Your curated selection of weekly Africa business and investment headlines.
Welcome to Afrika Vantage, your insider's guide to investing and doing business on the African continent. Stay informed about the Lobito Corridor with our "Thoughts on the Corridor" section, and keep up with general business trends across Africa through "Afrika Vantage."
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Headlines
🎦 Dangote Urges Retailers to Stop Importing Fuel and Buy Locally
📸 Dangote’s New Refinery Bigger Than Any In Europe
📖 [DOWNLOAD] More Than a Third of the World’s Young People Will Live in Africa by 2050
📸 West Africans Long to Leave Africa the Most
Africa
📸 Trump Takes Mandela Under His Wing
In 1990, President-Elect Donald Trump helped Nelson Mandela, recently freed from prison, visit the U.S. to rally support against apartheid when few others would.
🔊 "The Mandela Welcoming Committee is very thankful to Donald Trump." …Read more
📰 Flutterwave is Africa’s Highest Valued Startup
Flutterwave dominates Africa’s fintech scene, processing $16 billion in payments annually, with Nigeria as its largest market, contributing nearly 40% of transactions. Operating in over 30 African countries and serving 500,000 businesses, it ranks among the continent’s top payment providers.… Read More
📰 Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund
Ashish Thakkar and other African investors (i.e., DFIs) plan to begin deploying the funds in fewer than six months into high-growth startups. Thakkar co-founded Africa banking venture Atlas Mara Ltd. with ex-Barclays Plc Chief Executive Officer Bob Diamond… Read More
🎦 Dangote Urges Retailers to Stop Importing Fuel and Buy Locally
Dangote’s refinery has half a billion liters ready for pickup at his Lekki refinery.
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📰 Zambia Stake-Boosting Mining Plan Won’t Touch Existing Projects
Future mines in Zambia will be required to hand over 30% of their equity to the government of Zambia at no cost. Insiders predict the arrangement will deter most mining investments in the future, but the good news is operating mines are exempt. First Quantum and Barricks accounted for two-thirds of Zambia’s copper production last year… Read More
📸 Dangote’s New Refinery Bigger Than Any In Europe
📰 Brooking’s Take on Why Biden’s Visit to Angola Matters
Somewhat strangely, the outgoing President Biden is visiting Angola in December, right before President-Elect Trump takes office. Brookings employs some impressive verbal gymnastics to justify the trip… Read More
📖 [DOWNLOAD] More Than a Third of the World’s Young People Will Live in Africa by 2050
The IMG Sub-Saharan Africa Analytical Note highlights the need to improve unemployment. “The clock is ticking” according to the report:
📸 West Africans Long to Leave Africa the Most
📰 Ghana’s SWF Under Pressure to Refine Lithium Locally
“…the real issue is how the government can continue to insist with a straight face that local refining is still on the cards when all the lithium is being sold forward in the form of concentrate because its strategic partner is financially constrained.”… Read More
📰 Angola Caught in Tug-of-War Between China, US
Angola is critical to Chinese ambitions in Africa and is projected to be the base for China’s second military base on the Continent, the first in Djibouti. But, "[t]he Americans don't want to give up the region's valuable to the Chinese. But the question is if they can even match the Chinese, who have invested in the region for decades and have a massive advantage," remarked Claudio Silva, a political analyst on Angola… Read More
