Finance Ministers and Central Bank Governors from CFA franc ECOWAS member-states and the CEMAC bloc (Economic Community of West African States and Central African Economic and Monetary Community), have called for rigorous efforts towards environmental challenges and development funding viabilities for climate change. Climate change This is a prelude to the forthcoming United Nations Climate […]
Tag: investment
Rapid West African growth makes issued debt manageable
Rapid economic growth in West Africa’s CFA-franc zone will keep debt loads manageable despite a recent wave of heavy borrowing by governments, the governor of the regional central bank told Reuters. The Economic and Monetary Union of West Africa (UEMOA) plans to issue 2,865 billion CFA francs ($4.9 billion) in debt this year, down 22.4 […]
Oil needs to rebound to $75 to make Kenya project worthwhile – Tullow
Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil and Africa Oil to go ahead with their Kenyan project, the chief executive of Africa Oil said.CEO Keith Hill told the Reuters Africa Investment Summit he was confident that crude prices would recover to […]
Interswitch launches $10m fund, invests $850k in A-Post
Pan-African payments company Interswitch has launched a US$10 million ‘ePayment Growth Fund’, and made its first investment in Tunde Kehinde’s tech-driven courier company ACE. Interswitch said the fund is intended to serve as a “catalyst for funding innovation and disruptive business concepts within the payment industry across Africa”. The company is looking to collaborate with […]
Capex investment by Oil & Gas explorers in Africa to be hit by price fall
Oil & Gas explorers need to rethink their capex on exploration activity in Africa in the light of the drop in the global oil price: PwC analysis According to PwC’s ‘Fit for $50 oil in Africa’ analysis, Africa has seen substantial successes in the exploration for hydrocarbons over the last decade Oil & gas explorers […]
South African Benefit From Oil Price Decline Seen as Temporary
(Bloomberg) — The benefit from the lower oil costs for South Africa’s economy will probably be temporary as the drop hasn’t passed through to wider prices and crude should increase further, Reserve Bank Governor Lesetja Kganyago said. “Average wage settlements are still in the realms of 8 percent,” Kganyago said in a speech to a […]
Tony Blair’s principles for partnerships between African governments and investors
In recent years there has been a shift in the relationship between African economies and the outside world – from one of dependence to one of partnership. Former British Prime Minister, Tony Blair, during his speech at the Investing in African Mining Indaba held in Cape Town last week. This was highlighted by former British […]
Policy execution continues to hinder Africa’s energy devt
The choices that the African continent has made on policy execution may be holding it back, says Shell South Africa chairman, Bonang Mohale. Africa has substantial wind, solar, hydropower and geothermal resources. PHOTOS: leadershipplatform.com/ Kreepa “We know that great wars are won by good execution, more than just great plans. Even a mediocre plan will […]
30 Most Promising Young Entrepreneurs In Africa 2015
“Young entrepreneurs and those they inspire are the lifeblood of Africa’s rise.” – Tony O. Elumelu , Founder, Tony Elumelu Foundation Africa’s growing crop of young entrepreneurs will transform the continent and rewrite its future. And they are taking charge of that destiny now. Today, a growing number of Africans are building innovative technologies and […]
