The Editorial Team |

How To Get Private Equity Exits in Africa Right

Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times. New records are being set both at the levels of fund raising and sector diversity of investments. Africa is becoming increasingly investor-friendly. The attraction of PE to Africa is driven largely by many factors such as: the huge market size – Africa is home to over 1 billion people; relatively young population – about 60% are below 40 years…

Real Forex Volume: The new kid on the trading block

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AT TIMES, trading is an information arms race, where the traders with the best knowledge and the discipline to stick to their ideas tend to do better than those who trade on a whim. With this in mind, traders may be interested to hear that FX brokers have started to share their trading volume in real time. Such information was previously only revealed on exchange-traded products, like shares. Using examples from the stock markets, traders…

Elections in Nigeria: What businesses need to know

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High stakes elections in NigeriaAt the best of times, elections in Nigeria tend to be unsettling events accompanied by sporadic outbreaks of violence and rising inflation. Will the February 14 general elections be any different?Against the backdrop of slumping oil prices, Boko Haram’s worsening insurgency, and the rising chasm between north and south, the upcoming elections risk derailing Nigeria from its positive growth trajectory. However, the world should not underestimate Nigeria’s ability to muddle through…

Nigerian Equity: When and What to Buy/Sell

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The Nigerian Stock Exchange, Lagos, Nigeria The markets are strongly correlated to global crude oil prices and explains the sustained sell-off we have witnessed in the markets. Crude oil accounts for 75% of the country’s revenue and 95% of foreign exchange. With prices falling, reserves are under pressure and the ability of the CBN to continue to stabilize the naira is at risk. The capital markets are largely driven by foreign portfolio investors who account…

Egyptian pound under pressure

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Recent FX reserve losses highlight that external pressures on Egyptian pounds ( EGP) have not yet materially abated. But still, it is anticipated that Central Bank of Egypt (CBE) will keep EGP stable in the run-up to the March Economic Summit. Mobilizing enough GCC external aid and international investments will likely be crucial to support EGP further out, given the still large external funding needs and the upcoming parliamentary elections. Political economy matters suggest EGP…

China to invest in Africa’s mega infrastructure projects

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The African Union and China have recently agreed to on an ambitious transport infrastructure blueprint, aiming to link the capitals of all 54 states of the African continent via motorways, rail and air links. Promoting the development of a mature system of transport infrastructure in Africa will be extremely beneficial to China, guaranteeing it access to natural resources and markets on the continent, Chatham House Asia Program Associate Fellow James Edward Hoare told Sputnik on…

Africa Finance Corporation initiates $900m power project in Ghana

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Africa Finance Corporation (AFC), last week, effected the ground-breaking of the $900 million Kpone Independent Power Project (Kpone IPP) in Ghana, implemented by the Cenpower Generation Company Limited. AFC is the lead project developer, mandated lead arranger and largest equity investor in Kpone IPP, which reached financial close in December 2014. The ceremony was attended by Ghanaian Vice President KwesiAmissah-Arthur, Minister of Power Dr. KwabenaDonkor, and Robert Dwamena, Managing Director of the Electricity Company of…

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