Chinese mobile manufacturer Alcatel plans to spend US $35 million on a new marketing strategy for East Africa
Reposted from IT News Africa
By Mohammed Awad
International mobile phone manufacturer Alcatel One Touch has announced its intention to spend KES 3.4 billion (approximately US $35 million) on its marketing strategy for the East African region.
The countries being targeted are Kenya, Uganda and Tanzania. More…
African equities are soaring, particularly in countries with burgeoning oil industries
Reposted from Nasdaq
The African investment thesis is an enigma wrapped in a riddle cloaked under a veil of high risk. To some, the world’s second-largest continent is the last investment frontier . Other investors know no more of Africa than the iShares MSCI South Africa Index Fund (NYSE: EZA) and maybe the Market Vectors Egypt ETF (NYSE: EGPT). More…
Reposted from Bloomberg
A money changer trades Colombian pesos and Venezuelan bolivars in Cucuta, Colombia.
By Emma Charlton and Paul Dobson
Foreign-exchange traders, faced with lower volatility and record-low interest rates in the U.S., Europe, the U.K. and Japan, are searching for returns as far afield as Kazakhstan and Nigeria.
Investec Asset Management Ltd., which trades currencies of nations from Colombia to Uganda, said demand for assets in so- called frontier markets increased in the past six months. The Cambridge Strategy (Asset Management) Ltd. invested in the Nigerian naira from December to February. More…