of its national carrier, Royal Air Maroc, testifies to its expansive economic ambition on the continent. Morocco has expanded economic ties with many African countries through trade and investments since it left the African Union. It now seeks to return to the A.U., boost these ties and settle the unresolved matter of the Western Sahara. It has support of 28 African countries. Leaving the A.U. was a “strategic mistake,” a stakeholder said. “Africa is our natural home.”

  • Trump’s Team Asks State Department How Much US Aid To Africa Is Stolen By Corrupt Governments

    US aid to Africa is stolen By Staff, 1:38 pm

    A four-page list of Africa-related questions from Trump’s transition team to the State Department suggests a U.S. pullback from development and humanitarian goals but not necessarily from trade. How does U.S. business compete with others in Africa? Are we losing out to China? How much U.S. funding is stolen due to corruption? Why should we spend these funds on Africa when people are suffering in the U.S.? Americans believe the U.S. spends 25% of its budget on foreign aid. In reality it’s closer to 1%.

  • Is Africa Becoming Ground Zero In China’s Campaign To Isolate Taiwan?

    China's campaign to isolate Taiwan By Staff, 1:01 am

    As a Chinese official dangled the possible reward of $40-billion US in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade office by China’s rival, Taiwan. The Chinese diplomatic offensive has ramped up sharply since last year, when the independence-minded Democratic Progressive Party emerged victorious in Taiwan’s election. Since then, Beijing has lured two more African countries away from Taiwan’s embrace, while also battling to weaken Taiwan’s links to individual African politicians.