Democratic Republic of Congo: Latest News
Staff, 5:21 pm
African heads of governments are among the highest paid in the world despite the continent’s many challenges. Jacob Zuma, South African president is the highest paid in the continent earning $272 000 per year, ranked fourth in the world.Rwanda’s president, Paul Kagame is ranked tenth, earning only $85 000 per year. Jacob Zuma $272 000 per annum. Zuma has been the president of the Republic of South Africa since 2009. Zuma was among the world’s top 10 highest paid president, he was listed fourth.
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.
Kurt Davis Jr., 5:03 pm AFKI Original
The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.
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, 7:36 am
President Donald Trump’s proposed plan to cut foreign aid funding to African countries by 28 percent provides an opportunity for nations such as Liberia to stand on their own and take responsibility for the well-being and future of their people. In March the American president unveiled a plan to cut funding for the State Department and USAID. The budget proposal will see a massive cut in funding to African beneficiaries, with West African nations such as Liberia set to lose out on a significant amount of aid from the U.S.
Peter Pedroncelli, 5:29 am
The Democratic Republic of Congo hopes to import 200 megawatts of power from South Africa, which would enable Africa’s largest copper-producing nation to boost copper production in 2017 by as much as 20 percent. South African state-owned utility Eskom has made 1000 megawatts available for export over the next decade. Trust issues between mining companies and the Congolese state-owned power company threaten to derail the deal. Previous promises to deliver energy supply have failed.
Kurt Davis Jr., 2:00 am AFKI Original
Short-term volatility and uncertainty in the African growth story create opportunities for hedge funds. Hedge funds generally operate more flexibly than private equity, and they have the creativity to generate bond-like returns that outpace inflation. Critics say hedge funds have limited liquidity in an opaque world. The riskiest play — but with big returns — is in agriculture and land. Where land is for sale in Africa, investors are making a play for a limited resource, especially when it’s arable, ripe for production or ideal for commercial and residential construction.
Peter Pedroncelli, 7:02 am AFKI Original
African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of April, according to the FIFA ranking.
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.
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