Nominations Open for 2023 IsDB Prize for Impactful Achievement in Islamic Economics

Nominations Open for 2023 IsDB Prize for Impactful Achievement in Islamic Economics

LAGOS (Capital Markets in Africa)  — The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) is inviting nominations for the IsDB Prize for Impactful Achievement in Islamic Economics for the year 1444H (2023). Focusing on the Development Solutions Achievement category, this cycle of the Prize aims to recognize, reward, and encourage creative projects that successfully solve economic and financial challenges in the IsDB Member Countries. Individuals and institutions can apply or nominate other individuals and institutions based on…

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S&P Bulletin: Senegal’s Parliamentary Election Results Could Slow Reform Momentum

S&P Bulletin: Senegal’s Parliamentary Election Results Could Slow Reform Momentum

DAKAR (Capital Markets in Africa) – S&P Global Ratings anticipates that the Senegalese president, Macky Sall, may find it more difficult to implement his reform agenda following the parliamentary elections on Aug. 7, 2022. Preliminary results indicate that, for the first time since Senegal gained its independence in 1960, the incumbent president’s coalition has lost its parliamentary majority. Of the 165 seats in the Senegalese parliament, the president’s coalition Beno Bokk Yakaar (United in Hope),…

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Verdant Capital, a proud supporter and sponsor of AFSIC – Investing in Africa

Verdant Capital, a proud supporter and sponsor of AFSIC – Investing in Africa

Verdant Capital is a specialist corporate finance firm with exceptional experience transacting across the African continent. Verdant Capital is an investment manager and investment bank specialising in private credit and private equity. Verdant’s sectors of expertise include tech, inclusive financial institutions, telecoms, agri-business and manufacturing. Verdant Capital’s investment management business focuses on financial institution while their investment banking business has experience in financing most business sectors in Africa and can assist clients across a range of business…

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Ox Delivers: An interview with one of AFSIC’s many Success Stories

Ox Delivers: An interview with one of AFSIC’s many Success Stories

OX Delivers is an on-demand logistics company bridging the gap of Transport Poverty in Africa. With a strong focus on African rural emerging markets, OX uses clean, reliable, and affordable transport to help customers get their goods to market. The use of clean-transport electric trucks ensures OX is having a positive environmental impact as well as an economic and social impact on African communities. OX attended AFSIC 2021 and found it to be the perfect…

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Energy sector moves up a gear – Bhavtik Vallabhjee, Head: Power and Renewables, Absa Securities UK

Energy sector moves up a gear – Bhavtik Vallabhjee, Head: Power and Renewables, Absa Securities UK

LONDON (Capital Markets in Africa) – While South Africans are understandably frustrated by the operational issues at Eskom and the impact it is having on business and quality of life, it is important to stop and appreciate that real progress is being made. Let’s be clear: What South Africa has achieved over the past decade is nothing short of remarkable. The transition from a primarily coal-based energy economy was never going to be easy and…

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Total focus on renewables and gas is the cheapest way to meet Mozambique’s new electricity demand

Total focus on renewables and gas is the cheapest way to meet Mozambique’s new electricity demand

MAPUTO (Capital Markets in Africa) – To meet its growing energy needs and increase electricity access across the population, Mozambique must build 1.3 GW of new power capacity over the next decade. A further 2 GW would be needed to support the planned development of the Beluluane Industrial Park in the Maputo province. The challenge facing policy makers today is to identify and develop an optimal energy mix at the lowest total cost to service…

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Options Emerge for African Nations Locked Out of Debt Markets

Options Emerge for African Nations Locked Out of Debt Markets

LAGOIS (Capital Market in Africa) – African nations in search of cheaper financing still have the option to seek budget support from multilateral institutions and issue green bonds as eurobond yields surge, according to Oxford Economics Africa.   Of the 74 emerging sovereign dollar bonds tracked in a Bloomberg index, more than half of the worst-performing securities in the month to date are in Africa. That’s pushed the average eurobond yield on the continent to levels last seen…

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