Shaking the foundations: Time to change the structure of our cities

By Patrick McInerney, Christoph Malan, Catharine Atkins and Malika Walele – Co-Arc International Architects It’s easy to fall into the doom-and-gloom trap of how the current pandemic will forever change the face of cities and how the very foundations of urban planning and architecture will have to adapt to a new human reality. But rather than adopting a reactive stance when it comes to envisaging how cities might change, looking beyond Covid-19 why not focus on how cities should structurally change? Inequalities have become starkly apparent as a result of…

Read More

Planning more important than prediction for Africa’s property sector now and post Covid-19

By Gerhard Zeelie AFRICA – An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – that the pandemic has taught us, and integrate them into our future business and investment plans and strategies, so that we’re…

Read More

How blended finance could help finance Kenya’s “Big 4 Agenda”

By Ladé Araba Kenya’s aspiration to become an industrializing middle income country is encapsulated in its Vision 2030, which is aligned with the UN Sustainable Development Goals (SDGs).  The Vision, now in phase III of implementation (MTP3), comprises four pillars known as “The Big Four Agenda”:  Achieving food security;  Providing affordable housing for all;  Becoming a manufacturing powerhouse; and Providing universal healthcare coverage.  This agenda currently requires funding of about $20 billion, thus demanding greater volumes of financing given Kenya’s 2018-19 fiscal deficit of $6 billion.  As the nation’s resource mobilization…

Read More

Emerging Trends in Private Equity in Africa

By KENNETH BARRY and PREETI NANA Private equity in Africa has come a long way since the early 1990s, which saw development financial institutions investing in government-initiated development projects across the continent. The period that followed was characterised by the emergence of a limited number of South African focused private equity funds, which over the next decade started to invest more widely across the continent.  By 1997, there were twelve private equity funds that had collectively raised US$1 billion to invest in Africa. As we fast forward to 2019, the…

Read More

What role can Blended Finance play in the response to COVID-19?

By Andrew Apampa, CFA The rapid spread of COVID-19 presents an unprecedented challenge in an ever more connected world, requiring health organizations, governments, and the private sector to work together in the face of human tragedy. Given the crucial need for multi-stakeholder collaboration and additional resources (financial and otherwise), we explore how blended finance can help respond to epidemics. Unquestionably, emergency relief funding like government spending and unblended global aid will be crucial to minimizing the impact of COVID-19 in the immediate term. However, blended finance can play an important assisting…

Read More

Africa cannot go back to ‘business as usual’ when COVID-19 pandemic is over

By Babatunde Omilola Like every other pandemic that the world has experienced in the past, coronavirus will eventually come to an end. It will be defeated, and life return to normal. But it will teach us an important lesson: the need to invest in health infrastructure across the world, and particularly in Africa. For centuries, global and national agendas have given premium to wealth creation and less attention to healthcare. Indeed, the pursuit of wealth has even come at the expense of the environment.  Budgetary allocations for health have been…

Read More

Why a new Bill is important to professionalize customs and freight trade in Kenya

By Wycliffe Wanda The rise of regulators to protect consumer interests has served consumers well in setting and applying rules on corporate action and delivery – be it by setting fuel prices in Kenya, by regulating insider trading on the world’s stock markets, or by banning mergers that damage competition. But the debate has got hotter on when taxpayers should be funding industry regulation and when other paths are a better solution, such as structures that push professional responsibility onto professionals themselves, and leave the consumer paying only for their…

Read More

How Africa Can Make a Comeback from the Oil & Gas Downturn

By NJ Ayuk Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.  For Africa’s oil-producing countries, where crude oil exports make up a large portion of their revenue, the situation is especially dire. In Nigeria, for example, Finance Minister Zainab Ahmed recently warned of an imminent recession and requested billions of dollars in international emergency funding.  As of the second week of April, national oil production in Angola…

Read More