Trump Terminated Power Africa, an Initiative to expand electricity in Africa

Trump Terminated Power Africa, an Initiative to expand electricity in Africa

LONDON (Capital Markets in Africa) – The Trump administration has terminated Power Africa, a U.S. initiative launched in 2013 under President Barack Obama to enhance electricity access across Africa. This decision aligns with broader federal budget cuts aimed at reducing government spending. Power Africa, managed by the U.S. Agency for International Development (USAID), aimed to bring electricity to tens of millions of African households, addressing critical infrastructure gaps across the continent. Since its inception, the program…

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Africa Today’s main economic and political developments across the continent

Africa Today’s main economic and political developments across the continent

LAGOS (Capital Markets in Africa): While this week’s CPI print in South Africa changed the discussion from whether the Sarb will cut in September to by how much, other smaller central banks seem to be well ahead of the curve. North of the border, Botswana’s central bank has recently implemented its second 25-bps policy rate cut this year. Another cut is expected in 2024. Meanwhile, Rwanda, too, has implemented a second-consecutive policy rate cut, with…

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Launching a startup in Africa: OX Delivers

Launching a startup in Africa: OX Delivers

LONDON (Capital Markets in Africa): At AFSIC – Investing in Africa 2024 dialogue focuses on nurturing investment and collaboration across the investment value chain and driving sustainable growth in Africa. With a wide variety of industry sectors attending and many of the key financial sector participants present, investors attend AFSIC looking for new investment ideas or looking to raise capital for their own funds. To help facilitate this the AFSIC Investor Pitching room offers quickfire…

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Private capital slowdown in Africa mirrors global investment trends

Private capital slowdown in Africa mirrors global investment trends

London (Capital Markets in Africa) – The African Private Capital Association – today announced the release of the 2023 African Private Capital Activity Report, the anticipated annual report providing insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape.  In 2023, the global economy faced a series of interconnected shocks, including rising political tensions, increasing fragmentation in global trade, escalating interest rates and tightening monetary policies to address high inflation. Amidst volatile…

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Impact Investing in Africa, Verdant Capital @AFSIC 2024

Impact Investing in Africa, Verdant Capital @AFSIC 2024

Capital Markets in Africa (LONDON): AFSIC – Investing in Africa, one of Europe’s leading Africa investment events will host its annual conference in London on October 7, 8 and 9th at the Park Plaza Westminster Hotel. Over 1500 of the most senior and influential people within the African Investment world are expected to attend including 350+ investors. Investors include Development Finance Institutions (DFI’s), Sovereign Wealth Funds, Pension Funds, Private and Listed Equity funds, Private and…

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The End of the Road – Saxo Bank’s 2024 Outrageous Predictions

The End of the Road – Saxo Bank’s 2024 Outrageous Predictions

LONDON (Capital Markets in Africa): Saxo Bank, the leader in online trading and investment, today announced its annual Outrageous Predictions for 2024. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, would send shockwaves across the financial markets.  “The End of the Road” for Complacency Entering 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an…

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Nerves ease about inflationary pressures and oil hovers at lower levels

Nerves ease about inflationary pressures and oil hovers at lower levels

LAGOS (Capital Markets in Africa) – Another day, and another US jobs report has set the tone, but this time it’s relief rather than anxiety washing through. The FTSE 100 is treading water amid calmer sentiment in early trading, after tech stocks on Wall Street powered indices higher. Hopes are increasing that interest rates in the US might not have to stay at quite such high levels for quite so long.  Investors are fixated on…

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