The move signals a change in strategy for the retailer.
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Africa : Commodity Bridgehead to Asia
Trade from and in Africa, the New Asia Bridgehead, with Investors Europe Mauritius Stock Brokers. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended and neither do we solicit clients from the U.S. or any other specific jurisdiction, including the Republic of Mauritius inter alia.
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The move signals a change in strategy for the retailer.
"Africa’s biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region"
Currencies on the continent have depreciated significantly against the US dollar since 2014 or, in the case of managed currencies, have been devalued. SPONSORED: Business opportunities in Africa Sahara Games: Everything you need to start an online gaming business Xpanda: Opportunity to become an official distributor of security products across Africa BASETrack Systems: Partnership opportunity …
According to Deloitte’s African trends going into 2017 – How business needs to plan for the changing continent report. The downturn suffered by many African economies following the drop in global commodity prices in 2014 has resulted in a repricing of their economies
Africa has many crowdfunding success stories. The idea of funding a venture by raising money through many small contributions is ubuntu at its finest.
“Africa is not new to crowdfunding success stories, with the idea of funding a venture or idea by raising money through many small contributions via the Internet striking a cord among Africans – Ubuntu at its finest”
There are a number of challenges and obstacles that stand in the way of producing the right environment to nurture successful African tech startups.
“Africa is the new tech frontier, with a great deal of potential and passion for technology that should translate into the right environment to nurture and grow successful African tech startups, but obstacles and struggles remain. We take a look at 12 things that need to be addressed in order to help struggling African tech startups”
Develop the narrative around your product, says the CEO of an African blockchain startup: How African tech firms export their innovations.
“African tech companies are increasingly exporting their innovations outside their home markets to the U.S. and Europe, among others. This has especially been the case with South African firms. Fintech company Entersekt, blockchain startup Custos Media and e-health company hearScreen are flying the flag for the country in the developed world, and flying it well”
The hoped-for flows onshore from last year’s amnesty on offshore wealth have failed to materialise, so far. Meanwhile, Citi and HSBC have sold up. So where did a 15% increase in assets under management come from?
“Paulo Corchaki, head of UBS Wealth Management Brazil, had a good 2016; his firm’s assets under management grew by 55%. And it had nothing to do with the boost to client inflows after last year’s amnesty for declaring offshore wealth. Rather, he says, it was the local market’s dynamics”
The Dangotes are the exception. Most businesses built by African entrepreneurs are local. African entrepreneurs share advice on how they became successful.
“The vast majority of businesses built by African entrepreneurs are local. Local political patronage and connections often sustain African entrepreneurs, according to Ghanaian lawyer and entrepreneur Elikem Nutifafa Kuenyehia. Still, their efforts often turn these entrepreneurs into superstars in their communities. Some African entrepreneurs share advice here on how they became successful”
Demo Africa has sent 20 African startups to Silicon Valley. Arriving there is no guarantee of success: the bridge between Africa and Silicon Valley.
Demo Africa has sent 20 African startups to Silicon Valley over the last four years. Where are they now? Twelve of them are still alive and breathing, about four of them on life support, and four of them “are just dead and done,” said angel investor Stephen Ozoigbo in a Black Enterprise interview.
US withdrawal from these agreements would imperil Africa. It is the region least responsible, most vulnerable and least able to afford the cost of adapting to global climate change. Southern Africa is already suffering the effects of global warming rates that are twice as high as the global average.
"If Donald Trump forsakes President Barack Obama's US climate agreements, the resultant global warming will wreak havoc on the continent"
Africa's population is expected to double by 2050. Around the continent, a number of infrastructure projects are underway to handle that explosive growth.
Here are some of the largest projects coming to Africa in the next several decades
A Year On: Magufuli’s Reforms And Tanzania’s Economic Outlook
Much the renewed confidence in Tanzania’s economic outlook is a likely result of John Magufuli’s reformist attitude toward Tanzania’s premiership. As Magufuli puts an end to the pilfering of public money in the Tanzanian government, we are seeing the same steely determination that brought him success building roads to the premiership. Two questions, however, remain: how sustainable is this uncompromising approach to the presidency, and will the electorate tire of the increasingly dominant political settlement? Is Magufuli a future despot?
Sources have questioned whether Zimbabwe bond notes are backed by $200m Afreximbank loan
"The financial backing for Zimbabwe’s bond note programme has been called into question after analysts said that a $200m facility from the African Export-Import Bank (Afreximbank) to support the notes may not actually be in place"
Selasi Attipoe, a Ghanaian public servant responds to Lidudumalingani Mqombothi's article on Africa's millennial generation (TAR 84 Oct. 2016)
"Many of today’s youth complain of high unemployment rates and wait for government employment but others have learnt to become entrepreneurs. The Generation Y of our time are interested in new and improved ways of doings things and that has been made easier thanks to technology"