Tag Archives: Sub-Saharan Africa
Sub-Saharan Africa: Latest News
Staff, 2:57 pm
At a time when aid is under political pressure, a bold approach is needed to maximize the efficiency of donor resources. While governments in Africa are spending more on public infrastructure themselves, outside finance is still required, especially for regional projects — rarely a priority for national governments. Aid from Africa’s traditionally generous foreign donors is set to shrink. There may be a solution. The “Big Bond” is a strategy for leveraging foreign aid funds in international capital markets to generate financing for massive infrastructure investment.
Peter Pedroncelli, 3:25 am AFKI Original
Many of us take access to electricity for granted, but only two out of every five people in Africa have decent access to energy to power lights and other electrical appliances throughout the day. Around 625 million people in Sub-Saharan Africa have no access to electricity, according to the International Energy Agency. We take a look at 12 Sub-Saharan African countries with the best access to electricity.
Dana Sanchez, 2:53 pm
Nigeria’s top shrimp producer, Atlantic Shrimpers has unveiled a 400-acre shrimp farm that it says will be the largest in sub-Saharan Africa, producing shrimp for Nigeria and the export market. A French-owned shrimp farm in Madagascar that is about 10 times bigger may already have claimed that title. Owned by a French company, the farm in Northwest Madagascar is one of two spread over 4,000 acres of natural clay soil, producing more than 5,000 tons of shrimp per year. The Madagascar farm is also the first in Africa to get international certification that promotes responsible fish farming.
Kurt Davis Jr., 10:10 am AFKI Original
The risk in some sub-Saharan Africa deals can push mezzanine interest rates up between 20-30%. Yet mezzanine finance is a vital opportunity for the SSA financial market. Avoiding equity dilution is a top concern for entrepreneurs and family business owners. Mezzanine finance is a way to do that. If the company is willing to assume more debt to avoid equity dilution, then mezzanine finance is vital. Mezzanine finance is also a vital part of greenfield or brownfield infrastructure, especially power projects.
Kurt Davis Jr., 1:34 pm AFKI Original
African private equity deals fell to $2.5 billion in 2015, compared with $8.1 billion in 2014. Fundraising and transactions are expected to be down further in 2016. It is time to buy for 2017. Market expectations are low in some places, so asset prices are low. Logistics and financial services – going against the past market movement – are huge opportunities if you can buy in at low asset prices and ride the unavoidable African rebound in the next year and beyond.
Staff, 12:01 am
Political interference is a key challenge for sanitation in Africa. Public toilets are often owned by politicians, and this affects enforcement of sanitation law because the system is ripe for corruption. Citizen monitoring is effective in fighting corruption. Technology and citizen monitoring are necessary for good sanitation, stakeholders say. Private sector service is fundamental for achieving sanitation goals in sub-Saharan Africa. Entrepreneurship and business opportunities should be encouraged.
Kurt Davis Jr., 1:07 pm AFKI Original
After-work teas are becoming after-work beers and glasses of wine in Africa. As incomes grow in sub-Saharan Africa, consumers are demanding better quality wine and spirits – both imported and locally made. “Drink more please” — it’s not the best parenting line but it is the thinking of many top executives at wine and spirit companies. Sub-Saharan Africans drink 10-to-11 liters of beer per person per year. Comparatively, Asians drink about 19-to-20 liters and Americans drink about 73-to-74. Only South Africans drink more than the global average — around 46 liters.
Kurt Davis Jr., 10:48 am AFKI Original
Spending on gas projects in 2015 surpassed spending on oil for the first time in North Africa. The serendipitous discovery of gas in sub-Saharan Africa is bewildering to many investors. Discovering gas while searching for oil is like finding gold outside your door when you need cash. The question is how to turn the gold into cash. North Africa could be providing the near-term strategy for sub-Saharan Africa.
Dana Sanchez, 3:38 pm
We’ve all seen the media reports about UberEverything coming to Africa — but what does that really mean? In a nutshell, it means Uber needs more drivers and more managers. Metered taxi drivers regularly protest perceived unfair advantages Uber enjoys. A protest of 100 drivers turned violent today in Cape Town. One of the most disruptive technologies ever created, Uber is expanding to new markets in Africa and advertising for a South African manager for a restaurant food delivery service. The San Francisco-based tech company is also working to bring UberPool and UberRush to SA.
Dana Sanchez, 8:40 am
Botswana has the third highest HIV rate in the world after Lesotho and Swaziland, and was the first country in sub-Saharan Africa to provide universal free antiretroviral treatment. Its very high rates of HIV diagnosis, treatment, and viral suppression are better than most Western countries including the U.S. Glaxo said in March it would no longer seek patents for medications launched in low-income or least-developed countries. Botswana is a middle-income country.
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