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...“Anglo American is a local mining story that goes back more than 100 years in South Africa,” said Zwelakhe Mnguni, chief investment officer of Johannesburg-based Benguela Global Fund Managers....
...“Anglo will need to create a compelling alternative if they’re going to defend this,” they said....
...TLcom is pushing to broaden its portfolio companies to southern Africa and Egypt as it seeks to cement its presence in the continent’s four largest markets to attract investment....
...Craig Sheridan, director of the Centre in Water Research and Development at the University of Witwatersrand, said only about 30km of its pipelines were being upgraded each year, rather than the 200km required...
...Future Africa....
...But the biggest short-term impact has come from a $35bn deal with the United Arab Emirates to buy development rights of prime land on Egypt’s Mediterranean coast in the Ras al-Hekma area....
...purchased with donated funds....
...A landmark climate finance framework endorsed by world leaders as a way to fund the green transition in poorer countries is struggling to raise capital, a report has said, resulting in polluting coal plants...
...Along with other wealthy entrepreneurs, his personal foundation invests in the social enterprise he created, called Motherfood International, to help women in the developing world make and sell nutritious...
...to Sri Lankan state-owned enterprise that are guaranteed by the government....
...Overseas development assistance budgets, which rich countries use to allocate cash for development banks and multilateral funds, hit a new high last year, but the rise in world conflicts, especially the...
...“We’re just getting hammered, and this is just another hammering,” said David Young, founder and chief executive at southern California-based Regents Park Funds, which is one of the nine ETF firms Fidelity...
...So what they told the FT is that they are looking to put their money in southern Africa and in Egypt, and also to continue investing in west Africa and in east Africa, bearing in mind that these markets...
...The powerful Public Investment Fund, which is leading the development push, and state-run energy giant Saudi Aramco were also not counted as government bodies, meaning they can follow their own procurement...
...If Africa’s future depends on their labour, then Africa is in trouble. No amount of access to finance is going to turn such “enterprises” into the building blocks of a modern economy....
...Policymakers must rush to put in place protections or we’re facing electoral chaos.”...
...South Africa’s government employee pension fund is Sasol’s biggest shareholder, with a stake of more than 13 per cent, followed by more than 8 per cent held by a state development body....
...“The discovery represents one of the most significant developments in the onshore southern Africa oil and gas industry for decades,” said Scott Macmillan, managing director of Invictus....
...A US-led naval mission is bombing them in response, while many ships are taking lengthy detours around Africa to avoid the threat....
...The world’s biggest mining project, a $20bn iron ore, rail and port development in a remote corner of west Africa, is expected to start this year after a 27-year wait beset by setbacks, scandals and several...
...VCT fund manager....
...There is a stark north-south divide across much of west Africa where people in southern regions are far more educated and prosperous than those in the hinterlands of the north....
...Last year, the firm committed to offering equity-sharing programmes to all employees in the takeover deals coming from its $19bn North American private equity fund and in all future funds in the region....
...Spare change: Development funds are dashing for cash for climate resilience and poverty reduction, as governments are distracted by wars and elections....
...That should enable it to broker up to $1bn in loans to small and medium sized enterprises in the next 18 months, and the same amount annually, according to Rohit Arora, co-founder and chief executive....
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