Investors play the waiting game in post-Mugabe Zimbabwe Tawanda Karombo With a new government in place in Zimbabwe, foreign investors remain in a wait-and-see mode as international institutions call for reforms. Tawanda Karombo reports. Foreign Direct Investment (FDI) prospects in Zimbabwe may have been enhanced by the exit of Robert Mugabe as leader of the country,…
Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin. The 60-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Since its founding in 1983, Sunshine Investment Group has built…
Inside the headquarters of Ozzie Business and Hospitality Group, an office that is as small as an ordinary studio apartment in Bole, the exclusive neighborhoods of Addis Ababa, Kumeneger Teketel is multitasking. He is seated comfortably in an office facing the magnificent landmark Bole Medhanealem Church with a view of the capital that is fast…
Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks 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…
Apartheid-Rooted Sasol will continue to milk Mozambique Sasol Limited (NYSE: SSL), an integrated energy and chemical multinational company based in Sandton, South Africa has been pillaging Mozambique and “will continue to milk” the country, according to a report recently released by Oxfam and its…
Background to the Barrick Gold/Acacia Mining Dispute With Tanzania and Way Forward Recent reports, especially Western business media, regarding the relations between Barrick Gold Mining Ltd. (ABXU.S.: NYSE) / Acacia Mining Plc. (LON: ACA) and the government of President John Magufuli have tended to forget the history of the formerly socialist country’s relations…
What Did Tanzania Really Gain From the $300m Deal With Barrick Gold/Acacia? The investment world has been abuzz with news of the recent agreement by which Barrick Gold’s majority-owned African subsidiary, Acacia Mining Plc will give Tanzania a 16 percent stake in three gold mines, a 50 per cent share in revenues from…
Comment: On 5 July 2017, the Competition Commission of South Africa has announced its conditional approval of The Dow Chemical Co. and E.I. du Pont de Nemours Co.’s $130 billion merger. The decision follows similar conditional approvals from global antitrust authorities in Canada and Mexico last week and from the U.S. Department of Justice on June 15, 2017. Dow…
Nigeria Woos Foreign Investors From UK, USA, China With Online Business Registration in Absentia OCTOBER 9, 2017 THE Corporate Affairs Commission, CAC, says it has made provisions for foreign investors planning to invest in Nigeria to register their companies from UK, USA and China without coming into the country. Registrar-General of…