Africa’s growing consumer class is attracting the attention of investors
Reposted from The Milwaukee Journal Sentinel
By Kathleen Gallagher
To find a large number of the world’s fastest-growing economies, investors must look past Asia and South America to a less likely place: Africa.
In the United States, when a consumer buys a new car, it’s often a replacement for an older car, said Robert J. Bukowski, managing director at Alpha Investment Consulting Group in Milwaukee.
“In Africa, they’re buying their first washing machine ever, and their first car, and installing their first bathroom. That’s truly real growth,” he said. More…
Reposted from The Wall Street Journal
By PATRICK BARTA
Chairman of Leopard Capital (Marc Faber) is seeking to raise $150 million for two Myanmar – focused funds.
YANGON, Myanmar—Private-equity firms are divided over whether Myanmar will be a source of huge profits, or just another place to endure losses. More…
Reposted from Energy Tribune
By Tim Daiss
World Bank recently announced that it will resume lending to Myanmar for the first time in nearly 25 years
Since President Obama’s easing of sanctions against the Southeast Asian country in July, American as well as foreign companies are flocking to Myanmar for business — all sectors are on the table including banking, insurance, pharmacy, manufacturing, services and energy. More…
Reposted from Aljazeera
By Michael Lwin
FDI had been flowing into Myanmar well before the Obama administration officially suspended sanctions in July
This July, the Obama administration finally acted on statements made by Hillary Clinton in May, issuing general licenses allowing for new investment in and the export and reexport of financial services to Myanmar. More…
Reposted from Benzinga.com
GE will become the first American company to resume business in Myanmar
By Nelson Ham
As mentioned on Benzinga on Wednesday, legendary investor Jim Rogers stated that he sees the troubled Asian nation of Myanmar, also known as Burma, as possibly the best investing opportunity in the world. More…
Reposted from The Phnom Penh Post
Sok Puthyvuth of Soma Group (l) signs an engineering and procurement agreement with Ankur Jain of Ankur Scientific Energy Technologies of India (r) as General Electric’s President for Asia Pacific Kenji Uenishi looks on yesterday
By Stuart Alan Becker
Cambodia’s Soma Group signed a $3 million power station deal yesterday with Indian company Ankur Scientific for a 1.5 megawatt rice-husk power plant in Kampong Cham.
A team from General Electric, headed by Kenji Uenishi, president of GE Energy Asia Pacific, was on hand at the Himawari Hotel as part of a power generation seminar to announce the project.
According to the agreement, Soma Group will be the power plant operator and Ankur Scientific, the largest biomass-to-energy solutions company in India, will supply and commission the power plant, including General Electric generators. More…
Reposted from Businessweek
National League for Democracy political T-shirt
By Daniel Ten Kate
Myanmar next week holds the most inclusive elections since the military rejected an opposition victory in 1990, as the potential for economic ties with western nations encourages the leadership to relax control.
By-elections for 43 of the national legislature’s 664 seats will be held April 1, filling posts vacated by lawmakers who joined President Thein Sein’s government. The main opposition group, led by dissident Aung San Suu Kyi, is contesting seats for the first time since the 1990 turmoil. More…
Reposted from Reuters
Bangladesh independent power producer Summit Power Ltd. signed deals with General Electric and China National Electric Engineering Co. to build a 335-megawatt (MW) dual-fuel power plant, the company’s chairman said on Thursday. More…