Global investors are keen to buy the eurobonds being issued by African sovereigns, but could growing debts presage a return to the bad old days?
Global interest rates are still hovering around historic lows, but a sharp rise could have ugly consequences for Africa’s economies.
Ahmed El Sewedy, President and CEO of Elsewedy Electric, the international electrical solutions company registering a profit of $80m in Q2 2017, has revealed that Egypt is the company’s most lucrative market.
Political leaders and economic decision-makers from across Africa attended the Africa 2017 Forum in Sharm el Sheikh, Egypt, in December. African Business looks at some of the highlights of the event.
In September, Africa’s cotton industry held its annual summit. Mitigating environmental damage, increasing market share and the impact of new technologies were high on the agenda.
Lenders and investors have welcomed the Egyptian government’s cutting of subsidies, but many ordinary Egyptians are feeling the pinch.
Egypt has devalued its currency and reduced subsidies. Exporters are benefiting, but the country’s citizens have been hit hard by the erosion of their incomes.
Plans to move Egypt’s capital city have hit a snag after Chinese company pulls out.
Morocco is ramping up its economic interests south of the Sahara, prompting other North African states to consider following suit.
Withholding of revenues is causing international carriers to rein in their ambitions in Africa.