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AfDB Approves a US $15 Million Equity Investment to Boost African Financial Markets

AfDB Approves a US $15 Million Equity Investment to Boost African Financial Markets

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 4 an equity investment of up to US $15 million to the Enko Africa Private Equity Fund (EAPEF). The Fund aims to invest in mid-size companies registered in Africa and exhibiting a strong potential for successful listing on…

In Africa, Al Qaeda finds new life

In Africa, Al Qaeda finds new life

NAIROBI, Kenya — Al Qaeda-inspired militancy is on the rise in Africa as disparate groups with local grievances find common cause in the global terror group’s tactics and ideology and, in turn, offer it new theaters of operation. Military pressure, drone strikes and the assassination of Osama bin Laden have…

Dozens Dead in Nairobi Mall Siege

Dozens Dead in Nairobi Mall Siege

NAIROBI (Zimbabwe Investor) – Kenyan military personnel were on Monday preparing for a major assault to end the stand-off with Al-Shabab militants holding shoppers hostage inside Westgate Shopping Mall in Nairobi, Kenya. The siege which started on Saturday afternoon inside Westgate Shopping Mall in Nairobi, Kenya had by Monday morning…

Nairobi airport reopens for international flights

Nairobi airport reopens for international flights

LONDON (Zimbabwe Investor) – International flights have resumed landing and taking off from Jomo Kenyatta International Airport (JKIA), Nairobi, Kenya a day after fire gutted parts of the important terminal. Kenya Airports Authority had undertaken to ensure international service would start a day after the arrivals section of the airport…

Africa’s hot bond market could overheat as U.S. funds pile in

Africa’s hot bond market could overheat as U.S. funds pile in

U.S. investors searching desperately for higher yields are piling into Africa’s emerging bond markets but may not be getting paid enough for the chaos and uncertainty still stalking sub-Saharan countries, some portfolio managers said.Emerging market debt funds have outperformed nearly every other bond fund category over the past several years,…

Zambian VP “I hate backward South Africans” comment sparks diplomatic storm

Zambian VP “I hate backward South Africans” comment sparks diplomatic storm

HARARE (Zimbabwe Investor) – Zambian Vice President Guy Scott has sparked a diplomatic storm with regional ally South Africa after calling South Africans backward. The South African government has summoned Zambia’s ambassador after Scott was reported by UK paper, The Guardian, saying that South Africa were the cause of Africa’s…

Zim executives head for African financial services conference in UK

Zim executives head for African financial services conference in UK

LONDON (Zimbabwe Investor) – Zimbabwe’s financial industry executives will join others from across continent at the Africa Financial Services Investment Conference being held in United Kingdom’s south-coast city of Brighton on May 7 and 8, 2013. The event brings together listed, and other investable, African focused financial services companies with…