You should know
With 15 IPOs ready to launch in 2016, African companies are looking to raise more than $3 billion in capital. This amount would nearly double the figure raised last year, defying commodity price drops and ‘capital flight’ from many emerging markets (Reuters Africa).
The Barclays Africa Group says any announcement of a sale by its London-based parent company will not impact the shareholdings or ownership of its operations on the continent. The banking leader says it will continue to evaluate its “strategic options” following reports that it has established a subcommittee to study a sales process for all its African operations (CNBC Africa).
ICYMI Uganda’s electoral commission is preparing to meet legal challenges from the country’s opposition candidates following the re-election of President Yoweri Museveni in the February 18 election. Main opposition leader, Kizza Besigye, and independent candidate Patrick Amama Mbabazi are disputing the results, claiming ‘voter irregularities’ and ‘rigging’ they say led to Museveni’s victory (VOA News).
The 2016 Harvard Africa Business Conference took place over the weekend with panels covering a range of areas from finance and infrastructure to entrepreneurship and leadership, all impacting the future of development on the continent. Take a look bak through #HBSABC2016 on Twitter for hi-lites from the conference and check back with us during the week as we’ll be sharing interviews and insights from our 3-day weekend in Cambridge.
Joshua Hammer investigates for @The_Intercept how the US is ‘hunting’ Boko Haram by ‘extending its drone war deeper into Africa with a secretive base’ in Cameroon (The Intercept).
Tonny Onyulo (@tonnyonyulo) visited the streets of Mogadishu, where he says, ‘the the future of finance has arrived’ as cash disappears, credit cards become unnecessary, and daily shopping is “speedy and digital” transforming Somalia into a cashless society (Quartz Africa).
Identity & Culture
The #OscarsSoWhite hashtag ended its weeks-long trend on Twitter while Ryan Coogler, Ava Duvernay, Jessie Williams, and many others came together to bring much needed attention to the tragedy in Flint, Michigan USA with #JusticeForFlint and the NY Times published a conversation between Lupita Nyong’o and Trevor Noah, discussing ‘their meaningful roles’ (NY Times).
Sign up for our daily newsletter to enjoy Compass from your inbox.