Private Credit
The Business of Local Currency Financing in Africa.
Ratings
Tackling the 'African Premium' Issue
African countries under the African Union (AU) plan to create the Africa Credit Rating Agency (AfCRA), facilitated by the African Peer Review Mechanism (APRM). A Credit Rating Problem The continent faces an 'African Premium' issue in the international credit market, which is dominated by the big three credit
Briefings
This Week in Africa Finance
More in today's email: * Tackling the 'African Premium' Issue * Ethiopia's Thriving Investment Renaissance * Investors Confidence in Nigeria's Economic Reforms Surges * Talking Points: Introducing the 'Africa Infrastructure and Project Finance Newsletter * The Termsheet Let's dive in! Tackling the 'African
Economics
Investors Confidence in Nigeria's Economic Reforms Surges.
Tinubunomics, Nigeria’s economic policy aimed at readdressing the country's economic challenges driven by years of fuel subsidy, corruption, fiscal mismanagement and currency devaluation is now bearing economic fruit. In 2022, almost 40% of the country’s revenue was spent on fuel subsidies, it also experienced constant currency
Economics
Ethiopia's Thriving Investment Renaissance.
Ethiopia is experiencing a resurgence in investment activities, with significant progress in economic growth, infrastructure development, and foreign direct investment (FDI). An impressive turnaround For years, Ethiopia has faced wars, economic upheaval, and uncertainty. Despite these challenges, it is now one of Africa's fastest-growing economies. * Last year the
Sport
South Africa and Rwanda Compete to Bring Formula 1 Racing Back to Africa
South Africa and Rwanda are making significant strides in bringing Formula 1 racing back to the streets of Africa, a continent that has not hosted a race since 1993. Why it matters: The last Formula 1 event in Africa was in 1993, when Alain Prost secured his final championship title.
Insights
The Surge of Smartphone Adoption in Africa: A Catalyst for Financial Inclusion
Smartphone adoption in Africa is projected to grow significantly, transforming the continent's financial landscape. Why It Matters: Increased affordability is expected to lead to smartphone usage accounting for 88% of all connections in Sub-Saharan Africa by 2030, compared to a global average of 92%. Consumer trends are anticipated
Merger and Acquisition
Cameroonian Government to Acquire Société Générale Cameroon for $191.6 million
The Cameroon government plans to acquire a 58.08% stake in Société Générale Cameroon for $191.6 million. This strategic acquisition comes as Société Générale is divesting its assets across Africa, creating opportunities for Pan-African banks to strengthen their presence through mergers and acquisitions. Recent transactions related to Société Générale&
Industries
Nigeria Targets Private Capital Investors with $32 billion Electricity Reform.
Nigeria is implementing an ambitious electricity sector reform to make the industry more attractive to private capital investors. Why it matters: Poor tariff policies and ongoing challenges such as liquidity problems, substandard electricity supply, insufficient distribution infrastructure, and frequent power outages have made access to electricity in Nigeria a scarce
Insights
How Patient Capital is Boosting Africa’s Renewable Energy Drive.
Venture Capital
Africa’s First Fund Returners
Qui Capital, an early-stage investor in Africa, has achieved a rare feat by returning its $4 million inaugural fund to its limited partners after successfully selling some shares in Moniepoint, an African fintech unicorn. Why does this matter: In the global investment community, it is rare for first-time funds to