Tag Archives: Investment

Investment: Latest News

  • AGOA: Just 1 Reason Why China Loves Manufacturing In Ethiopia

    why China loves manufacturing in Ethiopia By Staff, 1:00 am

    By moving manufacturing to Ethiopia, Chinese textile companies are moving closer to their raw material base, the cotton-producing countries. This is part of their value chain repositioning, a strategy most Chinese companies are adopting. They’re are also using Africa as a gateway to emerging markets on and off the continent. Products made in Ethiopia can be exported duty- and quota free to the U.S. under the African Growth and Opportunity Act (AGOA). The same benefits apply to the E.U. Ethiopia also offers cheap electricity at US$0.04 cents per kilowatt hour. It’s now the second-largest electricity producer in sub-Sahara due to its hydropower dams.

  • Opinion: Getting Africa’s Energy Transformation Right Will Involve Policies, Investments That Boost Diversity

    Africa's energy transformation By Staff, 1:00 am

    Africa has an opportunity to pioneer the next investment frontier. Rather than treating new climate-related risks as hurdles to overcome, African policymakers should view them as opportunities for investment and innovation. To accelerate a market shift on the scale that Africa needs will require increased financing from export credit agencies, development banks, commercial financial institutions, and other cross-border sources.

  • South Africa’s Big 12 Retailers Shift From Expansion To Tech Investment

    shift from expansion to tech investment By Staff, 11:08 am

    Data from the big 12 retailers in South Africa show that they are putting their money into store refurbishments and IT instead of African expansion. Compare this to five years ago. The picture was very different. There was talk of aggressive store rollouts. Some South African companies have expanded into Europe and the U.K. to diversify earnings, but when the rand strengthened, those companies lost out. The customer focus is grounded in technology for the Big 12. IT is playing a critical role in investing in customers — building online capability, enhancing efficiency across supply chains and distribution, and reward programs to enhance client insights.

  • It’s All About Language: Tech Entrepreneurs Suffer Through Cameroon’s Internet Shutdown

    Cameroon’s internet shutdown By Tom Jackson, 11:20 am AFKI Original

    President Paul Biya promised to increase technology jobs by investing in infrastructure, but Cameroon had been slow in its digital transformation. Stakeholders believe investors will be reluctant to back local companies there as a result of the internet shutdown. The government shutdown is expected to damage the many startups that were getting themselves investment ready in the country. By restricting internet access, “the government is sending the wrong messages to investors … they are undermining the future of its people.”

  • 12 Things That Need To Be Addressed To Help Struggling African Tech Startups

    African Tech Start-Ups By Peter Pedroncelli, 5:40 am AFKI Original

    Africa is the new tech frontier, with a great deal of potential and passion for technology that should translate into the right environment to nurture and grow successful African tech startups, but obstacles and struggles remain. These issues scupper the necessary investment and growth that these startups require so that they can become sustainable and successful on a continental and global scale. We take a look at 12 things that need to be addressed in order to help struggling African tech startups.

  • US, UK Finance Groups Invest In Kenyan Warehouse Development

    invest in Kenyan warehouse development By Dana Sanchez, 1:01 am

    Companies expanding in Africa are helping drive the need for more warehouse space. There is a dire shortage of warehouse facilities, says global real estate consultancy Knight Frank. Scarcity of quality warehouses in Nairobi presents opportunities for investors and developers, and the largest development bank in the world is taking notice. U.S.-based IFC and the U.K.’s CDC finance group are investing up to $35 million in Nairobi warehouse development. Logistics is an often overlooked part of economic development, the CDC said.

  • 7 African Countries Favored For Infrastructure Investment In 2017

    African countries favored for infrastructure investment By Kurt Davis Jr., 9:32 am AFKI Original

    Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.

  • Opinion: Africa Could Easily Be A Global Economic Powerhouse Within 10 Years

    Africa must industrialize By Staff, 12:55 pm

    To fulfill its economic potential, Africa must industrialize and it’s well suited to do so. The question is how. The economic growth experienced in recent decades has not been sustainable or inclusive. Africa’s economies must move beyond producing raw materials to build competitive manufacturing with added value. Developed countries’ experiences will help Africa avoid the pitfalls of unbridled industrialization, especially environmental damage. Africa is committed to industrialization. The process is already underway in Ethiopia, Ghana, Rwanda, and Senegal.

  • Which Pension Funds Are Investing In African Infrastructure?

    pension funds are investing in African infrastructure By Dana Sanchez, 2:50 pm

    About 90% of managed assets are concentrated in four countries including South Africa and Nigeria. SA leads, thanks to rules that allow them to invest 10% of assets through private equity. Nigeria is held back by trust issues. “The thought of using our pension fund for investment in public-sector infrastructure development is highly frightening given the well-known penchant for mismanagement inherent in public-sector institutions in Nigeria,” the Nigerian Labour Congress says. Pension funds are ideal for driving inclusive growth and social stability through long-term projects such as infrastructure, says consultancy firm RisCura.

  • Leading Pan-African Infrastructure Financier Issues $150M Maiden Sukuk

    sukuk By Dana Sanchez, 11:22 am

    Islamic finance is in its early stages in Africa but the potential is getting huge attention from financiers on the continent, due in part to the demographic realities of Africa. Muslims account for 40 percent or more of the population in nearly half the countries in Africa. Africa’s infrastructure deficit needs around $90 billion in investment each year for the next 10 years, according to consulting firm EY. Sukuk could be an affordable way for African governments to fill the gap.

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