Investment and Risk Mitigation
Covington’s Africa Practice is looking forward to being a sponsor of the first-ever Africa House at South By Southwest (SXSW) this year.
Launched in 1987, with a mission to foster discussion and collaboration in the music and art scene, SXSW has morphed into the ultimate gathering place for creatives, innovators, and technologists. Held in Austin,…
Earlier this month, more than 1,000 leaders from business, government, and civil society participated in the World Economic Forum on Africa in Durban in early May with the theme, “Achieving Inclusive Growth through Responsive and Responsible Leadership.”
This note highlights several conversations relevant to the forum’s theme.
The Leadership Challenge
The challenge of responsible leadership…
Crowdfunding—or the use of online platforms to raise money for business ventures from a large base of investors—has been steadily gaining traction in Africa over the past decade. Still, crowdfunding in Africa remains limited compared to other regions: In 2015, the African crowdfunding market amounted to about $70 million, accounting for less than one…
The explosion of the SpaceX Falcon 9 rocket yesterday was bad news for SpaceX, certainly, but the loss of the rocket’s payload is particularly troubling in light of the need to further expand internet access within Sub-Saharan Africa. That payload was the Amos-6 communications satellite, which Facebook, as part of its Internet.org initiative, intended to…
In a recent interview, Executive Director of the Nairobi-based United Nations Human Settlements Programme (UN-Habitat) Dr. Joan Clos stated that “urbanization will be a big opportunity for Africa in the coming years.” It comes as no surprise that harnessing the potential of Africa’s urbanization will be a top agenda item at Habitat III, the…
Social media is one of the most powerful tools available to Africans — especially the sizeable youth population — who previously have felt disenfranchised, neglected, and powerless. Across the continent, this tool has been wielded to demand accountability, strengthen democracy, and increase transparency. Unfortunately, there are increasing efforts to attack this power.
The African Charter…
The past few years have been replete with media stories of an unfolding “African digital renaissance” and the wonders of the “Silicon Savannah” and other Sub-Saharan African tech hubs, with coverage reaching a fever pitch in the wake of the recent Global Entrepreneurship Summit in Nairobi. Yet francophone Africa has been…
This week, numerous companies from emerging economies will gather in India to participate in the third annual Growth Net conference, a unique platform focused on promoting business, trade and financial partnerships amongst the countries represented. South-South cooperation will be the focus of much of Growth Net’s agenda, and a principal topic of interest will be…
In yet another example of how mobile technology is revolutionizing service delivery in Sub-Saharan Africa, application developers, data mining companies and financial institutions are using mobile usage data and social media activity to determine the credit risk of potential borrowers. These efforts are helping to surmount one of the most significant obstacles to extending credit…
For the past few years, the explosive growth of mobile financial services (which includes mobile banking, mobile payments and mobile money transfers) in Kenya and other countries in Sub-Saharan Africa has indicated that the future of banking on the continent will be through mobile phone accounts rather than brick and mortar locations. New analysis by…
