Mauritius: Latest News

  • Want To Invest Outside South Africa? JSE Launches First Africa-Focused ETF

    JSE Launches First Africa-Focused ETF By Dana Sanchez, 4:53 pm

    An IPO today on the Johannesburg Stock Exchange introduced a new option for investors who want to add African exposure to their portfolios. The AMI Big 50 ex-SA ETF offers 50 African blue-chip companies outside South Africa. The IPO is a world first – an ETF offering exposure to a pan-African index that excludes South Africa. “A lot of people do worry about the liquidity risk, but being an ETF means that there is a secondary market on the JSE which allows investors in smaller quantities to trade exposure in and out of Africa,” a stakeholder said. The ETF is managed by Cloud Atlas, which plans to launch two more Africa-focused ETFs by July.

  • 12 Sub-Saharan African Countries With The Best Access To Electricity

    Access to electricity in Africa By Peter Pedroncelli, 3:25 am AFKI Original

    Many of us take access to electricity for granted, but only two out of every five people in Africa have decent access to energy to power lights and other electrical appliances throughout the day. Around 625 million people in Sub-Saharan Africa have no access to electricity, according to the International Energy Agency. We take a look at 12 Sub-Saharan African countries with the best access to electricity.

  • 2016 Was A Bad Year For Private Equity In Africa. Commodities Prices Could Turn That Around

    bad year for private equity in Africa By Staff, 12:01 am

    The fall in African private equity investment in 2016 could be a short-term blip. Among the losers was US-based Carlyle, one of the world’s winningest investment firms. Carlyle invested $147m in Nigeria’s Diamond Bank in 2014. The bank’s market cap fell by 90% over the subsequent two years. Bob Geldof’s PE firm 8 Miles just invested in Blue Skies, a British fruit firm that operates in Africa. Utilities including telecoms were the most popular target for private equity investment in 2016. West Africa was the most active region.

  • 13 African Countries With The Lowest Central Bank Interest Rates

    Central Bank By Peter Pedroncelli, 2:18 am AFKI Original

    Many countries in Africa have extremely high central bank interest rates compared to most of the world, but there are some who boast lower rates that compare favourably on a global scale. Lower interest rates allow the people of that country to be able to afford loans and pay them back at more favourable rates versus countries where the interest rates are much higher. In comparison, the United States federal reserve has an interest rate of 1 percent, while the United Kingdom’s rate is currently set at 0.25 percent. We take a look at 13 African countries with the lowest central bank interest rates.

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

  • It’s Not All About Money: 14 Happiest Countries In Africa

    Happiest Countries In Africa By Dana Sanchez, 3:22 pm AFKI Original

    Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.

  • 23 African Countries With The Lowest Unemployment Rates

    African countries lowest unemployment By Dana Sanchez, 2:43 pm AFKI Original

    South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • 12 Things You Didn’t Know About South African Business Magnate Sol Kerzner

    By Peter Pedroncelli, 3:45 am AFKI Original

    Business magnate Sol Kerzner, 81, is the innovative property developer of Atlantis mega resorts in the Bahamas and Dubai, but it was South Africa’s Sun City that first propelled him to international fame. The legendary hotel and resort developer sold his family interests in Kerzner International Holdings to a Dubai firm in 2014, but it still bears the founder’s name. Kerzner International Holdings expects to manage its first U.S. resort — also an Atlantis property — in Hawaii. Here’s how he became a global icon.

  • Betting On Poorer Africans, Soros-Backed Leapfrog Raising $800M For Investments, Eyes Kenyan Insurers

    Soros-backed Leapfrog Investments By Dana Sanchez, 9:50 am

    LeapFrog Investments is betting on poorer Africans, or “emerging consumers” because they outnumber the continent’s middle class about four to one. Kenya’s new regulations will create buyout opportunities. Nigeria’s huge population and Ghana’s more sophisticated consumers make those markets attractive too. “We’re looking at payment companies because it’s becoming a popular tool that just offers much cheaper ways of doing business” across the continent, a LeapFrog partner said.

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