Today’s main economic and political developments across the continent

Today’s main economic and political developments across the continent

LAGOS (Capital Markets in Africa): Zambia’s new dawn has given way to a chilly and overcast day. The country has effectively been in debt restructuring talks since 2020, and even the Hichilema administration, with the backing of business and multilaterals, has been able to make real inroads in this regard. The next two weeks will bring some clarity regarding the state of affairs and the way forward. In neighbouring Angola, the central bank has cut…

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Investment: East African Survey Deep Dives into Challenges and Opportunities

Investment: East African Survey Deep Dives into Challenges and Opportunities

NAIROBI (Capital Markets in Africa) — The lack of access to investors, the reliance on international VCs and global recessions trends are perceived as threats by respectively 59%, 56% and 55% of respondents; 28% of respondents indicated that covid 19 had slowed down investment across the East African start-up landscape, making it the biggest impacting factor over the last twelve months; 54% of seed businesses rely on family and friends to provide funding; 74% of…

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The Misplaced Fury around Sound: Time to Put the Record Straight – NJ Ayuk

The Misplaced Fury around Sound: Time to Put the Record Straight – NJ Ayuk

Climate activists are making more than noise about 3D seismic studies being used to delineate oil and gas reserves offshore Africa. They’ve proceeded with legal action that may force Shell Plc to pull the plug permanently on its search for hydrocarbons along South Africa’s Wild Coast, the country’s poorest province. Seismic surveys use sound waves to help oil and gas companies build an image of hydrocarbon deposits buried deep underground. They are considered a fast…

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Canon to spotlight sustainability activists and forward-thinking organisations

Canon to spotlight sustainability activists and forward-thinking organisations

DUBAI, United Arab Emirates, February 13, 2023/ — Canon EMEA, the world’s leading imaging company, is partnering with1 sustainability focused award programme the Global Good Awards for the fourth year running. Alongside the annual Canon Young Champion of the Year category, Canon has introduced a new education focused award category, which will recognise organisations that have rolled out Canon’s Young People Programme. Entries for the Canon Young Champion and Education category open today. The Canon…

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Africa Marks Special Day at 27th United Nations Climate Conference (COP27)

Africa Marks Special Day at 27th United Nations Climate Conference (COP27)

CAIRO (Capital Markets in Africa) – African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change. The event, dubbed ‘Africa Day,’ provided countries and development partners, including the African Development Bank, the opportunity to highlight measures to tap the continent’s unique economic potential. The African Union Commission, African Development Bank,…

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WEBINAR | Pre-emptive debt restructuring: a viable scenario for fragile African sovereigns?

WEBINAR | Pre-emptive debt restructuring: a viable scenario for fragile African sovereigns?

30 Sep 2022 | The expiry of Covid-19-related support coupled with a surge in the goods import bill has exacerbated pressure on external trade positions for various African sovereigns. We see headwinds intensifying from 2023 onwards in the form of a deepening drought in East Africa, populist-leaning policies aimed at appeasing voter frustrations, large redemptions of external public debt facilities, and moral hazard. The risk profile is fragmented but a common thread can be found…

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Register for Investing in Africa with AF2210M discount code

Register for Investing in Africa with AF2210M discount code

The Investing in Africa Event not to be missed 10th and 11th October, London, UK AFSIC – Investing in Africa 2022, Africa’s investment event, www.afsic.net, scheduled for the 10th and 11th October in London promises this year to deliver some exceptional investment and networking opportunities for everyone interested in doing business and investing in Africa. Firmly established as a leading event focussed on driving investment into Africa, AFSIC has this year attracted some exceptional partners and sponsors who are…

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