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Businesses are expanding across borders, new trade corridors are emerging, and regional ambition remains strong, but liquidity, payments and execution challenges continue to shape…
East Africa’s Kenya and Tanzania are among the strongest value…
In July, Kenya’s markets regulator licensed Shariah-compliant REITs, ESG-aligned advisors,…
Jubilee Holdings Limited has reported a half-year profit before tax of KES 4.1 billion ($34.1…
Interestingly, of the US$1.5 trillion in foreign direct investment recorded in 2021, 53% of that money was channelled towards developing economies. Africa made a very strong showing in terms of foreign direct investment in 2021.
According to the report, Africa attracted US$ 83 billion in foreign direct investment compared to the US$ 39 billion it achieved in 2020. Of the global investment flows that landed on African shores in 2021 US$ 41 billion went directly to South Africa.
Despite the positive developments that occurred in 2021 in foreign direct investment, the UNCTAD report concludes by stating that the growth and momentum in FDI flows in 2021 will not be sustainable given the adverse economic developments that have occurred in 2022.
UNCTAD expects these developments will either put downward pressure on the flow of FDI or flatten the curve.
Africa received its highest proportion of private sector investment in infrastructure in 2020 African Development…
National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance…
South Africa is the second richest country in Africa. It’s predicted that the country’s Gross…
Ntsele and his partners began to diversify the interests of their company.
The highlight of this strategy to diversify their interests was trip Ntsele made to the United States to obtain a license to distribute Nike not only in South Africa but also in southern Africa in the early 1990s. Ntsele got the money to grow his Nike operation in southern Africa from Citibank!
The largest transaction that Ndaba Ntsele was involved in which put Pamodzi Investment Holdings on the map must be the leveraged buy-out of Food Corp. When he could not come up with the money needed to buy the company from the local banks in South Africa he went overseas to the Netherlands and got the bulk of the US$ 1.8 billion needed to acquire Food Corp! How about that for a black man with guts!
Ndabahle Ntsele and his Pamodzi Investment Holdings are certainly a class act worth emulating. However, despite his great success, Ntsele has experienced failures. Pamodzi Gold which was one of his mining ventures was liquidated. He had started it by approaching the mining majors who no longer thought it was profitable to mine from older mines.
