Staff

  • Former Africa Heads At Carlyle And KKR Plan New Investment Firm

    By Staff, 12:02 am

    Private equity opportunities in Africa are often seen as too small for the giants of the buyout industry. The former regional heads for Africa at private equity giants KKR and Carlyle are setting up an investment firm that will focus on the mid-cap, “where we believe the bulk of opportunities are,” a stakeholder said. The new firm will look for ventures which are ready to absorb up to $100 million but will mostly focus on opportunities requiring between $20 and $60 million of equity, Reuters reports.

  • Opinion: Trust Me On This, Blockchain Opportunities Exist Even In Traditional Organizations

    blockchain opportunities By Staff, 8:15 am

    Blockchain has applications in industries other than financial services, a stakeholder says. Start-ups are already offering products that cover specific use cases. Interest was intense at the Gartner Symposium/ITxpo Africa in Cape Town. Most of us do not understand TCP/IP protocol, but that doesn’t stop us from surfing the web and exchanging emails. In the same way, clients will come to trust blockchain the same way they trust the Internet. Organizations starting now on a blockchain journey will have a first-mover advantage.

  • Trumponomics: Why African Countries Need To Trade More Among Themselves

    African countries need to trade more among themselves By Staff, 5:32 pm

    Over the last 20 years, Africa’s trade with emerging markets has grown rapidly. A slowdown in global trade could hurt demand for Africa’s export commodities. To counter this, African economies must boost intraregional trade. While unlikely to compensate for a global trade slowdown, this might mitigate some of its more negative effects. Faced with the threat of new disruptions to existing trade patterns, it’s important that African economies start trading more among themselves.

  • Opinion: A Robust Auto Industry Could Make Nigeria One Of Top 10 World Economies

    robust auto industry could make Nigeria By Staff, 5:36 pm

    Poor power supply is partly to blame for the Nigerian government’s inability to build a robust auto industry. That leaves vehicle imports as one of the only ways to meet local demand. Nigeria’s auto market is worth over $4 billion a year, but it does not translate into anything meaningful, a stakeholder said. Starting in 2015, stiff new tariffs were levied on new and used Nigerian vehicle imports. Imports fell more than 50 percent.

  • Opinion: Targeting Ivory Poachers With Drone Strikes Could Salvage Obama’s African Legacy

    Targeting ivory poachers with drone By Staff, 1:01 am

    Obama should instruct the U.S. State Department to designate ivory poachers for what they are: Terrorist financiers and facilitators of ISIS- and al-Qaeda-affiliated groups in sub-Saharan Africa. Make the life expectancy of poachers so short that no one will risk taking the job. And that requires a few well-placed military drone strikes on poaching camps from any number of our established drone bases in Djibouti, Niger, Kenya, Ethiopia, Somalia, South Sudan, Burkina Faso or the Seychelles.

  • Africans Are Capitalizing On China’s Growing Entertainment Market

    Africans Are Capitalizing On China's Growing Entertainment Market By Staff, 1:01 am

    African entertainers are increasingly aware of the potential of the growing Chinese market. Many African artists are benefiting from new Chinese policies targeted at African countries. The Shaolin temple in Central China is the inspiration for umpteen martial arts films. African students on Chinese scholarships learn wushu there and other Chinese martial arts from monks. Luc Bendza is arguably the most famous African martial arts star in China.

  • Abuja City Guide: Getting To Know Nigeria’s Capital

    By Staff, 8:31 am

    Much of the affection towards central Abuja has to do with its relative calm compared to Lagos. The infrastructure is better with most streets paved. Reliable power can be an issue but where there’s a dead stoplight there’s a traffic warden. There’s less concern about crime here with security high due to the many embassies and government buildings. Still you’ll find security walls around major hotels and random police checkpoints around the city after dark. But one feels safer walking down a random street in Abuja versus Lagos.

  • What Does The Trump Administration Mean For Power Africa?

    Trump Administration Mean For Power Africa By Staff, 6:29 pm

    The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.

  • Shopping Marrakech: Why It’s A Bit Like Las Vegas

    Shopping Marrakech By Staff, 8:57 am

    It’s an odd comparison, but it has some merit. Marrakech can seem a bit like Las Vegas. There’s the cloying heat the moment you step off the plane, the abundance of global mega-resort chains, and a rotating roster of world-class DJs touring colossal clubs in this glittering desert oasis. And just like Vegas, Marrakech is a shopper’s paradise. Its medinas and alleyways are crammed with hole-in-the-wall operations hawking everything from gossamer djellaba gowns and sumptuous carpets to vials of argan oil and delicate combs fashioned from camel bone.

  • East Africa’s Informal Sector Is Growing: Who’s Investing In It, And Why

    East Africa's informal sector By Staff, 6:12 pm

    Where there are challenges or deficits, business and investment opportunities often emerge in the informal sector. The East African informal sector contributes 30-40% of GDP. Operating off the grid (not paying taxes), informal-sector employers and employees run the risk of punishment, limited police protection, and lack of social support services. Consumers help keep the informal sector growing, and it’s not going away anytime soon. Formal companies are getting rich providing services to the millions of consumers who use informal services. Here are some of them.