Africa’s Largest Early-Stage VC Fund Raises $154 Million to Expand Into Egypt
April 22nd, 2024
Via Bloomberg, a report on Africa’s largest early-stage VC fund’s new raise to expand into Egypt: Investors include Allianz, European Investment Bank, Visa TLcom to use fund for Egypt expansion, invest in more startups Africa’s largest early-stage venture capital fund exceeded targets as it raised $154 million from investors including the European Investment Bank, Allianz SE and the Visa […]
Read more »Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
April 21st, 2024
Courtesy of Bloomberg, a look at Saudi Arabia’s efforts to activate the tourism industry: Mei Wang marveled at the sandstone vistas, lush palm trees, ancient tombs and five-star resorts. These images beckoned to the 30-year-old entrepreneur as she watched Divas Hit the Road, a Chinese travel show. So she set out with her mother, flying […]
Read more »Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal
April 21st, 2024
Courtesy of Bloomberg, a report that Saudi Arabia is moving closer to a large scale mining investment in Pakistan: Manara Minerals said planning to invest in Reko Diq project Saudi Crown Prince and Pakistan Prime Minister met this month Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a […]
Read more »OPEC Eyes Namibia For Possible Membership As Oil Production Looms
April 21st, 2024
Via Africa Business Insider, an article on how the OPEC+ oil producers coalition, having seen departures like Angola in recent times, is considering Namibia for potential membership: The OPEC+ oil producers coalition, having seen departures like Angola in recent times, is considering Namibia for potential membership. TotalEnergies and Shell have found around 2.6 billion barrels of oil, […]
Read more »For Multinationals, Africa’s Allure Is Fading
April 21st, 2024
Courtesy of Bloomberg, a report that – after decades of optimism about the region – global giants such as Bayer, Nestlé and Unilever are cutting back: Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing […]
Read more »Saudi Arabia Looking To Launch New Airline With Africa Focus
April 21st, 2024
Via Zawya, a report that Saudi Arabia is looking to launch a new airline with an Africa focus: Saudi Arabia is reportedly looking to launch a new airline, which will focus on serving the African market. The airline will launch in Riyadh, with the aim of supporting tourism and investment in the kingdom and the […]
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.