For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
Experts have recommended the formalization of the Zambia-Malawi-Mozambique Growth Triangle (ZMM-GT) by member States in the participating region. This was contained in an outcome statement of a two day review meeting held in Maputo, Mozambique from 8-9th December to discuss a way forward for the near defunct initiative.
SacOil, the Public Investment Corporation SOC Limited and The Instituto de Gestão das Participações do Estado have signed a Joint Development Agreement dated to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique’s Rovuma fields into South Africa, with off-takes to other neighboring Southern African Development Community countries.
Visa Nigeria has released the second annual Visa Africa Integration Index that measures the degree of economic integration within key trade corridors of sub-Saharan Africa, namely West Africa, East Africa and Southern Africa.
The African Development Bank Group (AfDB) and Moza Banco signed a loan agreement for the equivalent of US $9 million in Mozambique Metical (MZN) on November 14, 2014.
Jay Ireland, President and CEO of General Electric Africa (GE Africa) has been named as one of the 15 private sector leaders to President Obama’s Advisory Council on Doing Business in Africa.The new appointees represent small, medium, and large companies from a variety of industry sectors. They will provide expert counsel on strengthening U.S partnerships with African countries and leverage opportunities for U.S. companies operating in Africa for the long term.
Kaymu, the leading online marketplace for emerging markets, today announces that it will charge sellers zero commission in over 50% of the countries where it is active, namely Algeria, Angola, Ethiopia, Kenya, Rwanda, Morocco, Tunisia, Zambia and Mozambique.
Metals of Africa has appointed Cherie Leeden as its managing director from her previous role as executive director following its recent successful placement ...