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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).

Nigerian Economy Grows 6.28 Percent

The Nigerian economy grew by 6.28 per cent in the second quarter of this year, driven by non-oil sector growth, while inflation fell for...

Nairobi Among Top Destinations in Africa

Nairobi is set to become the fourth most visited destination city in Africa this year, according to the 2012 MasterCard Global Destination Cities Index. The...

Johannesburg Africa’s Second Most Visited City

Johannesburg will be Africa's second most visited city this year with an expected 2.5-million international visitors, according to the latest Mastercard Global Destination Cities...

South African Manufacturing Creates More Jobs

South Africa's manufacturing sector is enjoying higher levels of employment for the first time in over a year and activity remains stable, according to...

Analysts Predict 13 Percent Growth for Nigerian Stock Market

Despite recording a decline of 0.7 per cent in the first month of the year, more capital market and financial analysts remain optimistic that...

South Africa’s Business Confidence Remains Resilient

AFRICANGLOBE - A slight drop of only one index point to 38 in the RMB/Bureau for Economic Research Business Confidence Index (BCI) was surprising, Rand Merchant Bank (RMB) said last week. It said this should keep South Africa on track for economic growth of three percent.

Rwanda's Investment Strategy Paying Off

Recently Rwanda has embarked on an ambitious drive to promote business and attract investors. Rwanda Development Board (RDB), has spearheaded a number of reforms that have made Rwanda an ideal investment destination.

Nigeria's Post-Election Rally – Investors Recover N164 Billion Value On Investment...

The NSE-30 Index which measures the performance of blue chips in the market appreciated by 17.71 points or 1.56 per cent to close at 1,148.77. All of the four sectorial indices appreciated during the week