Finance | - Part 6

Stears Announced as Lead Sponsor of AFSIC – Investing in Africa 2023

Stears, one of the world’s leading providers of African data and insights, has been announced as the Lead Sponsor of AFSIC – Investing in Africa 2023. AFSIC 2023, Africa’s Investment Event, which will be held in London on the 9th and 10th October 2023, is the meeting place for focused networking, discussions and executing African investment deals. It has for the past ten years delivered year on year growth as well as success for African…

The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

Posted on by The Editorial Team

By James Agin – Executive – Corporate and Investment Banking Absa Bank Kenya The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. The financial services sector, with its financial power, extensive networks, and ability to drive systemic change, has…

The future of trade finance in sub-Saharan Africa amidst hard currency challenges

Posted on by The Editorial Team

PORT LOUIS (Capital Markets in Africa) – International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union Euro, Japanese Yen, Chinese Yuan, and UK Pound Sterling. Thus, these currencies clearly have a major impact on how trade is conducted across borders globally, including on the African continent. By the same token, it is important to note that a foreign currency shortage occurs when the demand for the currency…

USAID Commits $3 million to African Water Facility

Posted on by The Editorial Team

;AGOS (Capital Markets in Africa) – The United States Agency for International Development (USAID) (https://www.GlobalWaters.org/) has committed $3 million to the African Water Facility (AWF) (https://apo-opa.info/3JiWiOu). The funding will support the preparation of water and sanitation investment projects in Africa, through the provision of grants and technical assistance to African countries and regional economic communities. The African Water Facility, an initiative of the African Ministers Council on Water (AMCOW), is hosted by the African Development…

Nigeria: Fuel Subsidy Removal Short-term pain, long-term gain

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – President Tinubu has finally done the inevitable: ending the payment of fuel subsidies in Nigeria. Several administrations have tried unsuccessfully in the past to end the subsidy regime. This has been primarily due to strong opposition to reform and the lack of a political will to bite the bullet. Subsidy is the transfer of money from the government to an entity, leading to a decline in the price of…

Fighting payment fraud is a shared responsibility

Posted on by The Editorial Team

As payment fraud remains an area of concern for South African businesses, there is debate about what more can be done to tackle the problem and whose responsibility it is. There are layers of complexity that make what appears to be a deceptively easy question to answer much more nuanced. Businesses, banks, as well as individuals all have a role to play, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider….

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

Posted on by The Editorial Team

Nigeria is a major industrial hub. It is home to energy-intensive manufacturing businesses whose operations, and growth potential, are constrained by the weakness of the country’s electricity supply. To mitigate this, industrial companies have been building their own power generation capabilities, but the result has often been the reliance on expensive and polluting diesel generators. As such, the industrial sector represents one of the country’s largest sources of greenhouse gas emissions. In most places in…

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