Tag Archives: opportunities
opportunities: Latest News
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.
Dana Sanchez, 11:28 am
Chevron South Africa assets include a refinery in Cape Town that produces 110,000 barrels a day, a lubricants plant in Durban and about 800 Caltex service stations. It’s one of South Africa’s top five petroleum brands and has done business in the country for more than 100 years. Low oil prices and uncertainty about future prices will make it difficult for potential buyers to fund an acquisition themselves or to raise capital externally, a stakeholder said.
Kurt Davis Jr., 3:41 pm AFKI Original
Sub-Saharan African banks are late to the party. More than 75% of Africans lack access to traditional banking. Fintech offerings with the most potential are the ones that address the unbanked and underserved. Addressing Africa’s poor is impactful and a money maker, but it’s also time-consuming — something to consider if you want a quick return. Africans may be quick to try a mobile app or technology but end users are not always quick adopters. Here are five sub-Saharan markets with the most opportunities in fintech.
Dana Sanchez, 5:52 pm
Just one in 10 Ghanaians own any kind of insurance. The country has been the focus of foreign investors who use competition among mobile phone providers to offer free insurance, differentiating themselves in the market. Rising incomes, population growth and low penetration of insurance products suggest great potential for life- and non-life-insurance products in sub-Sahara, EY reports. But survey respondents said it’s hard to find talent who can build web and mobile apps geared toward insurance.
Dana Sanchez, 3:35 pm
Falling oil prices and the dire state of Africa’s oil and gas industry do present opportunities for some. Norwegian energy company Statoil has bought its first stake in South African oil exploration from ExxonMobil Corp. Exxon is the world’s fourth-largest oil and gas company and the fifth-largest company in the world. Statoil ranks No. 25. South Africa has limited proven offshore reserves of oil.
Staff, 2:33 pm
Lower oil prices will enable increased exploration and development because contractor and rig costs are lower, survey respondents said in the recently published PwC Africa Oil and Gas Review. “While the industry is in a fragile state, we at PwC envision that the players who survive the downturn in prices the best will emerge as agile machines with well-thought-out plans.”
Dana Sanchez, 5:05 pm
New laws creating greater liquidity in some African markets are providing more African private equity opportunities — especially in pension funds, says the manager of a pan-African private equity firm. Changing regulations governing the investment of African pension funds have momentous potential for private equity. Strengthening regional trade links are also among the recent reforms most affecting private equity investment strategy.
Makula Dunbar, 1:15 pm
Makerere University students have been tipped on opportunities for business development and employment in oil industry. The training was conducted by Total Uganda staff during the launch of oil gas week at Makerere University on Tuesday.
Makula Dunbar, 12:33 pm
McDonald’s is looking at potential new markets in Africa after the world’s largest restaurant chain entered a new southeast Asian country for the first time in more than two decades. McDonald’s will look at a number of nations for restaurant locations in Africa, which is expected to be part of the fast-food chain’s future growth strategy
Makula Dunbar, 2:41 pm
The union minister of commerce & industry Anand Sharma visited Mozambique on a two-day visit from Sept. 27-28, 2013. On September 27, Sharma met the prime minister of Mozambique, Alberto Vaquina and discussed the bilateral historical relations between the two countries. Later, Sharma met Armando Inroga, minister of industry and trade of Mozambique, where they discussed bilateral cooperation and agreed on the need for further diversifying trade and investments.
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