• Africa’s 2015 Economic Outlook Positive Despite Challenges

    risk management By Staff, 12:45 pm

    Assuming a gradual strengthening of the world economy and improvements in political and social stability in those African countries currently affected by conflicts, the African continent is set to record a projected +5% economic growth in 2015. Foreign direct investments (FDI) and external financial flows play an increasingly important role in Africa’s development and economic growth prospects.

  • Seychelles Awarded For Best Residential, Commercial Property

    By Staff, 12:24 pm

    Seychelles residential and commercial properties have earned recognition at the recent International Property Award held in Dubai. The London based International Property Awards (IPA) assesses and awards the best developers worldwide. The projects submitted are first judged on a regional basis after which the best are eligible to represent their respective regions and stand a chance to win an International Property Award.

  • Mobile Subscribers Hit 45M In Algeria

    By Staff, 6:20 pm

    Tele-density in Algeria has been calculated at 115% by end-November this year. Telecommunication authorities from the North African country have stated that the number of mobile telephony subscribers has reached near 45,5 million. A report by the Algerie Presse Service (APS) quotes Mohamed Toufik Bessai, President of the Regulatory Authority of Post and Telecommunications (ARPT), as confirming that the subscriber figure includes over 8 million 3G customers.

  • Another Ebola Outbreak Hits Liberia As New Cases Emerge

    By Staff, 6:08 pm

    An outbreak of Ebola cases in a western Liberia county threatens the country’s goal of recording no new cases of the disease by the end of the year. From Dec. 1 to 25, some 49 cases of Ebola were reported in Grand Cape Mount County. This included 27 confirmed cases, nine probable and 13 suspected, said Tolbert Nyensuwah, assistant minister for preventive services and the head of Liberia’s Ebola response.

  • EU, USAID Program Connects Zimbabwe Farmers To Markets

    By Staff, 6:16 pm

    In the bushes of Chimanimani, about 400 km (248 miles) southeast of Harare, Marcia Matsika collects baobab fruit in the scorching heat. She is one of 8,000 small-scale farmers in dry land areas of Zimbabwe who have benefitted from a program designed to teach harvesting and production skills and to link collectors or farmers to buyers and markets.

  • South Africa To Solidify Mauritius Tax Treaty?

    By Staff, 5:58 pm

    South Africa needs to finalise the renegotiation of its tax treaty with Mauritius as soon as possible to prevent the loss of large sums of money through “treaty shopping” the Davis tax committee has urged. The committee released its interim report on ways to prevent base erosion and profit shifting last week, one of the chapters of which dealt with treaty abuse.

  • Botswana To Follow In India’s Development Footsteps

    By Staff, 5:24 pm

    Botswana has sought Bangladesh’s support for develop its society and economy. Its visiting State Minister for the President’s Office and Public Administration Dikgang Phillip Makgalemele conveyed this message to Foreign Minister Abul Hassan Mahmood Ali on Sunday. The foreign ministry said he was “surprised” to see Bangladesh’s agricultural and economic progresses and showed interest in learning from those successes.

  • Blame The Bats: Why Deadly Viruses Are On The Rise In Africa

    By Staff, 5:57 am

    As the Ebola virus ravages western and central Africa, one of its virulent cousins has turned up in the opposite corner of the continent. Ugandan authorities report that a healthcare worker in Kampala, the country’s capital, died on Sep. 28 of Marburg virus, a hemorrhagic fever with similar symptoms to Ebola. The 30-year-old radiographer had come down with symptoms about 10 days earlier.

  • Wife Swapping With An African Tribal Touch In Namibia

    By Staff, 6:08 am

    Wife swapping among Namibia’s nomadic tribes has been practised for generations but a legislator’s call to enshrine it in law has stirred debate about women’s rights and tradition in modern society. The practice is more of a gentlemen’s agreement where friends can have sex with each others’ wives with no strings attached. Swinging with an African tribal touch?

  • Africa’s Private Equity Market Still On A Learning Curve

    By Staff, 3:11 am

    “The returns in Europe and the rest of the world have been low so the only place where you get good risk-adjusted returns is Africa,” U.S.-educated Makatiani, 47, said from a swanky office block on Nairobi’s upmarket Riverside Drive, where other new financial ventures have set up a regional base. Their expansion marks a turnaround in attitudes to Africa, but masks many of the emerging challenges for both new and more experienced private equity firms on the continent.