Tag Archives: East Africa

East Africa: Latest News

  • East Africa Is The Manufacturing Star In Sub-Saharan Africa In 2017

    manufacturing star in sub-Saharan Africa By Kurt Davis Jr., 9:54 am AFKI Original

    As commodity prices have fallen, African manufacturing has increased leverage — and the attention of investors — to garner more foreign investment. Tanzania is probably one of the easier bets if you are following the crowd. Success stories include Kenya-based Catalyst Principal Partners, an East Africa-focused private equity firm which invested in Zenufa Laboratories, a leading Tanzanian pharmaceuticals manufacturer. Catalyst also invested in Chemi Cotex, which makes toothpaste, skin and hair products. Both involve non-food and beverage consumer goods that are manufactured locally. Both have taken market share due to quality products and competitive pricing.

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

  • How To Grow Crops In The Desert: West Africans Attend First-Ever Israel-Africa Agricultural Summit

    first-ever Israel-Africa agricultural summit By Dana Sanchez, 11:16 am

    It wasn’t easy getting ECOWAS members to hold a conference in Israel. The 15-member Economic Community of West African States held their first-ever seminar outside West Africa. They learned hands-on about Israeli irrigation technology and how a tiny Middle Eastern country under attack from all sides has managed to thrive in adversity. “In Israel we make the impossible possible,” a conference organizer said. “This conference is an example.” Netanyahu plans to visit West Africa in a few months.

  • Business Opportunity: Reversing The Low Supply Of Medical Services In East Africa

    medical services in East Africa By Dana Sanchez, 1:57 pm

    Africa is short 90,000 doctors, 500,000 nurses, 300,000 community health workers and 500,000 hospital beds — and that was in 2007. With populations among the fastest-growing in the world, the ratios are getting worse. For someone interested in investing in the continent, these numbers could spell opportunity. Here are some market opportunities and investment ideas that could help fill the gap where other medical services are lacking.

  • ‘Africa Excites Our Imagination’: Netanyahu Offers 15 African Leaders Partnership

    Netanyahu offers 15 African leaders partnership By Dana Sanchez, 6:05 pm

    In a closed-door meeting at this week’s U.N. General Assembly, Netanyahu said he plans to visit West Africa later this year, “but I don’t intent to limit myself to East Africa or West Africa. Israel is looking at all of Africa,” he said. “And I hope that all of Africa looks at Israel.” Energyia Global Capital, a Jerusalem-based solar enterprise, launched East Africa’s first solar field in 2015 in Rwanda. The company is prepared to invest $2 billion in Africa over the next four years through Obama’s Power Africa program. The goal is clean electricity for 50 million people by 2020.

  • Kia To Assemble Cars In Ethiopia At Its First East African Plant

    Kia to assemble cars in Ethiopia By Dana Sanchez, 11:35 am

    Ethiopia moved closer to its goal of being an auto industry hub when South Korea’s Kia Motors signed a deal to start assembling cars there. Tax breaks and cheap labor are some of the attractions. For now, Ethiopia must compete with South Africa and Morocco. Egypt, Kenya and Sudan also assemble vehicles. Kia has faced stiff competition in recent years from U.S. and Japanese rivals while demand in emerging markets has cooled. “It is important to penetrate the African market,” a Kia boss said.

  • West Africa Is Increasingly Lucrative For Airlines, But Lacks A Hub

    West Africa is increasingly lucrative for airlines By Dana Sanchez, 5:52 pm

    Today, 80 percent of all West African airline traffic is carried by non-African carriers and about 15 percent by non- West African carriers. East African airline Kenya Airways recorded a 28 percent increase in passengers in West Africa for the year ending June 2016. Yet West Africa, with 40 airports and 300 million population in 15 countries, has no strong airline and no airport hub. Several airports are vying to be hubs.

  • Seeking New Markets: Venture Capital Fund Leaving London, Moving To East Africa. Here’s Who’s Already There

    moving to East Africa By Dana Sanchez, 11:35 am

    London’s startup ecosystem is flooded with early stage funding for tech startups, so one of the city’s best-known venture capital funds is planning to move to a much less crowded neighborhood — East Africa. East Africa’s angel investment scene is rising, but slowly. Angel investing in Africa can make a big difference to economies there, said the founder of London VC fund Playfair Capital.

  • From Aid Recipient To Donor: South Korea Brings New Model, Competition To Africa

    South Korea Brings New Model By Dana Sanchez, 4:03 pm

    South Korea is counting on Africa’s rising middle class. The government wants President Park’s visit this week to Africa to be seen in line with the trends of major global powers such as the U.S., China and Japan. While the U.S. pushes for democracy alongside development, South Korea takes a different approach. It works with authoritarian regimes that prioritize growth over democracy. Samsung operates in 32 African countries and is designing products such as phones and fridges specifically with African consumers in mind.

  • Banking In East Africa: Beating Economic Headwinds

    By Kurt Davis Jr., 10:50 am AFKI Original

    East Africa has depended on economic diversity and local entrepreneurship to keep the economic pace in the past decade. The East African Community accordingly will expand faster than its peers. Lower import bills, less currency volatility and comparatively more foreign investment will bode well for the region’s growth and performance. It is hard to ignore how the integral parts of the system – the banks – do not benefit from that prognosis.

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