Companies Expanding in Africa Filed in: economic growth, boston consulting group, africa, kenya, facebook, airbnb, ibm, starbucks, fdi, investment
Consulting firms from McKinsey & Company to the Boston Consulting Group have touted sub-Saharan's investment opportunities, and now large companies from the West are following suit. Recent investment announcements are highlighted below. Airbnb: The number of people staying in Airbnb homes in Africa has increased 257 percent, with Johannesburg and...
Rwanda Pursues Foreign Investment Increase Filed in: rwanda, east africa, kenya, fdi, investment
According to The Africa Report, Rwanda is seeking to increase foreign direct investment this year to $1.2 billion. The increase will be helped along by new investment tax incentives, which include a seven-year tax holiday for firms investing over $50 million. Rwanda has become an attractive investment destination due to its strong,...
Africa Economic News Update Filed in: economic growth, africa, rwanda, fdi
Analysts Raise Expectations for Economic Growth in Sub-Saharan Africa, Though Commodity Prices Pose Threat for Future, International Business Times Economic growth in sub-Saharan Africa is expected to rise this year and reach 5.4 percent in 2016, far outpacing the global 3.8 percent. Taken as a whole, the continent of Africa is...
Former Barclays CEO Invests in Rwanda Banking Sector Filed in: investment, banking, finance, rwanda, fdi
The London Evening Standard reports that former Barclays CEO Bob Diamond will invest $22.5 million in Banque Populaire Rwanda through his African banking venture Atlas Mara. The investment will give the firm a 45% stake in the bank, which Atlas Mara then plans to merge with BRD Commercial Bank of Rwanda. The...
Kate Spade & Company launches Rwandan-made collection Filed in: fdi, entrepreneurs, fashion industry, rwanda
Global fashionista Kate Spade has launched a collection of products handcrafted by Rwandan artisans. The line of products—called On Purpose—is intended to help a group of 150 women in Masoro, Rwanda to become a profitable supplier to all Kate Spade & Company brands. Watch the videos...
Investment in Africa Continues to Gain Traction in the US Filed in: investment, africa, fdi
As an example of how Americans are increasingly seeing the opportunities present south of the Sahara, Minnesota’s Star Tribune newspaper recently reported on the continued engagement of the state’s business sector with the region. “As a giant middle class gradually rises across Africa...