Editor profile

Michael Sterling

Chief Editor, Capital Markets & FDI

Michael Sterling oversees global capital flows and foreign direct investment (FDI) trends across Africa. He specializes in analyzing macroeconomic stability and investment policy frameworks.

michael.sterling@africafdi.org

Bylined articles

Emerging Markets Africa

Retail’s “Leapfrogging”: How Global Capital Is Repricing Africa’s Consumer Market

Kearney's 2023 Global Retail Development Index lists "demographics, technology, and regulation" as the three drivers of retail growth in developing countries. For Africa, this means the consumer market is shifting from an income-driven track to an infrastructure-type track that can be standardized and priced by capital.

Michael Sterling7 min read
Emerging Markets Africa

Kearney releases its 2023 Global Retail Development Index, as the African retail market stands on the eve of capital revaluation.

The Kearney GRDI 2023, a global barometer for retail investment, has been released. Will the African market become the new focus of capital? This article analyzes the structural factors that make the African retail market attractive to long-term capital from the perspectives of capital sources, investment logic, and long-term trends.

Michael Sterling5 min read
Investment Africa

2024年非洲FDI创纪录970亿美元:资本流向的结构性转向

According to the latest UNCTAD data, FDI inflows to Africa hit a record $97 billion in 2024, a 75% increase year-on-year. However, structural divergences remain pronounced: North Africa leads, renewable energy is a highlight, and greenfield investment is contracting. This article analyzes the new landscape of African capital flows from the perspectives of capital sources, investment logic, and long-term trends.

Michael Sterling4 min read
Trade Corridors

AfCFTA Seven Years: The Capital Paradox of Intra-African Trade

Namibia's first AfCFTA salt shipment reveals a contradiction: Africa has advanced continental free trade at the institutional level, but the actual flows of capital and trade remain locked in by external dependence, infrastructure deficits, and political inertia. This article dissects the current state and prospects of the AfCFTA from the perspective of capital flows.

Michael Sterling4 min read
Investment Africa

Reshaping Africa's Mining Finance Landscape: Multilateral Capital Influx into Critical Mineral Corridors

Africa Mining Week 2026 brings together major financiers such as AFC, DFC, and Standard Bank, reflecting a global capital reassessment of Africa's critical minerals. The closing of the Lobito Corridor railway financing marks a new model of infrastructure-mining linkage, as capital shifts from resource extraction to full value chain financing.

Michael Sterling4 min read
Infrastructure Finance

UK's New Autonomous Driving Marketing Regulations: Regulatory Signals for Capital Flows

The UK Advertising Standards Authority (ASA) has introduced new regulations prohibiting automakers from using terms such as "self-driving" in marketing, aiming to avoid misleading consumers. This regulatory clarity may affect global capital allocation in the autonomous driving sector, leading the market to reassess investment risks and returns.

Michael Sterling3 min read