Mining & Energy

African Critical Minerals Investor Brief Launched at COP27 by Africa investor (Ai) and Tahuti Global

Africa investor (Ai), in collaboration with Tahuti Global, launched an investor briefing entitled Climate Financing in Africa - A Solution for The Global Critical Minerals Shortage and Regional Sustainable Development, during the Africa investor (Ai) NDC Investment Summit and Awards, held in collaboration with the African Union Development Agency (AUDA), The NDC Partnership, The International Energy Agency (IEA) and The International Chamber of Commerce (ICC). The transition to a low carbon global economy is highly dependent on the supply of critical materials. A report by the International Energy Agency (IEA) found that the World needs 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030, to meet global net carbon emissions goals. That is less than 7.5 years from now. The IEA concluded that the mining sector is the section of the supply chain that needs immediate investments, as the development period is much longer than the other parts of the supply chain. Particularly in developed nations like Canada, United States, Europe, and Australia, where mining is often perceived as a dirty industry and environmental permits are slow, in some cases requiring more than a decade from the initial feasibility studies to production. Without aggressive measures the shortage of critical minerals is imminent. Many countries around the world are trying to develop battery supply chains from mine to manufacturing. Africa is a resource rich continent, with an extensive history of mineral production. The briefing sets out, that with appropriate investment and regulations, Africa could become an essential and immediate investment destination and source of sustainable critical materials and finished green technologies. The growth of the mineral sector in Africa, will also spearhead the industrialization of the continent, mobilize capital at scale for renewable energy investments and towards downstream industries like battery production and car manufacturing and emerging new industries. A regional mine to manufacturing paradigm, presents a huge opportunity for African countries to utilize their resource endowments for industrial development, by pursuing local, responsible and human rights compliant supply chains and supporting the diversification of global technology value chains, ensuring Africa optimises access to the $10trn per annum and growing global green industrial economy. The key requirements for investors are competitive resources, energy availability/potential, infrastructure, markets, and willing partners/governments, which Africa can deliver. Another important aspect for investors is political risk, and that too is being addressed with the Model Law – Institutional Investor-Public Partnerships (ML-IIPP), launched this week at COP27 (link to Ai model law press release), which is a legal and regulatory investment framework to mobilize private capital and scale and for that capital to be deployed at speed, that has received political support and is backed by domestic and global investment institutions. Dr. Hubert Danso, CEO and Chairman Africa investor (Ai) and Chairman, African Green Infrastructure Investment Bank (AfGIIB) added: “Africa is ready to engage with institutional investors, miners, union investment funds, development banks, industrial companies and civil society, to build an equitable and investable, mine to manufacturing, responsible supply chain and production, just energy transition paradigm and become a major human rights compliant, sustainable source of cleaner critical technologies, produced for the local and global markets, as we race against time towards our low carbon world. Dr. Luisa Moreno, Managing Partner, Tahuti Global and one of the authors of the briefing explained “African countries must absolutely develop battery supply chains from mine to manufacturing, to accelerate and deepen economic growth. That includes responsibly developing and operating mines and refining capabilities regionally, to produce the advanced compounds and metals that are used in alloys, batteries, electric motors, and other devices that go into electric vehicles and other renewable technologies”. Read the briefing here See how Ai is combating climate change Ends
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Ethiopia Unveils Ten-Year Power Project Plan

  ADDIS ABABA - Ethiopian Electric Power has disclosed plans to build 71 power projects over the next 10 years. This will cost at least U.S.$40 billion and will consist of 16 hydropower, 24 wind, 17 steam, and 14 solar power projects. Andualem Siae, CEO of Ethiopian Electric Power has said that the project cost is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development partners and financiers, Ethiopian Electric Power, and the Ethiopian government. In July 2021, the African Development Bank (AfDB) approved two grants worth U.S.$83.6 million which enable Djibouti and Ethiopia to proceed with the construction of a second power transmission line which will eventually boost their energy trade, after enjoying the returns from the first project that linked their power grids.

Among the projects planned to be built in the next 10 years are 16 water, 24 wind, 17 steam and 14 solar power projects, CEO said.

Based on the directive, two solar power projects will be built by Saudi Arabia's Aqua Power Company, which is in the process of being developed by private developers and private and public partners and the company is preparing to begin construction.

As to Andualem, negotiations have also started with the United Arab Emirates Company Amia to build the Aisha 1 wind farm project, and bidding is underway to well sort out developers for other wind power projects.

According to the CEO, construction of the Tulu Moye and Corbeti steam power projects has also been commenced by private developers.

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African Green Infrastructure Investment Bank Announced By Institutional Investors

The African Sovereign Wealth and Pension Fund Leaders Forum announced and presented its Pan African Green Infrastructure Investment Bank (AGIIB) initiative, during The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development, hosted by the UN ECA. The AGIIB initiative recognises that the African green finance market, is highly fragmented representing a need to create a world class international pan African investment platform to mobilise this financing market and institutional capital at scale. The Forum’s AGIIB initiatives’ mission, is to create a specialist, independent and commercially run, pan African Green infrastructure Investment Bank, that is both green and profitable, with a pure green focus. The AGIIB initially seeks to raise $3bn-$5bn from African institutional investors and governments and mobilize approximately $20bn from G7 and G20 investment partners. The AGIIB’s model, is based on the successful UK Green investment Bank (UKGIB), model, which was seeded with £3.8bn of UK government capital, that has been admired and copied around the world. Africa needs $100bn per annum for the next 10 years, to address energy poverty across the continent, whilst at the same time has enormous renewable energy potential in the form of 10 terawatts of solar, 350 gigawatts of hydro and 15 gigawatts of geothermal. The Forum has established a high-level working group of African and international institutional investment leaders, governments and technical advisors, to structure the platform and present it during the upcoming African Union (AU), G7, G20 and COP 26 Summits. The AGIIB initiative also offers technical assistance opportunities for development partners, to participate in the set-up funding arrangements, where their mandates support catalyzing long-term domestic and international institutional capital for green infrastructure, to assist the continent’s post Covid-19 economic recovery.
We are proud to play our role as the continents institutional investment community, to champion and create a specialist green infrastructure investment platform, that supports the continents green transition, creates jobs, increases the continents share of the industrial green global economy, whilst at the same time delivers globally competitive risk adjusted returns for its investors.
– Hubert Danso, Chairman, African Sovereign Wealth and Pension Fund Leader’s Forum
The AGIIB initiative, was presented at a side event, held under the theme: ‘Institutional Investors and Green Investments in the Context of COVID-19, during The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development, hosted by the UN ECA. For more information on the African Green Infrastructure Investment Bank (AGIIB), contact: Mr. Hubert Danso, Chairman, African Sovereign Wealth and Pension Fund Leader’s Forum – Email: wedwards@africainvestor.com About the African Sovereign Wealth and Pension Fund Leaders Forum The African Sovereign Wealth and Pension Fund Leaders Forum, comprises the CEO’s, Chairmen and CIO’s, of Africa’s pre-eminent sovereign wealth and pension funds, determined to form new and innovative multi-stakeholder partnerships, to address climate change, the economic fallout of COVID-19, increase investment in African infrastructure, and realize the aspirations of the African Continental Free Trade Area (AfCFTA). To find out more, visit www.aiswpff.com https://youtu.be/8rEU9Za_YsM
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Ai AfricaPLC Releases AfCFTA E-Trade Digitalization Report

Ai AfricaPLC announced and presented today, its Roadmap Report on globalizing Africa eTrade in support of the African Continental Free Trade Area (AfCFTA), during the Ai African Electronic Trade Leaders Roundtable on Improving African Buyer Information and eTrade Documentation, in support of the African Continental Free Trade Area (AfCFTA). This was hosted by Africa investor (Ai) in collaboration with the AfCFTA Secretariat. The AfCFTA and digitalization is an economic gamechanger for Africa. Digital technology can translate into tangible socio-economic change, inclusive economic growth, and job creation on the continent, as it promotes financial inclusion, facilitates trade, and solves sustainable development issues. The AfricaPLC eTrade Roadmap Report is a call to action for the digitalization of the AfCFTA; for Africa to develop and innovate African-centric digital technology solutions that factor in socio-economic realities of the continent, including gender inequality, connectivity challenges, and access to reliable trade data. The Report’s recommendations have been developed to exemplify how they might be implemented, with examples of digital solutions already being explored on the continent and around the world. The recommendations are set out in five parts, with the following key points: Part 1 provides a perspective on the future of digital trade, and how trade data can be used to inform policymaking and develop financial products and services to promote financial inclusion, as well as how the digitalization and automation of trade regulation and compliance can create trust in the market, and provide robust financial crime controls. Part 2 canvasses the implementation of digital technology solutions in logistics and customs automation. Part 3 suggests ways in which digitalization can safeguard the increasingly complex and regulated world of trade finance, and how innovative solutions like regulatory and supervisory technology (RegTech and SupTech) can promote trade facilitation across the AfCFTA, assisting both regulators and the regulated. Part 4 provides a perspective on eCommerce and recommendations on boosting MSME digital trade. Part 5 highlights investment opportunities for digital infrastructure in Africa, and how the public and private sectors can collaborate to scale digital technology solutions in finance, healthcare, and agriculture. The AfricaPLC eTrade Roadmap Report’s call to action, follows a series of multi-stakeholder and multi-sector consultations, with a wide array of public and private sector organisations each offering rich and diverse perspectives and recommendations for a sustainable digital transformation in the implementation of the AfCFTA. There was a unanimous agreement that the AfCFTA, as a trade and development instrument, has the potential to be Africa’s Covid economic recovery stimulus, and the most competitive free trade area in the world, alleviating millions from poverty, by enfranchising SMEs – especially women and youth – by exploiting modern secure eTrade technology, and pursuing smart partnerships with the private sector during its rollout and beyond are pivotal to accelerating its success. Some of the key discussions within the Report unpack the following:
  • Digitalization for futureproofing
  • Legal reform and the right policy levers
  • Overcoming the challenges of interoperability of digital platforms
  • Digitalizing and harmonizing customs procedures
  • Regulatory transformation to attract more FDI into Africa
  • Digital infrastructure development
  • Trade data as infrastructure
  • RegTech & Regulation as a Stimulus (RaaS)
The Report was presented to H.E. Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, by Hubert Danso, CEO and Chairman Africa investor (Ai) AfricaPLC, during the Ai African Electronic Trade Leaders Roundtable. Participating Secretary Generals at the Roundtable included, John Denton, Secretary General, ICC; Vinco David, Secretary General, Berne Union; Kunio Mikuriya, Secretary General, World Customs Organization (WCO); and Peter Mulroy, Secretary General, FCI Association. During the high-level roundtable, AiAfricaPLC also launched AiAfricaPLC TradeDocs,  its electronic certificates of origin platform for Chambers of Commerce, Regional Organisations, Customs Authorities, Authorizing Bodies, Exporters and Freight Forwarders, and AiAfricaPLC Insights, which assists traders, banks and export credit agencies and insurers, conduct due diligence, evaluate supply chain governance and analyze commercial data from its database of 10 million African SMEs.
Africa’s digital trade facilitation and digital transformation are quintessential to the continent’s participation, and success in the Fourth Industrial Revolution.
AfricaPLC, as an innovative, fully integrated, and secure B2B and B2G multi-sector, industrial eTrade marketplace and FinTech platform, have important perspectives on how the AfCFTA can assist African economies leapfrog decades of development, in the wake of this health and economic tragedy. We therefore see this as a watershed moment, to innovate new products and generate and document our eTrade digitalization insights, that could support public and private sector policy breakthroughs. – Hubert Danso, Chairman, Ai AfricaPLC
Mr Danso went on to say, “We look forward to working with public and private stakeholders, to increase the AfCFTA’s global competitiveness, through the creation of modern digital trade corridors, powered by ‘supply chains of the future’, driven by forward-looking regulation and eTrade marketplaces that enfranchise African SMEs.”
Read the full Report here or on www.africaplc.com. For more information contact : Wendy Edwards – Email: wedwards@africainvestor.com   About Ai AfricaPLC – Globalizing Africa eTrade AfricaPLC, the eTrade platform of Africa investor (Ai), is an innovative, B2B and B2G multi-sector, industrial eTrade Marketplace and FinTech platform, focused on improving intra-African trade flows, cross border payments, supply chain transparency, logistics and access to trade intelligence and global markets. AfricaPLC provides, secure and easy to use transaction platforms and is continuously innovating blockchain and RegTech trade enabling solutions, to assist facilitate our clients and partners digitally originate, transact, track and settle B2B and B2G transactions across the African continent and worldwide. AfricaPLC is committed to connecting the African Continental Free Trade Area (AfCFTA) with global markets, by simplifying cross-border trade and procurement transactions for SMEs, large businesses, financial institutions and African governments.
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African institutional investors call for partnerships to build resilient economies

The African Sovereign Wealth and Pension Fund Leaders Forum has today issued a Call to Action to build resilient African economies. Noting the potential for devastating economic impacts on the African continent by the novel coronavirus (COVID-19) pandemic

The Forum, comprised of leaders of Africa’s pre-eminent sovereign wealth and pension funds, are determined to form new and innovative multi-stakeholder partnerships to address the economic fallout of COVID-19, increase investment in African infrastructure, and realise the aspirations of the African Continental Free Trade Agreement (AfCFTA).

The Call to Action, supported by an array of organisations including the International Chamber of Commerce and the African Union’s Continental Business Network, recognises that efforts must be informed by two urgent and mutually reinforcing components: *immediate priority responses to protect African capital markets, micro-, small- and medium-sized enterprises (MSMEs), regional supply chains and the AfCFTA from the economic fallout of COVID-19; and *multi-stakeholder partnerships across government and industry to foster industry shifts and a regulatory requirement fit for African economies and industries to stabilise, grow and thrive.

Commenting on the Call to Action, Hubert Danso, the Chairman of the African Sovereign Wealth and Pension Fund Leaders Forum said:

“COVID-19 is both a health and an economic crisis. As custodians of the livelihoods of millions of Africans, we are acutely aware of the economic difficulties to come. That is why we’re issuing this call – to work with policymakers and development financial institutions to co-create the conditions necessary for post-pandemic economic recovery.”

Read the full Call to Action here.

For more information contact: Hubert Danso, CEO and Chairman, Africa investor, Chairman, African Sovereign Wealth and Pension Fund Leaders Forum Email: amofokeng@africainvestor.com www.aiswpff.com
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ICC joins global trade organisation heads for summit on impact of COVID-19 on Africa

ICC Secretary General John W.H. Denton AO, participated in a historic summit this week to discuss the impact of COVID-19 on the African Continental Free Trade Area (AfCFTA).

Convened by Africa investor (Ai), the Summit brought together the heads of global trade organisations and recognised the importance of pioneering partnerships and collaboration with the private sector and international organisations in restoring trade confidence and flows in the fight against COVID-19, and in building trade resilience in anticipation of future pandemics.

The importance of accelerating the adoption of African eTrade, Paperless Customs and RegTech innovation also featured highly on the agenda.

“We are delighted to partner with Africa investor,” Mr Denton said. “ICC remains committed to addressing issues impacting the private sector in Africa through pioneering collaboration and our growing presence and outreach on the continent.”

The Summit was Chaired by Chaired by Hubert Danso, CEO and Chairman, Africa investor (Ai), Chairman, African Union Continental Business Network (CBN). Participants included Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, Kunio Mikuriya, Secretary General, World Customs Organization (WCO), Yonov Frederick Agah, Deputy Director-General, World Trade Organization (WTO), Vinco David, Secretary General, Berne Union and Hennie Heymans, CEO, DHL Express Sub Saharan Africa.

The Summit, which took place on 30 April, highlighted the urgent need for harmonised regulation to help the African private sector – in particular SME’s – to digitise their businesses, to be able to trade and compete in the ‘Post COVID-19 Contactless Economy’, where ‘Trade and Customs Distancing’ will be the new normal.

The African private sectors’ AfricaPLC Industrial eTrade Platform initiative was welcomed as a critical African eTrade and Finance enabler. The initiative is supported by ICC, Ai, DHL, the Chartered Institute of Purchasing and Supply (CIPS), Standard Bank, the African Union Development Agency (AUDA) Continental Business Network (CBN), ABSA and Trade Development Bank.

The virtual summit saw commitment from leaders to collaborate on a range of trade initiatives to combat COVID-19 and build trade resilience in Africa, in support of the implementation of the African Continental Free Trade Area (ACFTA).

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Africa investor (Ai) Convenes Heads of Global Trade Organisations Summit on the African Continental Free Trade Area (AfCFTA)

Africa investor (Ai) confirmed today it convened an historic Summit with the heads of global trade organizations, to discuss partnerships and the impact of COVID-19 on the African Continental Free Trade Area (AfCFTA).

The Summit was Chaired by Hubert Danso, CEO & Chairman, Africa investor (Ai), Chairman, African Union Continental Business Network (CBN) and included Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, John Denton, Secretary General, the International Chamber of Commerce (ICC), Kunio Mikuriya, Secretary General, World Customs Organization (WCO), Yonov Frederick Agah, Deputy Director-General, World Trade Organization (WTO), Vinco David, Secretary General, Berne Union and Hennie Heymans, CEO, DHL Express Sub Saharan Africa.

The Summit was convened as leaders’ recognized innovative partnerships and collaboration with the private sector and international organizations, will be critical to restoring trade confidence and flows in the fight against COVID-19 and in building trade resilience in anticipation of future pandemics.

The importance of accelerating the adoption of African eTrade, Paperless Customs and RegTech innovation featured high on the leaders’ agenda.

Leaders highlighted the extent to which the COVID-19 pandemic has created an urgent need for harmonized regulation to support the African private sector, especially SME’s, digitize their businesses, to be able to trade and compete in the ‘Post COVID-19 Contactless Economy’, where ‘Trade and Customs Distancing’ will be the new normal. The African private sectors’ AfricaPLC Industrial eTrade Platform initiative, supported by: Ai, DHL, ICC, Chartered Institute of Purchasing and Supply (CIPS), Standard Bank, the African Union Development Agency (AUDA) Continental Business Network (CBN), ABSA and Trade Development Bank, was welcomed as a critical African eTrade and Finance enabler.

The leaders renewed their commitment to collaborate on an array of strategic trade initiatives to combat COVID-19 and build trade resilience in Africa, in support of the implementation of the African Continental Free Trade Area (ACFTA).

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Africa.com – President of Ghana to Speak at Africa.com Webinar on Crisis Management for African Business Leaders

Johannesburg, South Africa, April 25, 2020 - / The President of Ghana, Nana Addo Dankwa Akufo-Addo, will address what is possibly the largest ever gathering of senior African business leaders.  The media holding company, Africa.com, has produced a webinar series, Crisis Management for African Business Leaders, to address the unprecedented challenges African executives are facing during the COVID-19 pandemic. Over 3,000 participants are expected from 81 countries - 41 countries on the African continent + 40 countries throughout the world.

President Akufo-Addo will be the lead speaker on a panel moderated by Hakeem Belo-Osagie, Chairman of FSDH Holding Company and Harvard Business School Senior Lecturer of Business Administration.  The panel, “This Isn’t the West - How Africa’s Informal Sector Responds to COVID-19” will also feature The Honorable Nasir El-Rufai, Governor of Kaduna State, Nigeria; Ahmed Mushfiq Mobrarak, Professor of Economics, Yale University; and Amandla Ooko-Ombaka, Senior Engagement Manager, McKinsey & Co.

The participants in the webinar are comprised of many of the most senior private sector players on the continent, most of whom carry one of the following titles: CEO, chair, managing director, president, principal, partner, CFO, chair, finance director, chief, director, executive director, group head, general manager or manager.   In addition, participants include senior government officials, leading academics, and heads of non-profit organizations.

Africa.com Chair and CEO Teresa Clarke commented: “President Akufo-Addo’s leadership of the pandemic has been tailored to the unique social, economic and cultural conditions of his country.  We are very pleased that President Akufo-Addo has accepted our invitation to address the pan-African business community about this critical issue, and provide his perspective on how African leaders in both the public and private sectors may navigate these complex choices.”

“This isn’t the West - How Africa’s Informal Sector Reacts to COVID-19” will take place on Wednesday, April 29 at 9:00 EDT (New York |14:00 WAT (Nigeria/UK)  15:00 CAT (South Africa) |16:00 EAT (Kenya).

The panel discussion is part of a four part series on crisis management developed by Africa.com and faculty members from Harvard Business School. For more information and free registration, please visit virtualconferenceafrica.com.

About Africa.com Africa.com is a media holding company with an array of platforms that reach a global audience interested in African business and lifestyle. Interests include Africa.com Business Publishers’ Network, the website at www.africa.com, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

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African Sovereign Wealth and Pension Fund Leaders Refine COVID-19 Response Recommendations

African Sovereign Wealth and Pension Fund Leaders Refine COVID-19 Response Recommendations

Africa investor (Ai) today convened the 2nd African Sovereign Wealth and Pension Fund Leaders Forum COVID-19 Virtual Round-table, an exclusive Forum of the continent’s most influential Chairmen, CEO’s and CIO’s of African Sovereign Wealth and Pension Funds, to discuss the role and response of African institutional

investors in the fight against the COVID-19 pandemic across Africa.

The Forum was Co-Chaired by Hubert Danso, CEO and Chairman Africa investor Group (Ai), Chairman, African Sovereign Wealth and Pension Fund Leaders Forum and Uche Orji, CEO of the Nigerian Sovereign Investment Authority.

Roundtable participants discussed refining and giving structure to the areas of focus raised in the inaugural roundtable, which were based on the following 2 thematic areas of focus:

  1. Immediate Priority Responses, to protect African capital markets, SME’s, Supply Chains and the African Continental Free Trade Area (ACFTA) from the economic fallout of Covid-19
  2. Partnerships with Regulators, to foster industry shifts and the next normal regulatory environment required for African economies and industry to thrive and grow.

The following 7 Recommendations were generated as result of the discussion:

  • Recommendation 1: Collaborate on assisting SME supply chain and trade support through digitization (trade and fintech - esp healthcare and agriculture related),
  • Recommendation 2: Pursue ESG compliant infrastructure co-investment partnerships, (energy/healthcare/agri)
  • Recommendation 3: Develop and communicate seminal pandemic combative institutional investment models
  • Recommendation 4: Champion Institutional Investor research insights,
  • Recommendation 5: Motivate governments to consider directing some of their Quantitative Easing/Emergency funding towards SWF’s to allocate and invest into their local and regional economies
  • Recommendation 6: Engage in policy partnerships with Central Bank Governors on framing the new regulatory environment and investment needs of the post COVID-19 economy
  • Recommendation 7: Coordinate and correlate responses with global peer institutional investor and private sector industry bodies.

Africa’s institutional investment community, which are responsible for hundreds of billions of dollars of assets, which they manage and invest on behalf of their members and future generations, reaffirmed their commitment to support African governments and policy makers with planning and executing economic recovery programmes, so African economies can stabilize, grow and thrive in the new post COVID-19 economy.

The Round-tables Recommendations will form the basis an industry  Statement, that will be shared with African Heads of State, Central Bank Governors, Development Partners and Industry Peers.

For more information contact: Hubert Danso, CEO and Chairman, Africa investor, Chairman, African Sovereign Wealth and Pension Fund Leaders Forum Email: amofokeng@africainvestor.com

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Africa.com – Poll Reveals 70% of African Businesses Expect their Revenues to Decrease by More Than 10% Next Month

Johannesburg, South Africa, April 23, 2020 - / In a live poll conducted by Africa.com on April 22 as part of its webinar series, Crisis Management for African Business Leaders, nearly 70% of webinar participants predicted that their business revenue will decrease by more than 10% next month.  47% indicated that they expect their revenue to decrease by more than 25% next month, and 24% indicated that they expect revenues to decrease by more than 50% next month. Only 20% indicated that they expect revenue to remain the same or increase.

Approximately 1,500 business leaders participated in the poll.  Participants came from 41 countries across the African continent, with the largest representation coming from Nigeria, followed by South Africa, Kenya, Ghana and Ethiopia.  60% of the participants have one of the following titles: CEO, managing director, president, principal, partner, CFO, chair, chief, director, executive director, group head, general manager, or manager.  Of the remaining 40%, the leading titles are analyst and consultant.

The largest sectors represented are financial services and professional services, followed by energy and manufacturing.  A smaller tier consisted of real estate, health care, agriculture, health care, and media, arts & entertainment.

The live poll preceded a panel discussion on Liquidity - Managing Cash Flow When Sources of Revenue and Funding Dry Up moderated by Kunle Elebute, Chair, KPMG, with the following panelists:  Welela Dawit, CFO, GE; Admassu Tadesse, President and Chief Executive of the Eastern and Southern African Trade and Development Bank (TDB); and Sim Tshabalala, Chief Executive, Standard Bank Group.

Africa.com Chair and CEO Teresa Clarke commented:

 “The poll results are supported by the qualitative data we collected from the 10,000 registrants for the webinar series.  We asked registrants what their greatest concern is with respect to COVID-19.  Responses were open ended, and we received 10,000 responses ranging from 10-100 words.  By far, the greatest concern expressed was reduction in revenue.  But interestingly, many commented that while they were concerned about revenues, it was because they were concerned about being able to pay their employees.  One respondent commented, ‘In Africa, we care more about people than profits.’”

The panel discussion is part of a four part series on crisis management developed by Africa.com and three faculty members from Harvard Business School.  The next webinar discussion will take place on Wednesday, April 29, and is moderated by Hakeem Belo-Osagie, Chair of FSDH Merchant Bank and Harvard Business School Senior Lecturer of Business Administration.  That webinar is entitled “This isn’t the West - How Africa’s Informal Sector Reacts to COVID-19.”

For more information and free registration, please visit virtualconferenceafrica.com.

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com,  email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

  Poll Report Pie Chart - Revenue - CLICK HERE
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