Ethiopia to Raise $255 Million in African Nation’s Maiden IPO
October 20th, 2024
Via Bloomberg, an article on Ethiopia’s plans for the nation’s first IPO: Ethiopia is seeking to raise 30 billion birr ($255 million) selling shares in a state-run wireless company, making it the nation’s first initial public offering, and paving the way to start a stock exchange. Ethiopia Investment Holdings, which controls 27 state-run companies, will […]
Read more »Power Outage Plunges All of Cuba Into Darkness
October 20th, 2024
Courtesy of the New York Times, a report on Cuba’s power shortage: Cuba’s power grid failed and the entire nation plunged into darkness Friday, less than a day after the government stressed the need to paralyze the economy to save electricity in the face of major gasoline shortages and large-scale, regular outages. The electricity went […]
Read more »Laos Durian Dreams Grow As Plantations Rise To Feed China
October 20th, 2024
Via Nikkei Asia, a report on how a new Chinese funded high-speed railways is fueling investment in the ‘king of fruits’ amid worries over forest loss: Chinese businessman Tao Jian spends an entire day navigating muddy roads on the Bolaven Plateau in southern Laos, inspecting his budding durian empire of 50,000 trees. The area is nicknamed […]
Read more »Senegal Unveils 25-Year Development Plan Aiming For Economic Sovereignty
October 17th, 2024
Via RFI, a report on Senegal’s 25-year development plan, which pledges to build the foundation for economic sovereignty by focusing on competitiveness, sustainable resource management, and good governance: Titled “Senegal 2050”, the plan’s objective is to increase per capita income by 50 percent in five years and to extend life expectancy by three years, while reducing […]
Read more »Why Are African States Joining BRICS?
October 17th, 2024
Via Modern Diplomacy, an article on the trend of African States shrugging off relations with the Western and European world, alternatively settling for better beneficial economic cooperation: Geopolitical changes and the reconfiguration of economic architecture towards the Global South, under the rapidly-growing influence of BRICS+ (Brazil, Russia, India, China and South Africa) on the global […]
Read more »Nigeria’s Lithium Ambition Gets An Unexpected Boost
October 17th, 2024
Via Semafor, a report on Nigeria’s lithium sector: Nigeria’s ambition to build a value-added supply chain for critical minerals including lithium is getting a significant boost from an unlikely source: an e-marketplace startup. Sabi, the Lagos-headquartered business-to-business e-commerce company focused on the informal economy, has been quietly building expertise as a middle man for miners […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.