Stories by Aubrey Hruby

Expert Voices

New NBA league marks growing U.S. influence in African culture markets

Satou Diop dribbles the ball as she takes part in an NBA Academy Africa basketball camp at Maurice Ndiaye Stadium in Dakar on May 11, 2018.
An NBA Academy Africa basketball camp at Maurice Ndiaye Stadium, in Dakar, Senegal, May 11, 2018. Photo: Seyllou/AFP via Getty Images

The NBA announced last month that it would launch the Basketball African League (BAL), marking another advancement for U.S. commercial influence in African markets.

Why it matters: China's development of large infrastructure projects in Africa is often cited as evidence of the country's dominance in its economic rivalry with the U.S. But the U.S. continues to make gains in the creative industries on the continent, as entertainment, media and sports are becoming more important to Africa’s young, urban and increasingly connected population.

Expert Voices

Global private equity giants are retreating from African investment

The private equity firm Blackstone recently announced that it's in the process of selling its Africa-focused subsidiary, Black Rhino Group, back to management. The decision reflects another lackluster year for African PE, which has seen little growth since the 2014- 2015 fundraising boom that brought many firms into the market.

Expert Voices

Reform programs set Angola on the road to economic recovery

Given the recent the Al-Shabab terror attack in Kenya, the ongoing unrest in Zimbabwe, and upcoming elections in Africa’s two largest economies, investors are taking pause when looking at the region. But Angola is standing out as a bright spot, where, after years of economic downturn, a 2019 recovery has come into view.

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