Author: The Editorial Team

DAKAR (Capital Markets in Africa) – Senegal’s sovereign wealth fund is considering investing in neighboring countries after it starts receiving part of the oil and gas revenues from new fields in the nation. The $25 billion economy, set to start production next year, will allocate a minimum of 10% of the sector’s revenues to the fund, Babacar Gning, chief investment officer at the state-owned Sovereign Fund for Strategic Investments or Fonsis, said in an interview.“The law…

JOHANNESBURG (Capital Markets in Africa) – A non-fungible token created from Nelson Mandela’s original arrest warrant raised 1.9 million rand ($130,000) in an auction to help fund a heritage site that documents South Africa’s struggle for democracy.  Mandela, the anti-apartheid activist who emerged from 27 years in prison to become South Africa’s first Black president, was arrested in 1962 for conspiring to overthrow the White-minority government.  Proceeds from the sale will go toward the Liliesleaf Museum…

LUSAKA (Capital Markets in Africa) – Zambia may be better known for mining copper than crypto, but a group of young entrepreneurs are looking to reinvent the country as an African technology hub — with support from Ethereum co-creator Vitalik Buterin. Startup founders from the southern African country and abroad are talking to the government about creating the regulatory and business environment that would attract more tech firms and capital. The group is in the…