Ghana Risks Investor Revolt as it Scours for Taxes
February 10th, 2023
Via Bloomberg, a report on Ghana’s attempt to raise tax revenues from some of its biggest investors: Ghana’s attempt to bring in hundreds of millions of dollars from some of its biggest investors for alleged unpaid taxes may have backfired. With the country struggling to service about $47 billion of public debt and with a $3 billion rescue package from the […]
Read more »Debt-Ridden Ghana Plans To Buy Oil With Gold Instead Of Dollars
November 25th, 2022
Via Business Insider, an article on Ghana’s recent decision to buy oil with gold instead of dollars, as foreign currency reserves dwindle to an alarming low: Ghana’s government is planning to use gold to pay for oil instead of shelling out US dollars. The move is expected to reduce the “persistent depreciation” of the cedi, the […]
Read more »Powering Africa
November 12th, 2022
Courtesy of The Economist, a look at Africa’s power generation future: In a window seat in a helicopter flying south-west from Windhoek, Namibia’s capital, offers an otherworldly diorama. The landscape shifts from earthly desert to Mars-red dunes, then to moonscape as the chopper nears Luderitz. In the early 1900s this tiny port was the hub […]
Read more »Megalopolis: How Coastal West Africa Will Shape The Coming Century
October 27th, 2022
Courtesy of The Guardian, a look at how – by the end of the century – Africa will be home to 40% of the world’s population – and nowhere is this breakneck-pace development happening faster than this 600-mile stretch between Abidjan and Lagos: It has long been said that no one knows with any certainty […]
Read more »Ghana’s ‘Success’ Exposes the West’s Toxic Development Model
July 24th, 2022
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 »The Next Startup Investment Hotspots In West Africa
July 1st, 2022
Via Quartz Africa, a look at the next startup investment hotspots in west Africa: Startup tracker, Africa: The Big Deal’s figures show that since 2019, west African startups have hauled in $4.2 billion, representing 41% of the total funds logged in Africa in that period. “Startups in the region have attracted more funding than in northern […]
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.