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DON'T MISS : Talking Africa New Podcast – GERD: Sudan got a raw deal from 1959 treaty with Egypt

Business

Friday, 10 July 2020

american race

DFC: Trump’s ‘weapon’ to thwart Chinese influence across Africa

The new US institution seeks to thwart China’s hegemony in developing countries, particularly in those on the continent. ...

Thursday, 9 July 2020

sasol

STEADY GOING

Sasol Africa assets to aid debt stability path

Sasol looks set to reach its target of raising $2bn via an accelerated asset disposal programme that will result in a rebalancing of its remaining ... Africa portfolio.

stormy days

Two corruption cases rattle Sonatrach in Algeria and Lebanon

Algeria has initiated an investigation into Sonatrach’s acquisition of the Augusta refinery in Italy. What’s more, one of the Algerian state-owned ... energy firm’s subsidiaries has found itself in the crosshairs of a Lebanese court.

ready to leave

Nigeria: Opera subsidiaries are the latest companies to quit the country

After a profitable 2019 for the Norway based Chinese-backed OPay, the company has announced that several of its subsidiaries will be exiting ... Nigeria or temporarily stopping operations. In 2018, Chinese investors backed the startup with $180 million to take over the mobile money space in Nigeria.

Monday, 6 July 2020

Equity Bank's Chief Executive Officer James Mwangi addresses investors at the Equity Bank headquarters in the Upper Hill district of Nairobi

no deal

Kenya: Why Equity Bank broke off talks with Atlas Mara

The Kenyan giant is renouncing the acquisition of African subsidiaries of the British headquartered bank Atlas Mara. A decision linked to Covid-19, ... but not entirely ...

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Friday, 3 July 2020

The Wider Image: High noon in a coronavirus-stricken world

Time's Ticking

Now is the time for Africa to implement AfCFTA, not later

African leaders have shot themselves in the foot by postponing the implementation of the African Continental Free Trade Area (AfCFTA) until 2021. ... />

MIXED HARVEST

South Africa VS Coronavirus: Exports keeping agriculture afloat

In the sixth part of our series on the impact of COVID-19 on South Africa, we look at the agriculture sector, where the citrus industry is exporting ... record volumes to Asia, following a surge in demand for lemons.

Article 6/6 of "Can South Africa stay one step ahead of the pandemic?"

UN General Assembly Zambia

Debt Distress

Zambia: IMF support needed to avoid Argentina-style default

An International Monetary Fund support program for Zambia is urgently needed as such an agreement would show that the government is serious about ... economic reform, a representative of the country’s creditors tells The Africa Report.

Wednesday, 1 July 2020

FILE PHOTO: The coronavirus disease (COVID-19) outbreak, in Soweto

BOOZE BOOST

Coronavirus: Distell boost from South Africa’s thirst for alcohol

Distell has only been able to realise slightly more than 50% of orders worth R440m because of reduced port capacity and cancellations. ...

Monday, 29 June 2020

Life After COVID

Radisson Hotel Group betting on African growth as demand picks up

Radisson Hotel Group says it will go ahead with its plans to expand in its key African markets despite the COVID-19 pandemic. ...

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