investment

South Africa has come out ahead of its counterparts on the continent as the top destination for ICT investors based on the number of deals as well as the total amount of funding. The Disrupt Africa African Tech Startups Funding Report 2016 reveals that the country attracted the biggest share of investment followed by Nigeria, while Kenya and Egypt secured third and fourth place.

Climate activists seeking to pull investors into their camp are pushing Exxon Mobil and Chevron to limit money spent on exploration in favour of higher dividends and more share buybacks.
 
Shareholders will vote on proposals that would urge the two biggest United States oil producers to cut what they spend opening up new oil fields and instead hand the money to investors.
 
Environmental critics say future climate rules will soon make it unprofitable to pump.
 

The South African National Roads Agency Limited (SANRAL) says that failure to repay the multi-billion-rand debt used for the e-tolling system will affect future investments.

SANRAL, together with the Transport Department made submissions to the e-tolling review panel in Pretoria on 5 November 2014.

Meanwhile, the socio-economic impact of e-tolls on Gauteng freeways came under scrutiny when the e-toll advisory panel grilled the department.

According to a study by PriceWaterhouseCoopers, six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent.

The report’s advisory leader, Chris Bredenhann, states that large gas finds in Mozambique and Tanzania would make the world ‘take note of east Africa as an emerging player in the global industry.’

The boom has brought investment opportunities to Africa, despite the lingering challenges of corruption, lack of infrastructure and regulation.

The Strategic Studies Group of the African Capacity Building Foundation (ACBF) has held its inaugural meeting in Lusaka with delegates calling on governments to invest in indigenous human capital and institutions on the continent.

ACBF executive secretary, Emmanuel Nnadozie, says Africa is at the centre of an investment boom that countries on the continent should grasp and take advantage of to enhance economic development.