South Africa’s proposed changes to foreign ownership restrictions on local broadcasters do not go far enough to remove the “red tape” that inhibits foreign direct investment in the country’s broadcasting sector, according to the Free Market Foundation. Current legislation limits foreign investors’ voting rights to just 20%, even if their economic interest is higher. But…
Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…
It’s been several days now since Israel launched its surprise attack on Iran. The conflict has since escalated with each side launching dozens of strikes. And because the warring sides don’t share a border, the attacks have largely been focused on air strikes. While Iran may have the largest stock of missiles and drones in…
