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AI predicts Senegal most likely to triumph at AFCON

An artificial intelligence model has been used to predict the outcome of the African Cup of Nations, set to take place in January. According to Opta and the BBC, Senegal are best placed to defend their AFCON crown, with the Côte d’Ivoire second favourites to take home the title.

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STEG selects Sia Partners and Talan for smart metering program

Tunisia’s national electricity company STEG has selected Sia Partners and Talan as its consulting partners for the first phase of its multi-year smart metering rollout across the country. With the aim to modernise its energy infrastructure and prepare the country for the energy transition, the Tunisian Electricity and Gas Company (STEG) has launched a 5+ year program to roll out smart metering across the country.

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FTI Capital Advisors supports CSquared with capital raise and deal

Pan-African technology company CSquared has raised $ 25 million in new equity funding, with a chunk of that money put straight to use through an acquisition. Launched in 2011 as a project within Google, CSquared has the stated ambition to build a metropolitan fibre optic network in Sub-Saharan Africa.

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Renewable energy in Africa: Huge opportunity at huge cost

Sustainable energy initiatives in Africa are likely to soon be a huge opportunity for investors hoping to push for renewables and drive development in the region. Renewable energy sources like solar, wind, and hydropower are set to grow progressively and could make up a remarkable 95% of all installed power in the continent by 2050.

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Africa's energy sector needs massive (renewable) investments

With the urgent need to decarbonize our planet, clean technologies and renewable energy systems are more important than ever. Africa needs to invest far more in renewable energy to be on track with its energy ambitions, though a thorough transition is far more difficult for developing economies.

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PwC to advise mining company on East Africa expansion

Marula Mining has engaged consultants from PwC to provide a variety of professional services in their move to expand their operations to Kenya. PwC is set to offer legal, transactional, and tax service advice to Marula Mining, a UK-headquartered investment company that focuses on targeted investments in the mining industry, mostly in Africa.

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McKinsey backs new agriculture and food initiative in Africa

A new initiative called the African Agricultural Transformation Initiative aims to promote inclusive agricultural development in Africa. Founding partners include consulting firm McKinsey & Company, IFAD, Alliance for a Green Revolution in Africa, and the Bill & Melinda Gates Foundation.

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Consultants supporting reform of state-owned enterprises in Ethiopia

Five Ethiopian state-owned enterprises have turned to external consultants for guidance as they embark on a strategic re-assessment of their core business model. As part of a major government reorganization program, Ethiopia is in the process of improving the performance of its portfolio of state-owned enterprises through initiatives including performance improvement, better commercialization of services, and the (partial) privatization.

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Dalberg appoints three new partners in Nairobi office

Global professional services firm Dalberg has appointed seven new partners worldwide, with a trio of leaders based in the firm’s Africa division. A member of Dalberg Advisors, Dalberg’s management consultancy wing, Oliver Nambiro has more than 15 years of experience in finance across different industries in Kenya, East Africa and Africa.

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Andersen Global enters several African markets

Andersen Global has injected new momentum into its African expansion efforts, with new collaborations in Mauritania, Madagascar, Chad, Eswatini, Gambia, and Liberia. Mauritania The firm announced a partnership with Nouakchott-based legal services firm Chinguity Law – a six-attorney team that offers family, business, employment, banking, finance, and insurance services among others.

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