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Mineral Arts

DRC: Rawbank considers lending to artisanal miners, denies gold involvement

Rawbank, the largest domestic bank in the Democratic Republic of Congo, is considering lending to artisanal and small-scale miners (ASMs), CEO ... Mustafa Rawji tells The Africa Report.

TOUGH CHOICES

DRC-Rwanda: M23 rebels bow to pressure, agree to leave occupied territories

M23 rebels have announced that they are ready to disengage and withdraw territories they have occupied in eastern DRC after almost a year which ... has led to simmering tension between Rwanda president Paul Kagame and his DRC counterpart Félix Tshiskedi.

Going to Slums

Kenya: APA eyes micro insurance expansion, stricter motor underwriting, says CEO

Nairobi-based APA Insurance is seeking to expand its business to micro insurance, which targets low-income people and has been largely under-penetrated ... in Kenya where two-thirds of its nearly 55 million population is mired in poverty.

Deputy Director General for Management and Reform Amy Pope poses in Geneva, Switzerland, the headquarters of the International Organization for Migration

Changing the game

Amy Pope, US candidate for top IOM job, vows to prioritise Africa

Amy Pope, the US candidate in the running to lead the International Organisation for Migration (IOM), is making African representation and climate ... change cornerstones of her campaign to replace its current leader.

Coupons Clipped

Ghana: Bondholders may push against Ofori-Atta’s debt-exchange plan

The lack of consultation is clouding prospects that Ghana can persuade domestic bondholders to accept a proposed restructuring as the government ... seeks IMF help to repair excessive borrowing.

basic services

Ethiopia – Tigray: Mekele back on national power grid, says operator

The capital of Ethiopia's Tigray region has been reconnected to the national power grid after more than a year of cuts caused by war, the electricity ... operator said on Tuesday.

Conflicting approaches

DRC: Joseph Kabila and Moïse Katumbi hesitate on which strategy to adopt

After coming together a few months ago, the PPRD and "Ensemble pour la République" had each planned to meet separately to determine their course ... of action ahead of the 2023 presidential election. Félix Tshisekedi hopes to be re-elected in this vote.

DRC: Rawbank considers lending to artisanal miners, denies gold involvement

TOUGH CHOICES

DRC-Rwanda: M23 rebels bow to pressure, agree to leave occupied territories

Going to Slums

Kenya: APA eyes micro insurance expansion, stricter motor underwriting, says CEO

Mineral Arts

DRC: Rawbank considers lending to artisanal miners, denies gold involvement

TOUGH CHOICES

DRC-Rwanda: M23 rebels bow to pressure, agree to leave occupied territories

Going to Slums

Kenya: APA eyes micro insurance expansion, stricter motor underwriting, says CEO

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apocalyptic terms

Pipe Dreams: What the West got wrong on Uganda’s oil plans

In the aftermath of COP27, a $10bn oil extraction project in Northern-Western Uganda is fanning the flames of environmental activism across the ... world. Rather than an opportunity for Uganda to accelerate its development, the project is described in apocalyptic terms by international NGOs and environmental activists.

Darija, Darija

Morocco: ElGrandeToto, 7liwa, Naar… Rap in Darija goes international

A new wave of Moroccan rappers are gaining international influence with their creative, inclusive lyrics that are crossing borders and breaking ... through the language barrier.

TIT FOR TAT

DRC-Rwanda: Tshisekedi and Kagame’s war of words heats up

Paul Kagame had accused Félix Tshisekedi of taking advantage of the crisis caused by the M23 rebellion to postpone DRC’s presidential election. ... The Congolese leader has accused him, in return, of being a “war-monger”.

conservation

EACOP: An endangered Indian Ocean, oil’s way out of Africa

Conservationists in Tanzania's Tanga fear that the construction of the new port in Chongoleani will reduce the habitat of marine biodiversity, ... amongst which are some of the most ancient fish species in the world and Africa’s healthiest mangroves and coral reefs.

Article 6/6 of "EACOP: A boon or curse for East Africa?"

CLINICAL STRIKE

Nigeria: AXA Mansard to roll out health clinics to drive insurance penetration

AXA Mansard is planning to open its own health clinics in Nigeria in a bid to encourage take-up of insurance, Tope Adeniyi, CEO of the company’s ... health business, tells The Africa Report.

liberalisation

Ethiopia, a new El Dorado for African bankers?

A market of more than 100 million inhabitants, where only one-third of those over 25 have a bank or mobile finance account (compared to an average ... of 58.5% in sub-Saharan Africa and 79.5% in neighbouring Kenya). An economy where one public institution, Commercial Bank of Ethiopia (CBE), alone manages 55% of outstanding credit. A banking industry so inefficient that its costs absorb 56% of its revenues, but where the return on assets is four times higher than that of Moroccan banks…

back to business?

Libya says it’s safe for foreign energy firms to resume exploration

Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun ... to improve dramatically after clashes earlier this year.

REFORM U-TURN

With Eskom leaving Uganda, will the World Bank save Umeme?

Eskom Uganda, a subsidiary of Eskom Holdings SOC Ltd (South Africa's primary electricity supplier) will fold its operations at the end of March ... next year after 20 years of managing two power-generation dams in Uganda. This is part of the government's move to take over the electricity sector it liberalised in early 2000s through World Bank-backed reforms.

battle betrayal

Sudan: Military and civilian leaders sign initial deal to end crisis

Sudan's military and civilian leaders signed Monday an initial deal aimed at ending a deep crisis caused by last year's military coup, prompting ... sceptical protesters to cry betrayal.

reforms

Zambia: ‘Right now, the debt restructuring is too noisy’, says Governor Kalyalya

Zambia has come a long way since defaulting on its debts in November 2020 after suffering dire ramifications from the Covid-19 pandemic, yet ... the southern African nation still needs to tackle stern challenges to overcome its financial woes, Denny Kalyalya, the Bank of Zambia governor, tells The Africa Report.

last laugh

Kenya: IEBC vice-chairperson & commissioner resign after suspension by Ruto

Kenya’s Electoral Commission’s vice chairperson Juliana Cherera and Commissioner Justus Nyang’aya have resigned, days after being suspended ... from office by President William Ruto.

Assistant Secretary at the U.S. Department of State Mary Catherine Phee attends the Human Rights Council at the United Nations in Geneva

talk softly

US: 10 things to know about Molly Phee, America’s top Africa diplomat

Fifteen months after her confirmation as America’s top Africa diplomat, Assistant Secretary of State Mary Catherine “Molly” Phee will be ... the woman to meet next week as leaders from across the continent descend on Washington for the US-Africa Leaders Summit 13-15 December.

who's fooling who?

Nigeria 2023: Controversy over Tinubu’s childhood lingers ahead of polls

Bola Tinubu – the presidential candidate of the ruling All Progressives Congress (APC) – has been in the public eye for the last 30 years. ... However, his childhood years remain a subject of controversy ahead of the election, which comes up next February.

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