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The Wider Image: Grim aftermath of Ethiopian battle offers rare clues of brutal war

Path to peace

Ethiopia: Tigray rebels vow to release 4,200 POWs in effort to boost peace talks

Rebels from Ethiopia’s northern Tigray region have announced that they are releasing more than 4,200 prisoners of war, almost two months after ... they agreed to observe a “humanitarian truce” declared by the federal government.

Supporters of PDP attend a campaign rally in Lagos

A pushover?

Nigeria 2023: Despite online popularity, Obi trails Atiku, Wike in race for PDP delegates

Ahead of Nigeria's presidential primary of the Peoples Democratic Party (PDP), we take a look at the chances of the top 5 major contenders. ...

military scandal

Arms sales in Burkina Faso: Rafi Dermardirossian, the fall of the falcon

Between 2016 and 2022, this French-Lebanese businessman of Armenian origin was the main purchasing intermediary in the Burkinabe ministries of ... the interior and defence. A close friend of former President Kaboré, he fled as soon as Kaboré was overthrown.

Article 4/4 of "Africa’s barons of arm sales"

Citi Bank sign in Chicago. (AP Photo/Kiichiro Sato, File)

chain reaction

BII-Citi risk sharing facility to boost SCF for African businesses

A new deal between British International Investment (BII, previously the CDC) and Citigroup for a $100m risk sharing facility aims to unlock ... supply chain finance (SCF) for African businesses.

up in smoke

BAT-Kenya lobbying for tax reduction to give Lyft a lifeline in Africa

British American Tobacco (BAT), through its Kenya subsidiary, is lobbying the government to slash a proposed tax hike on a yet-to-be launched ... nicotine pouch – a move expected to boost company profit, cement dominance in the African market, and compensate for the dipping cigarette use in Europe.

eye on the prize

New World TV – the Togolese group shaking up the audiovisual giants

Ever since it acquired the broadcasting rights in French-speaking Africa for the 2022 World Cup, New World TV has fuelled all kinds of fantasies. ... We investigated its promoters, financing and strategy.

UNDEFEATED

DRC: Ugandan soldiers eye the exits with ISIS affiliate still entrenched

The joint operation between Ugandan and Congolese soldiers to root out rebel fighters from eastern DRC is slated to end this month, barring a ... last-minute extension.

Ethiopia: Tigray rebels vow to release 4,200 POWs in effort to boost peace talks

military scandal

Arms sales in Burkina Faso: Rafi Dermardirossian, the fall of the falcon

Article 4/4 of "Africa’s barons of arm sales"

chain reaction

BII-Citi risk sharing facility to boost SCF for African businesses

Path to peace

Ethiopia: Tigray rebels vow to release 4,200 POWs in effort to boost peace talks

military scandal

Arms sales in Burkina Faso: Rafi Dermardirossian, the fall of the falcon

chain reaction

BII-Citi risk sharing facility to boost SCF for African businesses

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winging it

South Africa: Poultry industry seeks more anti-dumping protections

Astral Foods, South Africa’s largest integrated poultry producer, recorded double-digit revenue growth of R9.4bn ($585m) in the six months ... to 31 March 2022 driven by high broiler sales volumes, according to the company.

Farmers drive tractors carrying freshly picked peaches to a market in Zaozhuang, Shandong

Food Security

Exclusive: Tingo, MICT seeking US investment bank for Nasdaq listing

Tingo and MICT, both in the midst of merging to create a agri-fintech company with a revenue of $900m, are seeking a major US investment bank ... to manage their planned listing on the US Nasdaq stock market, the CEOs of the two companies tell The Africa Report.

Complex threat

Kenya 2022: Will new guidelines keep terrorists at bay ahead of elections?

As Kenya prepares for an election expected to be one of the most competitive in the country’s history, tensions are growing between two government ... agencies on how to effectively fight terrorism on Kenyan soil. Will the row threaten gains made thus far?

Russian Ambassador to the United Nations Vassily Nebenzia attends U.N. Security Council meeting in New York

Weaponized hunger

Food insecurity: US scales up aid to Africa while blaming Russia at the UN

The Joe Biden administration this week announced hundreds of millions of dollars in emergency assistance for African and other countries facing ... a food crisis while using its United Nations platform to blame Russia.

Circular Economy

Ghana’s Safisana waste-to-energy business targets Ethiopia expansion

Safisana managing director Aart van den Beukel flies to Ethiopia next week aiming to export his waste-to-energy recycling solution currently ... deployed in Ghana.

peace builder?

South Africa’s Ivor Ichikowitz: A ‘philanthropic’ arms dealer?

Close to the ANC, South African businessman Ivor Ichikowitz, who founded the Paramount group in 1994, has extended his networks to the rest of ... the continent as he presents himself as a defender of just causes.

Article 3/4 of "Africa’s barons of arm sales"

Electric wires are pictured in Ojuelegba district in Nigeria's commercial capital Lagos

power up

Sahara Group: Transform Nigeria’s power sector, build a thriving business environment

Nigeria’s infrastructure company (Infra-Co), which is expected to grow to N15trn ($37bn) in assets and capital in the next few years, will ... go a long way in helping to raise capital from private investors and transforming the power sector, says Kola Adesina, group managing director at Sahara Power Group, an energy and infrastructure company.

Tanzania's President Samia Suluhu Hassan

TAXING TIMES

Vodacom: Mobile money woes in Tanzania dent international portfolio performance

The Vodacom Group has reported R102.7bn ($6.9bn) in revenue generated mostly in South Africa. Meanwhile, the contribution of its international ... operations was dragged down by the introduction of mobile money levies in Tanzania.

Zambian President Hakainde Hichilema looks on during an interview with Reuters at the Africa Mining Indaba 2022 which opened in Cape Town, South Africa, May 9, 2022. REUTERS/Shelley Christians

keys to success

Reforming Zambia’s mines needs regional partners, improved domestic operating environment

President Hichilema’s call to action for the Zambian and regional mining sector must be followed up with a concerted effort to improve the ... domestic operating environment and bring along regional partners if it is to succeed.

Kalonzo Musyoka (rt) and his running mate Andrew Sunkuli (lt)(twitter/@skmusyoka)

sore loser?

Kenya: Musyoka quits party to vie for presidency after Karua named Raila’s running mate

After losing the nomination to Martha Karua, former vice-president and the Wiper party leader Kalonzo Musyoka has announced that he has quit ... Raila Odinga’s Azimio la Umoja coalition to vie for the presidency in the August polls.

3.0 Revolution

From Singapore to Silicon Valley, RAM’s roadshow to design the aviation of tomorrow

Royal Air Maroc is launching its 3.0 revolution by counting on the start-up ecosystem to improve its customer experience, optimise internal processes ... and develop ancillary services.

Tracey Rose, Lucie’s Fur Version 1:1:1 – The Messenger, 2003, Lambda photograph, 80 x 60 cm. Courtesy the artist and Dan Gunn, London.

next month

From oil crisis, Zambia’s debt to Libya’s vote, what to look out for in June

From art to oil, with some politics thrown in for good measure, we outline what to look out for in June. ...

Traders work on the floor of the NYSE in New York

end of an era

US Fed tightening shows Africa needs domestic debt, foreign equity, S&P says

The prospect of a series of interest-rate increases by the US Federal Reserve highlights the need for African countries to increase savings rates ... so that banks can provide debt finance in local currencies, S&P Global Ratings sovereign specialist Frank Gill tells The Africa Report.

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