Companies Expanding in Africa Filed in: fdi, investment, economic growth, boston consulting group, africa, kenya, facebook, airbnb, ibm, starbucks
Consulting firms from McKinsey & Company to the Boston Consulting Group have touted sub-Saharan's investment opportunities, and now large companies from the West are following suit. Recent investment announcements are highlighted below. Airbnb: The number of people staying in Airbnb homes in Africa has increased 257 percent, with Johannesburg and...
Sub-Saharan Africa Most Optimistic in the World Filed in: economy, growth, africa, economic growth
Bloomberg reports that residents across Africa tend to be more optimistic about their domestic economies than in other regions. Nigeria is the most optimistic with people in Burkina Faso and Ethiopia also perceiving economic progress in their countries. In contrast, individuals in the developed world tend to be pessimistic...
Local African Companies Produce Outsized Success Filed in: medium-sized enterprise, economic growth, boston consulting group
From Financial Times’ This is Africa Magazine: Six local African companies are giving their globalized competitors a run for their money in their home markets, according to a new report by the US-based Boston Consulting Group. This is the first time that so many countries from the African region...
African leaders create world’s largest free trade zone Filed in: trade, regional integration, economic communities, economic growth
African leaders have decided to create a free-trade zone running from Cape Town to Cairo and covering 26 countries. With Africa’s relatively small economies, regional integration is crucial for the countries to compete at a global scale. The zone will promote intra-African trade by reducing trade barriers and easing...
Africa Economic News Update Filed in: africa, rwanda, fdi, economic growth
Analysts Raise Expectations for Economic Growth in Sub-Saharan Africa, Though Commodity Prices Pose Threat for Future, International Business Times Economic growth in sub-Saharan Africa is expected to rise this year and reach 5.4 percent in 2016, far outpacing the global 3.8 percent. Taken as a whole, the continent of Africa is...
African Economy Slows, Rwanda’s Economy Resilient Filed in: economic growth, rwanda
The Wall Street Journal reports that Africa’s overall growth rate will slow to 4 percent from its historic 4.4 percent. The stall, according to the journal, is due to the fall in oil prices as well as slowed growth in the developed world and in China. Africa’s economic...
Fitch Upgrades Rwanda to “B+” with a Stable Outlook Filed in: economic growth, investment, development, rwanda
Fitch Ratings upgraded Rwanda to 'B+' from a 'B' rating it had given the East African country earlier in 2015, according to CNBC Africa. According to Fitch, there were two reasons for the upgrade. The first is Rwanda's track record of "prudent and coherent fiscal and monetary policy." The...