Features | - Part 5

Odinga Rejects Kenya Election Outcome, Plans Legal Challenge (2)

NAIROBI (Capital Markets in Africa) – Former Kenyan Prime Minister Raila Odinga, who narrowly lost last week’s presidential elections, rejected the official results, setting the stage for a protracted battle over control of East Africa’s biggest economy. Odinga, 77, secured 48.9% of the valid votes cast on Aug. 9 — his fifth unsuccessful run at the presidency. Deputy President William Ruto was declared the winner with 50.5% support. “We reject the presidential results,” Odinga told a televised…

Senegal faces key technology decisions in its search for the optimal gas-to-power strategy – Joonatan Huhdanmäki, Senior Analyst, Energy, Wärtsilä

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DAKAR (Capital Markets in Africa) – On the back of its recent and substantial oil and gas discoveries, Senegal is now preparing to ensure that its vast natural gas resources will help meet future electricity demand and put an end to the excessive electricity prices undermining its economy. Senegal’s domestic gas reserves will be mainly used to produce electricity. Authorities expect that domestic gas infrastructure projects will come online between 2025 and 2026, provided there is…

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

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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…

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

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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…

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

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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…

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

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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…

Africa’s Rich Set to Get Wealthier From Technology Boost

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LAGOS (Capital Markets in Africa) – Increased use of technology to improve the efficiency of mature African businesses is expected to boost the number of high net worth individuals, as the second generation of family owned businesses takes over management from founders. The first generation emerged following the oil boom and liberalization of economies, with most investing in heavy industries, trading and commercial farming, according to Faizal Bhana, the director for the Middle East, Africa…

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