Atta Africa Financial Update

Executive summary: Emergent Africa

Whatever the reasons for Africa's past woes, the facts are undeniable: Africa's situation is changing fast, and for the better - the Africa of recent decades is barely recognisable as the less functional continent of the 1980s and 1990s.

The most striking positive trend in Africa is the rise in education. Despite any pessimistic stories you have heard about African education, schooling is working. In two generations, literacy rates have soared, doubling in many countries.

Gross domestic product has also soared and poverty has plunged on the continent since the mid-1990s. Already, African manufacturing is expanding. Fifteen percent of China's direct investment in Africa goes to factories.

Africa's future looks bright - Africa naysayers should wake up to this new reality.

KKR to invest US$100 million in Africa within the next year

 
  • KKR plans to invest as much as US$100 million in Africa within the next one year
  • During a visit with a French business delegation to Nigeria, Dominique Lafont, a senior advisor at KKR, said the private equity firm is looking at investing in the agriculture and energy industry as well as in infrastructure projects

Stanlib to launch the region’s first Real Estate Investment Trust

 
  • Kenya’s Capital Markets Authority has given the go ahead for Stanlib to launch the region’s first Real Estate Investment Trust
  • The fund manager is looking to raise up to US$120 million via the Nairobi Securities Exchange’s Alternative Investment Market