Browsing: America

The reason there is so much interest in Latin America as an investment destination is that there is little value left in seed and early stage companies in North America, Europe and even India.

Over the coming years LatAm will also lose its appeal as valuations start to exceed value. There is therefore no doubt that the next geographical location in which this arbitrage will be practised is sub-Saharan Africa.…

According to a data released on Monday by the Central Bank of Egypt, Egypt’s current account deficit climbed to $7.6 billion in the first half (1H) of the current FY2020/2021 from July to December 2020 up from $4.6 in the same half of FY2019/2020.

This Increase in the current account deficit is associated to the decline in service balance surplus and the increase in the non-oil trade balance

ALSO READ: KENYA SEEKS $600M FROM CHINA TO PLUG BUDGET DEFICIT

According to CBE, due to the decline in the investment income balance Service balance surplus contracted by 69.9 percent in the 1H of FY2020/21 posted $1.9 billion, down from $6.3 billion in the 1H of FY2019/20.

The decline in Investment income had a larger effect on the Tourism sector with the CBE showing that tourism revenues dropped by 75.3 percent in the 1H of FY2020/21, reaching $1.8 billion.

In April 13 …

Nigeria’s oil production has fallen by 30 per cent in the last four years to 1.423 million barrels per day, mb/d in 2020 from 2.041 million barrels per day, mb/d in 2017.

This is according to a recent investigative study by the Organization of Petroleum Exporting Countries OPEC, which includes pipeline vandalism and oil theft in the Niger-Delta.

The figure excludes 2020 condensate production, according to the data obtained by Vanguard Energy from OPEC’s monthly market reports between 2017 and 2020.

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The nation’s output declined by 19.3 per cent to 1.648 mb/d in 2018 from 2.041 mb/d in 2017 Year-on-year, YoY.

The production level, however, rose by 6.6 per cent to 1.765 mb/d in 2019 from 2018 figure before declining again by 19 per cent to 1.423 mb/d in 2020.

THE IMPACT

The gradual drop in output is a …

The visit by US Secretary of State Mike Pompeo to three African countries of Senegal, Angola, and Ethiopia is significant for the Trump administration not only as of the first trip the senior official has made to the continent, but a first for a senior official since the launch of the new strategy for Africa. The last time a senior official to visit sub-Sahara Africa was Pompeo’s predecessor, Rex Tillerson who lost his job while on a trip to Kenya.

Trump’s Africa Strategy was aimed at promoting prosperity, security, and stability in relations, and the business-friendly Prosper Africa which aims to substantially increase two-way trade and investment between the United States and Africa.

The leading issue will mainly be on security and counter-terrorism efforts mainly in the Sahel as well as the horn of Africa. Though Somalia has remained a point of discussion in terms of security, there is a …