Browsing: investment

Startup Investment in Africa

Despite the effects of Covid-19 Africa remains the ripe land of opportunities and as the conversation about Investing in Africa is shifting from one of deficits and gaps to one about Opportunities, Prospects, Trends, Innovation and creativity, in the Companies and industries who have paid close attention to how business in Africa operates.

Africa continues to be the newest destination for emerging market investors and according to Eric Osiakwan, the managing partner at Chanzo Capital, half of the world’s fastest-growing economies have been in Africa, with Ghana and Ethiopia among the countries which showed a real GDP growth of 8 percent in 2018.

In an interview with this reporter at the Social House hotel in Lavington area of Nairobi, Eric Osiakwan a renowned tech investor and entrepreneur says that Investors seek out emerging markets for the prospect of high returns, as they often experience faster economic growth as measured …

Stakeholders of agriculture on the continent have urged governments to work with the private sector to build resillient food systems to bridge the widening gap in production.

Speaking during the Alliance for a Green Revoluton in Africa (AGRA)  organized Africa Green Revolution Forum (AGRF) Summit last week, speakers reiterated that food security cannot be achieved without a gvernment facilitated enabling environemnt for agribusiness to thrive. 

The summit was held ahead AGRF ,  slated for September in Nairobi, where   leaders, while celebrating the milestones the agriculture sector has made over the years, called on enhanced collaboration in transforming the continent’s food systems  amid rising concerns over global food shortages owing to increasing population, shrinking land and climate change.

“As we look at innovative ways of producing food to feed our people, assist our farmers and bolsters agribusinesses, we must explore ways of working together to actualize this commitment. The partnership between

Brokerage Kenyan firm EFG Hermes Kenya has launched its online equity-trading platform, EFG Hermes One. 

According to the company, the platform will see the Firm offer retail investors seamless and convenient stock trading on the Nairobi Securities Exchange (NSE). 

The online trading platform was launched during an event co-hosted by EFG Hermes Kenya and the NSE in the presence of Muathi Kilonzo, Head of Equities at EFG Hermes Kenya and Geoffrey Odundo, the NSE Chief Executive Officer.

EFG Hermes Frontier Chief Executive Officer Ali Khalpey said with capital market trends demonstrating ever-increasing interest from retail investors across the world, the company aims to increase access and awareness to capital markets to foster better equity trading across sub-Saharan Africa. 

Our expansion into the retail space is part of our commitment to growing our services in the African continent,” he said. 

We hope to replicate the success we have

Barely a month after the tragic and unexpected death of Tanzania’s outspoken and visionary leader Dr. John Magufuli, the country has gone ahead and inked an oil pact with neighbouring Uganda.

The move puts a lid on speculations of how the country’s first woman President Mama Samia Suluhu Hassan will handle duties of the top office. The new president, who was former vice president under the Magufuli regime, sat with her Ugandan counterpart Yoweri Museveni and together shook hands for French Total E&P and China's CNOOC and signed key agreements for the East African Crude Oil Pipeline (EACOP).…

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It is no brainer that many foreign countries have been eyeing Africa for trade and investments purposes. Africa is known of its rich mineral land and unexploited resources that mother countries have lacked required capital and technical skills to do it themselves from oil, diamonds, gold not to mention all the agricultural products such as coffee, tea, cocoa etc.

United States of America, one among the biggest ranked economies in the world has had interests in doing business in Africa since time immemorial, at the time when Vice President Richard Nixon after winding his trip in Africa recommended to then  President Dwight Eisenhower of the greater potential of drawing attention in Investing in Africa and so has been that not with U.S.A but the likes of China, United Kingdom, and other countries such as Japan as had their good sharable investment steps in doing business in the continent.

The Obama …


Contribution of game meat to total world meat production and consumption is apparently very small, according to reports the world Food and Agriculture Organization (FAO).

In an article titled ‘The new international market for game meat’ FAO cites that records of game meat trade and consumption are even less documented in the international meat trade platforms. “Accurate statistical information is grossly lacking. In many countries even statistical data on conventional meats produced by agriculture leave much to be desired, so the situation can only be worse in the field of game meat,” reads the report in part.

With only developed countries like the United States and some countries in central and northern Europe being recognized for keeping track of game meat, Tanzania has taken an unprecedented step in legalizing the trade of game meat, and keeping of accurate data of the trade.

The development comes under President John Magufuli’s …

Africa’s financial potential has become an interesting prospect for emerging market investors. Three decades ago a proposal to invest in Africa would have been considered ridiculous, but this is no longer the case. In fact, between 2006 and 2011, the continent was registering the highest returns on FDI at 11.4 percent, even higher than Asia at 9.1 percent, while the global average was 7.1 percent. To add to that according to the World Economic Forum, since 2000 "half of the world's fastest-growing economies have been in Africa. As western markets mature and foreign investments saturate in Asia, Latin America, Central and Eastern Europe, and India, Africa is fast becoming the most lucrative investment destination. The inefficient African markets are an excellent source of excess returns, given the level of perceived risks. …

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Covid Vaccine- Freepik

Debt service is putting tremendous pressure on East African governments because of limited foreign exchange earnings; therefore the Covid-19 vaccination program for East Africa will give investors confidence in most sectors especially agriculture and tourism which are major foreign exchange earners for the region.

The foreign exchange gains will lead to a positive trickle-down effect to the different businesses and general population.…

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Many of our clients and most of our fund partners are based in Europe – we help our African investors to access opportunities outside Africa and so to diversify their investment portfolios. Europe and America have definitely been harder hit by Covid-19 than Africa and whilst the investments that we promote have fared well in the financial storm, the last 12 months have therefore been challenging in terms of contact-ability and administration.

The UK, for example, has just entered its third lockdown; ninety percent of the financial community is working from home, and the banks are only open for three hours a day!  During this period of endless, temporary, irritating, enjoyable, frustrating, life-affirming incarceration I have often had far too much time on my hands which is both brilliant and horrible! It does mean that I have been able to do a lot of thinking.  …

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Tanzania became the first East African nation to reopen its schools, businesses and ports of entry, charting a new path in the management of the Corona Virus.

As of May 18, Tanzania reopened its airspace for international arrivals and the World is responding.

Only three days after it announced its reopening its airspace, local media reported that a chartered airplane landed at the Kilimanjaro International Airport on May 21. The plane had on board four Greek nationals.

Previously, the tourists would have had to go into a 14-day mandatory quarantine but not anymore. Now anyone entering the country only needs to go through a simple temperature check upon arrival. Other measures include having all arriving flights present an Advance Passenger Information System (APIS) so as to allow the Tanzania’s Immigration Department and Airport Authorities to identify high-risk passengers.

All non-APIS compliant flights will now be required to notify their passengers …