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African Markets: Time for Africans to grow their own food.

BY Soko Directory Team · May 9, 2018 01:05 pm

AfDB’s Akinwumi Adesina: The fresh face of investment in Africa. The man behind it is on a mission with his two passions – encouraging the world to invest in Africa and getting his fellow Africans to grow food.

We need to realize that we cannot talk about Africa rising if we can’t even feed our people. If we can’t even convince our people to invest in our local regions. We can’t talk of Africa rising if we cannot seduce foreign investors to see the beauty of being part of us.

A healthy people are a people who can focus on development and investment.

Foreign Currencies keep dazzling local ones:

The Pound has been heavily under-priced heading into BoE; EM currencies hoping for a reprieve from a stronger dollar.

The emerging market currencies have been guilty of playing catch up with the US Dollar’s strength and in light of Trump’s announcement on Iran, the future is clearly unpredictable on how the foreign currencies will perform against the local ones.

Debt and the Risk of Bankruptcy for Countries:

Sub-Saharan African nations are at growing risk of debt distress, warns IMF. But in reality, this is an oxymoron behavior from the IMF. They have been busy encouraging African nations, especially Kenya to keep borrowing as they massage the reality of risk and distress that the country would go through.

For them to give a warning right now is not only repugnant to the sense of economics but a betrayal of their lack of understanding of how African markets are working. However, the warning is welcome, albeit late. The sober assessment comes as African countries continue to tap international debt markets.

The ‘Davos’ of Africa:

The ‘Davos’ of Africa, has just launched, this is what you need to know. The first ever Africa Investment Forum will sit down in Johannesburg to work out how to channel a large chunk of an estimated $111 trillion that will be sitting in the world’s investment funds, by 2020, at low-interest rates.

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Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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