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As the Curtain Rolls Down on US Quantitative Easing, What Does it Mean for African Economies?

As the Curtain Rolls Down on US Quantitative Easing, What Does it Mean for African Economies?

The financial markets crisis of 2007-8 will without doubt go down in American history as one of the worst since the Great Depression of the 1930s. So severe was the financial crisis that it triggered a radical and somewhat unorthodox monetary policy response from the U.S Federal Reserve – the…

Luxembourg fund creates new Africa distribution role

Luxembourg fund creates new Africa distribution role

Luxembourg-based specialist fund management company VAM Funds has appointed a business development manager for Africa to expand its distribution network in the rapidly growing financial and investment advice markets on the African continent. Simon Smith joins VAM from emerging markets investment specialist Alquity Investment Management, where for five years he…

Glencore unit suspends Zambia copper projects over withheld US$200m tax refund

Glencore unit suspends Zambia copper projects over withheld US$200m tax refund

Glencore-owned Mopani Copper Mines has suspended some of its planned $800 million Zambian copper mining projects after the government withheld $200 million in tax refunds, the company said on Wednesday. Africa’s second-largest copper producer is withholding a total of $600 million in VAT refunds owed to mining firms and will…

Sub-Saharan Africa’s infrastructure spending to exceed USD180bn by 2025

Sub-Saharan Africa’s infrastructure spending to exceed USD180bn by 2025

The overall infrastructure spending in the SSA region is projected to grow by 10% a year over the next decade and will exceed USD 180bn by 2025 according to PricewaterhouseCoopers’ (PwC) latest Capital Project and Infrastructure Spending report. The report, for which Oxford Economics provided research support, analyses infrastructure spending…