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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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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Why we focus on the Emerging Markets consumer

Why we focus on the Emerging Markets consumer

A thoughtful investor I know asked whether focusing solely on the consumer in our EM strategy “was still appropriate.” Given this is our exclusive focus it rather took me aback. Granted, our growth proposition has been under the hose for 18 months now (as has growth all around the world) with analysts cutting forecasts in the face of rising inflation and rates. Additionally, the almost frenzied pursuit of AI has seen what interest there has…

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Global: Recent bank problems have not derailed our outlook

Global: Recent bank problems have not derailed our outlook

LONDON (Capital Markets in Africa): Over recent months the world economy has continued to prove more resilient than expected to the raft of shocks that it has faced over the past year or so. After a slightly better-than-initially-expected end to last year, clearer signs have emerged that Q1 should prove a pretty solid quarter for the world economy. China has rebounded more sharply than we expected a couple of months ago following the ending of…

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Cybersecurity budgets: The delicate balance of spending money to save money

Cybersecurity budgets: The delicate balance of spending money to save money

JOHANNESBURG (Capital Markets in Africa) – Allocating sufficient budget to cyber threats can be a complex issue that requires the cooperation and coordination of all executives within an organisation. When a company’s financial and reputational welfare is at stake, it pays to effectively calculate the priority such risks should be awarded during budgeting, says Ryan Mer CEO at eftsure Africa, a Know Your Payee™ (KYP) platform provider. For CFOs, it’s not a question of whether…

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China: Risk of macro fallout will see policy err on side of caution

China: Risk of macro fallout will see policy err on side of caution

LAGOS (Capital Markets in Africa): Our house view is that recent bank failures are largely contained and in and of themselves do not represent a systemic threat. But market repricing and a shifting economic environment in the US/EU, alongside the PBOC’s surprise RRR cut, have led some to (once again) question China’s recovery and any associated contagion risk from tighter US and global financial conditions. This is so despite the recent contrast between US and…

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