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Business News about Nigeria, Africa, and Emerging Markets
Recent Posts Tagged With 'south africa'
VIDEO: Health of the Nigerian Market + Stanbic IBTC to Set Up Two New Fixed Income Funds in Nigeria: CNBC Africa Interview with Shuaib Audu, Head, Investment Management, Stanbic IBTC
VIDEO: 2010 FIFA World Cup: South African Police Service’s Security Measures
Standard Bank Looking at Nigeria for Possible Takeover Targets
Standard Bank Group Ltd., Africa’s largest lender, says it’s looking at Nigeria for possible acquisition opportunities as a banking crisis in the West African country slashes valuations. “The current situation in Nigeria does prese...
VIDEO: What the 2010 FIFA World Cup Means for South Africa’s Top Companies
African Exchanges Attract Emerging Markets Investors: TradeInvestAfrica Interview with Andre DeSimone, Executive Director, Kestrel Capital
Sub-Saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. Andre DeSimone, Executive Director at Kestrel Capital tells us why Africa’s stock markets continue to perform r...
Central Bank of Nigeria (CBN) Asset Management Company (AMC): Next Big Player in Nigeria’s Banking Sector, Says Lamido Sanusi
n Asset Management Company (AMC), to be floated soon by the Central Bank of Nigeria, is going to be the next big player in the regulation of the nation’s financial system. The past five months since the appointment of Lamido Sanusi as CBN gover...
Dubai Makes South Africa’s Johannesburg Stock Exchange (JSE) a ‘Gloomy Place’
he Johannesburg Stock Exchange (JSE) was red all over on Friday as investors cut their losses following revelations about the magnitude of debt problems in Dubai. During mid-morning trading on Friday, the JSE All-Share Index was 2.16% down at 26,441...
Microsoft’s Windows 7 to be Available in 10 African languages by June 2011
For most English speakers, computer terms such as “instant messenger,” “download” and “cut and paste” seem quite ordinary. However, for millions of African indigenous language speakers, the absence of technology in...
Bourse Africa to Set Up African Commodities Exchange
Bourse Africa, a unit of Financial Technologies, plans to set up an electronic exchange to trade African commodities futures by the second half of next year, Director of Strategy Adam Gross said. The Gaborone-based company is in talks with regulator...
Private Equity in Sub-Saharan Africa: Emerging Markets Private Equity Association (EMPEA) Update
The Sub-Saharan African opportunity represents one of the biggest growth stories in emerging markets private equity. Once generally overlooked by investors, fundraising activity in Sub-Saharan Africa has almost tripled from US$800 million in 2005 to ...
USA-Nigeria Direct Flight: Arik Air Launches Services between Lagos and New York JFK
Arik Air has announced that it would commence flights between Lagos and New York (JFK) beginning on Sunday, 29 November 2009. The new route will be Arik Air’s third international service outside of the West Africa region, following the commence...
VIDEO: Doing Business In Africa – Ghana – Part 1 – Pending Oil Wealth
Investec Asset Management Gains from its South African Roots
Zimbabwe is a market that is too exotic to be top of mind for the average international investor, but not for Investec Asset Management, according to Hendrik du Toit, chief executive of the group. Investec has been buying into Zimbabwe for some time,...
South Africa Eskom Dispute Sets Off Racism Charges
A struggle over how to manage Eskom, South Africa’s state-owned power company, has opened debates on racism in the boardroom and political meddling in a country where politics and race remain a volatile mix. Former chairman Bobby Godsell and fo...
Bobby Godsell, Chairman of South Africa’s National Power Company Eskom, Quits over Race Row
he chairman of South Africa’s national power company Eskom has resigned, days after he was accused of forcing out his black chief executive, Jacob Maroga. Eskom board chairman Bobby Godsell and Jacob Maroga had been engaged in a power struggle ...
Naked Short Selling Should Not Be An Issue of Concern for the South African Hedge Fund Industry, Says Alternative Investment Management Association (AIMA)
Investopedia naked short selling as: “The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. B...
VIDEO: Johannesburg (Gauteng Province, South Africa) is an Excellent Business Location
Eskom CEO, Jacob Maroga, Resigns
South African state power firm Eskom’s CEO Jacob Maroga has resigned, a source close to the company said on Thursday. Jacob Maroga’s tenure has been marked by power shortages, a record loss of R9.7 billion ($1.25 billion) in the year to M...
South African Mobile Operators Investigated for Collusion
The South African Competition Commission (SACC) has confirmed it is again investigating the country’s mobile operators for collusion, although the SACC had cleared them of the accusation only a month ago. The SACC has subpoenaed documents from ...
Zambian Development Agency (ZDA) Shortlists Eight for Zamtel Stake Sale
The Zambian Development Agency (ZDA) has revealed that it has shortlisted eight companies interested in acquiring a stake in fixed line monopoly operator Zambia Telecommunications Company (Zamtel). Those operators understood to have made the shortlis...
What’s Next for Nigeria’s Banks?
ince the audit results of the remaining 14 Nigerian banks was announced earlier in the month, there has been much speculation about foreign take-overs of the troubled institutions, as well as mergers within the sector. Going forward, the Central Bank...
Africa’s Largest Information and Communication Technologies (ICT) Mall to Be Built in Abuja, Nigeria
The Computerize Nigeria Project (CNP) will launch the biggest Information and Communication Technologies (ICT) Mall in Africa, in Abuja, in the first quarter of 2010. This ambitious project, which commenced last year and is nearing completion, is des...
South Africa’s Broadband Market Revenues to Experience Significant Growth, Says Frost & Sullivan
The South African broadband market has consistently shown significant growth rates of over 30% in the last two years, and according to a Frost & Sullivan report, this positive trend is expected to continue for the next two years. Despite the exp...
South African Hedge Funds Survey Results: South Africa’s Hedge Funds Steady in the Global Turmoil, Says Novare Investments
The South African hedge fund industry proved its resilience by remaining stable through recent market turbulence with assets under management of R29.7 billion at 30 June 2009 – just 2% lower than the previous year’s R30.3 billion. Althoug...
Self-Regulation Helps South African Hedge Funds Survive “100-Year Flood”, Says Hedgeweek
The impact of the global financial crisis on the South African hedge fund industry has been considerably less than the shockwaves felt across the international industry, and the US in particular. Despite some poor returns and a couple of funds electi...
South African Hedge Funds Poised for Next Stage of Growth, Says Hedgeweek
It has been a difficult year for all involved in the financial services sector, but recovery, albeit slow, seems to be on the horizon. For South Africa, the impact of the crisis has been much less than that experienced in other counties such as the U...
South Africa’s Hedge Fund Industry Can Benefit from Growth Opportunities in Africa, Says Hedgeweek
Finally the dust is settling and financial players are refocusing on future growth strategies. In all likelihood we will look back on 2008 as the watershed year for the South African hedge fund industry, which had its origins in the directionally tre...
South African Hedge Fund Service Providers Take on Enhanced Role in Era of Regulation, Says Hedgeweek
The efficient structuring and ongoing operational efficiency of hedge funds is very reliant on a group of supporting professionals, the services providers, and in South Africa as elsewhere most hedge funds carry out their operations with assistance f...
South African Hedge Fund Industry Presents a Compelling Case through Global Downturn, Says Hedgeweek
South Africa’s market architecture has withstood the seismic shocks unleashed by the global financial market collapse. While the rest of the world, including the in-favor quartet of Brazil, Russia, India and China, dusts itself off and revisits...
South Africa Joins the Space Race with the Launch of the SumbandilaSat Satellite
eveloped by students at South Africa’s Stellenbosch University and South African space technology firm SunSpace, the “SumbandilaSat” micro-satellite, took off from Kazakhstan’s Baikonur cosmodrome on 17 September. Pictures of ...
