Africa Archives

Africa’s youth bulge

International Finance DeskDecember 21, 2016

by International Finance DeskDecember 21, 2016

Many analysts expect significant growth opportunities in the continent, which has the largest youth population in the world Benita James December 21, 2016: Africa’s demography is showing a visible shift and many analysts have reason to believe that the continent has the largest youth population in the world. A young population is generally considered as...

Banking

Georgia’s TBC Bank slashes loan decision time

International Finance DeskOctober 12, 2016

by International Finance DeskOctober 12, 2016

Using software from analytic software firm FICO October 12, 2016: TBC Bank, a leading universal Georgian bank, has substantially reduced the time needed to make decisions on credit applications, using software from analytic software firm FICO. TBC Bank, which recently installed FICO® Origination Manager 4.5, announced that it has cut credit decisions and disbursement down...

Finance Islamic Banking

More sovereign sukuk on the way

International Finance DeskSeptember 23, 2016

by International Finance DeskSeptember 23, 2016

This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...

Economy

Turner & Townsend opens new hub in Kenya

International Finance DeskJuly 5, 2016

by International Finance DeskJuly 5, 2016

Company is involved in more than 40 projects across Africa July 5, 2016: Global professional services consultancy Turner & Townsend has opened an office in Kenya as the country sees solid economic growth, with the outlook for continued investment in infrastructure and construction. The company is currently involved in more than 40 projects across Africa,...

Fintech

Atkins to help clients manage uncertainty in infrastructure delivery

International Finance DeskJune 15, 2016

by International Finance DeskJune 15, 2016

Launches new advisory consulting business June 15, 2016: Atkins announced the launch of a new end-to-end advisory consulting business – Atkins Acuity – that will combine the company’s extensive engineering and master planning capability with new structuring, financing and project preparation expertise. This combination will support international finance institutions, governments, and large corporations through the...

Economy

World Bank cuts global growth outlook

International Finance DeskJune 9, 2016

by International Finance DeskJune 9, 2016

Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...

Business Leaders

‘Many people assume that engineers work in the middle of nowhere’

International Finance DeskMarch 3, 2016

by International Finance DeskMarch 3, 2016

Naadiya Moosajee is trying to get more African women to study and pursue a career in engineering Miriam Mannak March 3, 2016: GDP-wise, Africa is doing well – with 4.5% growth predictions for 2015 and beyond. That doesn’t take way the fact that the continent is one of the world’s least developed regions in terms...

Economy

Dim outlook for Europe in 2016

International Finance DeskFebruary 2, 2016

by International Finance DeskFebruary 2, 2016

Challenging political landscape, persistent high unemployment and a weak euro are a few of the challenges Suparna Goswami Bhattacharya February 2, 2016: Europe had been in the news in 2015, not every time for the right reasons though. Grexit, the Volkswagen scandal, migration crisis, Paris attacks were some of the low points which made economists...

Economy

Kenya’s betting big on infrastructure

International Finance DeskJuly 10, 2015

by International Finance DeskJuly 10, 2015

Earlier this year, various organisations placed the East African nation among the fastest growing economies in the world Amoxers Wachira and Veronicah Riba July 10, 2015: Africa has been described as the Dark Continent for many years. However, with economies of a couple of African countries recording growth in recent years, the narrative is quickly...

Economy

There’s more to Mauritius than sea and beaches

International Finance DeskJune 22, 2015

by International Finance DeskJune 22, 2015

The Indian Ocean island is consistently ranked as the best place to do business in Africa Suparna Goswami Bhattacharya June 22, 2015: Mauritius brings to mind vision of long sandy beaches with blue ocean waves caressing the shore and outstretched leaves of tall palm trees swingingin the cool breeze. Tourism has always been one of...