A third of all Africans are now classified as middle class. Their incomes allow them to inhabit an economic bracket that is variously defined, but by any definition is growing
Economy
Ashburton launches Africa Equity Opportunities Fund
Ashburton is part of the FirstRand Group, one of the largest financial services groups on the African continent. (Image source: sxc.hu)
Ashburton has launched its new Africa Equity Opportunities Fund as part of a strategy which will be focused on targeting undervalued listed African equities across sectors to achieve capital growth
Angola stock exchange to open in 2016
Plans for launching a Luanda bourse has been in the pipeline for more than a decade now. (Image source: altree/Flickr)
The southern African country of Angola has outlined plans to open its stock exchange in 2016
Creating business ‘key to Africa’s sustainable development’
Involving low-income communities in markets and businesses across Africa is essential for economic growth. (Image source: Clurr/Flickr)
Creating business and market opportunities for Africa’s poor is key to advancing sustainable development in the region, according to a new United Nations Development Programme (UNDP) report
Ugandan government addresses key areas in next year’s budget
The 2013-14 budget framework for Uganda is based on projections that the economy will grow at 5.6 per cent and gradually rise to seven per cent in the medium term of the year. (Image source: weesam2010)
The Ugandan government has announced in its 2013-2014 budget that it will allocate most of its resources into production-oriented activities in an attempt to boost the economy
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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