On 30 November, Ethiopia’s Prime Minister Abiy Ahmed urged rebels in Tigray to surrender, saying government forces were closing in on victory. ... It comes just a week after the PM pledged to lead military operations on the frontline.
A Nigerian fintech startup, TeamApt, which provides financial services to the underserved mass market in Africa, is eyeing the unicorn status ... on the back of nearly $50bn in yearly transactions, as it seeks to raise a Series C funding round ‘at well over $1bn in valuation from some of the world's biggest investors’. TeamApt could be the fifth unicorn from the Nigerian fintech ecosystem, following Interswich, Opay, Flutterwave and most recently, Andela.
South Africa's ruling party, ANC was dealt a hard blow after November's local elections, but according to President Cyril Ramaphosa, this was ... democracy at play. Since the fall of apartheid in 1994, he has been a major player in the ANC and South African politics in general. Who keeps him going? We have this look at his network, from the good to the bad.
At the dawn of his presidency, Zimbabwe's Emmerson Mnangagwa promised a new era marked by rule of law, democracy and good governance. When the ... military deposed Robert Mugabe in 2017 after 40 years of authoritarian leadership, Zimbabweans hoped that his legacy of political violence, repressive laws and restrictions on freedom of expression and association would disappear with him. However, four years on, civil society spaces are once again under attack.
The richest man in the world is richer than South Africa, the country where he was born in the early 1970s. Elon Musk has agreed to give up a ... - small - part of his colossal fortune, if the UN can prove how it will help solve world hunger.
More top stories
Join a global community who rely on us for insight into power,
markets and people on the continent.
On 17 and 18 December, President Recep Tayyip Erdogan will hold a third major summit in Istanbul, where he will meet with the continent’s leaders. ... The aim is to strengthen the political and commercial ties that have been slowly woven over the past 20 years.
Amid an international probe into illegal trade, Belgian businessman Alain Goetz continued to lead Uganda's biggest gold refinery long after he ... had supposedly stepped down, according to business records obtained by The Africa Report.
Charles Soludo, a former governor of the Central Bank of Nigeria (CBN), was recently elected into another governorship seat — this time, a ... political position in which he will lead the southeast Anambra state. As he officially takes over from the incumbent Willie Obiano in March 2022, his past throws up various expectations of what he could bring on board while leading Anambra as governor.
In the middle of the pandemic, Kenyan banks doubled their net earnings year-on-year to KSh50bn ($458m) during the second quarter of 2021. However, ... upon review, these ‘strong’ earnings were primarily driven by reduction in loan impairment charges, as bad ones were down by half year-on-year during the quarter.
Royal Dutch Shell’s plans to start seismic testing for oil and gas along South Africa’s Wild Coast face uncertainty after four environmental ... and human rights organisations filed an interdict aimed at stopping the exploration.
A coffee break is an ideal meeting time for someone as quietly frenetic as Frannie Léautier. At the end of a long day of her virtual meetings ... in several different time zones, we connect via the ubiquitous Zoom, sipping our East African coffee as we work through my lengthy roster of questions.
Africa still does not have enough data centres, which are essential infrastructure as they ensure the continent’s digital sovereignty. Which ... countries are doing well and which ones are lagging behind? We've got this visual overview.
CVentures, the fintech unit of Egypt’s Commercial International Bank (CIB), is planning a batch of new investments as the country’s regulatory ... outlook improves, CVentures managing director Emad Fouad tells The Africa Report.
In 2023, ENI wants to start operating in the baleine offshore field, which it only discovered three months ago. It intends to rely on its experience ... in Ghana and the good Ivorian infrastructure that already exists.
The World Bank, which is satisfied with the progress that the DRC has made in terms of governance and economic reforms, plans to accelerate its ... financing projects, its vice-president, Hafez Ghanem, tells The Africa Report.