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,...
Kenya’s Equity Bank Cross-Lists on the Rwanda Stock Exchange Filed in: investment, rwanda, kenya, finance
Rwanda's six-company stock exchanged doubled its value by cross-listing Kenya's Equity Bank. With a market cap over $2 billion, the bank is now the largest company listed on the exchange. “Cross-listing is important because it gives Rwandans an opportunity to participate in the progress of their bank,...