Maputo News

Johannesburg, South Africa. Credit: sothebysrealty.com

Fact of the Day: Johannesburg, South Africa is the #1 tourist destination in Africa for the 4th year in a row

South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale scale solar plant

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale solar plant

In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.

Novare Matola (Illustration), Maputo, Mozambique

Novare Africa Property Fund II closes with $350 million for investment

Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

Derrick Roper, CEO, Novare Equity Partners. Source: financialmail.co.za

Africa's emerging markets will come back into view: Derrick Roper, CEO, Novare Equity Partners

Private equity fund managers, who adopt longer term time horizons than traditional asset managers, are showing renewed interest in African investment opportunities.

Deepak Malik, Africa Regional Director, Norfund

Norway fund mulls West Africa expansion with Ghana investments

The Norwegian Investment Fund for Developing Countries is considering investments in financial-services and clean-energy businesses in Ghana as the institution extends its scope to West Africa.

European Investment Bank headquarters, Luxembourg

European Investment Bank Plans Africa Expansion Amid Growth

The European Investment Bank plans to open offices in four more African cities as it strengthens its foothold on a continent looking for financing to build infrastructure, said a senior official with the lender.

Into Africa - The continent’s Cities of Opportunity - PwC

Into Africa: The continent’s Cities of Opportunity - PwC (Video, Presentation, and Report)

Megatrends are colliding across Africa. The growing middle class, the strong demographic growth with improving age mix, the technological innovation that we have already seen in mobile payments for example, growing choice of investment partners from the global south and fast-paced urbanization are shaping what the future of Africa could look like.

Momentum raises $50 million for its Momentum Africa Real Estate Fund

Momentum raises $50 million for its Momentum Africa Real Estate Fund

Momentum GIM, in conjunction with Eris Property Group, has successfully closed the first tranche of its African Real Estate Fund with $50m  of institutional, family office and HNW investor capital.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

Retail in Africa

Africa set to be the new retail mecca

International retail brands say Africa’s retail growth is expected to more than double over the next five years and the continent will become the new international retail melting point.

Cape Town, South Africa

Top property markets in Africa

Which African countries have the best opportunity for property investors?

Business

Doing Business In Sub-Saharan Africa: Six Aspects To Consider

Many companies from the developed world are setting their sights on Africa as a new frontier for business.

Johannesburg, South Africa

Africa's top five most travelled to cities: MasterCard

Africa’s top destination for international travellers is South Africa’s Johannesburg, with an estimated 4.25m visitors for 2014, according to this year’s MasterCard Global Destination Cities Index released this week.

Christine Lagarde, Managing Director (MD), International Monetary Fund (IMF)

Christine Lagarde Expresses Concern That Africa's Sovereign Debt Is Rising

Some African countries have issued too much debt and possible added monetary stimulus in Europe that may boost demand for emerging-market assets could further increase the burden, the International Monetary Fund said.