Kurt Davis Jr.
Kurt Davis Jr., 2:32 pm AFKI Original
Importers are struggling to pay suppliers. Shippers are delaying arrivals to the ports of Angola to provide importers a more appeasing option than simply going out of business. Banks are wondering if their dollar deficits — if they persist until 2017 — will sour relationships between Angolan importers and global suppliers. The presidential election is also hanging over this economy, scheduled for August 2017. Isabel dos Santos may be the person to watch.
Kurt Davis Jr., 12:19 pm AFKI Original
Kenya remains the “comeback kid” in Africa when challenges arise. Don’t be surprised if the country’s real GDP growth reaches beyond 6 percent. In an ironic twist, low oil prices will help Uganda and its big deficit. The political tension of the upcoming Feb. 18 general election and the months following will factor in how markets respond to Uganda’s currency. But come April, expect Uganda to be back on track for a strong end to 2016.
Kurt Davis Jr., 10:50 am AFKI Original
DRC is in for a big telecom boom. It has a mobile penetration rate of 68% — lower than the African average — with a 100% penetration predicted by 2020. If you are not prepared to spend on Africa’s fourth most-populated country, then you will miss out. Capital will have to be patient. DRC is an early stage emerging-market country with an election planned in 2016, but the revenue potential cannot be ignored.
Kurt Davis Jr., 2:59 pm AFKI Original
The Democratic Republic of Congo is struggling with sexual violence and child recrutiment in war-torn and impoverished areas. Jeannine Mabunda advises President Joseph Kabila on sexual violence and child recruitment. Former minister of state assets, she has connections to concerned political leaders including U.S. Rep. Karen Bass. She is one of 7 African women expected to move the needle in 2016.
Kurt Davis Jr., 8:11 am AFKI Original
From now through 2016, many African countries will conduct presidential and legislative elections. Ghana’s CPP party offers an interesting presidential candidate if its Chairwoman Samia Nkrumah chooses to run. Nkrumah is the first woman to head a major Ghanaian political party and she’s also the daughter of Ghana’s first president, Kwame Nkrumah. Her charismatic approach and appeal to women and youth give her party new hope, but it may be too early to challenge Mahama. Check out five elections high on our watch list.
Kurt Davis Jr., 8:00 am AFKI Original
Fewer traffic jams for Kenya. Rebounding copper prices for Zambia. A less tarnished international image for Sudan that reaches beyond civil conflict — because there are investment opportunities in the country. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2015 makes way for 2016.
Kurt Davis Jr., 1:53 pm AFKI Original
Electricity has been a campaign promise that Buhari’s predecessors couldn’t keep. No voter can ignore the reality of challenges in improving electricity in Nigeria — a depreciating naira, low oil prices and an entirely new regime. A little better attitude towards spending and finishing projects could go a long way. Analysts say a reduction in crude theft could boost Nigerian revenue by 10 percent.
Kurt Davis Jr., 10:59 pm AFKI Original
Islamic finance in Africa is in its early stages but the potential is garnering huge attention from financiers, due in part to the demographic realities of Africa. Nearly half the African countries have Muslims populations that account for 40 percent or more of the total. Several African countries are planning sukuk debuts — the Islamic equivalent of a bond. Arab leaders are more than willing to share in the profits of infrastructure projects in Africa.
Kurt Davis Jr., 9:15 pm AFKI Original
Ghana is doing better than expected. Zambia’s president has called for a national day of prayer. Only half the Angolans surveyed would like to start a business compared to about 80% in the rest of sub-Sahara. Even if decision making is stalled on Nigeria’s Senate, the underpinnings of the economy are improving. Refineries are working. Electricity is better. These are tough times for promising countries.
Kurt Davis Jr., 7:56 am AFKI Original
Rising incomes in Africa mean more people are willing to pay for better schooling. Nigeria and Ghana haven’t seen as big of a boost as Kenya in private education investment. Accra, Abuja, and Lagos are still starved for affordable private education options for the middle class. With private school fees at $4,000 to $5,000 a year, the opportunity for investment is massive. Here are five opportunities for investing in African private education.