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&#8211; Dr. Victor Oladokun, Director of Communication, African Development Bank



In 2018, the fictional country of Wakanda
in the blockbuster movie Black Panther, was ranked fourth as the most
mentioned ‘country’ in Africa during TV broadcasts, according to a recent study
by the University of Southern California. Coverage of Wakanda far exceeded
mentions about African business, travel, health; sports, or development. While
the finding is amusing, it is a reminder of the significant narrative challenge
an integrated Africa faces in showcasing opportunities and the many
transformational changes taking place on the continent. Ultimately, effective
and transparent communication will be key to regional integration, and the
capacity to attract investor and partner interest.



At the heart of every civilisation is a
human desire for game-changing solutions that transform nations and human
lives. Vibranium, Wakanda’s equally fictional precious metal, was the
key to making it the most technologically advanced nation on the planet. But in
reality, critical to a regionally integrated ecosystem will be how Africa
continues to innovatively use, manage and add value to its tremendous
resources. 



Tectonic global shifts are already
changing every aspect of our economies and enterprises. Also affected, are
policies, education, research, ICT, finance and banking, trade, migration and
the mobility of human capital, goods and services. The African Continental Free
Trade Area agreement, which came into force on May 30, 2019, holds the
tantalizing prospect for the creation of a single market for goods, services
and the movement of persons, with a total GDP of $2.5 trillion, and a combined
population of one billion people. 



Astounding and rapid technological
developments are already underway in artificial intelligence, robotics,
nanotech, quantum computing and Big Data. The African Development Bank and
partners such as The Rockefeller Foundation, Microsoft, and Facebook, have
launched a Coding for Employment Program to create over 9 million jobs and
reach 32 million youth and women across the region. With an eye on the future,
the African Development Bank is also working to bring advanced drone
technologies to African agriculture with a pilot project already underway in
Tunisia, and plans for potential regional rollouts.



The fact is that it’s no longer ‘business
as usual.’ The ground underneath our feet is shifting at amazing speed. So, one
thing is certain. The near future will be radically different from anything we
might contemplate today. Which is why the African Development Bank and its
partners, will continue to work toward integrating the best ideas,
technologies, policies, systems and infrastructure.



Creating the regionally integrated Africa
of our dreams, will require political will, policy changes, and private and
public sector partnerships. It will also require positive human agency and
energy that is characterized by vision, great hope, trust, and a genuine love
of humanity. Only then, can we expect to bring the greatest benefit to the
greatest number of Africans ever. 



In 2019, as the African Development Bank
commemorates its 55th anniversary, we are poised to play an even more strategic
role, in conjunction with the African Union Commission and other partners, to
help make Africa’s economic integration a concrete reality. 



Together, we will irreversibly impact and
transform the lives of millions of Africans.

Op-Ed: Shaping the Africa of  the future

By <a href="https://www.cnbc.com/grant-cardone/">Grant Cardone</a>



It’s been more than 40 years since I graduated high school — and a lot has changed since then. I’m older, wiser, wealthier and much more successful.



I’ve built a&nbsp;<a href="https://www.cnbc.com/2018/09/06/grant-cardone-10-tips-to-become-a-self-made-multimillionaire.html" class="">multimillion-dollar business</a>&nbsp;and am the CEO of seven privately held companies. But there’s always room for improvement — even at age 61. In order to do that, it’s important to acknowledge past failures and learn from them.



Looking back at my 20s, there was so much I didn’t know about <a class="" href="https://www.cnbc.com/2018/01/05/self-made-millionaire-grant-cardone-2-things-to-spend-on-in-2018.html">money</a>. With what little I earned, I wasted on useless things that didn’t benefit me at all. Here are the top four things I regret spending my time and money on:



1. Drugs and alcohol



If I could go back in time, I’d tell my younger self: “Your education doesn’t stop after college.”



After graduating high school, I became obsessed with all the wrong things. I spent money on drugs and alcohol — and even developed an addiction problem. I should have been spending that money on things that would help me develop new skills, gain knowledge and make powerful connections.



In the real world, your high school diploma is useless, and your college degree won’t get you very far if you don’t have the right skills to keep up with the marketplace. Investing in yourself will only make you more valuable and increase your earning potential.



I didn’t realize any of this until much later. At 25, I spent my last $3,000 on an audio program that taught me about sales and how to close deals. I can honestly say that the investment and commitment to go “all in” are the reasons for my success today.



2. Traveling



<a href="https://www.cnbc.com/2019/05/29/shark-tanks-kevin-oleary-on-taking-a-gap-year-are-you-kidding.html" class="">Kevin O’Leary</a>&nbsp;says that taking a gap year to travel is a bad idea — and I couldn’t agree more. I took so much time off early in my entrepreneurial career that it almost derailed me. I was also spending money I didn’t have on airfare, hotels and food.



<a href="https://www.cnbc.com/2017/01/18/self-made-millionaire-heres-how-millennials-can-catch-up-to-boomers.html" class="">A lot of millennials today</a>&nbsp;find themselves in a similar position. They have the urge to travel because they have no purpose at work. They believe time off will help them find that “something” that’s missing in their careers. When you don’t know what you should be doing, it’s easy to put life on hold, go backpacking, stay in hostels and eat ramen.



I’m not saying you can’t ever take any time off. I can travel the world in my own plane today because I ultimately decided to put in the hard work. Get obsessed with your purpose, and you’ll find that your travel plans can wait. <a class="" href="https://www.cnbc.com/2016/11/04/self-made-millionaire-dont-buy-a-home.html">Comfort is the enemy of abundance</a>. Don’t let an $800 ticket to Europe get in the way of your freedom.



 3. Sleeping in



When you’re young, it’s easy to be lazy and not feel guilty about it. But guess what? The rich and successful get a good night’s rest, but they don’t sleep in.



One of my biggest regrets was not taking advantage of all the hours in a day. I allowed myself to feel content when I should have been mapping out my goals and figuring out how to achieve them. Had I realized my full potential in my 20s, I would reached my first million a lot sooner.



Let everyone else in their 20s sleep like they’re rich. You should be up at the crack of dawn. Speed is power, and when you’re young, patience is not a virtue. Today’s marketplace is changing at the speed of light, so you need to be nimble to get ahead.



4. Being too comfortable in my jobs



I wasted half of my 20s working low-paying jobs that didn’t challenge me to grow and develop valuable skills. I’m not saying low-paying jobs are bad; sometimes you have to start a lower salary. But being content and without any drive won’t make you successful in life.



I used to&nbsp;<a href="https://grantcardonetv.com/one-of-the-first-jobs-i-ever-had-was-at-mcdonalds/" class="">work at McDonald’s</a>&nbsp;making $7 an hour. For me, it was simply a way to make money. But for the guy working next to me, it was a way to learn the business and one day open 100 franchises. The “why” is important. I didn’t know my “why,” so I was essentially wasting my time. My co-worker wasn’t.



You should constantly be asking yourself,&nbsp;How can I earn more money?&nbsp;It might mean asking for a raise, switching to a new job with a higher salary or taking on a side hustle. Be a money fanatic.



The acceptance of the idea that eight hours invested in your job is enough regardless of your financial position is a misunderstanding of epic proportions.



<a class="" href="https://grantcardone.com/">Grant Cardone</a> is the best-selling author of <a class="" href="https://www.amazon.com/10X-Rule-Difference-Between-Success/dp/0470627603">“The 10X Rule”</a> and CEO of seven privately held companies. He also travels the world consulting Fortune 500 companies, small business owners, startups and governments on business expansion. In 2017, he was included in Forbes’ list of 25 Marketing Influencers to Watch. Follow him on LinkedIn <a class="" href="https://www.linkedin.com/in/grantcardone/">here</a>. 



This article first appeared on CNBC  <a href="https://www.cnbc.com/2019/06/04/waking-up-super-early-wont-make-you-more-successful-but-science-says-these-5-things-will.html">https://www.cnbc.com/2019/06/04/waking-up-super-early-wont-make-you-more-successful-but-science-says-these-5-things-will.html</a> and is republished with its permission.

South Africa's Quantum Foods warns of 38% drop in first-half profit

South Africa’s Quantum Foods warns of 38% drop in first-half profit. budget_shutterstock_249974521

61-year-old self-made millionaire: 4 things I regret wasting money and time on in my 20s

By <a href="https://www.cnbc.com/kathleen-elkins/">Kathleen Elkins</a> 



Investing is one of the most effective ways&nbsp;<a href="https://www.cnbc.com/2018/12/19/early-retiree-chris-reining-quit-saving-your-money-and-put-it-to-work.html" class="">to build wealth</a>. Some experts even say that&nbsp;<a href="https://www.cnbc.com/2019/02/26/ramit-sethi-saving-isnt-the-key-to-building-wealth.html" class="">the only way to “truly grow” your money</a>&nbsp;is to put it to work.



If you have an extra $500 to $1,000 and are ready to dip your toe into the markets, “you should put your money in just one thing: the S&amp;P 500,” certified financial planner&nbsp;<a href="https://creativeplanning.com/peter-mallouk/" class="">Peter Mallouk</a>&nbsp;tells&nbsp;<a href="https://www.cnbc.com/make-it/" class="">CNBC Make It</a>.



The S&amp;P 500 index fund holds 500 of the largest companies in the U.S., from Google to Disney to ExxonMobil. It allows you to take advantage of the success of major corporations without the risks associated with buying individual stocks.



“It’s the lowest cost investment that exists,” says Mallouk, who is the president of wealth management firm Creative Planning. “You can buy it at a discount custodian, like a TD Ameritrade, Fidelity or Charles Schwab, where the trading fees are exceptionally low. And with those 500 stocks, you now own about 80% of the market capitalization of the entire United States.” In other words, an S&amp;P 500 fund covers about 80% of the U.S. stock market, so it’s an easy and affordable way for investors to capture core U.S. stock market performance.



Plus, “you have global exposure,” Mallouk says, “because these companies get a lot of their earnings overseas: McDonald’s has shops in China, and Walmart has locations in Europe. So you wind up with a low cost, diversified portfolio that’s invested in the global economy.”



Chairman and CEO of Berkshire Hathaway Warren Buffett agrees with Mallouk’s recommendation.



“It has been a tough time to beat the S&amp;P,”&nbsp;<a href="https://www.cnbc.com/2019/04/25/buffett-says-investors-would-be-served-equally-well-by-sp-or-berkshire.html" class="">he told CNBC earlier this year</a>, adding: “I think it’s the best investment — because most people don’t know how to pick stocks. And, most of the time I don’t know how to pick stocks.”



<a href="https://www.cnbc.com/2017/11/09/mark-cuban-index-funds-are-the-best-way-to-invest-your-money.html" class="">Mark Cuban also champions index funds</a>: In a 2017 interview with Hayman Capital Management founder Kyle Bass, the business titan&nbsp;<a href="https://www.marketwatch.com/story/mark-cuban-tells-kyle-bass-ai-will-change-everything-weighs-in-on-bitcoin-2017-11-04" class="">said</a>that if you don’t know much about markets, the best way to invest your money is to put it in a cheap S&amp;P 500 fund.



At the end of the day, an extra $1,000, if managed correctly, can go a long way, Mallouk says: “If you put $1,000 in the S&amp;P a little over 10 years ago, today, you’d have more than $3,000. Even if we go back before the 2008 crisis — if we go back 11 years — still, you’d have more than tripled your money.”



This article first appeared on CNBC  <a href="https://www.cnbc.com/2019/06/03/wealth-manager-invest-your-money-in-the-sp-500.html">https://www.cnbc.com/2019/06/03/wealth-manager-invest-your-money-in-the-sp-500.html</a> and is republished with its permission.

The smartest way to invest your first $1,000, according to a wealth manager

By <a href="https://www.cnbc.com/emmie-martin/">Emmie Martin</a> 



The stock market&nbsp;<a href="https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html" class="">dropped sharply Monday</a>, following comments from President Donald Trump that the U.S. will increase tariffs on goods imported from China. But although Berkshire Hathaway CEO Warren Buffett says that an escalation of the U.S.-China trade dispute&nbsp;<a href="https://www.cnbc.com/2019/05/06/warren-buffett-if-we-have-a-trade-war-it-could-be-very-bad-for-the-whole-world.html" class="">&nbsp;“would be bad for the whole world,”</a>&nbsp;he doesn’t plan to change his investing practices based on the news. No matter what happens, “we will buy the same stocks today that we were buying last week,” he told CNBC’s Becky Quick during an interview Monday on&nbsp;<a href="https://www.cnbc.com/squawk-box-us/" class="">“Squawk Box.”</a>



“The cheaper they get, the more I buy,” Buffett said. “I’m not buying them because I think they’re going to go up the next day or the next week. We watch the prices of things we do more than current events.”



That’s because Buffett prefers to invest in companies that he believes will&nbsp;<a href="https://www.cnbc.com/2018/05/04/warren-buffett-invests-for-the-long-term.html" class="">hold their value for the long term</a>. “In the end, we aren’t buying them because of what’s going to happen next month or next quarter,” he explains. “We’re really buying them because we think they’ll be good business 10 years down.”



Regardless of the tariff situation, “if somebody came to us with a good business today, we’d buy it,” Buffett says.



Buffett decides a company is worth investing in because it will last, not because it’s doing well right now. He purchased See’s Candies with longtime business partner Charlie Munger in 1972 and spent&nbsp;<a href="https://www.cnbc.com/id/19851070" class="">more than $1 billion on Coca-Cola stock</a>&nbsp;in 1988 — both of which turned out to be good bets and both of which he still owns today.



“Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value,” Buffett wrote&nbsp;<a href="http://www.berkshirehathaway.com/letters/1996.html" class="">in his 1996 letter to shareholders.</a>&nbsp;“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”



Even when the legendary investor gets bad news about a company he’s invested in, he doesn’t immediately sell his stock. “The stock market is not there to instruct me, it’s there to serve me,” Buffett told Quick during an interview on “Squawk Box” in February.



The topic arose when Quick asked Buffett a viewer’s question about Kraft Heinz. A few days before their conversation, Kraft Heinz, one of Berkshire Hathaway’s largest holdings, had missed on its <a class="" href="https://www.cnbc.com/2019/02/21/kraft-heinz-tanks-after-disclosing-it-was-subpoenaed-by-sec-over-accounting-policies.html">earnings expectations and disclosed that it had received a subpoena</a> from the SEC. After that news broke, the company’s stock plunged 30% and Berkshire Hathaway’s stake <a class="" href="https://www.cnbc.com/2019/02/23/warren-buffett-spun-riches-out-of-chocolate-was-burned-by-kraft-heinz.html">dropped in value by more than $4 billion</a>.



But although Buffett has admitted that&nbsp;<a href="https://www.cnbc.com/2019/02/25/buffett-says-berkshire-hathaway-overpaid-for-kraft-following-last-weeks-stock-plunge.html" class="">“we overpaid for Kraft,”</a>&nbsp;he told Quick he had no plans to sell his stake. His practice is to keep his focus on, and evaluate, the company overall. “If there’s bad news and the stock goes down, the question I have is: Is the long-term valuation changed?” he says.



It’s possible to recover from a setback. The key thing, according to Buffett in February, is “you gotta make sure that it’s still a fundamentally good business.”



As Buffett told Quick on Monday, “If you think about stocks as businesses that you own little pieces of, why in the world should you sell it based on headlines of any sort?”



“If you expect that business to be a good business over 10 years, its nonsense to get feeling good or bad about what stock prices do in a day,” he added.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/05/06/warren-buffett-doesnt-pay-attention-to-the-news-when-he-invests.html">https://www.cnbc.com/2019/05/06/warren-buffett-doesnt-pay-attention-to-the-news-when-he-invests.html</a> and is republished with its permission.

What Billionaire Warren Buffett pays attention to when investing instead of ‘current events’

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In 2018, United States Agency for International Development launched a 5 year project ‘Nguriza Nshore’ that loosely translates as &#8220;Lend so I may invest&#8221; to help small and medium firms in Rwanda raise the much needed capital as to scale their investment in the agricultural sector. CNBC Africa&#8217;s Michael Mugisha sat down with the U.S. Ambassador to Rwanda Peter Vrooman, for a better understanding of this project.

U.S. Ambassador to Rwanda gives update on the ‘Nguriza Nshore’ project

By <a href="https://www.cnbc.com/sarah-berger/">Sarah Berger</a> 



The benefits of getting quality sleep are well-known and touted by moguls from&nbsp;<a href="https://www.cnbc.com/2017/04/21/why-jeff-bezos-makes-getting-8-hours-of-sleep-a-top-priority.html" class="">Jeff Bezos</a>&nbsp;to&nbsp;<a href="https://www.cnbc.com/2018/06/22/what-time-successful-people-to-go-bed.html" class="">Richard Branson</a>. And on Sunday’s episode of “Shark Tank” on ABC, Mark Cuban — who is&nbsp;<a href="https://www.cnbc.com/2019/03/19/mark-cuban-on-longevity-aging-and-what-he-does-to-stay-healthy.html" class="">interested in health and wellness</a>&nbsp;— was so impressed by an invention to help improve sleep, he invested half a million dollars.



The main purpose of the&nbsp;lightweight, breathable Somnifix mouth strips founder Nicholas Michalak pitched to the Sharks is to reduce or eliminate snoring and mouth-breathing at night. (The hypoallergenic adhesive strips are applied over the mouth and cause you to breathe through your nose, though there is a vent in case mouth-breathing is necessary.)



And that’s no small market: About 40 percent of adult men and 24 percent of adult women&nbsp;<a href="http://sleepeducation.org/essentials-in-sleep/snoring/overview-and-facts" class="">are habitual snorers</a>, which&nbsp;<a href="https://www.psychologytoday.com/us/blog/the-squeaky-wheel/201109/is-snoring-harming-your-marriage" class="">can take a toll</a>&nbsp;on relationships with sleeping partners and also cause a litany of&nbsp;<a href="https://www.webmd.com/sleep-disorders/snoring-basics" class="">health issues</a>. Plus, the strips are beneficial to non-snorers too, because nose-breathing has benefits like helping to achieve a deeper sleep,&nbsp;<a href="https://somnifix.com/pages/benefits" class="">according to the company</a>.



Cuban is especially impressed that Michalak and his family invested $1.4 million in the business, including running clinical studies of the product at Harvard Medical School.



“Good for you for doing that,” Cuban says. “Most companies won’t invest that, and they’ll just wing it.”



Michalak — who is seeking $500,000 in exchange for a 10 percent stake — also notes that Somnifix has nine granted patents and intellectual property protection in over 70 countries.



But Barbara Corcoran isn’t sold, and actually sees spending that much money on the product as a negative.



“Nick, I think you spent about twice as much money then you needed to to get this off the ground,” Corcoran says. “That always causes concern for me, in terms of financial judgement.”



She’s out, as are Daymond John (who says it isn’t for him), Lori Greiner (who is unsure of how the market will respond to the product) and Kevin O’Leary (who says the company doesn’t align with the other investments in his portfolio).



That leaves Dallas Mavericks owner Cuban, who asks whether a sports version of the strips is a possibility. Michalak agrees that proper breathing is important for performance and says the company is already working on an adhesive that doesn’t dislodge when it comes into contact with liquid, like sweat.&nbsp;



There’s just on caveat for Cuban: The product’s marketing materials read, “Your nose is for breathing and your mouth is for eating,” which “sucks,” according to Cuban. With Michalak willing to change the slogan, Cuban offers a non-negotiable $500,000 for 20 percent of the company and the deal is made.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/04/22/shark-tank-cuban-invested-six-figures-in-invention-to-stop-snoring.html">https://www.cnbc.com/2019/04/22/shark-tank-cuban-invested-six-figures-in-invention-to-stop-snoring.html</a> and is republished with its permission.

‘Shark Tank’: Why Billionaire Mark Cuban invested $500,000 in this invention that helps stop snoring

By <a href="https://www.cnbc.com/shawn-m-carter/">Shawn M. Carter</a> 



All eyes are on video-streaming giant Netflix, which faces new competition from&nbsp;<a href="https://www.cnbc.com/2019/04/15/what-a-1000-dollar-investment-in-disney-10-years-ago-would-be-worth-now.html" class="">Disney’s highly anticipated streaming platform,</a><a href="https://www.cnbc.com/2019/04/11/disney-plus-will-be-available-starting-november-12-for-6point99-a-month.html" class="">Disney+,</a>&nbsp;as it reported its<a href="https://www.cnbc.com/2019/04/16/netflix-reports-earnings-tuesday-after-the-bell.html" class="">&nbsp;first-quarter earnings</a>&nbsp;Tuesday.



Its stock fell more than 1% in after-hours trading, after closing with a&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=NFLX&amp;amp;qsearchterm=netfli" class="">share price around $360</a>.



Still, investing&nbsp;<a href="https://www.nytimes.com/2007/01/16/technology/16netflix.html" class="">in early 2007</a>,&nbsp;<a href="https://media.netflix.com/en/about-netflix" class="">when Netflix first began streaming</a>, would have proved to be a good bet. A $1,000 investment made on Jan. 15, 2007, would be worth more than $110,000 as of midday April 16, 2019, according to CNBC calculations, fora total return of about 10,000%. Over the same period, the S&amp;P 500 was up just over 100%.



While the company’s stock took a slight dip after hours Tuesday, following its earnings release, it reported quarterly revenue that beat estimates and&nbsp;<a href="https://www.cnbc.com/2019/04/16/netflix-reports-earnings-tuesday-after-the-bell.html" class="">shares are up more than 34 percent</a>&nbsp;as of Tuesday’s close.



Many investors relayed optimistic messages early this week. In a note, analysts at banking firm KeyBanc <a class="" href="https://www.cnbc.com/2019/04/16/netflix-reports-earnings-tuesday-after-the-bell.html">seemed skeptical that new streaming competition could pose a significant threat</a>.



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/NFLX_chart-4.1555438177659.jpeg" alt="" class="wp-image-334850"/></figure>



CNBC: Netflix stock as of April 16, 2019



“While other services may carve out valuable add-on positions, we do not expect the launch of new services from Apple, Disney, AT&amp;T, or others to meaningfully impact Netflix,” they said. “We continue to view Netflix’s strategic positioning very favorably.”



Investment banking company Deutsche Bank&nbsp;<a href="https://www.cnbc.com/2019/04/16/deutsche-bank-buy-netflix-as-it-becomes-a-global-cultural-necessity.html" class="">raised its rating on Netflix shares from “hold” to “buy”</a>&nbsp;early Tuesday, saying the service is becoming more like a “platform” every day.



“Platform status brings network effects not available to peers and competitors,” analyst Bryan Kraft wrote in a note. “Specifically, this is making Netflix even more of a go-to destination when consumers want to watch something, and it means having Netflix is becoming more of a cultural necessity for people around the world. It also&nbsp;<a href="https://www.cnbc.com/2017/10/16/netflix-earnings-how-much-is-netflix-spending-on-content.html" class="">makes Netflix a magnet for talent</a>. ”



That means “consumers stay captive within the Netflix walled garden for significant amounts of time,” Kraft added. “Aside from pay TV, which is losing audience share, there are no other competing platforms that approach Netflix’s reach.”



Netflix had a&nbsp;<a href="https://www.cnbc.com/2019/02/13/netflix-will-double-subscribers-in-10-years-to-335-million-credit-suisse.html" class="">whopping 148 million total subscribers as of February</a>, and some analysts predict that number will grow to 335 million by 2028. By comparison, Disney+, which will&nbsp;<a href="https://www.cnbc.com/2019/04/11/disney-plus-will-be-available-starting-november-12-for-6point99-a-month.html" class="">officially start streaming mid-November</a>, expects&nbsp;<a href="https://www.cnbc.com/2019/04/12/disney-shares-are-surging-but-some-analysts-are-not-sold-on-the-streaming-service.html" class="">to reach 60 million to 90 million subscribers</a>&nbsp;by 2024.



While Netflix’s stock has shot up recently and has mostly done well over the years, though, any individual stock can <a class="" href="https://www.cnbc.com/2017/11/30/how-amazon-became-one-of-warren-buffetts-biggest-investment-regrets.html">over- or underperform</a> and <a class="" href="https://www.cnbc.com/2018/04/03/avoid-these-4-investing-mistakes.html">past returns do not predict future results</a>.



Not everyone is sanguine about the company’s prospects. While many believe Netflix’s platform won’t see major disruption thanks to Disney+,&nbsp;<a href="https://www.cnbc.com/2019/04/15/netflix-shares-look-risky-ahead-of-earnings-warns-technician.html" class="">shares fell a little more than 1%</a>&nbsp;following Disney’s announcement.



The “action obviously has nothing to do with anything other than a big competitor joining the ring, but what’s important here about Netflix is how poorly it’s been acting over the past one, two, three months and more,” analyst Carter Worth said on&nbsp;<a href="https://www.cnbc.com/options-action/" class="">CNBC’s “Options Action.”</a>



Worth, chief market technician at market research company Cornerstone Macro, acknowledged that Netflix’s stock is “one of the great winners of all time,” but added, “I think it’s risky to go into earnings long, at least full long. I’d reduce or buy puts or some other strategy to protect oneself.”



Disney+ will also be more affordable to consumers than Netflix, which&nbsp;<a href="https://grow.acorns.com/netflix-subscription-price-increase/?gsi=611kqv" class="">recently raised its prices</a>. Disney+ will start at $6.99 a month or around $70 a year for popular content such as the “Star Wars” franchise, as well as the original content it is spending heavily to produce. Netflix, which aimed to&nbsp;<a href="https://www.cnbc.com/2017/10/16/netflix-earnings-how-much-is-netflix-spending-on-content.html" class="">spend up to $8 billion on content last year</a>&nbsp;— including on original content — is priced at $13 per month for its standard plan.



Netflix also faces competition from streaming services by Amazon and Apple. However, some analysts at bank-holding company SunTrust say more streaming options could be a positive,&nbsp;<a href="https://www.cnbc.com/2019/04/12/netflix-is-falling-on-concerns-of-competition-from-disney.html" class="">causing consumers to “accelerate cord-cutting”</a>&nbsp;and focus on their favorites.



If you’re <a class="" href="https://www.cnbc.com/2018/10/11/when-the-stock-market-tank-dont-do-these-3-things.html">looking to get into investing</a>, seasoned investors such as Warren Buffett <a class="" href="https://www.cnbc.com/2017/05/17/warren-buffett-and-tony-robbins-agree-on-the-best-way-to-invest-your-money.html">suggest you start with index funds</a>, which hold every stock in an index, meaning they’re automatically diversified and tend to be low cost. Plus, because they fluctuate with the market, they’re typically less risky than picking individual stocks.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/04/16/what-a-1000-dollar-investment-in-netflix-in-2007-would-be-worth-now.html">https://www.cnbc.com/2019/04/16/what-a-1000-dollar-investment-in-netflix-in-2007-would-be-worth-now.html</a> and is republished with its permission.

If you invested $1,000 in Netflix in 2007, here’s how much you’d have now

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Rwanda&#8217;s investment in sports infrastructure and talent development manifests the country&#8217;s mega plan to uplift sports countrywide. It&#8217;s quite evident from the completion of the Gahanga Cricket stadium at a cost of $1.3 million to the new kid on the block, the Kigali Arena, a 10,000 capacity multi-sport arena in the heart of Kigali. Joining CNBC Africa for a better analysis on all of this is, Sports Analyst and Radio Host Arnold Kwizera.

Kigali looks to emerge as the next great sports city

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It is estimated that Africa will need at least $25 billion in investments to meet healthcare demands. Experts believe that this and other efforts aiming to transform healthcare on the continent will hardly be achieved if the private sector is not involved. For more CNBC Africa is joined by Dr. Amit Thakker, Chairman of Africa Health Business.

Private sector urged to invest in health sector to achieve UHC in Africa

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Africans need to stop looking at putting money into healthcare as a cost and start looking at it as an investment. This is according to Halima Dangote, Executive Director of the Aliko Dangote Foundation who spoke to CNBC Africa&#8217;s Wole Famurewa on the side-lines of the just concluded African Union Summit in Addis Ababa.

Healthcare is not a cost it’s an investment – Halima Dangote

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United Capital says the investment case for Nigeria in 2019 remains compelling, despite poor sentiments for naira assets in 2018 and election uncertainties among other concerns. Wale Olusi, Sub-Saharan Macro and Consumer Analyst at United Capital join CNBC Africa to discuss this.

Investment case for Nigeria in 2019

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Pan-African telecoms group Liquid Telecom is investing 400 million dollars in data centres and network infrastructure in Egypt over the next three years, as part of a major partnership with Telecom Egypt. The investment was announced at the Africa 2018 forum. While speaking about the signing, Strive Masiyiwa, Founder and Group Executive Chairman of Liquid Telecom’s parent company Econet Wireless, described Egypt as a very exciting market.

Liquid Telecom to invest $400mn in Egypt

<a href="https://theconversation.com/profiles/tolu-olarewaju-405190">By Tolu Olarewaju</a>, <a href="http://theconversation.com/institutions/staffordshire-university-1381">Staffordshire University</a>
Two of the largest banking and financial services institutions in the world, HSBC and UBS, have <a href="https://www.bloomberg.com/news/articles/2018-11-03/hsbc-ubs-shut-nigeria-offices-as-foreign-investment-declines">recently closed their local representative offices</a> in Nigeria.
There’s also trouble brewing elsewhere in Nigeria’s business world that’s prompted fears about the climate for foreign direct investment in the country. Foreign direct investment is an investment made by a firm or individual in one country into business interests located in another country.
For instance, Nigeria’s government in September <a href="https://www.bloomberg.com/news/articles/2018-09-17/nigeria-fires-back-at-hsbc-after-bank-criticizes-president">accused HSBC of money laundering</a> after an analyst working for the lender said a second term for President Muhammadu Buhari <a href="http://dailypost.ng/2018/09/11/2019-second-term-buhari-will-nigerias-economy-hsbc/">may stall economic recovery </a> in Africa’s biggest oil producer.
There are also tensions between Nigeria’s central bank and the South African telecom company MTN. In 2015, MTN was <a href="https://www.bbc.co.uk/news/world-africa-45424537">fined about $5bn</a> for failing to cut off unregistered SIM cards. This was later reduced to $1.7 billion after a long legal dispute and the intervention of South Africa’s then President Jacob Zuma.
Recently, the central bank has <a href="https://www.bloomberg.com/news/articles/2018-08-29/nigeria-orders-mtn-banks-to-refund-8-billion-exported-funds">ordered MTN to repatriate $8 billion</a> it said has been taken out of the country illegally.
Analysts are <a href="https://nextedition.com.ng/2018/11/09/analysis-hsbc-ubs-left-nigeria/">concerned</a> that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors. Their fears seem to be well founded: foreign direct investment in Nigeria <a href="https://tradingeconomics.com/nigeria/foreign-direct-investment">fell to</a> <a href="https://www.ceicdata.com/en/indicator/nigeria/foreign-direct-investment">$1 billion in the first half of 2018, from $1.48 billion in the first half of 2017</a>.
Foreign direct investment is crucial for any economy. So how can Nigeria attract and keep the right kind of investment from global companies? Compromise will be key, both for the government and foreign firms.
<h2>Why foreign direct investment?</h2>
Foreign direct investment is often preferred to exporting. That’s because while exports merely involve moving goods from one country to another, foreign direct investment actually involves an investor establishing foreign business operations or acquiring foreign business assets.
This often includes establishing ownership or controlling interest in a foreign country (for instance an American business establishing a physical business presence in Nigeria). Many emerging economies like China, Brazil, Vietnam and India have <a href="https://www.industryweek.com/leadership/top-10-countries-receiving-foreign-direct-investment/gallery?slide=1">built their growth on FDI flows</a>.
The trick is to attract “quality foreign direct investment” that links foreign investors into the local host country economy. The International Growth Centre, a <a href="https://www.gov.uk/government/organisations/department-for-international-development">British-funded</a> research centre that aims to promote sustainable growth in developing countries, <a href="https://www.theigc.org/blog/attracting-quality-foreign-direct-investment-developing-countries/">characterises</a> “quality” here as contributing to:
<ul>
<li>decent and value-adding jobs and enhancing the skill base of host economies;</li>
<li>transfer of technology, knowledge and know-how;</li>
<li>boosting competitiveness of domestic firms and enabling their access to markets.</li>
</ul>
<h2>What Nigeria can do</h2>
There are a few things Nigeria can do to boost foreign direct investment. For starters, it must play fair. Foreign and domestic businesses should be treated equally. They should be open, transparent and dependable conditions for all kinds of firms.
Another area that needs attention is infrastructure. Businesses need easy access to ports, an adequate and reliable supply of energy and relative certainty that the country will be good to invest in. Good institutions <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-9701.2006.00758.x">also promote FDI</a>.
The government should encourage partnerships between foreign and local businesses. Foreign firms might be familiar with global good business practices, but local firms will be more familiar with the indigenous context. This synergy could be very beneficial.
It’s also critical that Nigeria gets its regional governments involved: there are many regions in Nigeria, and these regions all have unique opportunities and challenges. <a href="https://journals.aom.org/doi/abs/10.5465/AMBPP.2018.11006abstract">Our latest research</a> shows that when the central government of Nigeria ran out of ideas and foreigners wanted to exit the agricultural sector, the regional government of Kwara state stepped in to create a positive business climate based on the cooperation of local banks, community members, and the foreigners themselves culminating in the <a href="https://www.dailytrust.com.ng/learning-commercial-farming-through-shonga-farmss-approach.html">Shonga farms</a> public-private venture.
This has kept the firm in Nigeria. It’s also brought private investors to the table, bolstering the firm and the local economy.
Nigeria should also tap into its huge <a href="https://www.bbc.co.uk/news/av/business-37727761/how-can-investors-tap-in-to-nigeria-s-diaspora">diaspora</a>. There are many Nigerians living outside the country who understand its challenges. They should be encouraged to help, or asked to work with their networks to invest in the country.
<h2>What foreign firms can do</h2>
Foreign firms also have a role to play. They can enhance their success in Nigeria (and elsewhere on the African continent) in several ways.
First, they need a long term strategic plan. This means thinking carefully about what sectors or activities to target. Many foreign firms come to developing countries when things are rosy but leave when conditions change. They don’t properly consider that solving such problems will gain them a competitive advantage in the long run.
If they stay and follow a learning curve, foreign firms will better understand the local business context. They’ll also gain credibility among ordinary people and possibly get more customers and support that way.
In the same vein, foreign businesses should create local solutions that meet ordinary people’s needs. The banks leaving Nigeria have <a href="https://www.vanguardngr.com/2018/11/breaking-hsbc-ubs-close-their-offices-in-nigeria/">been accused</a> of only catering to the needs of wealthy Nigerians, who are <a href="https://www.aljazeera.com/business/2010/10/201010116251929702.html">perceived as corrupt</a>. A more diverse portfolio that catered to the needs of ordinary Nigerians would have nullified this claim.
Foreign firms must also work closely with credible and strategic local firms, and be willing to enter into dialogue with the Nigerian government where necessary. This is crucial especially as administrations may change or government policy may evolve. Dialogue could ensure that all parties are on the same page.
<h2>Act local, think global</h2>
It’s unfortunate that these banking institutions have decided to leave Nigeria. Hopefully both the Nigerian government and other foreign investors can learn from this.
The main takeaway for both foreign investors and governments involved in foreign direct investment is that it would be prudent for all parties to act locally but think globally.<img loading="lazy" decoding="async" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;" src="https://counter.theconversation.com/content/107611/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" />
<a href="https://theconversation.com/profiles/tolu-olarewaju-405190">Tolu Olarewaju</a>, Lecturer in Economics, <a href="http://theconversation.com/institutions/staffordshire-university-1381">Staffordshire University</a>
This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/how-nigeria-can-attract-and-keep-the-right-kind-of-foreign-direct-investment-107611">original article</a>.

Here’s what Nigeria needs to boost foreign direct investment

JUBA (Reuters) &#8211; South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday.
South Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corporation (CNPC), Malaysia’s Petronas and India’s Oil and Natural Gas Corporation (ONGC Videsh).
The two ministers signed a memorandum of understanding which will also involve South Africa taking part in the exploration of several oil blocks, the ministers said.
“When this refinery is complete, it will have the capacity of producing 60,000 barrels of oil per day,” said Jeff Radebe, South Africa’s minister of energy.
Ezekiel Lol Gatkuoth, petroleum minister for South Sudan, said the deal also offers avenues for cooperation in the construction of a pipeline to serve fields located in the south of the country.
South Sudan exports its crude through another pipeline that goes to a port in neighbouring Sudan to the north.
“It is instrumental to have a new a pipeline,” Gatkuoth said.
Reporting by Denis Dumo; writing by Duncan Miriri; Editing bt Mark Potter and Jason Neely

South Africa is investing $1 bln in South Sudan’s oil sector, what you need to know

CAPE TOWN (Reuters) &#8211; BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday.
The 180,00 barrels per day SAPREF refinery, South Africa’s largest, is a 50:50 venture between Royal Dutch Shell and BPSA, a subsidiary of British oil major BP. The plant is located in the east coast city of Durban.
BP would invest 3.5 billion-4 billion rand ($252 million-$288 million) in the refinery upgrade, Chief Executive Priscillah Mabelane told Reuters, adding that about 40 percent of the total $1 billion investment would go on retail activities.
She said the upgrade would make “sure the refinery can meet the new specifications in terms of low sulphur and Marpol regulations.”
The plant would shut for maintenance from May to June 2019, she added.
The upgrade has been driven by new rules demanding a lower fuel sulphur content and changing customer preferences for cleaner diesel, such as D50 and D10.
Refinery operators have been in long-running talks with government on how to recover costs from upgrading work needed to produce cleaner fuel in South Africa, the continent’s most industrialised economy.
“From an industry perspective we are pushing very hard to ensure that there is policy clarity because we have been on this journey very long, almost a decade,” Mabelane said about the ongoing talks.
Industry players estimated in 2009 that the cost to upgrade to cleaner fuels would be about $4 billion.
Other operators in the sector include Total and Sasol.
Besides upgrading the refinery, Mabelane said BPSA would expand its retail activities in South Africa.
“We are aggressively going to grow our footprint in the country,” she said on the sidelines of an event with retailer partner Pick n Pay to launch a new innovation for a loyalty card that will also work at BP fuel stations nationwide.
BP was looking at opportunities to expand its services in Mozambique, where it is the second largest oil company, Mabelane said. “The market is exciting and dynamic,” she said.
($1 = 13.8783 rand)
Reporting by Wendell Roelf; Editing by James Macharia and Edmund Blair

What you need to know about BP’s plans to invest $1 bln in South Africa

By Eric Streso, Certified Financial Planner, FPI.
21 November 2018; “Clients often ask me when they should invest offshore and I tell them now is the time, why wait until the next financial setback reduces your potential investment capital further,” says Eric Streso, a top-flight financial consultant, with more than 20 years’ experience in financial planning.
“South Africa is a relatively small financial market and, with the ability to invest up to R1 million every calendar year, without a tax clearance certificate, the opportunities multiply internationally.
“Here are markets, sectors or even companies outside the JSE that represent a wealth of experience and prospects. Utilising South African advice and expertise, clients are able to discuss the portfolios with an expert, who then advises and creates investment opportunities in various markets. I find the personal touch alleviates the understandable anxiety of venturing into a new monetary space. I encourage clients to ask questions, review portfolios and generally understand the complexities of offshore investments, taxes and regulatory practices.
“Investing in funds that are registered in foreign currencies can protect your investments in a hard currency and, if you plan to use the money overseas without bringing it back to South Africa, can potentially protect you from political and economic downturns at home.
“Ideally, one should be looking at $30 000 as an investment, with an investment period of 5-8 years, otherwise the returns may not be as lucrative as desired. One must also take into account capital gains tax, if you wish to realise your investment and convert it back to Rands. However, again if the rand has depreciated over this period, your capital gain is likely to be lower on your offshore investment than it would have be on a rand-denominated fund,” concludes Streso.

OpEd: It’s a good time to invest offshore, here’s why

President Cyril Ramaphosa reported nearly R290 billion worth of investment pledges from local and international companies. PwC’s Strategy&amp; calculations suggest that this investment would add an estimated R338 billion to South Africa’s GDP over the 2019–2024 period, create or sustain an estimated 825 000 direct and indirect jobs (on average per year) and generate an estimated R59 billion in additional government revenue.
In addition, the investment would enable some R468.8 billion in potential production from 2025 to 2035. This production would, over the ten-year period, add an estimated R505 billion to South Africa’s GDP, create and/or sustain an estimated 116 000 direct and indirect jobs (on average per year) and generate an estimated R133 billion in government revenue.
On 16 April 2018, President Cyril Ramaphosa announced his five-year, US$100 billion investment drive in a bid to revive the South African economy. According to the president, his initiative is a response to the drop in total fixed investment in South Africa from 24% of GDP in 2008 to 19% of GDP in 2017, and foreign direct investment (FDI) inflows dropping 77% in rand terms over the same period 1.
Shortly after this announcement, President Ramaphosa began an international roadshow promoting trade and investment agreements with existing South African partners. A team of investment envoys was assembled to support the presidency, made up of former finance minister Trevor Manuel, former deputy finance minister Mcebisi Jonas, Afropulse executive chairperson Phumzile Langeni, and chairman of Liberty Group Jacko Maree. In addition, economist Trudi Makhaya was appointed as the president’s economic advisor.
Early results 
Initial investment pledges were made by the governments of the United Arab Emirates (US$10 billion), the Kingdom of Saudi Arabia (US$10 billion) and the Republic of China (US$14.7 billion)5.
In an announcement about the Presidential Investment Summit held in October, investment envoy, Jacko Maree supported the President’s benchmark vision of a 50/50 split between local and foreign investment to make up the projected $100 billion total sum6.
FDI is an important enabler of economic growth. For emerging market economies, foreign investment inflows are crucial for transferring money and expertise from multinational companies to local enterprises. Emerging markets also need FDI to help finance infrastructure deficits.
President Ramaphosa was cognisant of this when, as the deputy head of the National Planning Commission (NPC), he oversaw the formulation of the National Development Plan (NDP) 2030, published in 2012. The NDP aimed for total fixed investment to rise from below 20% of GDP at the start of the current decade to 30% of GDP by 2030.
The NDP also planned for public sector investment to account for 10% of GDP by 2030. In 2017, total fixed investment was recorded at 19% of GDP, with around 80% of the investment coming from the private sector.9
In other words, both the overall investment target as well as the public investment target have not been met.
This is indicative of the fact that the South African economy needs significant investment stimulus.
Outcomes of the Investment Conference 
The key sectors targeted by the summit were: 
• Agriculture and agro-processing; 
• Mining and minerals beneficiation; 
Heavy manufacturing; 
• Water and transport infrastructure; 
• Energy; 
• Information, communication and technology; 
• Manufacturing; 
• Tourism, business process outsourcing, and film; and 
• Venture capital. 
During his final address to the summit, President Ramaphosa declared that during the course of the day “nearly R290 billion” had been pledged by both local and international companies seeking to participate in the President’s five-year plan.
Unemployment remains one of government’s core concerns. In August 2018 , President Ramaphosa declared the urgency “to develop and implement a stimulus package to ignite growth that will lead to the creation of jobs, especially for young people and women”.10 To this end, some of the investment pledges also specify job creation targets, including those by Sumitomo Rubber, Anglo America and McDonald’s.
Estimated economic impact of the promised investment
The R284.6 billion of investment pledged is expected to support long-term economic benefits for South Africa, including stronger real GDP growth, the creation of jobs and generation of additional tax revenue.
We estimate the potential economic activity over the next five years 
resulting from this investment will include:
• An estimated R338 billion added to GDP; 
• Creating and/or sustaining an estimated 165 000 direct and indirect 
jobs, on average, per year; and 
• An estimated R59 billion added to total government revenue, through 
both the collection of direct and indirect taxes.
These estimated economic impacts are only associated with the investment spending between 2019 and 2024.
Long-term economic contributions will be created by the additional production in the various sectors, once the investment phase is complete.
We estimate some R468.8 billion in potential production from 2025 to 2035 due to linkages. Our calculations show that the above-mentioned production would potentially contribute the following impacts over a ten year period: 
• R505 billion added to GDP; 
• Creating and/or sustaining an estimated 116 000 direct and indirect 
jobs, on average per year; and 
• R133 billion added to total government revenue.
When considering the economic impact results for each of the sectors, we see that the sector with the largest investment does not necessarily generate the largest long-term economic contributions: 
• The largest investment is captured within the mining sector; 
• Investment in the rubber sector generates the largest GDP multiplier 
effect; 
• In terms of the jobs created and tax revenue generated through the investment, the food sector has the largest job and tax multipliers; and 
• The sector that generates the largest production from the investment is the transport equipment sector. This sector will also generate the most long-term economic benefit across all three performance indicators (GDP, employment and tax).
From our analysis, we see that the continued investment in South Africa would assist in reducing unemployment, poverty and improve people’s lives, which, in turn, would also support long-term economic growth.
This aligns with President Ramaphosa’s State of the Nation Address (SONA) 2018 in which he promised to use investment, among other levers, to address the country’s challenges of poverty and inequality.
However, this analysis is based on the assumption that all investment pledges, amounting to R284.6 billion, are translated into real investments, as the estimated economic contributions will be proportionate to the investment made. The challenge for South Africa is to ensure that the already-listed factors that influence investment are 
addressed. Investment pledges will only translate into actual investments if a supportive business environment, policy certainty and political stability are in place. These too were pledges of SONA 2018.
The well-attended Investment Summit was a showcase of South Africa’s attributes, and a place of conversation about how the country had progressed over the preceding eight months on the policy and political front. The R284.6 billion in investment pledges assessed here are testament to the perceived improvement in the local investment climate and the optimism around South Africa heading into 2019.
Provided by PWC

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Estimating the potential economic impact of investment pledges made at the South Africa Investment Conference

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investment

Op-Ed: Shaping the Africa of the future

61-year-old self-made millionaire: 4 things I regret wasting money and time on in my 20s

The smartest way to invest your first $1,000, according to a wealth manager

What Billionaire Warren Buffett pays attention to when investing instead of ‘current events’

U.S. Ambassador to Rwanda gives update on the ‘Nguriza Nshore’ project

‘Shark Tank’: Why Billionaire Mark Cuban invested $500,000 in this invention that helps stop snoring

If you invested $1,000 in Netflix in 2007, here’s how much you’d have now

Kigali looks to emerge as the next great sports city

Private sector urged to invest in health sector to achieve UHC in Africa

Healthcare is not a cost it’s an investment – Halima Dangote

Investment case for Nigeria in 2019

Liquid Telecom to invest $400mn in Egypt

Here’s what Nigeria needs to boost foreign direct investment

South Africa is investing $1 bln in South Sudan’s oil sector, what you need to know

What you need to know about BP’s plans to invest $1 bln in South Africa

OpEd: It’s a good time to invest offshore, here’s why

Estimating the potential economic impact of investment pledges made at the South Africa Investment Conference

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