Atta Africa Financial Update

Executive summary:

Africa in 2016. Africa is becoming increasingly complex and diverse. Next year, there will be – at least – two Africas:

The first, potentially fraught with a trend toward increased political risks rooted in macroeconomic instability and the second characterised by encouraging signs of improved business environments driven by positive economic and political fortunes.

For investors and businesses, political forecasts in 2016 in Africa point to a pressing need to monitor a broad array of complex political risks alongside the many tantalising opportunities that feature across sectors.

All the best for the new year.

Nairobi among top investment cities in 2016

  • Nairobi City has been listed among four cities globally with increasing in importance in 2016 as investors cast their nets wider in pursuit of real estate opportunities
  • The Knight Frank Global Cities 2016 survey shows Nairobi has an expanding retail shopping experience in the continent compared to a year ago, making it attractive to cross border money flows
  • The report shows this year alone, about 1.8 million square feet of modern shopping mall space was opened for commercial use in the city

Tanzania exports rise by 9.2 per cent on strong tourism and manufacturing

  • Tanzania's value of exports has increased by 9.2 per cent as manufacturing and tourism improved in the year ending October 2015
  • The exported goods and services reached US$9.4 billion, earnings from tourism which is the leading foreign exchange earner increased from US$1.98 billion to US$2.23 billion