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Tuesday, April 25, 2017

AfDB unveils $12bn power plan for Africa

The African Development Bank (AfDB) has unveiled its new electrification programme, under which it will invest $12bn over the next five years. This funds will support its New Deal on Energy for Africa, which aims...

African private equity down in 2016 but outlook is positive

At the African Private Equity and Venture Capital Association (AVCA) annual conference in Abidjan, Cote d’Ivoire last week, it was revealed that private equity (PE) investment in Africa fell sharply in 2016. The volume of PE...

Horn of Africa: Premiership football and khat unify region

They make an odd pair, the Premiership and the khat plant, and yet the two have a similar impact in the Horn of Africa. The televised matches of the English football competition offer a shared...

Marriott International Opens First Property in Kenya

Marriott International, Inc. on Monday announced its first property in Kenya with the...

Catalyst Principal Partners completes first close of second fund with over $100 million in...

Catalyst Principal Partners has completed a first close of its successor private equity...

Port of Djibouti to become ‘Shekou of East Africa’, according to Chinese investors

China Merchants Group (CMG) has announced that it wants to turn the Port of Djibouti into a big hub port, similar to the Shekou terminal in Shenzhen, China. The Port of Shenzhen – which includes...

The “Made in Kenya” narrative loses steam

It is easy to think of Kenya as a country on the rise. Its economy, East Africa’s biggest, has been chugging along at a steady growth rate of 5–6% for the last few years,...

Fitch downgrades South Africa's credit rating to "junk" status

Ratings agency Fitch downgraded South Africa‘s credit rating to sub-investment grade on Friday, saying...

Tackling Africa’s jobs challenge – African Business Magazine

With their faded brickwork facades advertising cheap cleaning products and SIM cards, the modest foreign-owned convenience stores of Pretoria are a familiar sight at the heart of township life. Yet in February, at least 20...

World Bank plots $60bn war chest for Africa

The World Bank Group is beginning to work out the details of its new financing package for Sub-Saharan Africa. Record funding of $57bn over three years was announced at a meeting of the G20 finance...

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