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December 2018
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Posts Tagged ‘foreign’
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November 12, 2018

ETHIOPIA’S CHANGING FORTUNES

The reform agenda under Prime Minister Abiy Ahmed, which has received nods and political acclaim globally, has radically broken the mould not only in the Ethiopian context but also in the African and global political spheres. It has indeed been a series of transformative firsts for Ethiopia since Abiy Ahmed took the helm following the resignation of Hailemariam Desalegn in February 2018. At 41, Abiy Ahmed is the youngest head of government in Africa and the first Oromo (the majority ethnic group in Ethiopia) to lead the country.

It all began with the lifting of the state of emergency that had been imposed in February 2018 following waves of anti-government protests in the [...]

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October 22, 2018

SA REMAINS AFRICA’S TOP PICK FOR FOREIGN INVESTORS

SA is still the most attractive financial market for international investors in Africa, according to the Absa Africa financial markets index.

The country remained in the top position for the second year running with a score of 93 out of 100, supported by strong financial market infrastructure and a robust legal framework.

Despite this, the report warns that SA’s macroeconomic performance deteriorated in the past year as it plunged into recession for the first time since the global financial crisis, exposing SA to “rising financial risks”.

This could result in the country being challenged for the top spot by the likes of Kenya, Nigeria and [...]

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August 7, 2018

SA ECONOMY REQUIRES RIVALRY

Ana Lucía Coronel, who heads the IMF team for South Africa, said: “The recommendation of IMF staff is to increase competition in all sectors, so that more private companies, domestic and foreign, could invest and compete in the production of services – not only in telecommunications, but also in energy, transport, and other sectors”.

The IMF also said that the use of technology still has a long way to advance in South Africa, given the potential of the economy.

The lender said the cost of internet in the country is high and the quality is low, because there are very few competitors.

South Africa’s economy is known to be characterised by high levels of [...]

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