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.
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"
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.
military scandal Arms sales in Burkina Faso: Rafi Dermardirossian, the fall of the falcon Article 4/4 of "Africa’s barons of arm sales"
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.
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?
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"
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.
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.
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.
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.
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. ...
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.