Kurt Davis Jr.

  • Expanding Internet Capacity In Africa: Best Opportunities For Private Investors In 2017

    Expanding internet capacity in Africa By Kurt Davis Jr., 7:45 am AFKI Original

    Everyone knows that Africa leapfrogged landlines to mobile phones, but without mobile, the continent is unconnected. Less than 20% are connected to the internet. Business and finance have become online activities globally. Africa needs to get up to speed to compete. Private investors are looking beyond the usual suspects. These are the African countries with the best opportunities for private investors to expand internet capacity in 2017.

  • 7 African Countries Favored For Infrastructure Investment In 2017

    African countries favored for infrastructure investment By Kurt Davis Jr., 9:32 am AFKI Original

    Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.

  • Investing In African Agriculture: Finding The Best Opportunities In 2017

    investing in African agriculture By Kurt Davis Jr., 10:23 am AFKI Original

    French cosmetics company L’Oreal has invested in organic beeswax in Mali, the surprise country for 2017. Economic growth should hover around 5-to-6 percent this year as agricultural production strengthens. Lack of investment or interest in the country in recent years means there are unexploited opportunities with many investors still sitting on the sidelines. Opportunities exist in cashews, biofuels, shea butter and cotton. This year should see some investors put cash into the country, especially in agriculture.

  • How A Top-Ranked Female Tennis Champ Became An Exercise Entrepreneur In Kenya

    By Kurt Davis Jr., 10:56 am AFKI Original

    Kenya has long been known for fantastic athletes, but not so much for entrepreneurs focused on the business of fitness. Kenya-born Saloni Kantaria Mathur ranked No. 1 in Kenyan women’s tennis and studied law in the U.S. before starting an indoor cycling studio in Nairobi. The Reform brand is unmistakably Kenyan and it’s not your average gym experience. Reform integrates live-streamed performance data tech into classes, bringing the competitive instinct into the workout. Mathur shared with AFKInsider what she learned as a female African fitness entrepreneur.

  • Top 5 Elections To Watch In Africa And Predictions For 2017

    elections to watch in Africa By Kurt Davis Jr., 11:03 am AFKI Original

    Presidential term limits are a slippery thing. Occasionally they can seem like a good idea. Most of the time, not so much. That’s what makes these five upcoming African elections so riveting. Everyone is watching to see who replaces Liberia’s popular Ellen Johnson-Sirleaf — Africa’s first female president. Will it be a former soccer player, or the ex wife of former Liberian President Charles Taylor? He was convicted of aiding crimes against humanity. She’s one of the most powerful woman in Liberian politics. Or it may be a former Coca-Cola executive, a former central bank governor or an attorney.

  • New Year’s Resolution: Investing In African Healthcare And Fitness

    investing in African healthcare By Kurt Davis Jr., 7:57 am AFKI Original

    In cities from Victoria Island in Lagos, Nigeria to Maputo, Mozambique, gym memberships can be above $100 per month. Africans are paying higher fees than in more mature markets. Zumba classes are abundant, yoga is everywhere, and biking and running are an ever-growing trend in Africa. Putting cash into the facilities for these types of activities is lucrative. Scalability is still a concern but branding across borders and within regions is necessary for growth.

  • Small African Economies With Big Debt Burdens In 2017

    small African economies with big debt By Kurt Davis Jr., 8:15 am AFKI Original

    Mozambique had a tough 2016. The country is unable to pay its debt until gas revenues are available after 2021. Public debt is expected to be near 130 percent of GDP by the end of 2016. The IMF continues to help Mozambique negotiate with creditors – a bright spot considering the IMF suspended aid to the country in April after evidence of $2 billion in hidden loans came to light. This “hidden debt” by state-owned firms has destroyed creditors’ trust in Mozambique.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Nigeria, Angola And Debt: Borrowing Big To Support The Budget In 2017

    Nigeria, Angola and debt By Kurt Davis Jr., 10:11 am AFKI Original

    It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.

  • Opinion: Be Patient With Trump In Africa. First He Has To Make America Great Again

    Trump in Africa By Kurt Davis Jr., 11:34 am AFKI Original

    Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.