Africa News blog

African business, politics and lifestyle

from MacroScope:

Building BRICs in Africa

Some eye-catching numbers from Standard Bank out today on the influence of BRICs countries -- Brazil, Russia, India and China -- on Africa.

First off, the bank says the global recession and its recovery have been nourishing these so-called South-South ties. But it is all now ready to take off. The bank estimates:

-- By 2015, BRIC-Africa trade will have incresed threefold, to $530 billion from $150 billion this year.

-- BRICs share of Africa's total trade will increase from one-fifth today to one-third in the next five years.

from Global Investing:

Africa’s property laws (or lack of)

Africa's emerging commercial real estate markets may look tempting from the outside, but will remain the preserve of those with the highest appetite for risk. A vendor carries newspapers for sale along the streets of Uganda's capital Kampala September 12, 2009.  REUTERS/Thomas Mukoya

Even the CEO of Growthpoint, South Africa's largest listed property firm, feels the continent (excluding South Africa) is not for the faint-hearted.

from Global Investing:

Can domestic demand boost African markets? Duet’s Salami talks to Reuters Television

Direct and indirect foreign investors fled from Africa as the credit crisis sparked a flight to safety, or at least familiarity, but Ayo Salami, manager of the Duet Victoire Africa Index fund believes domestic demand can step in to underpin growth.

from MacroScope:

Africa alone

The good news for Africa when the global financial meltdown began was that its financial markets were generally so far behind the rest of the world that groups such as the World Economic Forum reckoned that there was little or no danger. A new paper, posted on the economic research website VoxEU, suggests that that might be a bit too optimistic.

Tilburg University economist and former World Bank official Thorsten Beck -- along with the World Bank's Michael Fuchs and Marilou Uy --  write that despite shallow financial markets, sub-Saharan Africa is unlikely to escape the repercussions of the financial crisis.

from The Great Debate:

Africa and the global economic crisis

- Jorge Maia is head of Research and Information for Industrial Development Corporation of South Africa, established in 1940 to promote economic growth and industrial development. The opinions expressed are his own -

Serious shockwaves are hitting Africa's shores as the global economic crisis unfolds.

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