Tag Archives: emerging economies
emerging economies: Latest News
Peter Pedroncelli, 2:15 am AFKI Original
The African continent is home to some of the fastest growing economies on the planet, with numerous nations on the continent among the top 10 best performing economies globally. The best performing economies in Africa have benefited from government policies and structural reforms, which have resulted in strong inclusive growth. According to the International Monetary Fund’s (IMF) World Economic Outlook for 2016, a long list of African economies were in line to achieve positive growth above 3% for the year 2016.
Staff, 5:32 pm
Over the last 20 years, Africa’s trade with emerging markets has grown rapidly. A slowdown in global trade could hurt demand for Africa’s export commodities. To counter this, African economies must boost intraregional trade. While unlikely to compensate for a global trade slowdown, this might mitigate some of its more negative effects. Faced with the threat of new disruptions to existing trade patterns, it’s important that African economies start trading more among themselves.
Dana Sanchez, 4:45 pm
Goldman Sachs just helped Angola successfully issue a $1.5 billion sovereign bond. Hugely oversubscribed, it attracted $7 billion in investment in spite of the government halving its budget over the past year because of the oil-price plunge. Bond investors in Nigeria registered returns of 40 percent and in Kenya, 56 percent since 2014, despite the plunge in the oil price. But some caution against being overoptimistic.
Kevin Mwanza, 1:04 pm
But unlike other emerging regions like Asia and South America, getting Africa’s emerging middle class to buy into foreign products is a totally different game plan. African have ‘peculiar habits’ and knowing how to tap into this habits is the key to breaking into this consumer market. While some like Nestle are stumbling and retreating, others like US retail giant Walmart are getting bolder about investing in the continent’s consumers.
Dana Sanchez, 5:13 pm
Urbanization and rising incomes are driving aviation growth in Africa, with the low-cost market expected to provide the largest opportunities. By 2032 Africa could host seven of the top-20 fastest-growing air traffic flows, and will need at least 1,540 aircraft to service demand, according to an Airbus forecast.
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