Rapid Digitisation Happening across Africa Makes Now the Ideal Time to Explore Investing
Untapped Global has raised a US$10.3 million debt and equity pre-seed round to help it scale its smart asset financing model, which finances revenue-generating assets for entrepreneurs and SMEs in Africa and Latin America. Based in San Francisco, Africa, and Europe with an all-female investment leadership team, Untapped Global aims to empower the next billion […]
Yaounde’s Plan to Incentivize Going Green
Cameroon is looking to solar power, introducing significant tax cuts to attract funding for projects that could grow and stabilise the country’s energy grid while lowering carbon emissions. Among the incentives, which went into effect late last year, are a 10-year elimination of several taxes, including stamp duty, on equipment used to build renewable energy […]
Accra Battles with Rising Inflation
Ghana needs to reduce taxes on some imports and take long-term supply-side measures as interest rates alone are no longer capable of controlling inflation, James Dzansi, an economist at the International Growth Centre in Accra, tells The Africa Report. Ghana this week raised its policy rate by 200 basis points to 19% in a bid […]
Can Deloitte’s New CEO Change the Firm’s Image?
Deloitte LLP appointed its first female Black chief executive officer to lead its African unit. Ruwayda Redfearn will succeed Lwazi Bam on June 1, when he will exit after a nine-year stint as CEO and 28 years with the accounting firm. Ms Redfearn, 47, started her career at Deloitte as a trainee in 1997 and […]
EU Trade Gaps and their Implications for East Africa
Eight nations make up the East African Community (EAC)—Kenya, Tanzania, Uganda, Rwanda, Burundi, Democratic Republic of Congo, Ethiopia, and South Sudan. To the EU they mainly export coffee, cut flowers, tea, tobacco, fish, and vegetables. From the EU they import machinery and mechanical appliances, equipment and parts, vehicles, and pharmaceutical products. During a scoping report […]
Vying to Become Africa’s Own Airbnb
Since Airbnb launched in 2008, it has taken the travel industry by storm. More than a decade later, the company has 6 million active listings worldwide in more than 200 countries. But one region it’s yet to crack is Africa. Cameroonian startup founder Nghombombong Minuifuong puts this down not to a lack of demand or […]
ESG Case Study: South Africa’s SA Taxi Attracts New Set of Investors
One of the largest developments in global capital markets over the last several years has been the rapid rise in institutional investors’ appetite for ESG (environmental, social & governance) investments. According to the Bloomberg Sustainable Finance Market Outlook, in 2021, more than $1.6trn in sustainable debt instruments were issued, setting a new record and bringing […]
Unlocking Digital Innovation for Net Zero
The transition to net -zero has to start with big business and it has to start now. These are the views from the ‘Unlocking digital innovations for net-zero’ panel at the annual World Economic Forum, held in Davos, Switzerland. Composed of chief executives from the telecommunications, petroleum and data management sector, speakers such as Shell’s […]
Climate Transition in Emerging Economies
It’s no secret that a heavy reliance on commodities to build Africa’s economies has increased the continent’s carbon footprint. Although far less damage is caused by Africa than developed economies, the effects on health and the environment are felt worse here.The question asked in the Climate transition for emerging economies’ panel at the World Economic […]
ESG and Climate Issues: How can Africa Best Tackle These?
This year Africa Day, which was celebrated on May 25, coincided with the annual meeting of the World Economic Forum in Davos, Switzerland. At this event, African leaders and other world leaders gathered to discuss issues of importance to the continent and the rest of the world. One of the critical matters that Africa must […]
