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lekki living

Nigeria: Lagos shortlists Mota-Engil & two China investors for new bridge project

Plagued by never-ending congestion, Lagos is hoping to add a new bridge across the lagoon to connect the fast-growing Lekki peninsula to the ... airport.

one shot

The planet is burning, Africa with it.

Private initiative must drive biodiversity restoration in Africa ...

São Tomé and Príncipe's Prime Minister Patrice Trovoada on September 5, 2018

coup attempt

Sao Tome: Four killed in failed coup bid say state media

Four people were killed in a failed coup attempt on Sao Tome, the state news agency STP-Press said on Sunday reporting a toll from the armed ... forces chief of staff.

one more time

Equatorial Guinea president wins re-election, claims VP on Twitter

Equatorial Guinea's President Teodoro Obiang Nguema has won re-election with 95% of the Nov. 20 vote and his party took all the senate and parliament ... seats, his son Vice President Teodoro Nguema Obiang Mangue said on Twitter on Saturday.

peace talks?

Congo’s M23 rebels ask for dialogue after states declare ceasefire

Democratic Republic of Congo's M23 rebel group on Friday said it wants to talk directly with the government after Congo's president and other ... African leaders signed a ceasefire deal aimed at stopping attacks by the militia.

oil leaks

Oil: Nigeria, Angola, Algeria… the hierarchy of producers shaken up once more

While the Organization of the Petroleum Exporting Countries (OPEC) recently decided to lower its crude oil production levels, the move means ... that Nigeria has plummeted in the ranking of the continent's main producers. Angola loses its short-lived leadership status.

'impracticable & unrealistic'

2023 Appropriation Bill: Nigeria is heading towards greater debt

In October, President Muhammadu Buhari presented an Appropriation Bill of N20.51trn ($43.7bn) for the fiscal year 2023 to the joint session of ... the lower and upper Chambers of the National Assembly. He described the 2023 proposed budget as one “of fiscal sustainability and transition" - his very last budget as Nigeria's president. However, what financial legacy is he leaving behind?

Oil: Nigeria, Angola, Algeria… the hierarchy of producers shaken up once more

'impracticable & unrealistic'

2023 Appropriation Bill: Nigeria is heading towards greater debt

FINANCIAL FOUL PLAY

Ghana hits referee trouble – in the markets and in the World Cup

oil leaks

Oil: Nigeria, Angola, Algeria… the hierarchy of producers shaken up once more

'impracticable & unrealistic'

2023 Appropriation Bill: Nigeria is heading towards greater debt

FINANCIAL FOUL PLAY

Ghana hits referee trouble – in the markets and in the World Cup

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FINANCIAL FOUL PLAY

Ghana hits referee trouble – in the markets and in the World Cup

Portugal’s defeat of Ghana’s Black Stars – courtesy of a contested penalty granted to Cristiano Ronaldo – in the World Cup on 24 November ... rankles with the country almost as much as its treatment in the financial markets. On both counts Ghana has expert opinions on its side.

last word

Angola: Isabel dos Santos denounces ‘political persecution’

Angola’s justice system has requested that an arrest warrant be issued against Isabel dos Santos. But the daughter of former president Eduardo ... dos Santos is fighting back.

Fact checking

How Meloni’s video uses the distress of Africans to play into EU’s debates to block migrants

In a video unearthed after her accession to power, Giorgia Meloni, the current president of Italy’s ministerial council, criticises France's ... policy in Africa.

RESTORING ORDER

South Africa: Denel stakes turnaround on Treasury injection

The decline of Denel would compromise South Africa’s strategic independence, says chief restructuring officer (CRO) Riaz Saloojee, making the ... timely disbursal of the R3.4bn ($196m) lifeline thrown to the entity critical.

Corporate Finance

Nigeria: Purple close to debt guarantee from InfraCredit as part of real estate IPO

Purple, the Nigerian real-estate company currently carrying out a stock market initial public offer (IPO), is close to securing backing from ... financial guarantee provider InfraCredit for the debt part of its fundraising, Purple CEO Laide Agboola tells The Africa Report.

Coffee With

‘Ghana can learn from Nigeria for growth of film industry,’ says Peter Sedufia

Ghana and Nigeria have always had a healthy competition, which dates back to decades ago. Unlike Ghana, however, Nigeria’s industry has fast ... evolved to become globally competitive, enjoying the number two spot in the world after Bollywood in terms of the number of productions. In an interview with The Africa Report, filmmaker Peter Sedufia explains why.

second chance

Zimbabwe: Will ex-deputy president Kembo Mohadi come back in 2023?

When President Emmerson Mnangagwa re-appointed former vice president Kembo Mohadi as the deputy president and second secretary at the recent ... Zanu PF elective congress, it was a strong indication that despite a sex scandal involving Mohadi, he is likely to come back next year should his boss win the 2023 general election.

'lioness of African culture'

Cameroon: Lady Ponce, the 100,000-volt diva

After her remarkable concert at the Olympia in Paris and before an eagerly expected performance in Cameroon, we meet the bikutsi diva. ...

Place to Be

US prepares to host 1,000 African officials as Leaders Summit details emerge

The Joe Biden administration expects upwards of 1,000 African government and business leaders to descend on Washington next month for diplomatic ... talks and commercial dealmaking, according to US officials and leaked planning documents.

storytelling

‘Africa, your time is now’, says Ayanda Sithebe, director of Africa Rising International Film Festival

Four years on from its inaugural showing, the Africa Rising International Film Festival (ARIFF) recently announced its return for a landmark ... fifth year. The social impact film festival launched in 2018 with the express purpose of “leaving no storyteller behind”.

fuel business

Nigeria: Dangote refinery project creates rash of copycats

The Ogun government recently announced that Gasoline Integrated International (GII) had acquired 800 hectares of land for its planned oil refinery ... in the state. This adds to the growing list of refineries springing up to end Nigeria's decades-long paradoxical situation: being a major producer of crude oil as well as a key importer of refined petroleum products.

Beginning of the end?

Mali: What future is there for Minusma?

After the British, the Ivorians have announced their withdrawal from the UN mission in Mali. The conditions for the remaining peacekeepers are ... now in question, as Bamako is in open conflict with part of the international community.

kingpin role

Kenya: Gachagua vows to politically unite a divided Mount Kenya region

Kenya’s Deputy President Rigathi Gachagua has given himself 31 December as a deadline to convince politicians from the vote-rich Mount Kenya ... region who supported Raila Odinga, leader of the opposition coalition Azimio la Umoja, to come join the ruling coalition, Kenya Kwanza.

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