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Algeria And Turkey Plan Joint Assault On African Markets

AFRICANGLOBE - Algeria and Turkey plan to work as strategic economic partners in Africa, the Algerian Prime Minister Abdelmalik Sellal said in a business forum held in Algiers on Wednesday. "Turkish brothers, lets go together hand in hand on the African Market. We can accomplish all business together," Sellal said.

China’s Million-Migrant March Into Africa

AFRICANGLOBE - Africans across the continent complain about the “Chinese propensity for bribery and corruption, for shoddy goods and for cutting corners,” according to French. This is often evident in construction projects, where roads and buildings quickly become dilapidated. Because they consistently underbid all competitors, provide financing and are adept at the art of greasing palms, however, Chinese firms own the infrastructure sector, a major conduit for migrants working on such projects eager to escape grim prospects back home.

France Plots Assault On African Markets And Trade

AFRICANGLOBE - French President Francois Hollande reacted to being told France is in danger of missing the boat in Africa on Tuesday by challenging the nation's business leaders to double trade with the continent. Citing a report that meeting that goal over the next five years would generate 200,000 jobs in France, Hollande told a major conference of French and African business leaders: "That is our objective: France must double its trade with Africa."

Nigerian Bourse Records Stellar Performance

AFRICANGLOBE - The Nigerian bourse continued its march towards new heights and outperformed other African markets by the end of July 2013.

Nigerian Equities Take Lead in New Scramble for Africa

AFRICANGLOBE - The Nigerian equities market is leading African markets posting a return of 63 per cent in United States dollar terms during the last 12 months as foreign investors scrambled to be part of the bumper harvest in frontiers markets. Reports by Financial Times (FT) of London also indicated that money flowing into Africa-dedicated equity funds last December reached $878.4 million.

African Markets Outperform Rivals

With global growth subdued, African markets are outperforming their rivals. As the global economy muddles through, African equity, FX, local bond and Eurobond markets are...

African Economies ‘To Remain Resilient’ in 2012

While economic growth in Africa will remain subdued at about 5% in 2012, in line with an expected slowdown in global activity, none of the continent's key economies are expected to slip into recession, a new report by Standard Bank says. The bank's latest African Markets Revealed report examines some of the key international and local factors that will drive markets in 21 African economies and covers strategies for investing in the continent across foreign exchange, interest rates, equities and Eurobonds.