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Egypt, Kenya, Nigeria Rated World’s Most Profitable Stock Markets

AFRICANGLOBE – The Egyptian stock market has emerged the most appreciating stock market in the world for the just concluded year, as investors were rewarded with a 49.56 percent yield-to-date (YTD) return on investment from the Egyptian Exchange (EGX).

South Africa’s Economy Remains Firmly in White Ownership — Study

AFRICANGLOBE – South Africa’s Black majority directly owns less than 10% of the Johannesburg stock market, a study showed on Thursday, evidence that Africa’s top economy remains firmly in White hands nearly two decades after the end of apartheid. Despite the ruling African National Congress’ drive for “Black economic empowerment”, under which firms are set [...]

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The Failure of Land Reform in South Africa

AFRICANGLOBE – Almost two decades after the end of apartheid in South Africa, the failure of the agrarian reform policies of the African National Congress (ANC) has exposed the liberation movement’s inability to resolve the land question. The land reform promise was encapsulated in the ANC’s 1955 Freedom Charter, the movement’s main statement of principles [...]

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Nigeria Biggest In Africa for Sub-National Bonds

As Lagos prepares to launch a new 80 billion naira ($507.9 million) round of bond sales, Nigeria is revealed to have the largest sub-national bond market in Africa. With 448.6 billion naira ($2.8 billion) of debt in the Nigerian municipal and sub-national bond market, it is the largest such market of all African countries.  South [...]

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Africa Becomes World’s Second Largest Mobile Phone Market

AFRICANGLOBE – After moving from an accounted sales of 90 million mobile phones in 2005 to an estimated 450 million in 2012, Africa has now become the world’s second largest mobile phone market after China. VP and COO, Samsung electronics Africa,  George Ferreira, made this known at the Africa Regional launch for the manufacturer’s new GALAXY [...]

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African Apps Take on Mobile Gaming Industry

Move over Japan. Move over Silicon Valley. Africans are making a bid to turn the continent into the new home of mobile gaming. With more than 700 million mobile broadband subscribers across the continent, it’s little wonder a growing number of young entrepreneurs are jumping on the digital bandwagon and creating innovate, interactive content for their [...]

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Trade Barriers Cost Africa U.S.$20 Billions Yearly

African states including the East African Community (EAC) member states have been urged to dismantle trade barriers in a move that would enable them to generate an extra $20bn earnings per annum. A new World Bank report says that Africa’s farmers can potentially grow enough food to feed the continent and avert future food crises [...]

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South African Exports to Africa On the Increase

With the continued gloomy outlook in eurozone countries and a slowdown in growth in a number of developing economies, a rapidly growing Africa holds clear opportunities for South African businesses, South African Finance Minister Pravin Gordhan said on Thursday. Tabling his Medium Term Budget Policy Statement in the National Assembly in Cape Town, Gordhan said [...]

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Where are Africa’s Gadget Makers?

In my line of work I get to meet a lot of talented developers, entrepreneurs and people who are just plain passionate about technology and Africa. These people tell me their story, pitch me their start-ups and sometimes show me how they intend to change the world. I like it; it makes me feel like [...]

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