Revego Africa Energy Fund, an investment fund focused on renewable energy projects in South Africa, plans to list on the Johannesburg Stock Exchange by April 2021. The plan will enable the company to raise R1.5 billion ($101 million) and will serve as a test case for the sustainable energy sector. The energy crisis that the country experienced with Eskom, the state-owned power generation and...

PANGEA-RISK https://www.pangea-risk.com/ published a special report on GHANA: EAST MEETS WEST FOR CLEANER AND MORE RELIABLE GAS SUPPLY, which examines gas’s position in the country’s energy mix. While Ghana has the ability to produce decent amounts of natural gas, the infrastructure for supplying gas produced in Ghana’s offshore blocks in the west to the industrial east is not fit for...

Last year, JSE-listed mining company Anglo American Platinum reported an increase of 38.4% in sales. They rose from R99.5 billion ($6.7 billion) in 2019 to R137.8 billion as of December 31, 2020, their best increase since 2018, even though the company's production fell. This performance was supported by a rise in the price of platinum, its main production. After declining to its 5-year lowest...

Last year, Morocco cashed out MAD42.4 billion ($4.7 billion), less than the amount recorded a year before in tourism revenues. This makes a decline by 53.8% YoY, according to a report issued on Feb. 22 by the Department of Economic Studies and Financial Forecast (DEPF). In 2019, Morocco’s tourism revenues grew by 7.8% and an upward trend was also expected for 2020 but the Coronavirus pandemic...

Axian through its subsidiary TOGOCOM signs a strategic partnership with the Industrial Platform of Adetikope in line with its commitment to the development of the e-industry on the continent. TOGOCOM was born in 2017 from the merger of the national fixed-line incumbent operator and the mobile network operator, Togo Telecom and Togocel respectively. The ambition of the Axian Group is to make...

The Emerging Africa Infrastructure Fund (EAIF), managed by asset manager Ninety One, has committed to purchase $50 million of bonds issued on Feb. 22 by Liquid Telecommunications Financing as part of a bond and term loan valued at $820 million. “EAIF has supported the growth of Africa’s digital and telecommunications sector since 2003. We have given support to projects including...

Hlayisani Capital, a manager of private equity and venture capital funds targeting high-growth opportunities in South Africa and the rest of sub-Saharan Africa, announces the first closing at 350 million rand ($24 million) of its first Hlayisani Growth Fund vehicle. The fund focuses on companies with the potential to generate sustainable returns and socio-economic impact. The priority sectors...

The unemployment rate in South Africa rose from 30.8% in Q3 2020 to 32.5% the following quarter, making an increase of 10.7% over the period. In its quarterly labor force survey released yesterday, the department of statistics (Stats SA) found that the number of jobless people rose from 6.5 million in Q3 2020 to 7.2 million by the end of the fourth quarter. A situation exacerbated by...

Sitarail, the operator of the railway between Côte d’Ivoire and Burkina Faso, has since 2019 rolled out a large-scale programme of investments to modernise its maintenance workshops in order to improve the quality of rail traffic. In 2019-2020, the company invested over two billion CFA francs in the acquisition of modern equipment for its locomotive and wagon maintenance workshops in Abidjan...

US lawmakers will review the federal rescue package of $1.9 trillion proposed by the new US president Joe Biden (pictured) this week. The project received support from senators and congressmen and there is no doubt that it will be validated and implemented. Investors from different financial markets are already positioning themselves, and this will surely have consequences for...