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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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African real estate market still standing after tough 2016
African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors.
There have as well been currency problems in the likes of Nigeria and Zimbabwe. But 2017 could be better if commodity prices rise globally.
"The continent gained traction last year, notably in the Hotel, Retail and Residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties for African real estate," said Ortneil Kutama, Africa Property News Media Director.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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- Key Facts
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Full name: The Republic of Mozambique
Population: 23.9 million (via UN, 2011)
Area: 812,379 sq km (313,661 sq miles)
Major languages: Portuguese (official), Makua-Lomwe, Swahili, other indigenous languages
Major religions: Christianity, indigenous beliefs, Islam
Life expectancy: 50 years (men), 52 years (women) (UN)
Monetary unit: 1 metical (plural meticais) = 100 centavos
Main exports: Seafood, cotton
GNI per capita: US $440 (World Bank, 2010)
Internet domain: .mz
International dialling code: +258
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Mozambique banking sector attracts the attention of major international banks
2015/07/26The Mozambique banking sector, which has high increase and good business prospects arising from foreign investment in exploration of natural resources, is attracting the attention of major international banks, according to Eaglestone Securities.
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Hydropower projects in Mozambique attract Chinese groups Three Gorges and State Grid
2015/07/06Mozambique is a target country in the internationalisation of China Three Gorges and China National Grid and two major hydroelectric projects that are being launched are of interest to these Chinese groups and their Portuguese subsidiaries.
Paul Muxanga, chairman of the Cahora Bassa Hydroelectric Dam (HCB), said recently that the long-awaited construction of the northern plant of the Cahora Bassa hydroelectric facility should be initiated any minute at this time, a project which, according to the Portuguese financial daily Diário Económico, is “in the sights” of the two Chinese groups.
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Mozambique to 2018 - Managers, Mediators and Magnates
2015/06/24Mozambique's ambitious new executive must find ways to bridge a set of gaps: between the core and the periphery; between political parties - established and new; and between the interests of business and the stark fact that Mozambique remains extremely poor, according to a new statement.
Recent political developments in Mozambique mark the beginning of an significant era. The party of government, the Mozambique Liberation Front (FRELIMO), is clearly anxious to back the newly elected chief of national, Filipe Nyusi, who - following an initial tussle with his predecessor - is apparently keen to open a different style of dialogue with his rivals both part the country's opposition parties and within FRELIMO itself. This apparent political maturing comes at a time at the same time as the prospect of significant economic transition is gaining ground.
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Lessons from Brazil in Mozambique's Nacala Corridor
2013/04/13Home to around 36m hectares of arable land, Mozambique is reliant on the agriculture sector for a quarter of its economic output and has long attracted the interest of commercial farmers.
From presently on the country’s agriculture story has been one of uneven performance and untapped potential. Large-scale investors have struggled to launch projects, and those that have have faced constraints ranging from drought to ‘land-grab’ protests by local farm unions. At present, only about 3.9m hectares – or 10 % of arable land - is actually under cultivation, with 97 % worked by local smallholders.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Rosário Mualeia Chairman of the Board of Directors of Mozambique's Ports and Railways
2013/08/08The consensus reached between Mozambique’s public and private sectors is a shared vision to utilise the recently found natural resources to invest in its social infrastructure, as well as its physical infrastructure such as ports and railroads. What is your opinion on this new path Mozambique is following and what is the role of CFM to turn the development plans into a reality?
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Alberto Clementino A. Vaquina, Prime Minister of Mozambique
2013/08/06Alberto Clementino A. Vaquina, Prime Minister of Mozambique, speaks to Upper Reach about the opportunities that abound in the country outside its minerals industry, with the government regarding the private sector as “a partner for development and not as a rival” as it strives to create a new entrepreneurial class that will serve as a key tool in reducing poverty and increasing prosperity. -
Arão Nhancale President of the City Council of Matola
2013/05/17Twenty years next the Rome Accords, Mozambique began with a deep process of peace building. Throughout these years, Mozambique has made an outstanding update of its economy to catch up with other African nations. But today, the country is growing in a different way and at a much faster speed than most neighbors. Where do you believe the economy is heading at the moment?
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Interwaste Mozambique Lda
2013/04/28Arnaldo Tembe, Director of waste management and environmental services provider Interwaste Mozambique Lda, speaks to Globus Vision about what is behind the country’s ongoing successful development and how persistence, faith and confidence have kept his company on track and aiming to become the industry’s point of reference in southern Africa.
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Victor Borges Mozambican Minister of Fisheries
2013/04/28The last decade has molded an outstanding economic context for Africa, in which Mozambique is a prominent player part amount nations. The General Peace Agreement provided a consolidated base to overcome challenges and further advance the economy and society. With the discovery of natural resources, we are seeing an even additional promising next in the long term. As one of the key ministers of the country, what is your assessment of the last 20 years and what lessons has the country learned to take each right step someday?
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Former president Joaquim Chissano discusses the attitude of Renamo
2015/09/18Mozambique’s ex-president Joaquim Chissano talks to PM Communications about the country’s major achievements as it completes its 40th anniversary of independence. He takes the luck to criticize the attitude of Renamo – the major opposition party – as it threatens to return to war for not recognizing the victory of Frelimo in the last elections.
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Outlook for 2014-17
2013/10/10The country (Mozambique) is situated in Southeastern Africa, bordering the Mozambique Channel, between South Africa and Tanzania.
It has borders with Malawi for 1569km, Swaziland for 105km, Tanzania for 756km, South Africa for 491km, Zambia for 419km and Zimbabwe for 1231km.
Land in Mozambique is mostly coastal lowlands, uplands in center, high plateaus in northwest, mountains in west.
Mozambican land covers an area of 801590 km².OVERVIEW
The ruling party, Frente de Libertação de Moçambique (Frelimo), will dominate the political landscape in 2013-17, winning national polls in 2014.
The succession to the presidency, currently held by Armando Guebuza, who according to the constitution is serving his final term, will be a contest between his allies and other Frelimo factions. Violence between security forces and Resistência Nacional de Moçambique (Renamo) militia will undermine stability, but widespread conflict is unlikely.
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Maputo (Mozambique)
2012/12/05The Mayor of Maputo, David Simango, meeting on Wednesday with a large number of informal traders, declared that the City Council is not opposed to the informal sector, and that the measures it is taking are merely intended to discipline informal trade so that it does not endanger other interests.
- Mozambique News
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