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Business

Friday, 20 March 2020

Nigeria's Central Bank Governor Godwin Emefiele.

small bore

Nigerian Central Bank’s economic package is “too tiny to matter”

The response of Nigeria's cental bank to the coronavirus pandemic shows the scale of the problem has not yet been grasped. ...

Thursday, 19 March 2020

Haufei Restaurant & Mall being closed in Lagos, Nigeria

consumer protection

The journey to better protecting Nigerian consumers

Chief Executive of the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria gave The Africa Report an interview exploring ... his work and plans for the future of the Commission.

Illusory Control

African Stock Markets: The Show Must Go On

The Philippines and Sri Lanka have become the first countries to halt stock market trading on the coronavirus crash.
...

President of Angola Joao Lourenco attends a wreath laying ceremony at the Tomb of the Unknown Soldier by the Kremlin wall in Moscow, Russia,

reform headache

Angola is collateral damage of coronavirus hit on oil, China

The oil price crash and coronavirus may scupper Angola’s hopes to come out of recession in 2020. ...

Wednesday, 18 March 2020

shovel it

With its oil terminals under siege, Tripoli considers mining

Libya's geology contains significant reserves of gold, iron, and magnesium. The minerals have not been exploited, and the Tripoli government ... sees them as a "remedy" in the face of falling oil production.

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Tuesday, 17 March 2020

Managem, the mining subsidiary, relies on three exploration blocks in Sudan.

national champion

Al Mada: The Moroccan royal holding company’s new clothes

After being transformed five years ago into a pan-African investment fund, Al Mada completed a series of megadeals on the continent, which today ... accounts for more than one-fourth of its profit.

Don't Stand So Close

Nedbank bets coronavirus can accelerate shift to digital banking

South Africa’s Nedbank is accelerating the rollout of its digital strategy across Africa as customers turn away from face-to-face banking to ... reduce the risk of coronavirus, Terence Sibiya, managing executive for the rest of Africa, told The Africa Report.

Monday, 16 March 2020

amateur tradecraft

Credit Suisse: The “irrational story” that sunk Tidjane Thiam

After he left for competitor UBS, former Credit Suisse wealth management star Iqbal Khan was placed under "surveillance", an incredible operation ... that triggered everything that followed.

black gold fall

Coronavirus: Why oil-dependent economies must prepare for the worst

When Moscow and Riyadh failed to reach an agreement on 6 March in Vienna, the oil world woke up to a major crisis situation three days ... later.

A worker walks outside the coronavirus isolation facility at the Mbagathi Hospital in Nairobi

virus reaction

Shortages, inflation: East Africa scrambles against coronavirus

East African countries have taken extensive measures to stop the spread of COVID-19, just days after three countries in the region progressively ... announced 10 confirmed cases.

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