Business

Fri,19Oct2018

Business

Angola | Best-laid plans

The government intends to invest in large-scale food production to reduce imports - Credits: JOERG BOETHLING/HÉMIS.FR

The government wants to break free from oil dependency, but will it be able to improve electricity, finance and infrastructure enough to break crude’s hold?

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Uganda: A bitty bourse

 

All rights reservedDespite the attractiveness of many East African companies, the Uganda Securities Exchange is frustrated  in its efforts to foster a vibrant capital markets culture

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South Africa's Ramaphosa orders inquiry at $142 billion state pension fund

South Africa President Cyril Ramaphosa speaks during the unveiling ceremony of the Nelson Mandela Statue , Monday, Sept. 24, 2018, at United Nations headquarters. Photo: Angela Weiss/AP/SIPASouth Africa's President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.

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Germany's Voith to supply more turbines for Ethiopia's Renaissance Dam

In this June 28, 2013 file photo, construction work takes place, at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. Photo: Elias Asmare/AP/SIPAGerman mechanical engineering conglomerate Voith has signed an agreement to supply turbines for a $4 billion dam Ethiopia is building along the River Nile, state-affiliated media said on Wednesday.

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Interview: Abdul Samad Rabiu, Founder and chairman, BUA Group

 

Eric Larrayadieu for JAThe billionaire founder of cement and rice conglomerate BUA Group outlines ambitious plans to expand into new manufacturing lines, but only if the government extends the same support that built fortunes in sugar and cement

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New South African finance minister to stick close to Feb budget

A 2006 photo of South Africa's then Finance Minister Trevor Manuel,, and Central Bank Governor Tito Mboweni ... now South Africa's new finance minister. Photo: AP Photo/Rick  South Africa's new finance minister Tito Mboweni will stick closely next week to previous budget forecasts for the coming two fiscal years, with only slight slippages due to poor revenues, economists predicted in a Reuters poll.

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Ethiopia | The state goes to market

Could privatising state-owned enterprises prove to be the cash cow Ethiopia needs? - Jiro OSE/REDUX-REA
A re-jig of Ethiopia’s developmental-state model will create more room for the private sector and bring in much-needed capital

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