Date Archives for February 2015
Staff, 8:30 am
The US and China are increasingly rivals on the world stage, competing over resources, policy and influence. One region where China has spent years establishing a foothold is Africa. Now the US is also keen to reassert itself after years of economic neglect.
Bloomberg Africa, 8:00 am
Emerging-market stocks and currencies pared their best monthly gains in more than half a year on bets rising U.S. inflation will spur interest-rate increases, curbing appetite for riskier assets. OAO Magnit led retailers’ declines in Russia, while the ruble trimmed its best-ever monthly advance.
Staff, 7:22 am
Russia, the host nation for the next FIFA World Cup, continues to struggle with the issue of racism in football
Staff, 4:27 am
Ghana’s cedi is expected to ride the wave of positive investor sentiment after the government’s successful negotiations with the International Monetary Fund, while other African currencies are likely to hold steady. The cedi has struggled against the greenback since mid-January, but held its own this week.
Staff, 4:21 am
Investors will soon be able to shield themselves against forex market volatility following an announcement by Nairobi Securities Exchange that it will launch currency futures this year. NSE’s product development manager Terry Adembesa said yesterday that plans are at an advanced stage to launch currency and index futures before the end of June.
Bloomberg Africa, 3:56 am
Nigeria’s naira is poised for its biggest monthly decline in more than six years as a delayed election and falling oil revenue batter investor confidence in the West African nation. The currency of Africa’s biggest economy and oil producer fell 0.6 percent to 203 per dollar by 12:30 p.m. in Lagos, extending its loss since the end of January to 7.6 percent
Staff, 3:49 am
AU leaders have vowed to move quickly in 2015 to fulfill the promises enshrined in last year’s Malabo Declaration. That document reaffirmed the commitment of AU member states to allot 10 percent of national budgets to agriculture, double productivity on African farms, and cut post-harvest losses in half.
Staff, 3:25 am
Ascent Capital has invested in an Ethiopian medical diagnostic laboratory company, Medpharm Holdings Africa, in its first private equity deal. The private equity firm effected the $2.5 million (Sh228 million) equity investment in the company through its Ascent Rift Valley Fund arm. It did not, however, disclose the stake acquired.
Peter Pedroncelli, 2:43 am AFKI Original
Young striker Chuba Akpom is confident that he will not waste the faith that Arsenal manager Arsene Wenger has placed in him due to his mental toughness and willingness to be competitive. Wenger recently brought the 19-year-old into the first team squad following excellent attacking displays with the club’s under-21 side, where he recorded figures of nine […]
Karen Elowitt, 6:00 pm
Think Mozambique is all about beaches and giant shrimp? Think again. From hidden cafes founded by revolutionary guerrilla fighters, to the peeling paint of party venues housed in old movie theaters, to secluded beaches laced with starfish, Mozambique is teeming with secret gems. Here are our top six favorites.
- Real Estate