What are we reading about Africa this week

Kenya ranked Africa’s second biggest market for retail investors – Business Daily – Kenya

Data from the last consumer report from Nielsen which was released on Monday shows that 30 per cent of Kenyans do their shopping in formal retail outlets compared to 60 per cent in South Africa

French retailer Carrefour returning to Algeria Reuters – Algeria

Carrefour (CARR.PA) is preparing to return to Algeria after a six-year absence, as part of a drive to tap booming consumer demand in Africa.

Banks and telcos do battle in mobile money revolution in Africa – Euromoney – Africa

Africa has led the mobile money revolution, with products such as M-Pesa – Safaricom’s money transfer and micro-financing service in Kenya – dominating the market.  However, banks are much better matched to direct the industry in the long term, says Paul Clark