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Business

Lighting the Fuse

South Africa’s Omnia to seek Australia, east Africa expansion, CEO says

South African chemicals and explosives supplier Omnia is willing to consider acquisitions as part of its international expansion strategy, CEO ... Seelan Gobalsamy tells The Africa Report.

Taking on the West African car market

Côte d’Ivoire’s automotive ambitions in West Africa

The Franco-Italian group Iveco has launched a bus assembly unit in Abidjan, a nearly €70m investment, as it is betting on local production ... for the Ivorian market and, in the long term, the sub-regional market.

A man holds Ghana's cedi notes in Accra

mobilising domestic revenue

Ghana turns to domestic taxes to finance development over money market woes

Limited access to the international money market has forced managers of Ghana's economy to look inwards for much needed revenue to finance its ... development. Finance minister Ken Ofori-Atta now says raising money from domestic taxes is the way to go.

Equity Strategy

Sanlam, Old Mutual poised for South Africa life-insurance recovery: Barclays

Shares in South African life insurers Sanlam and Old Mutual are undervalued and don’t reflect their prospects for recovery, according to a ... research note from Barclays.

Business top stories

Lighting the Fuse

South Africa’s Omnia to seek Australia, east Africa expansion, CEO says

A man holds Ghana's cedi notes in Accra

mobilising domestic revenue

Ghana turns to domestic taxes to finance development over money market woes

Equity Strategy

Sanlam, Old Mutual poised for South Africa life-insurance recovery: Barclays

Lighting the Fuse

South Africa’s Omnia to seek Australia, east Africa expansion, CEO says

A man holds Ghana's cedi notes in Accra

mobilising domestic revenue

Ghana turns to domestic taxes to finance development over money market woes

Equity Strategy

Sanlam, Old Mutual poised for South Africa life-insurance recovery: Barclays

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Holding on

Brussels Airlines takes advantage of health crisis to outdo competitors in Africa

After relaunching its flights on the continent in June 2020, Brussels Airlines is making an effort to resist the crisis and beat out its competitors, ... especially Air France.

Accelerator

Nigeria: Ventures Platform aims to use $40m fundraising to load up on fintech

Nigerian start-up investor Ventures Platform is seeking funds to increase its exposure to domestic fintech, founding partner Kola Aina tells ... The Africa Report.

after you

Nigeria: Femi Otedola, Tunde Hassan-Odukale, and the battle to control First Bank

What is really going on in the race by many Nigerian businessmen to acquire a controlling interest in the country’s oldest bank, First Bank ... Nigeria Plc? In October last year billionaire Femi Otedola quietly acquired stakes worth N30bn in Nigeria's oldest and biggest financial institution by assets, First Bank of Nigeria Holdings, in an attempt to control a majority stake.

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Sunrise Industry

Digital Realty plans more African data centre investment after Teraco purchase

Global data centre provider Digital Realty Trust plans further investments in Africa after agreeing to buy South Africa’s Teraco, Digital Realty ... CFO Andy Power tells The Africa Report.

new debt vehicle

Ethiopia: Accelerating reforms by taking on new debt

While a new public corporation to deal with debts is a step in the right direction, financing it is a major challenge. ...

Grounded

Kenya-UAE flight bans show need for global digital cooperation on Covid

The ban by the United Arab Emirates on passenger flights from Kenya shows the need for international digital co-operation on Covid-19 vaccination ... status, Kefa Nyakundi, CEO of Africa Risk Management Advisors in Nairobi, tells The Africa Report.

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