Cape Verde has been named one of the top 10 countries in the world for long term tourism growth which is set to have an impact on the archipelago’s real estate investment market.
Often referred to as the African Caribbean, the islands off the coast of West Africa have seen tourism numbers increase by 115% since 2000 and officials expect a million visitors this year.
For the first time, foreigners can now buy and sell shares in listed companies on the Saudi Arabian stock exchange.
It's the last of the grouping of the world's largest economies, the G20, to open up its market to foreigners. Until now, they were only able to indirectly buy shares and would only get the economic benefits.
Industry experts say Monday's move, that allows foreigners voting rights, could be transformative for the region as Saudi companies will be able to profit from the scrutiny and strategy of sophisticated international partners and overseas investment will help push forward the country's economic reforms.
Algeria, a gateway between Africa and Europe, has been battered by violence over the past half-century.
More than a million Algerians were killed in the fight for independence from France in 1962, and the country has recently emerged from a brutal internal conflict that followed scrapped elections in 1992.
The Sahara desert covers more than four-fifths of the land. Oil and gas reserves were discovered there in the 1950s, but most Algerians live along the northern coast. The country supplies large amounts of natural gas to Europe and energy exports are the backbone of the economy.
It was about a decade ago that shopping malls became a common sight in India's cities, drawing crowds with their food courts, cinemas and shops.
But today many are fighting to stay afloat.
Portugal’s Entreposto Imobiliaria plans to invest more than US$25 million in a real estate project in Pemba in northern Mozambique, state radio reported Friday.According to Radio Mozambique, the project will see the construction of a nine-storey building containing 38 apartments, which will be the tallest building outside the capital Maputo.
Cape Verde remains a relatively unknown holiday destination although the hugely appealing 10-island archipelago in West Africa has risen in popularity among British soap stars and celebrities, alerting other Brits to its many charms.
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