Kurt Davis Jr.
Kurt Davis Jr., 1:53 pm AFKI Original
Electricity has been a campaign promise that Buhari’s predecessors couldn’t keep. No voter can ignore the reality of challenges in improving electricity in Nigeria — a depreciating naira, low oil prices and an entirely new regime. A little better attitude towards spending and finishing projects could go a long way. Analysts say a reduction in crude theft could boost Nigerian revenue by 10 percent.
Kurt Davis Jr., 10:59 pm AFKI Original
Islamic finance in Africa is in its early stages but the potential is garnering huge attention from financiers, due in part to the demographic realities of Africa. Nearly half the African countries have Muslims populations that account for 40 percent or more of the total. Several African countries are planning sukuk debuts — the Islamic equivalent of a bond. Arab leaders are more than willing to share in the profits of infrastructure projects in Africa.
Kurt Davis Jr., 9:15 pm AFKI Original
Ghana is doing better than expected. Zambia’s president has called for a national day of prayer. Only half the Angolans surveyed would like to start a business compared to about 80% in the rest of sub-Sahara. Even if decision making is stalled on Nigeria’s Senate, the underpinnings of the economy are improving. Refineries are working. Electricity is better. These are tough times for promising countries.
Kurt Davis Jr., 7:56 am AFKI Original
Rising incomes in Africa mean more people are willing to pay for better schooling. Nigeria and Ghana haven’t seen as big of a boost as Kenya in private education investment. Accra, Abuja, and Lagos are still starved for affordable private education options for the middle class. With private school fees at $4,000 to $5,000 a year, the opportunity for investment is massive. Here are five opportunities for investing in African private education.
Kurt Davis Jr., 4:11 am
An upsurge of Mergers and Acquisition (M&A) in East Africa is coming. Bold prediction maybe. Eni previously indicated a desire to farm down its investment interest in the region. But it is the recent news that Anadarko is considering a sale of its oil & gas assets in Mozambique and Tanzania that gives the greatest credence to the prediction.
Kurt Davis Jr., 9:53 am AFKI Original
Nigeria may not be hardest hit when it comes to oil prices. Pressure is building on accounts of sub-Saharan Africa’s two other major oil exporters — Angola and Gabon. Some analysts predict political unrest in Angola with more than 25 percent living below the poverty line. Thousands have taken to the streets over rising living costs in Gabon.
Kurt Davis Jr., 10:17 am AFKI Original
A sustained low oil price could reverse Nigeria’s current account surplus and send the Nigerian Naira plummeting further. Low revenues and low liquidity in the near term do not bode well for a turnaround. Boko Haram, in this financially dire situation, receives it strongest recruiting tool