Carlyle’s Gabon Asset Sale At Risk as Junta Decides to Take Over
January 5th, 2024
Courtesy of BNN Bloomberg, a report on Gabon’s plans to buy an oil company owned by The Carlyle Group: Gabon plans to buy an oil company owned by The Carlyle Group Inc. by taking advantage of its right to increase its stake as an existing shareholder of the firm that pumps crude from the central […]
Read more »Nigeria Unplugs From Dirty Generators in Sudden Solar Gamble
January 5th, 2024
Via Bloomberg, a look at how an abrupt decision in November to end fuel subsidies both jump-started a solar future and made electricity more expensive in Africa’s biggest city: Generators are everywhere in Lagos, used by almost everyone in the Nigerian megacity to counteract crippling power outages. Those living in upscale gated communities or working […]
Read more »Mining Bitcoin: Powering Africa Villages
January 5th, 2024
Via Unherd, a report on how cryptocurrency can be a liberating force in Africa by bringing electricity to those who need it: Bondo is a scattered cluster of villages in a remote region of Malawi near the border with Mozambique. It sits in the foothills of Mount Mulanje, where residents rely on their feet for […]
Read more »Russia’s Longterm Bet on Africa Includes Free Russian Classes
January 5th, 2024
Courtesy of Semafor, a look at Russia’s longterm economic, cultural, and diplomatic bet on Africa: Russia has recruited hundreds of young Africans to its Russian language and cultural programs across the continent over the past year as the spearhead of a wider push by the Kremlin to use education to deepen its ties with everyday […]
Read more »Nigeria Says Power Firms Short of $2.5 Billion of Capital
January 5th, 2024
Via Bloomberg, a report on the capital shortfalls hindering Nigeria’s power sector: Power firms need to woo new investors, Tinubu’s adviser says Energy subsidy to more than double this year without review Nigerian electricity companies are short of an estimated 2 trillion naira ($2.5 billion) in capital and need new investors to revive the industry […]
Read more »Philippines’ $2.3 Billion Sovereign Wealth Fund Is Going Back To Basics
January 5th, 2024
Via Forbes, a look at how the Philippines’ $2.3 billion Sovereign Wealth Fund is going back to basics, with plans to build economic pillars: Maharlika Investment Corp.—the Philippines’ newly created sovereign wealth fund—is going back to basics by investing in projects to help build the country’s economic pillars such as agriculture, energy, tourism and infrastructure. […]
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.