Burkina Faso: Latest News
Staff, 9:01 am
One of the biggest current challenges for the impact investing community is the aggregation and deployment of growth capital equity in the world’s poorest countries. Few would argue with the proposition that for the world’s poorest countries to move out of poverty there must be a new investment model. In view of the absence of local private equity, growth capital and venture funds in those countries, as well as the small deal sizes, there is a challenge in which growth capital can be deployed.
Peter Pedroncelli, 5:47 am
French telecommunications operator Orange have announced the launch of an African startup investment initiative that will support innovative startups across the continent. Orange has earmarked $56 million for investment, with half of it set to be invested indirectly through funds that specialize in the digital sector. The other half of the funds will go towards the creation of a new initiative, called Orange Digital Ventures Africa, which will invest directly in African startups within a number of industries including logistics, e-commerce, transport, energy, fintech, and e-health businesses.
Staff, 9:10 am
SES has been selected to lead a project to extend high-speed communications infrastructure throughout the country of Burkina Faso. The firm will provide the full end-to-end solution, including wireless terrestrial communication and integration with the available optical fibre backbone, to connect 881 sites for e-government, education, and health in Burkina Faso. SES Networks will also provide managed service and maintenance support from Luxembourg, and through a local presence in Burkina Faso.
Peter Pedroncelli, 5:22 am AFKI Original
Starting a company is never simple, but in some places it is far easier to start a business than it is in others. Africa is no different, and due to a number of factors such as regulation, requirements and government incentives, establishing a business in one part of the continent is not comparable to another. The World Bank recently ranked economies using various factors, and one of those was the ease of starting a business. Here are 12 sub-Saharan African countries where it is easiest to start a tech business.
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Peter Pedroncelli, 7:57 am AFKI Original
Many of the countries with the poorest access to electricity are in Africa, with around 625 million people in sub-Saharan Africa devoid of any access to electricity whatsoever. Due to issues such as insufficient capacity, poor reliability, and high costs, only around 32 percent of the population within sub-Saharan Africa have access to electricity. We take a look at 12 Sub-Saharan African countries with the poorest access to electricity.
Peter Pedroncelli, 2:18 am AFKI Original
Many countries in Africa have extremely high central bank interest rates compared to most of the world, but there are some who boast lower rates that compare favourably on a global scale. Lower interest rates allow the people of that country to be able to afford loans and pay them back at more favourable rates versus countries where the interest rates are much higher. In comparison, the United States federal reserve has an interest rate of 1 percent, while the United Kingdom’s rate is currently set at 0.25 percent. We take a look at 13 African countries with the lowest central bank interest rates.
The Conversation, 2:38 pm
Blockchain, an almost incorruptible digital ledger of transactions, has the potential to be both foundation and springboard in Africa for a new developmental infrastructure. The blockchain can be “the ledger of everything.” A house can become an intelligent entity registered on a secure, distributed database once it’s tagged with a geospatial reference and sensors that monitor its continuing existence. The owner of the asset can, through an Ethereum-based smart contract, secure a loan to expand a startup enterprise. Property and financing aren’t the only areas where the new Internet of Intelligent Things has the potential to compensate for Africa’s legacies of underdevelopment.
Kurt Davis Jr., 10:13 am AFKI Original
The Anglos have an apparently insatiable investment appetite for the region. Gabon will no longer fly under the radar after Washington, D.C.-based Carlyle Group — the world’s largest private equity fund — purchased Royal Dutch Shell’s onshore assets in Gabon for $587 million. Petroleum services, infrastructure and timber are rising on the radar for crafty investors in Gabon. Financial services and ICT too. Gabon is a stable provider of services and networks to neighboring countries. Here are six other Francophone African countries investors are looking at.
Peter Pedroncelli, 3:51 am AFKI Original
Nigerian international Victor Moses has withdrawn himself from the Nigeria squad to face two friendly international assignments in the coming days, infuriating coach Gernot Rohr. The Chelsea player injured his calf muscle during the London team’s 1-0 FA Cup quarter-final victory over Jose Mourinho’s Manchester United, and as a result he will miss two matches for the Super Eagles.
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