Africa’s evolving economic environment is producing strong stocks in a number of sectors
Reposted from Standard Digital
African investment funds have grown nearly five times in value in the past six years and are attracting new forms of capital, from local pension money to sovereign wealth funds.
Conflicts are still making the news and corruption remains a concern. Elections in Kenya next month and a probable vote in Zimbabwe in July are also stoking unease.
But investors have worked out that economies and markets vary widely in this large continent, and that businesses can carry on through difficult political times. More…
SunEdison has closed $314 million in funding for two South African solar projects
Reposted from RenewablesBiz
SunEdison, a leading worldwide solar energy services provider and subsidiary of MEMC Electronic Materials (NYSE: WFR), in partnership with Chint Solar, the Public Investment Corporation, and the Kurisani Youth Development Trust, today announced that it has closed US$314 million (R2.6 Billion) in long-term debt and equity financing for two utility solar projects in Limpopo Province, South Africa. Standard Bank and Futuregrowth Asset Management are the two senior debt providers supporting both projects. More…
Private equity firms are eyeing Africa’s investment potential in telecoms, agriculture, and consumer goods
Reposted from The Independent
By Mark Leftly
With Table Mountain looming spectacularly in the background, rows upon rows of grapes that will end up in kitchens in more than 50 countries are ripening. The De Riviere Farm is expected to export around 450,000 boxes of grapes by 2015, and a further 40,000 cartons of citrus fruit. More…
Reposted from The Himalayan Times
Nepal Stock Exchange
By the Himalayan News Service
KATHMANDU: After 14 months, Nepse has surged over 400 points as the market is flush with buyers after a long interval.
The benchmark index reached 409.41 points after gaining 21.07 per cent today. Soaring stock prices called for the operation of the circuit breaker thrice today –– the third circuit breaker halted trading prematurely after one o’clock. 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…