Tag Archives: prices

prices: Latest News

  • How More Agri-Traders Can Improve Liquidity In Africa At The Exchange Entry Point

    agri-traders could improve liquidity in Africa By Kurt Davis Jr., 10:55 am AFKI Original

    Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.

  • Tapping Into Local Tradition: How AB InBev Hopes To Crack Africa’s Home-Brew Market

    InBev hopes to crack Africa's home-brew market By Reuters, 1:00 am

    Africa’s informal alcohol market is about four times bigger than its $11 billion commercial market, analysts say. Home brews have a strong tradition rooted in centuries-old African rituals. AB InBev needs to develop products affordable enough to tap the informal beer and alcohol markets, says InBev’s new Africa head. AB Inbev’s big rivals in Africa – Heineken and Diageo – have also launched lower-priced drinks made with local ingredients that are affordable for more people.

  • African Data Prices Falling, Income Rising

    African Data Prices falling By Dana Sanchez, 1:23 pm

    Mobile data prices need to drop significantly. Just 43 percent of the world can afford 500 megabytes per month. Over the last month, Nigeria’s leading mobile operators have announced cuts in mobile data prices, made possible by the deregulation. Telcoms can set prices as low as possible. Nigerian Internet users are ecstatic. The hope is that the trend catches on in other African countries.

  • Forget Commodities. Art Prices Are Rising: 50 African Artists You Should Be Investing In

    African Artists You Should Be Investing By Dana Sanchez

    Africa’s economy may be reeling from the commodities price bust, but art prices are holding steady or rising. A tapestry made of aluminum scraps by Ghana’s El Anatsui—possibly the best-known living African artist—sold for $1.2 million to a U.S. collector at Bonhams in London. We’ve featured artists from Zimbabwe, Ivory Coast, South Africa, Kenya and Angola that you should know about if you’re interested in investing in African art.

  • Contemporary African Art A Bargain Compared With Other Art Hot Spots

    Contemporary African art a bargain By Staff, 12:01 am

    Collectors say they’re taking a closer look at contemporary African art now because the continent’s whole scene is making a seismic break with tradition. In South Africa, at least four collectors are planning or building contemporary art museums. Former Puma chairman Jochen Zeitz is converting a 1920s grain silo on Cape Town’s harbor to a nine-story museum to exhibit his vast African art collection. His Zeitz Museum of Contemporary Art opens next February.

  • How Many Bucks? Here’s What South Africans Are Paying At Their First Starbucks

    what South Africans will pay for Starbucks - Starbucks in South Africa By Dana Sanchez, 9:39 pm

    South Africans have been obsessing over how much they’ll pay for their first cup of Seattle’s finest. Starbucks revealed its much anticipated pricing structure Wednesday at a pre-opening event for Thursday’s launch of the first-ever South African franchise. South African Starbucks coffee sounds cheaper than U.S. Starbucks until you consider how much people earn. SA’s gross domestic product per capita is $6,483 compared to $54,629 in the U.S.

  • How The Weather In Africa Is Affecting Your Easter Bunny Money

    By Dana Sanchez, 2:12 pm

    Drought in West Africa’s cocoa-producing countries hurt the harvest, causing a shortfall that helped push up the price of cocoa, which means you’re paying 10 percent more this year for your chocolate Easter bunnies than last. West Africa produces more than 60 percent of cocoa globally. Ghana saw its lowest rainfall since 1999. Some relief is expected for parts of Africa in the form heavier-than-usual rainfall. It is uncertain if this will help the cocoa-growing regions.

  • Blame It On The Price Of Crude: Luxury Car Sales Down In Nigeria

    Luxury Car Sales Down In Nigeria By Dana Sanchez, 5:19 pm

    The fall in global crude prices is hurting the Porsche dealer in Lagos. Despite the pain caused by the oil price crash, Africa’s leading economy grew by 3 percent in 2015. Nigeria is a far more resilient economy than many give it credit for, said the CEO of a Lagos-based private equity firm. Oil revenues account for 75-to-80% of Nigeria’s government budget. Buhari expects a budget deficit of $15 billion in 2016 and has asked African Development Bank for a $1 billion loan, the bank said Tuesday.

  • Because Diamond Prices Aren’t Forever, Botswana Plans Economic Stimulus

    diamonds botswana, Botswana Plans Economic Stimulus By Dana Sanchez, 5:09 pm

    Botswana plans economic stimulus for tourism, agriculture, construction and manufacturing after a drop in diamond prices slowed growth in the world’s top diamond-producing country. A consistently strong dollar helped depress diamond prices, but the U.S. makes up more than half the diamond market. U.S. demand hasn’t dropped.

  • Opinion: Internet Spells Opportunity For African Contemporary Art

    African contemporary art By Staff, 10:42 am

    African contemporary art is now firmly entrenched as trendy, but African artists are still under-represented on the global scene, which means that while the quality of work is often high, it is cheaper than similar works sold in Europe or North America. The Internet won’t supplant entrenched mores of the art market, but finding and buying African contemporary art is not as intimidating as it used to be.

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