Business

In Morocco, KFC has announced ten openings to reach 35 outlets by the end of 2023. © KFC MAROC

finger lickin good

Premium badgeIn Morocco, KFC confirms its appetite for Africa With 10 new stores announced for 2023, American fast-food chain Kentucky Fried Chicken is on schedule for its expansion efforts throughout Morocco.
An Air Algerie Boeing 737 at Paris’ Orly airport © Laurent GRANDGUILLOT/REA

renting, not waiting

Premium badgeAir Algérie bets on new fleet for growth By adding 15 new aircraft to its fleet, Air Algérie plans to become a force to be reckoned with in Africa’s aviation space.
thumbnail_47993 © Sanlam CEO Paul Hanratty

MAN ON A MISSION

Premium badgeSouth Africa: Strategy is the key to success, says Sanlam CEO Paul Hanratty Knowledge about the physics of money pulled Sanlam CEO Paul Hanratty into insurance but a passion for the industry has sustained the veteran’s staying...
© Ghana’s Finance Minister Ken Ofori-Atta speaks during a news conference in Accra, Ghana December 13, 2022. REUTERS/Cooper Inveen

purse manager

Premium badgeGhana: 10 things to know about Finance Minister Ken Ofori-Atta Finance Minister Ken Ofori-Atta is steering the affairs for Ghana’s long journey towards a $3bn IMF bailout. The investment banker turned politician e...

Business top stories

Isabel Dos Santos in April 2020 ©Facebook/Isabel Dos Santos.

“political persecution”

Premium badgeAngola: Unitel targets Isabel dos Santos in London court Unitel, once run by Isabel dos Santos, the daughter of late Angolan president José Eduardo dos Santos, is demanding the repayment of around $400m wort...
People walk past a money-changers sign at a market in Harare

Beauty Contest

Premium badgeZimbabwe is world’s most miserable country, economist’s index claims The competition is stiff in a post-Covid world of inflation and supply chain disruptions, but there is a clear winner for the title of the planet’s mo...
© Tanzania is constructing the Central Corridor Standard Gauge Railway. (photo: twitter)

missing links

Premium badgeTanzania’s Standard Gauge Railway: Most advanced, but victim of minor private sector investment Tanzania’s standard gauge railway project – that seeks to open up quicker transport corridors towards the vast hinterland of Burundi, DRC, Rwanda, and...

Business top stories

Isabel Dos Santos in April 2020 ©Facebook/Isabel Dos Santos.

“political persecution”

Premium badgeAngola: Unitel targets Isabel dos Santos in London court Unitel, once run by Isabel dos Santos, the daughter of late Angolan president José Eduardo dos Santos, is demanding the repayment of around $400m wort...
People walk past a money-changers sign at a market in Harare

Beauty Contest

Premium badgeZimbabwe is world’s most miserable country, economist’s index claims The competition is stiff in a post-Covid world of inflation and supply chain disruptions, but there is a clear winner for the title of the planet’s mo...
© Tanzania is constructing the Central Corridor Standard Gauge Railway. (photo: twitter)

missing links

Premium badgeTanzania’s Standard Gauge Railway: Most advanced, but victim of minor private sector investment Tanzania’s standard gauge railway project – that seeks to open up quicker transport corridors towards the vast hinterland of Burundi, DRC, Rwanda, and...

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© A smelter plant at Anglo American Platinum’s Unki mine in Shurugwi, Zimbabwe, May 16, 2019. The country needs better power supply to support mining. REUTERS/Philimon Bulawayo

Deep Drill

Premium badgeZimbabwe’s first oil-gas well signals new era for foreign investment, says Invictus Energy CEO Successful drilling for oil, gas and helium in northeast Zimbabwe shows that the country is open for business, Invictus Energy CEO Scott Macmillan tel...
© Chinese Foreign Minister Qin Gang (Left) at a press conference with African Union Commission Chairperson Moussa Faki in Addis Ababa, Ethiopia, on January 11, 2023. DONG JIANGHUI/Xinhua via AFP.

financing options

Premium badgeChina loans to strain African debt market liquidity – Moody’s Rating agency Moody’s warns that some loans, particularly Chinese ones, are coming due in a market where financing conditions have deteriorated. We ex...
Nigeria’s President Buhari stands next to Aliko Dangote, CEO of the Dangote Group, during the commissioning of Dangote Petroleum refinery in Ibeju-Lekki, Lagos

repositioning

Premium badgeNigeria: Buhari commissions world’s largest single-train refinery President Muhammadu Buhari attended the commissioning of the Dangote Petroleum Refinery and Petrochemical Plant in Lagos on Monday – the country’s fir...
Axian CEO Hassanein Hiridjee in Paris, November 2021. ©Bruno Levy for Jeune Afrique

Busy signal

Premium badgeSouth Africa’s MTN looks to sell off subsidiaries in Liberia, Guinea, Guinea-Bissau A partial exit from West Africa looks to be in the cards for Africa’s largest mobile network operator MTN.
A man displays a 50,000 Kwacha note in Lusaka REUTERS/Mackson

pension pot

Premium badgeZambia uses pension funds to shore up debt-stressed economy   In Zambia, contributors to the fund seek to claim up to 20% of their total pension payout early, in a move hoped to stimulate the economy.
© Egyptian pounds and US dollars banknotes. (Photo by Khaled DESOUKI / AFP)

'walk the talk'

Premium badgeEgypt’s Catch-22: To devalue the currency or not? Egypt is facing a balancing act on whether to devalue, float or keep its pound’s exchange rate steady as the country grapples with an incessant foreig...