SAP to Accelerate Africa Investment on China-Sized Opportunity – Bloomberg
Bloomberg |
Bloomberg
“Over a five-year period the compound average growth rate will be beyond 20 percent” in Africa, Snabe said yesterday. “It’s going to be an accelerated investment plan, which means it’s beyond what we normally do, it assumes an accelerated return. |
UPDATE 1-Ghana central bank raises prime rate to 16 pct – Reuters
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Reuters
ACCRA May 22 (Reuters) – Ghana’s central bank raised its prime interest rate by one percentage point to 16 percent on Wednesday, citing potential inflation risks from a weakening cedi currency and high government spending. Central Bank Governor Henry … |
S.Africa interest rate unchanged amid high inflation – AFP
AFP |
AFP
JOHANNESBURG — The South African Reserve Bank held interest rates unchanged Thursday in the face of high inflation, while warning of major risks to already mediocre growth. A downbeat Reserve Bank governor Gill Marcus said the main interest rate … |
AFRICA INVESTMENT-Zambia risks breadbasket dream with subsidy cuts – Reuters AlertNet
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Reuters AlertNet
LUSAKA, May 23 (Reuters) – Zambia’s decision to cut subsidies on maize and remove a fuel subsidy is likely to hamper output of the staple grain, raise prices and dash its goal of becoming a regional breadbasket. The southern African country reduced a … |
Investment to Africa understated by $5b: bank report – China Daily
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China Daily
Chinese official data have understated foreign direct investment from China to Africa by at least $5 billion, said the South Africa-based Standard Bank in a report released on Wednesday. “In Africa, evidence suggests that Chinese data may underreport … |
World Bank announces $1bn for Great Lakes – Aljazeera.com
Aljazeera.com |
Aljazeera.com
The World Bank has announced $1bn in development funding for Africa’s Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised fears once again of an escalation in the conflict. Jim Yong Kim … |
UPDATE 1-Nigeria’s NNPC and Exxon unit to tap bond market by 2016 – Reuters
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Reuters
ABUJA/GENEVA, May 23 (Reuters) – Nigeria’s state-oil company and a local unit of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in developing oil exploration projects, the companies have said. The Nigerian National … |
IOCs Plan US$165 Billion Investment in Nigeria – AllAfrica.com
 National Mirror |
AllAfrica.com
Lagos — International Oil Companies (IOCs) have expressed readiness to invest $165 billion (about N25.9 trillion) in Nigeria in the next five years. The companies said such investment will go into new oil and gas development and infrastructure that … |