North Africa economic news

What are the biggest challenges facing start-ups in Africa?

Follow us on Twitter: @GoAfricaNetwork Starting a new business within the continent of Africa can be as terrifying as it is exciting. At any given time, a fledgling company can come up against a number of common challenges. From hiring the right people to defining your brand… start-ups must overcome these obstacles to ensure success. …

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Research survey set to track FTTH/B penetration in Africa

Follow Us on Twitter: @GoAfricaNetwork 52 African countries are now connected to submarine cables, either directly or by terrestrial cross-border fibre optic networks. 44% of Africans live within a 25-km reach of a fibre node. The key question now is which cities and suburbs are taking the lead in building access networks? In an attempt …

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Investors Are Eager for African Sovereign Debt, Despite Plenty of Risks

Follow us on Twitter: @GoAfricaNetwork Five men in dark business suits gathered before Maria Kiwanuka in a semicircle. They were international bankers and they had a pitch to make. Ms. Kiwanuka, the finance minister of Uganda, was sitting up on a small riser, her bright pink and gold dress a sharp contrast to the men’s …

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Ford unveils new models for Africa as it eyes big untapped market

Ford Motor Co announced 17 new vehicles for Sub-Saharan Africa on Thursday, as carmakers jostle for position in one of the last major markets where potential growth remains largely untapped. The models, among 25 to be introduced by 2016 in a broader product offensive across the Middle East and Africa, draw on the U.S. auto …

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Africa: AU Summit Approves Creation of African Monetary Fund

The AU Commissioner for Economic Affairs, Anthony Maruping, told journalists in Malabo on Monday that the Fund would work to correct balances of payment positions across Africa. He said such positions were mainly caused by low export of commodities and high import volumes which exerted negative burden on currency stability. The AMF would be established …

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Africa: BRICS Launches New Development Bank

Beijing — In July, nations known as the “BRICS,” Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 billion development bank (NDB). The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund (IMF) and World Bank operate. Liu …

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Mobile Phones: Africa is the fastest growing market in the world

late 2012, the World Association of Telecom operators said that sub-Saharan Africa has become since 2000, the most growing market in mobile telephony. 40% growth each year. With these data, it is expected one billion mobile subscribers on the continent in 2015, attracted by the strong demand for connectivity and innovative services like mobile money …

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Africa: Grand Vision for an African-Owned Drive on Food Security

Maputo — “Your granary will never be filled by your neighbour.” This is a Mozambican saying that was used by Graca Michel, member of International Panel of Elders and a former Mozambican minister of education, to illustrate the point that Africa cannot rely on outside help to achieve food security.