Africa | - Part 42

Private Equity Investment in Africa Buoyed by Continuous Growth in 2014

London, United Kingdom, 2 March 2015: The outlook for private equity in Africa remains exceptionally positive for 2015, a new report by the African Private Equity and Venture Capital Association (AVCA) reveals. This is in spite of ongoing challenges concerning subdued growth prospects in Europe and China and any short-term uncertainties on the continent itself. The report, released on 27th February 2015, shows growing support for, and increased investor confidence in, African private equity over the…

CFA franc peg to Euro sustainable

Posted on by The Editorial Team

Standard Chartered Bank considered that a devaluation of the West African CFA franc and the Central African CFA franc, which are both pegged to the Euro, is not likely in the near term. The CFA franc is the common currency of the West African Economic & Monetary Union and the Central African Economic & Monetary Community. First, it anticipated that the depreciation of the Euro against the US dollar would benefit the CFA franc zones…

Egypt could raise up to $2 bln in Eurobond issue

Posted on by The Editorial Team

LONDON (Reuters) – Egypt could raise as much as $2 billion through a Eurobond this year and expects economic growth of close to 7 percent in three years’ time, Finance Minister Hany Kadry Dimian said on Friday. The Arab world’s most populous country is in the process of rebuilding its battered finances after the uprising that toppled Hosni Mubarak four years ago hit the country’s economy, discouraging investors and tourists, and slashing growth. “I am…

Africa’s Oil & Gas Explorers Must Rethink Capex on Exploration

Posted on by The Editorial Team

JOHANNESBURG, South-Africa, February 17, 2015/ — Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industry in Africa released by PwC . “Oil & gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given the substantial decline in the…

What’s driving African banking…and what’s stalling it?

Posted on by The Editorial Team

Very few Africans make use of formal financial services. In fact, only 24% of adult Sub-Saharan Africans had a bank account in 2012, while the global average was 50%, says the Global Findex Database. In the following countries less than 10% had an account that year: Sudan, Senegal, DRC, Central African Republic, Chad, Niger, Madagascar and Mali. The main reason for this low level of financial inclusion in Sub-Saharan Africa (SSA) is low income. Closely…

Runa Alam Considers Why Africa’s Opportunities Far Outweigh Its Risks

Posted on by The Editorial Team

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African firm, in 2007. London-based DPI’s clients now include the $9.3 billion Missouri State Employees’ Retirement System and International Finance Corp., the private sector development arm of the World Bank Group. In a region where private equity general partners complain about a paucity of exit opportunities, DPI has managed eight initial public offerings and six corporate…

Africa’s Net capital inflows at $23bn in 2014

Posted on by The Editorial Team

The United Nations estimated net capital inflows to African economies at $23.3bn in 2014, relative to net outflows of $24.2bn in 2013. Net flows to the region fluctuated significantly since 2005 as they reached $26bn in 2005, $109bn in 2006, $11.2bn in 2007, $52.1bn in 2008, $30.2bn in 2009, – $1.2bn in 2010, $20.9bn in 2011 and $60.8bn in 2012. Net private capital inflows to the region accounted for 13.6% of total net private inflows…

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