investing in Africa Archives - AfricaBusiness.com

25Oct

By Africa BusinessNo Comments

African News, Business

Absa Closes Significant Trade Finance Facility with BII

Absa has successfully secured a $150 million facility from British International Investment (BII) PLC as part of its mission to help close the trade finance gap in Africa. BII (formerly known as CDC) is a UK-based Development Finance Institution (DFI) focused on investing patient capital to foster productive, sustainable, and inclusive economies. Absa, as the borrower in this transaction, will utilise the funds to support this objective, with a specific focus on the African continent. Names from left to right are: Nick O’Donohoe, CEO, BII Anneliese Dodds, UK Minister for Development Charles Russon, Interim Group CEO, Absa Group “Our unyielding commitment to the success of the continent continues to drive us to find solutions to serve our customers in a meaningful and ...

16Oct

By Africa BusinessNo Comments

African News, Business

MIGA and ATIDI collaborate to streamline African investments

Associations consent to second three-year arrangement to scale and imitate fruitful organization models. The agreement will establish a method for evaluating progress and outcomes, as well as joint marketing efforts to enhance cooperation and investigate new investment opportunities. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group Guarantees, and the African Trade & Investment Development Insurance (ATIDI) have signed a three-year partnership to accelerate foreign direct investment throughout Africa. The two organizations have reached a second agreement to maximize development impact. Through the World Bank Group guarantee platform, the two organizations will collaborate by utilizing ATIDI's insurance and guarantee product expertise across t...

27Oct

By Africa BusinessNo Comments

Business, Startups

The most valuable ‘white spaces’ today in African investing

By Victor Basta, CEO of DAI Magister In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth surge has created a large group of companies already scaling successfully, while the current market environment has reduced the capital available. This untapped potential between high quality investment “demand” and reduced capital “supply” extends to various commercial sectors, including logistics, HR, and insurance, all presenting significant high value “white spaces” waiting to be filled. For those looking to invest in Africa, especially in high-growth, digitally driven companies, these markets offer immense potential. African Investment In Developed Digital Sectors Africa’s digital sectors are leading the way in ...

Ken Sharpe Gives 10 Things to Expect in 2023 in the Property Development Sector in Africa | Expert Forecast

26Jan

By Africa BusinessNo Comments

Real Estate, Zimbabwe News

Ken Sharpe Gives 10 Things to Expect in 2023 in the Property Development Sector in Africa | Expert Forecast

Operating a property development business has always been associated with some sort of risk and the mood among most real estate investors since the COVID19 era is cautious optimism with the global economy recovery being slowed down by the Russia-Ukraine war as well as the growing number of middle-class consumers caused by rapid urbanisation; all these affecting the trends in the property development sector. Property developer and CEO of West Properties Zimbabwe, Kenneth Sharpe, who is one of the real estate tycoons in Africa gives us some insights on what to expect in 2023 across Africa in the property development industry. “Being a real estate investor, I have witnessed a lot of events and trends in the property sector but I can surely tell you that post-pandemic trends have been the mo...

24Nov

By Africa BusinessNo Comments

Angola News, Events

The right time to bet on Angola

António Henriques da Silva Chairman of the Board of Directors of the Luanda-Bengo Special Economic Zone and Chairman of the Board of Directors of Angola’s Agency for Private Investment and Export Promotion (AIPEX) The Republic of Angola has always generated enormous interest from investors in all sectors all over the world. However, recently the economic changes caused by the sudden drop in oil prices and the devastating effect of the Covid-19 pandemic on world economies, many people are questioning whether the Angolan market is a safe bet to make their capital profitable and solidify their entrepreneurial endeavors. The answer is, undoubtedly, positive. With the vaccination process enabling effective control of the pandemic in Angola, this is the right time to invest in the Angolan ...

18Nov

By Baker McKenzieNo Comments

Main

Ten reasons to consider African trade and investment opportunities in 2022

By Lerisha Naidu, Partner, Competition & Antitrust; Lodewyk Meyer, Partner, Banking and Finance; Mike van Rensburg, Partner, M&A; and Virusha Subban, Partner, Customs and Trade, Baker McKenzie Johannesburg 1. Visible green shoots – rising commodity prices The pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason for a decline in investment in 2020. A lack of available capital and acquisition finance, as well as difficulties pricing deals in an uncertain market, also affected investment. Other reasons for declining investment, included that the levels of economic activity have slowed in the major African economies, such as Nigeria and South Africa. However, green shoots are visible and market fundamentals are sig...

12Nov

By Africa BusinessNo Comments

Fintech, Startups

Failing To Win

A new book from Burnet Media, Cape Town will inspire and guide the next generation of African entrepreneurs. Failing To Win by Mike Quinn is the authentic story of a uniquely African startup at the forefront of the continent’s fintech revolution. Inspired to become the “M-Pesa of southern Africa” after Kenya’s pioneering mobile money innovation, Zoona secured tens of millions of dollars in international investment and grew to serve two-million customers in Zambia, Malawi and Mozambique while processing $2.5-billion in transactions. This is an ideal read for anyone doing business or investing in Africa, and in particular for purpose-driven entrepreneurs and impact or venture capital investors. ABOUT THE BOOK In 2009, Canadian entrepreneur Mike Quinn packed his backpack and moved to Lu...

26Oct

By Africa BusinessNo Comments

Main

2021 sees surge in fundraising by African infrastructure funds with $2.14bn USD targeted

Africa-focussed infra investment funds have set a record fundraising target in 2021 Majority of deals by infra funds are of ‘green’ assets, as climate rises up the agenda for asset managers Dry powder and assets under management by infra funds at an all-time high, signalling investment boom to come Africa-focussed infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters. A total of ten funds have set a combined target of 2.14bn USD in their latest fundraising, a marked increase on previous years and over three times the average annual amount targeted over the last ten years. This year has also seen the largest number of newly formed funds that will specifically target Africa’s infrastructure needs - at ten...

26Oct

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo

Invest in DR Congo Forum held at Expo 2020 Dubai

The Invest in the Democratic Republic of Congo Forum addressed major investment opportunities within the country, and brought together stakeholders to discuss policies and ideas, in order to bring in FDI towards DR Congo, at the Expo 2020, Dubai, UAE. The Invest in the Democratic Republic of Congo Forum was held on the 17th of October, 2021 at Suite 1 North, Dubai Exhibition Centre, Expo 2020 Dubai. The Invest in DR Congo Forum 2021 welcomed hundreds of participants and top speakers at the Expo 2020, with the agenda to promote and address the investment-friendly business environment of DR Congo. IDRC 2021 Forum brought together ministers, government officials, public and private sector organizations, investors, policy experts & advisors who discussed significant areas of growth and...

9Oct

By Africa BusinessNo Comments

Events, Startups, Tech

TLcom Announces 3rd Africa Tech Female Founder Summit

Julia Gillard, Former Prime Minister of Australia & Chair of Andela, announced as keynote speaker TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of the 2021 Africa Tech Female Founder Summit, which will be held virtually on Wednesday 13th October 2021. The keynote session is headlined by Julia Gillard, former Prime Minister of Australia and Chair of Andela, who will discuss how founders should think about establishing and working with their boards from early-stage growth to scale. With the event now being held for the third successive year, TLcom has opened applications for female tech founders across Africa and the Diaspora to attend this year’s virtual summit, which also features female C-Suite executives from Africa’s leading tech star...