Western Multinationals Fleeing Nigeria Are Being Replaced by Asian and Turkish Firms
June 18th, 2024
Via Bloomberg, a look at how western multinationals fleeing Nigeria are being replaced by Asian and Turkish firms: Naira’s depreciation, currency swings deter multinationals Nigerian firms have also made significant investments As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling […]
Read more »Egypt, Ethiopia, Nigeria, Rwanda … Agreements with Russia’s Rosatom Nuclear Energy Agency on the Rise
June 7th, 2024
Via The Africa Report, a report on how – from coast to coast – agreements between African countries and Russia’s Rosatom nuclear energy arm continue to flourish, but actual progress on the ground is a different story: “We need, if it is possible, to build a nuclear power station to produce electricity.” At the Russia-Africa […]
Read more »Nigeria Targets Lithium and Gold As Oil Wealth Dwindles
June 3rd, 2024
Via The Africa Report, a report on how – as policy inconsistency and insecurity in the Niger Delta has forced oil majors to sell onshore assets – Nigeria is seeking investments in lithium and gold to wean itself off oil receipts, according to Dele Alake, the minister for solid minerals development: Dele Alake, who was […]
Read more »Could Supply Chain Security Take U.S. Firms to Africa?
May 20th, 2024
Via Heritage Foundation, commentary on how the need to develop supply chain security is attracting U.S. firms to Africa: KEY TAKEAWAYS Beginning in August, China will levy export controls on two critical minerals: gallium and geranium. These metals are essential to semiconductor technology. Today, Nigeria, Ghana, and South Africa are reliable investment destinations, plus Morocco […]
Read more »Taking the Lagos Train
May 15th, 2024
Via Africa as a Country, commentary on the impact that Lagos’ new mass rapid transit has upon social stratification: The arrival of mass rapid transit in the city offers a new metaphor for Nigeria’s social stratification. For a moment, Pride & Prejudice finally had some sound. For Nigerians familiar with the movie, and who have also taken […]
Read more »China’s Fintech Footprint in Africa
May 13th, 2024
Via The Wire, a look at China’s fintech footprint in Africa: Instead of visiting a bank, Nigerians who need to move money are now just as likely to visit a street market and speak to an agent working for OPay, a Chinese-backed fintech company. These agents form part of a vast network that has propelled […]
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.