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Business

New links

Botswana – South Africa: The secret behind their ‘diamond wedding’

Botswana, where four of the world’s richest deposits are located, was producing around 24.2m carats of diamonds until 2019, thus making Gaborone ... the second-largest producer globally, behind Russia. No less than 65% of the supply from De Beers (the country’s preferred partner ever since it gained independence in 1966) is extracted from the country’s diamond mines.

The power of music

Nigeria’s Yemi Alade: ‘Music serves as a bridge between Africa and the rest of the world’

People haven’t stopped dancing ever since Nigerian singer Yemi Alade released her first hit in 2013. After winning a TV talent show (the Peak ... Talent Show in 2009), she made a music video for the song ‘Johnny’, which would go on to become a hit with 100 million views. She followed up with ‘King Of Queens’ (2014), ‘Mama Africa’ (2016), ‘Black Magic’ (2017) and ‘Woman of Steel’ (2019).

Agreement reached

Canada’s Kinross and Mauritania finally come to an agreement…without Tasiast Sud

Abdessalem Ould Mohamed Saleh, Mauritania’s minister of petroleum, mines and energy, has returned from a fruitful visit to the Tasiast gold ... mine. In a press release dated 15 July, the Canadian company Kinross Gold announced that it had finally reached a definitive agreement with the Nouakchott government on the main points that the two parties had debated for years.

Computer overlords

Will AI risk analysis really expand access to credit in Africa?

By analysing new-age mobile and web data, fintechs are starting to expand credit to individuals and SMEs without financial footprints. But concerns ... remain about reliability of the metrics used and customer privacy.

Business top stories

Credit Where It's Due

After Kenya, Creditinfo aims to expand SME scorecard to Tanzania

Tidjane Thiam at Credit Suisse in Zurich

end game

Final chapter for Tidjane Thiam’s Credit Suisse saga?

Asset Quality Deferred

Nigeria: Banks can ‘extend and pretend’ on problem loans, say analysts

Credit Where It's Due

After Kenya, Creditinfo aims to expand SME scorecard to Tanzania

Tidjane Thiam at Credit Suisse in Zurich

end game

Final chapter for Tidjane Thiam’s Credit Suisse saga?

Asset Quality Deferred

Nigeria: Banks can ‘extend and pretend’ on problem loans, say analysts

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Missed opportunity

This could have been Africa’s Cannes festival

This July’s Cannes Film Festival, which returned to the Croisette after a year dominated by the ongoing pandemic, promised to be an exceptional ... one as it had two years to choose its selection. However, by all accounts, this was not the case, despite the quality and originality of some of the works presented.

E-Cedi

User base for Ghana’s digital currency much wider than Bitcoin

The success of Ghana’s planned digital currency will hinge on how well the advantages are explained to the public, analysts say. ...

Babajide Duroshola, M-KOPA Nigeria General Manager

Smartphone Finance

Nigeria: Kenyan M-KOPA to scale up Airtel collaboration to lift smartphone use

M-KOPA aims to scale up its partnership with Airtel to extend smartphone penetration in Nigeria, Babajide Duroshola, M-KOPA’s new general manager ... for Nigeria, tells The Africa Report.

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Currency origins

Where do African currencies get their names from?

The continent has some 40 currencies, and their names bear witness to a multi-century history of Greco-Roman and Arab-Muslim influences, colonial ... legacies and indigenous traditions.

Tradition meets innovation

Morocco: Chari, a new start-up that relies on tradition

In 18 months, Moroccan start-up Chari has succeeded in making its mark on the logistics and distribution landscape. The firm has developed a ... mobile application that allows local shops – which account for 80% of the country’s distribution – to order everything they need, at competitive prices and with the promise of free delivery in less than 24 hours.

five year low

Kenya: Tea promotion strategy needed as prices languish

Rock-bottom prices for Kenyan tea amid a global supply glut mean it’s time for the creation of an agency mandated to promote Kenyan produce ... on the global market, Shadrack Manyinsa, an analyst at Kingdom Securities in Nairobi, tells The Africa Report.

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