Insights
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
Industries
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
Industries
JBS SA, headquartered in Brazil and the world's largest meat producer, plans to invest approximately $2.5 billion to establish its first meatpacking facilities in Africa. Why does this matter: The outlook for JBS's operations in Nigeria is promising, given that Nigeria ranks as Africa'
Industries
The OPEC Fund, the development finance institution for the Organisation of the Petroleum Exporting Countries (OPEC) member states, has entered into a $40 million loan agreement with ETC Group, a prominent agriculture and supply chain operator in Africa. Why does this matter: The loan is the OPEC Fund's
Industries
Amsons Group, a Tanzania-based family-owned conglomerate, has proposed a significant $180 million acquisition bid for the entire stake of Kenya-based Bamburi Cement through its Kenyan subsidiary and investment vehicle, Amsons Industries Ltd. Why does it matter: This move lies in the fact that it is regarded as one of the
Industries
Africa Data Centres, the largest operator and owner of interconnected, carrier, and cloud-neutral data centre facilities in Africa, has secured $110 million to meet the growing demand for cloud computing services in South Africa. Why is this important: This development holds significant importance as the continent’s expanding digital infrastructure
Industries
Daybreak Farms, one of the largest chicken producers in South Africa, with a market share of over 7%, is planning to raise 250 million rand ($13.3 million) in debt. Why is this important: The company, owned by Africa's largest fund manager, Public Investment Corp, has had challenges
Industries
Cadbury Nigeria Plc the food, sweet and drink company has announced plans to convert an outstanding $7.7 million loan from its parent company Cadbury Schweppes Overseas Ltd into equity to reduce higher financing obligations due to the further devaluation of the Naira. Why is this important: Nigeria has undergone
Industries
Cinema experiences, Social media, Gaming, Movie production and Streaming videos are shaping Africa's entertainment industry leading to new business models and an evolving ecosystem. Highly skilled African filmmakers are attracting new international attention as they produce content telling the African story. The continent's film industry is
Industries
Africa Data Centres are becoming an alternative asset class as the continent’s digital infrastructure ecosystem which includes fibre-optic broadband expansion and telecom towers grows due to increased mobile data consumption, a vibrant tech sector, high cloud computing and social media usage. Why it matters: According to a report by
Industries
Data is everything, especially in Africa where its internet economy is growing at a fast rate leading to significant demand for data infrastructure and cloud base services. The nature of the demand cuts across key sectors of the economy such as financial services, healthcare, technology, businesses and government agencies with