Markets: Latest News

  • 12 Things You Didn’t Know About Facebook’s Africa Headquarters

    Facebook's Africa headquarters By Peter Pedroncelli, 4:27 am AFKI Original

    Based in Johannesburg, South Africa, Facebook’s Africa headquarters was recently custom-built and launched, with the social media mega-company now building a larger presence on the ground in Africa. From a mothers’ room to numerous meeting rooms and a stunning balcony that overlooks the city, a glimpse of Facebook’s Africa offices makes one wish that their company would offer the same awesome facilities. We take a look at 12 things you didn’t know about Facebook’s Africa headquarters.

  • Naspers Approaching US And UK Investors To Expand Online Businesses

    Naspers strengthens online businesses By Peter Pedroncelli, 3:54 am

    Naspers, Africa’s biggest company by market value, is set to approach American and British investors to discuss a bond issue in an effort to continue the expansion of their online businesses and interests through more acquisitions. Cape Town-based Naspers is a global internet and entertainment group that has built a reputation as one of the largest technology investors in the world. It owns stakes in numerous international companies including Multichoice, ShowMax, Mail.ru, Flipkart, PayU, Konga, Takealot.com, OLX and Chinese investment holding company Tencent, giving Naspers a market value of around $90 billion.

  • 12 Issues Africa Needs To Address To Be More Globally Competitive

    Kenya Stock Exchange - East African Stock Markets By Peter Pedroncelli, 6:38 pm AFKI Original

    Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.

  • Wearable Tech Market Shows Impressive Growth In Africa

    The wearable tech market is growing in Africa. Photo - Engadget By Peter Pedroncelli, 6:15 am

    While wearable tech is all the rage across the globe, Africa is not being left behind, with first quarter data showing impressive growth for the African region, alongside the Middle East. Wearable devices such as the Samsung Gear and Apple iWatch have gained traction in Africa, and the latest figures compiled by the International Data Corporation show an upward trend for the fashionable and functional accessories. The International Data Corporation’s Worldwide Quarterly Wearable Device Tracker for the first three months of 2017 illustrates that shipments of wearables were up 30.2 percent year-on-year.

  • New Investment Model For Africa’s Poorest Countries

    Investment Model By 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.

  • South African Mobile Security Solutions Firm Secures Multi-Million Dollar Funding

    Silicon Valley fund - South African security platform Entersekt allows autentication on the go. Photo: ITWeb By Peter Pedroncelli, 5:06 am

    South African mobile security solutions company, Entersekt, have concluded a deal that will see multi-million dollar investments made to fund the continued international expansion of the firm. The Stellenbosch-based company will be backed by investors Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE). The two investors acquired minority shares in Entersekt for an undisclosed amount, with the mobile security solutions firm describing the investment as a multi-million dollar agreement.

  • South African IT Firm Sells US Business For $830M, Share Price Up 25%

    South African IT Firm - Datatec CEO Jens Montanana. Photo: Techcentral By Peter Pedroncelli, 6:42 am

    South African IT firm Datatec has reached an agreement to sell U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America for $800 million, while 10 percent of Westcon-Comstor will be sold to Fortune 500 company SYNNEX for a further $30 million. Operating in 70 countries across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region, Datatec is an international ICT solutions and services group based in Sandton, Johannesburg. The deal still awaits regulatory and shareholder approval.

  • 12 Least Attractive African Economies To Invest In For 2017

    African economies By Peter Pedroncelli, 2:08 am AFKI Original

    While Africa is a continent with great investment potential, some African economies have struggled to attract foreign investors. Certain economies have not experienced the positive growth that characterizes many of the nations within the African continent, and as a result they remain unattractive as investment destinations. Quantum Global Research Lab conducted research to produce the 2017 Africa Investment Index based on a variety of factors such as macroeconomic and financial indicators and the World Bank Group’s Ease of Doing Business Indicators. Here are the 12 least attractive African economies to invest in for 2017.

  • Senegal’s Eurobond Shows Investors Will Reward African Countries For Political Stability

    Senegal's eurobond By Kurt Davis Jr., 12:01 am AFKI Original

    African bond investors are laying the rules for 2017 after a tumultuous 2015 and 2016. Senegal’s $1.1 billion Eurobond launch earlier this month establishes the parameters. The offering – more than eight times oversubscribed – demonstrates investors will reward African countries for growth and political stability. But what many African sovereign bond issuers will have to consider is how big yields could become. In some corners of the continent, bankers may start to ask if there will be a penalty for those holding significant undisclosed debts.

  • Agriculture Is The No. 1 Opportunity For African Internet Of Things, Security The No. 1 Challenge

    African Internet Of Things By Tom Jackson, 10:33 pm AFKI Original

    The Internet Of Things is already widespread, but people aren’t using the terminology or the platforms that bring greatest value to connectivity between devices, says Arthur Goldstuck, MD of South African tech market research firm World Wide Worx. In Africa, IoT is used primarily in vehicle tracking and telemetry — you might call them the first generation of IoT. There isn’t an industry in Africa that has not been disrupted, a stakeholder said. “All industries are moving into this digital age and are transitioning or transforming their business models. IoT is a key driver for that.”

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