Markets: Latest News
Dana Sanchez, 7:21 pm
The fast-growing Sub-Saharan Africa will likely receive the majority of foreign direct investment to Africa, set to rise by more than 10 percent in 2013, approaching its 2008 record high.
Makula Dunbar, 3:00 pm
Morocco’s possible demotion to frontier market status next month may deter international investors and put the country’s stock market, already suffering from tumbling share prices and trading volumes, further at risk.
Dana Sanchez, 1:25 pm
Except for Libya and Somalia, gross domestic product in Africa is expected to rise 4.5 percent in 2013, up from 4.2 percent in 2012.
Dana Sanchez, 8:51 pm
Nigeria’s airports are not set up for exports of perishables, with the result that exports often get destroyed, an aviation boss says.
Staff, 6:08 pm
The U.S. Energy Administration on Wednesday reported an unexpected increase in U.S. gasoline stockpiles, sparking concerns that summer demand in the world’s top oil-consuming country might be weaker than expected.
Dana Sanchez, 10:53 pm
For Africa in particular, favoring environmentally sustainable policies provides a high return of investment, according to African Development Bank.
Dana Sanchez, 10:12 pm
Neighboring India has already made significant inroads in trade with Africa and Pakistan should waste no time tapping the African market, Pakistani Caretaker Chief Minister Najam Sethi said at the Lahore Chamber of Commerce and Industries Africa Show.
Dana Sanchez, 9:01 pm
Research from the University of Stellenbosch shows that aquaculture on the West Coast of South Africa could provide jobs in an area where population growth and unemployment far exceed South Africa’s national average.
Dana Sanchez, 8:38 pm
A transportation corridor linking Kenya, South Sudan and Ethiopia will drive regional integration through greater movement of goods, services and people, says Kenya President Uhuru Kenyatta.
Dana Sanchez, 7:45 pm
Japan is South Africa’s third-largest export destination and plans to display distinctly South African items such as rooibos tea, Fairtrade wines, Wedgewood nougat and design objects from Carrol Boyes and Ardmore Ceramics, according to a report in iAfrica.com.
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