Kurt Davis Jr.

  • Drink More Please: Changing Demographics Of African Alcohol Consumers

    changing demographics of African alcohol By Kurt Davis Jr., 1:07 pm AFKI Original

    After-work teas are becoming after-work beers and glasses of wine in Africa. As incomes grow in sub-Saharan Africa, consumers are demanding better quality wine and spirits – both imported and locally made. “Drink more please” — it’s not the best parenting line but it is the thinking of many top executives at wine and spirit companies. Sub-Saharan Africans drink 10-to-11 liters of beer per person per year. Comparatively, Asians drink about 19-to-20 liters and Americans drink about 73-to-74. Only South Africans drink more than the global average — around 46 liters.

  • After The Honeymoon: Seychelles Economy Vulnerable To External Shocks

    Seychelles Economy By Kurt Davis Jr., 8:24 am AFKI Original

    Seychelles Finance Minister Jean Paul Adam isn’t worried. The African island nation, population 90,000, is a top 10 honeymoon destination. It’s not a major economy or a diverse one, relying on tourism and fisheries. But lack of economic diversity leaves the country vulnerable to external shocks. Brexit, a slowing global economy, and weakening economies in other sub-Saharan countries are creating an unexpected tropical storm for this sunny patch of islands. IMF’s 3%-plus growth forecast for Seychelles may fall to 2.5%.

  • North Africa Could Help Forge New Strategy For Gas In Sub-Saharan Africa

    gas in sub-Saharan Africa By Kurt Davis Jr., 10:48 am AFKI Original

    Spending on gas projects in 2015 surpassed spending on oil for the first time in North Africa. The serendipitous discovery of gas in sub-Saharan Africa is bewildering to many investors. Discovering gas while searching for oil is like finding gold outside your door when you need cash. The question is how to turn the gold into cash. North Africa could be providing the near-term strategy for sub-Saharan Africa.

  • How To View The Zambian Economy And Its IMF Bailout In This Election

    Zambian Economy By Kurt Davis Jr., 10:41 am AFKI Original

    Zambia’s economy appeared to be improving. The kwacha went from the world’s third worst performing currency in 2015 to the world’s best in 2016. Then Zambia said it wanted an IMF bailout for its ballooning national debt. Creating more uncertainty, the Lungu administration said bailout negotiations only be finalized after the August general election. The incumbent said he will continue bailout discussions. Rival Hichilema may be against the bailout. If bailout talks fail, the markets will send a response to Zambia that will overshadow any election outcome.

  • 5 Countries To Watch For African Currency Troubles

    African currency By Kurt Davis Jr., 9:29 pm AFKI Original

    Mozambique, the economic darling of 2014 and 2015, is facing a perfect storm of problems — some self created. Political tensions are at their highest since the lead-up to the October 2014 presidential election. Sporadic attacks on road transport and other infrastructure in central Mozambique have fueled growing fears of instability. This has influenced international decision makers and weighed heavily on foreign investment. The government may not be to blame for everything, but frustration with the country’s debt is definitely a government problem.

  • Is Sonangol Helping Move Isabel Dos Santos Toward Angolan Presidency?

    Isabel dos Santos is one of the most influential women in Africa By Kurt Davis Jr., 3:52 pm AFKI Original

    Her quick rise to the top cracks the glass ceiling of Africa’s male-dominated business world. Critics say she’s privileged, but what about the Bushes, Clintons and Kennedys? She’s accused of pilfering state funds but the movement of money between family members does not establish corruption in the system. Funds may be owed. If allegations of money laundering are confirmed, particularly within Sonangol, analysts will change their views on Isabel.

  • Fishing In Africa: An Overexploited And Underwatched Resource

    fishing in Africa By Kurt Davis Jr., 12:36 am AFKI Original

    Overexploitation is the story of a new crisis in Africa — the quick depletion of Africa’s coastal fisheries. At its heart is illegal, unreported and unregulated fishing. This is the case with up to a half of West Africa’s fish catch. A regional registry of fishing vessels should be established. The Port State Measures Agreement’s basic principal is simple: If ports where fish are landed are the checkpoints for the fishing industry, then it more difficult to find a port-side buyer for illegally caught fish.

  • Top 5 Opportunities For Power Investment In Sub-Saharan Africa

    top 5 opportunities for power investment in sub-Saharan Africa By Kurt Davis Jr., 9:20 am AFKI Original

    Ghana’s status as an electricity exporter encourages private investment. Most rural districts are connected to the national electricity grid, making Ghana a leader in transmission and turning the focus to generation. Expect the private sector to supply more power than the current 53%. To support investor participation, Ethiopia liberalized the energy sector. Investors would be smart to diversify beyond hydro in Ethiopia. Some investors say Ethiopia has potential to become a major geothermal producer.

  • Turning The Lights On, Africa’s Energy Investment Opportunity

    Africa’s energy investment opportunity By Kurt Davis Jr., 12:35 pm AFKI Original

    Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.

  • Growth Forces Change In Africa’s Booming Insurance Markets

    Africa's booming insurance markets By Kurt Davis Jr., 6:00 am AFKI Original

    Statistics suggest fertile ground for a regional boom in African insurance industries. Insurance companies have historically focused on South Africa, one of Africa’s most mature financial markets. Life insurance premiums there accounted for 90% of the African total in 2013. Fast growth, however, is changing the balance. Ghana and Kenya have already expanded the market, reducing South Africa’s market share. New consumers are forcing change in African insurance. Distribution through brokers and brick-and-mortar banks are inefficient ways to reach lower-income populations.