NewsInternational

Sat,20Jan2018

International

Africa could be significant LNG importer by 2025, Total says

A motorist drives past a Total gas station in Kenya's capital Nairobi. Photo: Thomas Mukoya/ReutersAfrica could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday.

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Africa struggles to improve governance in past decade, Ibrahim survey says

Sudanese-born telecommunications entrepreneur Mo Ibrahim addresses participants the Ibrahim Index of African Governance. Photo: Irada Humbatova/ReutersGovernance across Africa has improved very little over the past decade as deteriorating safety and rule of law have held back progress made in other areas such as human rights or economic opportunities, a survey said on Monday.

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African economic growth dips to two-decade low, World Bank says

Workers arrange bags containing cocoa beans at a cocoa processing factory in Ile-Oluji village in Ondo state, southwest Nigeria. Photo: Akintunde Akinleye/ReutersEconomic growth in sub-Saharan Africa is likely to slip to 1.6% this year, its lowest level in two decades, due to continuing woes in the continent's largest economies South Africa and Nigeria, a World Bank report said on Thursday.

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Armed with fintech and fuelled by data: Africa's banker of tomorrow

Africa's next generation of banker. Illustration by Antoine Moreau-Dusault for The Africa ReportThe time is 6:02AM, the year 2026, the location Lagos Financial City. Fatima Abouzeid flails at her digital personal assistant to silence the alarm, which in return flashes her a miffed/not-miffed emoji and starts to warble the main news headlines of the day.

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African countries should borrow closer to home, AfDB president says

African Development Bank President Akinwumi Adesina addresses the Japan International Cooperation Agency. Photo: Reuters/Thomas MukoyaAfrican governments in the grip of Eurobond fever should look closer to home to secure financing vital to their economic development as borrowing costs on international debt markets rise, the president of the African Development Bank said.

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Facebook chief courts Africa's politicians, entrepreneurs and developers in first trip

Mark Zuckerberg, Facebook's chief executive officer, poses with Kenyan tech entrepreneurs in Nairobi's iHub. Photo: FacebookFacebook's chief executive officer Mark Zuckerberg is wrapping up his first trip to sub-Saharan Africa.

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