Via The Economist, an article on how African startups are raising unprecedented amounts of capital: When Maurizio Caio, a fund manager with about 20 years of experience in tech, began raising money in 2015 for an African startup fund, investors were hesitant. “They said to pick either Africa or venture capital (vc),” says Mr Caio, who […]
Read more »Via Foreign Policy, a report on Ghana’s economic development: At first glance, an item of business news that crossed my transom one morning this week seemed like a clear economic win from Africa: Ghana, which enjoys a reputation as one of the continent’s most successful nations, had signed a $3.2 billion contract with an international consortium to […]
Read more »Via The Diplomat, a look at Pakistan’s economic crisis: Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In […]
Read more »Via The Economist, a look at how a new web of railways could transform the Middle East and Africa: Not since the Hijaz railway between Damascus and the holy city of Medina was ruptured by the British buccaneer-cum-scholar T.E. Lawrence in the first world war has overland travel out of Saudi Arabia’s hinterland seemed so […]
Read more »Via Rest of World, an article on the allure of Africa’s digital markets: Fears of a global economic downturn are well-founded. Russia’s invasion of Ukraine has pushed energy prices to record highs and disrupted global access to food. This follows the pandemic, which delivered a shock to supply chains, creating challenges for businesses and consumers. With inflation […]
Read more »Via Eurasianet, an article on how Kyrgyzstan’s main hydropower reservoir is being depleted rather than filled for the winter ahead: Kyrgyzstan’s state power supplier has warned of possible energy shortages as consumers set a new daily record for power consumption in summer. Central Asia is being gripped by the same heatwave blanketing much of the northern […]
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