Africa Investment 2015
DAKAR Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group , which is focusing on infrastructure projects involving power generation and transmission.
CAPE TOWN South African IT firm Dimension Data is on track to reach $8 billion in revenues this year, maintaining double digit growth led by its push into data centers, the firm's chief executive said on Friday.
JOHANNESBURG A lower oil price should give companies operating in Africa a lift but industry is not banking on it as a long-term elixir.
NAIROBI The Nairobi Securities Exchange will work with three banks to set up a clearing house for its planned offering of derivative instruments from the second quarter of this year, its chief executive said on Friday.
JOHANNESBURG Falling commodity prices, political upheaval and simmering conflict are exposing the differing fortunes of Africa's economies, undermining the idea that the continent of a billion people is on one collective ascent.
DAKAR Rapid economic growth in West Africa's CFA-franc zone will keep debt loads manageable despite a recent wave of heavy borrowing by governments, the governor of the regional central bank told Reuters.
JOHANNESBURG Atlas Mara , the newest entrant to the African banking market, plans to target low-income earners in additional to the multinational companies and middle-class consumers existing lenders have concentrated on, its chief executive said.
LAGOS Flour Mills of Nigeria expects to cut capital expenditure by almost half this year, down from 40 billion naira a year ago, as the slowdown in the economy, caused by the oil price collapse and the weakening naira, hurts consumer spending.
JOHANNESBURG South Africa's cash-strapped power utility Eskom [ESCJ.UL] may sell some of its assets to raise capital as it scrambles to light up Africa's most advanced economy, the company's chief executive said on Thursday.
(Corrects March 5 story to make clear Masawara is interested in coal-bed methane gas bloc but does not yet own it)
JOHANNESBURG Standard Bank said on Thursday it would spend the bulk of the $690 million from the sale of its global unit to capitalize its South African business and to invest more in fast-growing areas like Nigeria, Angola and Mozambique.