Angola: Latest News
Kurt Davis Jr., 1:34 pm AFKI Original
African private equity deals fell to $2.5 billion in 2015, compared with $8.1 billion in 2014. Fundraising and transactions are expected to be down further in 2016. It is time to buy for 2017. Market expectations are low in some places, so asset prices are low. Logistics and financial services – going against the past market movement – are huge opportunities if you can buy in at low asset prices and ride the unavoidable African rebound in the next year and beyond.
Derek Dias, 9:47 am
From 1549 until 1875, Jolof or Wolof, was a powerful kingdom in what is now Senegal and Gambia. In 1875, the theocratic Imamate of Futa Jallon brought jihad upon its neighbor. The kingdom never recovered and the French took over soon after. C’est la vie. The next time you eat Jollof rice, you can thank this kingdom. Not enough people besides history buffs know about the great empires, kingdoms, and sultanates of Africa. Here are some of the great African empires you may never have heard of.
Kurt Davis Jr., 3:21 pm AFKI Original
Fund managers have struggled in 2016 to raise capital for sub-Saharan Africa-focused natural resource funds. Here’s where having a $1 billion sub-Saharan Africa natural resources fund really helps. In 2017, expect more assets on the market at more reasonable prices. The focus will be on capital management. Expect a buyer’s market. Low M&A value will persist but expect a recovery in volume of deals. Transaction structures will become more complicated. Expect contingencies as buyers and sellers attempt to manage exposure to commodity price volatility.
Keren Mikva, 8:47 pm AFKI Original
Mc Bright Kavari created a niche for his firm, Classic Fashion, as an elegant and dramatic fashion brand in Namibia. Kavari uses modern African styles combined with European-style twists, and loves to bend the norm and explore unique and untried ideas. An African fashion reception is underway through Sept. 15 at African Union headquarters in Addis Ababa showcasing designers from across the continent. Top designers — one each from 30 African countries — will be represented.
Dana Sanchez, 3:27 pm AFKI Original
With investors showing increased interest in African equity and bond markets and through direct investment, data issues are getting more urgent. Accurate and transparent statistics are essential indicators of economic potential, economists say. African countries generally fail to accurately record the size of the informal economy which could account for up to 62.7 percent of GDP. Three of the 10 countries listed here are expected to see their GDPs decrease in 2016. For others, it’s still Africa rising. Here’s what we know.
Staff, 7:37 am
The world of giraffe conservation just got turned upside down. The identification of new giraffe species reveals how endangered some of these populations have become. There are less than 4,750 northern giraffe in the wild, and less than 8,700 reticulated giraffe, making them them some of the most endangered large mammals in the world. This requires doubling protection efforts to secure these populations, a stakeholder said. Of the four species, only two appear to be fairly healthy.
Kevin Mwanza, 3:39 am
Angolan President Jose Eduardo dos Santos fired the country’s Finance Minister Armando Manuel on Monday two month after Luanda ended talks with the International Monetary Fund (IMF) over emergency funding. Dos Santos appointed Augusto de Sousa Mangueira, the former chairman of Angola’s Capital Markets Commission, as the new finance minister, according to a statement quoted by state-owned news agency Angop.
Peter Pedroncelli, 5:43 am AFKI Original
This coming weekend sees the final round of AFCON qualifiers, with teams from all over the continent finalising their qualifying campaign for the 2017 Africa Cup of Nations, which is set to take place in Gabon in January and February next year. Here is a brief look at some of the AFCON qualifiers, and what they will mean for the countries involved.
Staff, 6:53 pm
One of the worst yellow fever outbreaks in decades could soon spread globally. The World Health Organization is launching one of the largest emergency vaccination campaigns ever attempted in Africa. The epidemic could spread to the Americas, Asia, Europe and other cities in Africa. The virus is transmitted by the same species of mosquito that spreads Zika. Yellow fever is not highly contagious and easily prevented with vaccines, but just 18 million vaccines have been sent to Africa; 40 million are needed.
Keren Mikva, 2:56 pm
Nine out of the 10 biggest produce exporters to the U.K. are E.U. member countries. Potential changes to E.U. tariffs and the falling value of sterling have forced some retailers to consider sourcing from different countries. U.K. produce importers say they expect to see more produce from Africa. South Africa is already the No. 2 source of fresh fruit to the U.K. after Spain, and Kenya may become a beneficiary of the changing trade patterns.
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