A sure sign that Africa is entering a new phase of growth and development is the rapid advancement and increasing sophistication of its capital markets. 

Africa is one of the most resource-rich areas on the planet but without a reliable power supply the continent will never benefit.

Kirsten Parker, director of analysis at Exclusive Analysis, and Thoko Kaime, head of the company’s Africa division, explore the pros and cons of investing in the continent.

Foreign investment is flooding into Africa thanks to the continent’s vast mineral wealth, but is the money benefiting the average African and helping to create a true internal economy? Charlie Corbett reports.

Moroccan banks have achieved strong growth in their loan books in recent years. Bank Al-Maghrib, the central bank, reports that total credit in the banking sector grew 17.7% to Dh327,357m ($38,708m) in 2006, the last complete year for which figures are available, following on 2005’s 12.5% growth.

The allure of private equity might have faded in developed markets, but Africa is providing golden opportunities for funds that are willing to swallow a bit more risk. Charlie Corbett reports.

Like many of his predecessors, President Yar’Adua will be judged on his management of Nigeria’s energy sector. With this in mind, the premier will be personally overseeing his overhaul of the country’s oil and gas industries, write Eleanor Gillespie and Jon Marks.

The dire state of Nigeria’s transport and power sectors are hindering the country’s growth. President Yar’Adua has made tackling the problem a priority for his administration but the sheer size of the task makes international investment crucial. By John McCarthy.

Renaissance Capital has investments all over Africa but, as deputy chief executive Andrew Cornthwaite tells Nick Kochan, its focus is firmly on Nigeria.

One strategy that Nigerian banks are following to boost return on capital is setting up shop in London. Nick Kochan explores the challenges they face.