Tag Archives: commodities prices
commodities prices: Latest News
Kurt Davis Jr., 10:24 am AFKI Original
Mauritania requires no royalty payments, which is not the norm. This is a benefit for oil, gas and mining explorers anxious about paying royalties when commodity prices are unpredictable. Mauritania’s corporate income tax rate is relatively low at 25% — a plus in a region where the tax and fiscal systems can change any investor’s outlook on risk and reward. Large government irrigation projects have aided agricultural production in the desert. Israeli technology and cropping strategies have had some success in other parts of Africa. There is potential here, but it requires investment in technology — not always a priority in agriculture.
Dana Sanchez, 9:52 am
The surprisingly strong bull market in commodity prices in 2016 contributed to increased activity in mining and metals deals in Africa, says Quintin Hobbs, Africa mining and metals transactions leader at Ernst & Young. Organizations ran leaner and more efficient, with stronger balance sheets. The outlook improved so significantly through the course of 2016, that the predicted level of divestments and assets listed at rock-bottom prices at the beginning of 2016 just didn’t materialize, another expert said.
Kevin Mwanza, 1:52 am
South Africa’s new vehicle export to the rest of Africa dropped 54 percent in the first eight months of this year as a commodity slump continued to hurt some of the continent’s largest economies leading to a drop in automotive sale from the continent’s most industrialized nation since 2013. South Africa’s exports to the rest of the continent in 2013 were 78,787 units but have fallen to 14,723 vehicles in the first eight months
Dana Sanchez, 12:42 pm
Piracy and maritime crime is on the rise in the Gulf of Guinea, with 32 attacks off the Nigerian coast so far this year. New players are getting involved. Some of the gangs operating in the gulf are the same ones that have operated inside Nigeria, where kidnapping is a common crime. East Africa, once notorious for Somali hijackings, has seen a decline with just nine suspected piracy incidents in 2015. The decline can be attributed to a global and regional patrolling effort involving international naval ships, armed guards on private vessels, and a special court in the Seychelles established to try piracy.
Staff, 6:09 am
The rush to Africa became a perennial talking point at the World Economic Forum in Davos, prompting an increase in Africa’s participation at the prestigious gathering of world leaders. This year, however, the conversation has shifted. Investors are now reflecting on the economic headwinds facing almost all emerging economies. Davos 2016 looks set to be a tough one for African delegates as they try maintain interest in the continent.
Global Risk Insights, 5:25 am
Plunging commodity prices and sustained economic headwinds made 2015 a painful year for most in sub-Saharan Africa. In fact, a number of factors, including record-low oil prices, a worrying slowdown in China, and an emerging markets crisis, conspired to ensure that the pace of growth remained lower. Moreover, despite an improved third quarter, the IMF was forced to revise its earlier predictions.
Kevin Mwanza, 1:45 am
Atlas Mara, an Africa-focused financial sector investment group, says it expects to get more investment opportunities in sub-Saharan Africa as the commodity price rout on global markets persists and the U.S. dollar strengthens. The rapidly growing sub-Saharan Africa financial services group has been on an aggressive investment plan in banks across the continent as it seeks to become a leading banking group in the region.
Anna B. Wroblewska, 4:29 am AFKI Original
The head of Mali’s state-owned textile development company, CMDT, announced recently that Mali’s target cotton production is 800,000 tons by 2018. Last season, Mali produced a 552,000 tons. “It is an ambitious target,” said Victoria Crandall, soft commodities analyst at Ecobank.
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