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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).

January 3, 2013No CommentRead More

Top 5 Best Companies in Africa 2012

December 26, 2012 No Comment

AFRICANGLOBE – After a wonderful year for businesses across Africa, an euphoria of greater success is what every entrepreneur, CEO and businessman carries into 2013. We have been reporting on African entrepreneurs and businesses throughout 2012

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

December 9, 2012 No Comment

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 [...]

An Analysis of the Enormous Growth Opportunities in African Economy

December 7, 2012 3 Comments

AFRICANGLOBE – One of the biggest business stories of this year has been the recognition by investors and the Obama administration that the African continent is one of the best places on the globe to bring your investment dollars. That’s the message of a long analysis of the African economy done recently, saying that it [...]

South Africa Bids to Become World’s Call Center Capital

December 7, 2012 No Comment

AFRICANGLOBE – Your phone rings. Someone’s trying to sell you financial services. The person you’re speaking to is likely to be sitting in a massive room with hundreds of other people. And if you’re in an English-speaking country, the chances are they will have an Indian accent. India may be the world leader in call [...]

The Failure of Land Reform in South Africa

December 6, 2012 1 Comment

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 [...]

South Africa: Creating a State-Owned Steelmaker One Step Closer

November 27, 2012 No Comment

AFRICANGLOBE – South Africa moved one step closer to the creation of a state-owned steel manufacturer on Monday with the Industrial Development Corporation’s (IDC’s) R3.4-billion acquisition of Anglo American’s majority stake in the Scaw Metals Group. Resources giant Anglo American said in a statement on Monday that it had finalised the sale of its 74% [...]

Nigeria Biggest In Africa for Sub-National Bonds

November 22, 2012 No Comment

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 [...]