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5 East African Economies Merge to Create One of Africa’s Largest Trading Blocks
It’s Official! East Africa officially opens its borders to become one of Africa’s largest trading blocs, today.
The East African Community (EAC) trading bloc will create a market of close to 130 million people and a combined GDP of 80 billion dollars, making it one of the largest trading blocs in Africa.
However , even though July [...]
Barrick Gold will Spin Off its Africa Operations through IPO
Barrick Gold, a Canadian Mining company announced on Friday the creation of African Barrick Gold, a new company whose equity it will list with the United Kingdom Listing Authority and to admit to trading on the London Stock Exchange, subject to market conditions. ABG also intends to seek a future listing on the Dar es Salaam [...]
Africa ICT Trends and Countries to Watch in 2010
It’s that time of the year when any expert worth their salt makes some predictions for the New Year. I too couldn’t resist a peek into my crystal ball and here I share what I believe will be the major ICT trends and some of the countries to watch this year. In general, 2010 promises [...]
East Africa’s Mobile Market Poised for Double Digit Growth Over the Next Five Years
A recent report by Frost and Sullivan shows double digit growth in the East African Mobile market over the next 5 years. According to the 246 page report, East Africa ( Kenya, Tanzania, Uganda, Rwanda) currently has 37.6 mobile subscribers with a penetration rate of 30.8%. The East Africa mobile communications market is expected to [...]
M-commerce and its Impact on Africa
Until very recently, most Africans did not have access to credit or debit cards let alone ones that were internationally recognized. I recall when credit cards were introduced to East Africa in the early 2000’s, it was a battle to secure one. The bank required that you make a hefty deposit and sign all manner [...]
Investing in African Stock Markets
Investing in African stock markets is not for the faint of heart. Finding a reliable stockbroker can be difficult; Companies’ casual approaches to financial reporting often make good analysis impossible; and managing multiple trading accounts from a faraway time zone is a hassle. In the past few months, however, some changes have taken place that [...]
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