Finance

PwC: Africa’s CEOs seize the opportunities that uncertainty brings

dion shangoCEOs will need to focus on their business strategies and processes and will be expected to play a part in the broader community

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Africa presents a mixed foreign direct investment picture in EY Africa Attractiveness report

EY 1Egypt, Kenya, Morocco, Nigeria and South Africa collectively attracted 58 per cent of the continent’s total FDI projects in 2016

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Swaziland reaches the top in African economic freedom index

View west near Piggs Peak in SwazilandThe latest rankings in the 2017 Index of Economic Freedom by The Heritage Foundation shows people living in countries with low trade barriers are better off

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Volvo Construction Equipment sales increase 30 per cent in first quarter

Volvo BM L60F AvestaBolstered by improving market conditions and the positive impact of its transformation program, Volvo Construction Equipment saw sales increase by 30 per cent in the first quarter of 2017


Improving market conditions in all regions except South America helped Volvo Construction Equipment (Volvo CE) report strong growth in sales, profitability, order intake and deliveries in the first quarter of 2017. 

“After years of tough market conditions, the Volvo CE business is growing again,” commented Volvo CE’s president Martin Weissburg. “Higher sales volumes linked with increased internal efficiency and a lower cost base helped us deliver good profitability levels during the quarter. Volvo CE is on the right track, the improvement plan is yielding results and there are further opportunities to improve the long-term competitiveness of the company.”

During the first three months of 2017 Volvo CE saw net sales jump by 30 per cent to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10 per cent, compared to 2.7 per cent in the same period the year before.

In the first quarter of 2017 Volvo CE also enjoyed an increase in order intake, which rose by 34 per cent to 17, 487 machines, with increases in orders coming from all markets, but particularly China and Europe. Deliveries were also up 34 per cent during the period, to 16,369 machines.

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Côte d’Ivoire joins the growing list of ATI’s new member countries

Yam and Banana in the market in Côte dIvoire 1The African Trade Insurance Agency (ATI) announced that Côte d’Ivoire has joined a growing list of African countries who are members of the institution

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