Markets: Latest News

  • Tourism Company Plans Bid For Botswana’s National Airline In Privatization Plan

    national airline By Peter Pedroncelli, 5:53 am

    Botswana’s largest tourism company, Wilderness Safaris, is planning to make an official offer to purchase the country’s national airline, Air Botswana, with the government looking to privatize the loss-making state-owned enterprise. In February this year the Botswana government put the airline up for tender, publishing an expression of interest invitation in the media in order to attract interested parties who would like to bid. The country’s transport department made it clear that it would consider bids for Air Botswana.

  • London Stock Exchange To Attract Investment For Kenya’s Energy Industry

    Kenyan government signs memorandum of understanding with London Stock Exchange. Photo - LSE By Peter Pedroncelli, 5:44 am

    The London Stock Exchange has committed to raising capital for Kenya’s energy industry, with the first ever memorandum of understanding signed between the London bourse and the East African government. The agreement was signed by Charles Keter, Kenyan cabinet secretary for energy and petroleum, and Nikhil Rathi, chief executive officer, London Stock Exchange plc. The memorandum sets out the commitment from both sides regarding the raising of funds to benefit the country’s energy industry, through public market equity and debt listings.

  • How More Agri-Traders Can Improve Liquidity In Africa At The Exchange Entry Point

    agri-traders could improve liquidity in Africa By Kurt Davis Jr., 10:55 am AFKI Original

    Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.

  • 12 Most Attractive African Economies For Investment In 2017

    12 Most Attractive African Economies To Invest In For 2017 By Peter Pedroncelli, 6:38 pm AFKI Original

    Africa remains a continent with great investment potential, and African economies continue to make efforts to attract investors from around the globe. With a population of over one billion people and rapidly growing middle class, Africa offers significant opportunities to invest in the continent’s non-commodities sectors such as financial services, construction, and manufacturing, amongst others. Here are the 12 most attractive African economies to invest in for 2017.

  • What It’s Like For Startups To Partner With Mobile Operators In Emerging Markets

    Agritech challenge - Entrepreneurs use digital technology to increase farm productivity By Tom Jackson, 3:26 pm AFKI Original

    Startups innovate much faster than mobile operators but they lack the wide reach — and customers — that more established companies have. Mobile operators and startups in emerging markets should work together because collaboration could be mutually beneficial, according to a new GSMA report — “Opening Doors: A Start-Up’s Guide to Working With Mobile Operators in Emerging Markets.” Some mobile operators are openly listing their API documentation and integration processes, and are willing to listen to startup founders.

  • Opera Software To Invest $100M In Africa’s Digital Economy

    Opera Software To Invest $100 Million In Africa's Digital Economy By Peter Pedroncelli, 9:18 am

    Norwegian Internet browser Opera Software has announced plans to invest $100 million in Africa’s digital economy over the next two years, as the company aims to consolidate its most robust market. The investment will be used to develop artificial intelligence that delivers Africans customized and localized content, while continued efforts will be made to reduce data costs by around 90 percent. The goal is also to grow African businesses in partnership with African tech companies. It is envisaged that Opera will bundle in third-party services that provide mobile payment and improved data features through the web browser.

  • Vodacom Making Moves In East Africa, Acquires Majority Stake In Safaricom

    Vodacom is set to undergo a rebranding with the digital future in mind. Image: enca.com By Peter Pedroncelli, 4:39 am

    South African telecommunications giant Vodacom is in the process of acquiring a majority stake in Kenya’s largest company and major East African telecoms firm, Safaricom. The announcement was made on Monday, with a proposed 34.94 percent indirect stake set to be bought from the Kenyan government. The stake is worth 284 billion Kenyan shillings or around $2.76 billion, based on Safaricom’s current share price on the Nairobi Securities Exchange.

  • African Financial Services In 2017: Buying Low For The Upside

    African financial services By 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.

  • Cape Town Brings In Over $112M In 6 Years As Africa’s Best Business Tourism Destination

    Cape Town Brings In Over $112 Million In Six Years As Africa's Best Business Tourism Destination By Peter Pedroncelli, 5:53 am

    Cape Town has been named the best business tourism destination on the African continent once again, a ranking produced by the International Congress and Convention Association (ICCA) revealed. The Mother City is now considered the 39th best business tourism hub in the world, having improved last year’s ranking by 15 spots. In the last financial year, the city secured 33 new bids with an estimated attendance of 28,000 delegates and an estimated economic impact of around $31.7 million, while conferences over the past six years have had an estimated economic impact of more than $112 million.

  • Nigeria To Invest In Expanded Electricity Generation With $5.2B World Bank Loan

    electricity generation By Peter Pedroncelli, 6:09 am

    Nigeria is looking to invest in plans to expand electricity generation and capacity with a proposed $5.2 billion loan from the World Bank, thereby boosting economic recovery following the country’s first contraction in a quarter of a century. Nigeria’s power, works, and housing minister Babatunde Fashola has identified the loan amount as a requirement in order to address the issues that the country has in terms of distribution of power, transmission-capacity and poor access to electricity in rural areas. These issues have a knock-on effect for the economy, and addressing these would allow for improved electricity capacity for Nigerian private and public enterprise

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