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April 15, 2007
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Investing in Africa the final frontier for adventurous investors
Thu, 2 Aug 2007 17:14:00 -0400 | CANOE Money
TORONTO (CP) - Africa is a financial wild west that could prove very lucrative for adventurous investors looking to cash in on emerging markets - as long as that investment recognizes the dangers that exist on the continent.
StanChart eyes Africa and India
| Findory News
Financial Times: Standard Chartered, the emerging markets bank, has outlined ambitions to become a leader in Islamic banking products and could start offering them in Africa and India
World Business Briefing: Standard Chartered Increases Profit by 30%
Wed, 08 Aug 2007 02:36:51 GMT | New York Times
Standard Chartered, a British bank operating mostly in Asia, beat expectations with a 30 percent increase in half-year profit and said it would consider more acquisitions to accelerate growth, including in South Africa. ?South Africa is a country where we?d like to grow our business because we see it fitting well with the rest of our Africa franchise,? the chief executive, Peter A. Sands, left, said on a conference call. Standard Chartered, which makes three-quarters of its profit in Asia, said pretax profit in the six months through June was $1.98 billion, up from $1.53 billion a year earlier.
New Power in Africa: China?s Trade in Africa Carries a Price Tag
Tue, 21 Aug 2007 17:06:13 GMT | New York Times
Manufacturing has suffered in Africa as cheap Chinese goods flood the market, eliminating needed jobs.
Fri, 24 Aug 2007 15:19:00 -0400 | CANOE
OAKLAND, Calif. (AP) - Lonely Planet has reissued its comprehensive "Africa" guidebook in an 11th edition on the 30th anniversary of its original publication.
Africa is seeing `gold rush` for metals
Mon, 27 Aug 2007 16:26:51 GMT | Business Standard
Boart Longyear, the largest provider of mineral drilling services, said metals exploration is surging in Africa as mining companies search for new deposits to meet rising demand.??
World Business Briefing: South Africa: Telkom in Talks for Sale
Tue, 04 Sep 2007 02:13:51 GMT | New York Times
Telkom South Africa may sell the rest of a mobile-phone venture, the nation?s biggest, to Vodafone Group and dispose of its fixed-line unit to the MTN Group. Telkom South Africa said in a statement that it was in talks with Vodafone and MTN over ?mobile strategy.? Telkom, which has a market value of about 103.4 billion rand ($14.4 billion), declined to give details. MTN and Vodafone confirmed the discussions in separate statements. The sales would effectively dismantle what was until last year a monopoly over fixed-line phone services in South Africa. They also would give the government an exit from its investment in Telkom. South Africa owns about 38 percent of the company.
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