Another study by PureProfile, an advertising agency company, surveyed investors responsible for around US$700 billion assets under management. The results showed that twenty-five per cent of investor managers expect Africa’s internet industry to increase by 51 per cent in the next three years.

Over 71 per cent of professional investors expect the affordability of mobile phones in Africa to improve by 2025. Currently, the mobile phone economy accounts for an average of 6.8 per cent of monthly incomes. Ninety-seven per cent of all professional investors believe that the Coronavirus pandemic has accelerated the demand for mobile phones.

World Mobile is compounding its unique hybrid mobile network supported by low altitude platform balloons in Zanzibar, which it plans to roll out throughout the continent. The company is already in discussions with government officials in Tanzania, Kenya, and other territories underserviced by traditional mobile operators.…

As a gigantic energy superpower, Russia’s foreign direct investment (FDI) accounts for less than 1 per cent of Africa’s total FDI.

However, African Business argued that, with Russia being a small trading partner to Africa compared to the United States and China, the impact on trade would be marginal—yet few Africa developing economies such as Uganda will be more exposed.

Further, United Nations Conference on Trade and Development (UNCTAD) data show that Russia accounts for 2 to 3 per cent of Africa’s trade with the world—most of it is exports.

“Russia also accounts for 2 per cent of the world’s exports to Africa, and only 0.5 per cent imports from the continent” African Business.…

In 2015, the PLOS Pathogen journey noted that a fungus dubbed Tropical Race 4 had already decimated the crop in Southeast Asia over a number of decades.

According to the independent, the disease was first discovered in Australia, Jordan, Mozambique, Pakistan, the Middle East and Africa in 2013. It is so severe that it had destroyed whole plantations.

Fears were that it was just a matter of time before it landed in Latin America. At the time, in 2015, researchers warned that developing new banana cultivars was an arduously expensive affair that would probably not curtail the spread of the disease in time.

Years later, the banana crop remains resilient in most parts of Africa with the International Institute of Tropical Agriculture (IITA) saying that banana and plantain are important staple foods in many developing countries, especially in Africa.…

“Both Angola and Mozambique have a very limited level of trade with Russia and Ukraine; Angola imports wheat and yeast from Russia, while Mozambique imports a significant amount of wheat and a small amount of refined oil from Russia,” Oxford Economics Africa analyst who follows these two African economies told Mozambique News Agency.

“It appears that, at least for now, Angola is generally benefiting from higher oil and gas prices, which are partially driven by the conflict,” Gerrit van Rooyen said in remarks from Paarl, South Africa. Higher oil prices are positive for government revenues,” the analyst added. If the rise is sustained, “this could increase investment in Angola and lower debt levels faster than previously anticipated.”

“If gas prices remain high due to the conflict, this will be positive for investments in Mozambique’s liquefied natural gas [LNG],” his analysis continues, since “the profits from the natural gas in the …

• Majority of private equity investment in Sub-Saharan Africa is from outside the continent and represents only a fraction of the capital required
• African startups surpassed the US$ 1 billion mark in capital raised over the first seven weeks of 2022
• The bulk of the funding (76%) and of the deals (78%) have been claimed by startups headquartered in one of the ‘Big Four’ (Nigeria, South Africa, Kenya, and Egypt)

Africa continues to show strong growth prospects, with an expectation of a significant rebound from the Covid-19 pandemic that has spanned over two years, which has also affected African growth less than in developed markets. 

International investment plans and programmes to promote investment in Africa support growth potential given the correlation between Foreign Direct Investment (FDI) and Gross Domestic Product (GDP).

Currently, the majority of private equity investment in Sub-Saharan Africa is from outside the continent and represents only a fraction …

• More than 677,000 have fled Ukraine to Poland, Romania and other countries
• African students in Ukraine are facing racial discrimination at the border, reports say
• Around 20 per cent of student studying in Ukraine are African citizens
• Russia invaded Ukraine on 24 February

Ukraine—as occupied with the war against Russian invasion, the European nation has been an investment partner to Africa for a while. Sadly, that relationship could be at risk as the ongoing crisis unearths troubling events detrimental to both sides, as Africans in Ukraine face hell.

The first in Europe in proven recoverable reserves of uranium ores, Ukraine is not new to African business landscapes nor productive interaction with Africa and its citizens through trade and education.

Unfortunately, the European nation broiled into war holds around 20 per cent of African citizens as international students.

Read: Corporate Apartheid Real in South Africa?

Most of the students from Africa …