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News About Africa
The African Sports & Creative Institute's Comparative Study on the Budgets of 19 African Sports Ministers
Jan 2022 | By The African Sports & Creative Institute
Despite the rising influence of the private sector, states are far from the first investors in the African sports sector. The African Sports & Creative Institute's new study presents key figures to evaluate the level of financial engagement of the 19 African nations regarding sport.
Barkindo: The last wiseman standing in OPEC
Feb 2022 | By Ndu Ughamadu, The Guardian
The indelible imprints of Dr Mohammad Sanusi Barkindo, outgoing Secretary-General of OPEC, have been on the Organisation since June 1986.
Cumulatively, Barkindo, a brilliant technocrat cum savvy negotiator endowed with lots of native Intelligence, has served – still serving- OPEC in different capacities: first, as Nigeria’s official government delegate( in his twenties) to the Conference; second, Nigeria’s OPEC Representative and Member of the Organization’s Economic Commission Board; third, Nigeria’s OPEC Governor; fourth, Acting OPEC SG and lastly, current OPEC SG.
Google To Invest $1 Billion In Africa Over Five Years
Dec 15, 2021 | By Reuters
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent's digital transformation, it said on Wednesday.
Sote, An African Supply Chain Company, Raises $4M In A Seed Extension Round
Jan 21, 2022 | By Afrotech
Sote, an African supply chain-focused company, has announced its recent round of funding.
In a press release announcement provided to AfroTech, it was revealed that the company — which launched the “continent’s first licensed tech-enabled customs clearing and forwarding service“ — raised an additional $4 million in its seed funding extension round. The funding, which was led by Social Capital, Chamath Palihapitiya’s fund, brought Sote’s total fundraising efforts to $8 million.
UK Development Arm in $1.7bn Joint Venture with Dubai Operator
Oct 12, 2021 | By David Pilling, Financial Times
CDC Group to invest $720m for minority stake in project in Egypt, Senegal and Somaliland.
The Gabonese Strategic Investment Fund joins the One Planet Coalition of sovereign wealth funds
Oct 4, 2021 | By Financial Afrik
The French President, Emmanuel Macron, and the US President's Special Envoy for Climate Change, John Kerry, met on Monday 4 October 2021 with representatives of Sovereign Wealth Funds (SWFs) on the occasion of the One Planet Coalition's (OPSWF) Fourth Annual Sovereign Wealth Fund CEO Summit.
Sudan Opens for Business
May 7, 2021 | By Volker Perthes, Project Syndicate
After decades of strife and bloodshed, Sudan has made significant gains in the two years since its revolution, adopting important economic reforms and gradually rejoining the international community. Now, the country needs investment, and it has no shortage of profitable opportunities to offer.
Reopening and reimagining Africa: How the COVID-19 crisis can catalyze change across the continent.
May 29, 2020 | By McKinsey & Company
COVID-19 poses a grave threat to lives across Africa, with the World Health Organization (WHO) estimating that the continent could see up to 190,000 deaths over the next year if the pandemic is not controlled. In the face of this challenge, governments have acted fast, both to strengthen the capacity of health systems and to contain the spread of the virus: as of May 19, about half of Africa’s population lives in countries imposing some type of lockdown. But despite accelerating case numbers and still-low testing rates in many countries (Exhibit 1), as well as recent reports of a worsening health crisis in hotspots on the continent, some governments have started to ease restrictions with caution as economic pain becomes more acute for households.
AfCFTA Afro Champions engages two billion dollars to accelerate the activation of the free trade area
Dec 12, 2020 | By Bilkiss Mentari, Africa News Agency
Afro Champions, a club of businessmen, political leaders coming all from Africa is advancing an investment initiative of 2 billion dollars to set in place the free trade area in the African continent. in its quality of an effective activist in civil society.
Farid Merabet: "In Algeria, President Tebboune wants to develop economic diplomacy towards Africa"
Nov 11, 2019 | By Pascal Airault, l'Opinion
Algeria aims to become, like Casablanca, a gateway for foreign companies wishing to project to the African continent.
Trump's new Africa strategy misjudges risks of Chinese debts
Dec 18, 2018 | By Paulo Gomes, Axios
Last week, the Trump administration unveiled its new Africa strategy, prioritizing deeper economic ties, counterterrorism and the efficient use of U.S. aid. The strategy aims to counter Chinese and Russian interests on the continent, especially the former’s strategic use of debt to control African countries.
Afreximbank Launches $1 billion Programme to Promote Nigeria-Africa Trade; Signs MoU for $1.235 billion for Industrial Parks
Dec 13, 2018 | By Afreximbank
The African Export-Import Bank (Afreximbank) today in Cairo signed an agreement with the Nigerian Export Promotion Council and the Nigerian Export-Import Bank (NEXIM), launching a $1-billion Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) aimed at promoting and expanding trade and investments between Nigeria and the rest of Africa.
Africa Business Magazine Interview With Paulo Gomes
Aug 6, 2018 | By African Business Magazine
The chair of the AfroChampions commission on the alliance between sovereign wealth funds and strategic funds talks about the practicalities of creating a fertile environment for African multinationals to arise
Japan’s Leapfrog Ventures Launches $4.5m Fund For Sub-Saharan Africa
Jul 13, 2018 | By Lynda Kiernan, Global AG Investing
Tokyo-based Leapfrog Ventures has launched a $4.5 million fund focusing on investments in startups across sub-Saharan Africa, centered on the countries of Rwanda, Uganda, Kenya, and Tanzania.
Launched by Takuma Terakubo in partnership with Samurai Incubate, the company where he formerly worked, the fund will be stationed at the well-known co-working space, kLab in Kigali, Rwanda. The plan is to make investments of approximately $50,000 each in seed-stage startups engaged in agriculture, logistics, energy, healthcare, and finance
Africa 2017 Forum
Jan 2017 | By African Business Magazine
Political leaders and economic decision-makers from across Africa attended the Africa 2017 Forum in Sharm el Sheikh, Egypt, in December. African Business looks at some of the highlights of the event.
Participation of ASEACC at the Africa 2017 included Olam, AFREXIMBANK, Secretary-General (Asia) Kelvin Tan, and Paulo Gomes, Advisory Board Chairman.
Here’s what Africans think about China’s influence in their countries
Oct 28, 2016 | By Kim Yi Dionne, The Washington Post
Scholars and analysts debate about China’s growing influence in Africa. Just in The Monkey Cage, we’ve featured posts asking whether China’s influence in Africa is something to fear, how China’s role in Africa isn’t as dominant as we think, why fearing Chinese aid to Africa is wrong, and still more. These accounts are largely written from an American perspective.
What Africa will look like in 100 years
Mar 11, 2016 | By Ashley Kirk, The Telegraph
As Africa’s population looks set to quadruple over the twenty-first century, The Telegraph digs into the data to reveal the opportunities – and challenges – facing a fast-changing continent.
Who will plan Africa’s cities?
Sep 12, 2013 | By Watson, V. & Agbola, B., Africa Research Institute
Africa’s cities are growing – and changing – rapidly. Without appropriate planning, they will become increasingly chaotic, inefficient and unsustainable. In many countries, planning legislation dates back to the colonial era. It is ill-equipped to deal with contemporary urban problems. A shortage of urban planning and management professionals trained to respond to urban complexity with progressive pro-poor approaches exacerbates urban dysfunction.