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Business

Friday, 3 April 2020

Questions of value

Coffee with Tanzanian billionaire Mohammed Dewji

We are at an upmarket hotel in central London, a stone’s throw from Hyde Park. Tanzanian businessman Mohammed Dewji is prompt, smiling and ... wearing his trademark chunky glasses.

Playing for Time

Nigeria encouraged to let naira fall further as currency market locks up

The Nigerian central bank’s move to adjust the value of the naira represents what is likely the first instalment in finding a sustainable level ... for the currency.

Thursday, 2 April 2020

Cash is King

Nigeria’s banks face direct hit from geared-up oil producers

The leverage and hedging strategies against lower prices used by Nigeria’s oil producers will determine their chances of survival – and the ... size of the hit to their lenders.

Article 7/10 of "Corona Chronicles: 30 March – 3 April"

Wednesday, 1 April 2020

Virus Outbreak South Africa

Cleaning up

Post-coronavirus, Rentokil to expand in Africa to meet new hygiene demands

Rentokil Initial, the global hygiene and pest control company, aims to expand in Nigeria, Ghana and Ethiopia once the coronavirus pandemic has ... been brought under control, Nkosinathi Solomon, the company’s managing director for sub-Saharan Africa, told The Africa Report.

Hostage to Fortune

South Africa’s solar industry to suffer as rand slumps to record low

The rand’s slide to a record low against the dollar prompted by the coronavirus pandemic and the loss of the country’s last investment grade ... rating at Moody’s risks setting the country’s solar power industry back years.

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Tuesday, 31 March 2020

Potent Brews

Nigeria’s locked-down drinks industry raises bootleg alcohol risks

Disruption to supplies of alcohol in Nigeria due to coronavirus risks spurring the consumption of dangerous illicit brews. ...

Article 10/10 of "Corona Chronicles: 30 March – 3 April"

Monday, 30 March 2020

Footfall in Freefall

Coronavirus shows African airports must cut reliance on passenger revenue

How to make money from airports without passengers? Coronavirus is showing African airports that they need to learn fast. ...

Friday, 27 March 2020

A hospital in Zimbabwe this month

Community Health

Zimbabwe is among African states least ready to tackle coronavirus

Urban areas in Zimbabwe are the most at risk to the virus in southern Africa, Dr. Ndumiso Tshuma, a public health specialist from Zimbabwe now ... working in Johannesburg, told The Africa Report.

Thursday, 26 March 2020

When God Was Angry

Coronavirus: far to go before rivalling Spanish Flu of 1918

The Spanish Flu, spread by troop movements at the end of World War One, was the planet’s worst ever pandemic, and killed nearly 2% of Africa’s ... population in six months.

Article 10/10 of "Corona Chronicles: 23-27 March"

COVID-19 Bond

African Development Bank picks Citi for US dollar coronavirus bond sale

Citi has been appointed by the African Development Bank to help tap markets with a bond to finance governments and companies fighting coronavirus ... in Africa, Miguel Azevedo, Citi’s head of investment banking for Africa and the Middle East, told The Africa Report.

Article 3/10 of "Corona Chronicles: 23-27 March"

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