As one major South African retailer hit rock bottom, the retail sector across Africa remains highly competitive and potentially rewarding but also full of risk. Gareth Stokes reports from southern Africa, while on the following page, Steve Mbogo considers the east African view.
Steve Mbogo takes a look at the retail sector in east Africa.
The past four years have seen massive changes in the Ivory Coast’s economy but a recent vote on a new constitution has worried some.
Electoral officials in Ivory Coast announced on 2 November that the ‘yes’ campaign had won the 31 October referendum on a new constitution, with 93.42% of the votes.
A major claim related to a leak at an oil installation in Ghana is set to send shockwaves through the local market and raise questions about the sustainability of local carriers.
Rollout of the new Africa passport has continued as more African leaders start to receive the new document, designed to give all Africans free movement across the continent.
Sovereign debt levels and debt servicing costs have risen in Sub Saharan Africa (SSA) in recent years and will continue to do so in 2016 and 2017, Fitch Ratings has warned.
Sub Saharan Africa’s competitiveness has slightly weakened year on year, mainly as a consequence of deteriorating macroeconomic environments across the region, according to the Global Competitiveness Report 2016-2017 from the World Economic Forum (WEF).
Up to $10bn of investment by 2019 could be made by the African Development Bank to Nigeria, after the bank’s president Dr Akinwumi Adesina met with Nigerian vice president Yemi Osinbajo.
Doom-mongers may have written Africa off because of the slowdown in China, but not everyone is pessimistic. A new report from McKinsey Global Institute reveals Africa has plenty of potential ripe for the picking.