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Browsing: Africa investments
Yield-chasing investors have poured money into Africa, but an emerging, recent challenge for the continent is that in a now higher interest rate environment, investors don’t need to come to Africa to find higher returns.
Even US treasuries are now yielding far more attractive yields than just a month ago: three-month government bonds offer 5.32 per cent, while 2-year bonds offer a yield above five per cent. Yields have risen in part in response to Fitch’s recent downgrade of the US from AAA to AA+, echoing S&P’s move in 2011.
African bond issuers, spooked by the high-interest rate environment and refusing to issue bonds above the psychological barrier of double-digit yields for Sub-Saharan African bonds, continue to wait it out on the sidelines.…
Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” said Akinwumi Adesina, the President of the African Development Bank during the 2020 African Economic Outlook.
According to the 2020 African Economic Outlook, Africa’s economies are growing well, higher than the global average. The report anticipated a steady rise in growth in Africa from 3.4% in 2019 to 3.9% in 2020 and 4.1% in 2021.
According to the report, these figures do not give all the details. Because across the continent, the poor are not seeing the benefits of strong growth. Comparatively, few African countries posted substantial declines in extreme poverty and inequality, which remain higher compared to other regions in the world.
The report also revealed only 18 of 48 African countries with data, had inclusive growth.
Also Read: African Development Bank approves $22m to Egypt
“Growth must …
The UK-Africa Investment Summit held on Monday saw attendance from dignitaries and delegates from 16 African countries, including President El Sisi of Egypt and Boris Johnson British Prime Minister.
During his opening speech, Prime Minister Johnson said “Look around the world today and you will swiftly see that the UK is not only the obvious partner of choice, we’re also very much the partner of today, of tomorrow and decades to come,”
He referred to Africa as a booming continent with “staggering levels of growth”
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This was the first UK-Africa Investment Summit hosted by the UK Government. It was attended by the foreign secretary, Dominic Raab, the international development secretary, Alok Sharma and Prince Harry.
A plenary panel discussion on ‘Sustainable Finance and Infrastructure – Unlocking the City of London and UK financial services for growth in Africa’ was discussed by …
There has never been a better time to invest in Africa, says South African President Cyril Ramaphosa.
He said the continent’s governments are committed to creating the necessary enabling environment for business to flourish. Calling on the investor community to “harness the climate of reform” sweeping the continent and “take advantage of its momentum,” he said: “there has never been a better time to invest in Africa”.
Ramaphosa was speaking at the Financial Times Africa Summit in London, where other speakers included former Liberian president Ellen Johnson Sirleaf.
The launch of the African Continental Free Trade Area will “bring together into a single market 54 nations of some 1.2 billion people and a combined GDP of over $3 trillion,” Ramaphosa said.
He compared its significance for Africa to the 1992 Maastricht Treaty which created “a new era of European cooperation and integration”. This follows the enabling African Continental Free Trade …
Bottom and top hospitality investment markets in Africa as shared by Wayne Troughton of HTI Consulting.
According to Troughton, the hospitality sector continues to attract investments from both international and African investors.
“We are tracking investment from structured funds, predominantly from Europe and the Middle East; an increasing percentage of High Net Worth Individuals from Europe, Middle East, and Africa itself), Owner-operators that invest from Europe, Africa and the USA), as well as Family Offices Middle East, the UK, Europe, and SA.”
In East Africa the top hospitality investments markets are Kampala, Addis Ababa and Dar es Salaam with Nairobi and Kigali ranked at the bottom. Nairobi ranked at the bottom for oversupply while Kigali due to oversupply and limited demand.
Kampala
Troughton said Kampala is one of the next hubs for investments due to its limited branded supply and with the oil prices entering a recovery period; it …