Africa Economy

Displaying 1549 - 1554 of 1991
En Tunisie, les petites et moyennes entreprises (PME) se heurtent depuis longtemps au problème de l’accès au crédit mais il se pourrait bien qu’une série d’initiatives récentes contribue à leur apporter une bouffée d’oxygène à court terme.
In the latest push by Nigeria’s larger corporates to expand their continental footprint, Dangote Industries has announced plans for significant new capital commitments throughout sub-Saharan Africa alongside two of the world’s largest institutional investors at the first ever US-Africa Summit in Washington DC in August.
Having been among the continent’s fastest-growing economies on the back of an oil-fuelled boom, Ghana has cut its growth target for this year and revised its forecast for inflation and budget deficit upwards as a result of slowing commodity revenues and high current spending.
Debts markets in Nigeria have traditionally been dominated by sovereign issuances, but as demand for African bonds continues unabated, an increasing number of Nigerian banks are looking to tap into rising investor sentiment to expand their financing options.
Setting a new record for a maiden sovereign issuance in Africa, Kenya successfully tapped the Eurobond markets for the first time in June, selling $2bn worth at better-than-expected rates.

The only monarchy in North Africa, Morocco has one of the more diversified GDP mixes in the region, and the mainstays of the economy include agriculture, tourism, and the textiles industry; higher-end manufacturing, IT and communications, and outsourcing are also all becoming increasingly important. The past few years have seen some significant changes, yet the kingdom has remained stable, even amidst the broader regional turmoil.

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