Africa Forges New Billionaires

Private wealth in Africa continues to gain momentum. According to Forbes, there are now 23 billionaires on the continent. Eight of them reside in South Africa, six in Egypt. The overall number increased by two over the course of 2017. In context, the number of billionaires in Africa  More ►

Cybersecurity is the New Deal Metric

The intersection between cybersecurity and medical technology is the pacemaker, at least this week. The Food and Drug Administration has forced NYSE-traded Abbott Laboratories to recall some 465,000 pacemakers due to software vulnerabilities. It seems that the black hat across town could actually change  More ►

Beijing Closes Cash Spigot

China is now a less hospitable destination, at least for certain dealmakers. Ernst & Young estimates that Chinese outbound investment is set to reach $100 billion in 2017, representing a sharp decline from the $183 billion seen last year. Beijing blames this decline in part on growing hostility  More ►

Emperor Drinks Fruit Juice

Hans Christian Andersen published The Emperor’s New Clothes in 1837 as a fairy tale for children. The story can now be recast for entrepreneurs and venture capitalists. San Francisco-based Juicero, after all, built an entire company around a $400 high-tech juice machine. But Bloomberg  More ►