VENTURES
AFRICA – With Africa’s economic recovery in full swing in spite of the global
recession, the continent is set to become the investment destination for many companies, yet
South Africa’s influence on this trade and investment will no longer be a
significant one given the development of other ports across Africa.
The Global Economic
Conditions Survey (GECS) report for the second quarter of 2012 was undertaken
by the Association of Chartered Certified Accountants (ACCA) and the Institute
of Management Accountants (IMA). According to ACCA Kenya Country Manager
Anthony Kariuki, respondents in Africa were the most confident of the state of
the global economy with 34 percent of respondents reporting confidence gains,
down from 39 percent three months earlier. “Some 45 percent of the respondents
believed that the global recovery is on track,” Kariuki said in Nairobi on
Tuesday.
