October 19th, 2021
Via Impact Alpha, an article on Sudan’s first foreign venture capital investment in 30 years – $5 million for Alsoug.com: Macroeconomic, political and currency risks can make investors wary of infrastructure and private equity in Africa. Sudan, which is open for investment after the Trump administration removed Sudan from the list of terrorist states last year. Sudan was […]
Read more »TotalEnergies and Iraq Agree To A $27bn Deal
October 15th, 2021
Via The Economist, a report on a new oil deal in Iraq: Being an oil-industry boss is an exercise in displeasing all sides. Pumping hydrocarbons out of the ground is lucrative, but angers environmentalists—including those sitting in boardrooms and governments. Renewables and other green projects are more palatable, but often fail to woo investors. TotalEnergies […]
Read more »October 15th, 2021
Via The Diplomat, an article on how – for China – the establishment of banks in Nigeria presents an opportunity to further integrate itself with the financial systems of the African continent: During the commemoration of the 2021 Chinese Mid-Autumn Festival in Nigeria’s capital city, Abuja, Chinese Ambassador to Nigeria Cui Jianchun announced that he […]
Read more »Something Strange Is Happening With North Korea’s Currency
October 15th, 2021
Via Bloomberg, a report on Kim’s strange currency surge: In normal economies, currencies weaken in times of difficulty, but something counter-intuitive is happening in North Korea: the won is surging just as things are getting worse. Kim Jong Un’s country has been hit by the toughest sanctions in its history, massive flood damage and an unprecedented pandemic that cut […]
Read more »October 14th, 2021
Courtesy of The Financial Times, an article on how Latin America became tech’s next big frontier: Buying a used car, renting an apartment or opening a bank account: all recurring nightmares in Latin America, because of reams of paperwork, lethargic bureaucracy and legal pitfalls. Start-ups created to tackle problems like these are propelling the region […]
Read more »Tech Majors Scramble for Africa’s Internet Market
October 13th, 2021
Via The East African, a report on tech majors’ scramble for Africa’s internet market: Africa’s internet market is up for a major scramble as global tech corporations rush to invest hundreds of billions of shillings, in the hunt for millions of Africans expected to join the online community over the next decade. Last week, global […]
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