Business

Ernest Addison, Governor of the Bank of Ghana talks during the bank’s Monetary Policy Committee news conference in Accra, Ghana March 21, 2022. REUTERS/Cooper Inveen

survivor

Premium badgeGhana: 10 things about central bank governor Ernest Addison Ernest Addison’s six-year spell at the Bank of Ghana has witnessed some of the most dramatic happenings in the country’s banking sector history.
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

Moving Feast

Premium badgeNigeria’s poor track record on refineries prompts skepticism on future timetable Never-ending delays for rehabilitating Nigerian oil refineries and getting the Dangote project up and running raise questions as to the credibility of...
Nigeria’s minister of Finance, Wale Edun

liquid confidence

Premium badgeNigeria FinMin: ‘No ending oil subsidies without fixing naira’ Finance Minister Wale Edun speaks to The Africa Report about his mission to reassure investors about Nigeria’s commitment to economic reforms.

Don't Know Your Customer

Premium badgeNigeria: OmniIndex plans nationwide roll-out of Blockchain education data storage California-based OmniIndex aims to use its Google partnership to roll out Blockchain for educational data across Nigeria and Africa.

Business top stories

Russian President Vladimir Putin greets Ugandan President Yoweri Museveni during a welcoming ceremony at the second Russia-Africa summit in Saint Petersburg on 27 July, 2023. (AFP/Pavel Bednyakov/Pool)

mystery company

Premium badgeUgandan motorists could be fined four times a year in $275m Russian deal Following a swathe of attacks and assassination attempts on Ugandan officials, President Museveni contracted a Russian company to surveil Ugandan moto...
Kenya’s President William Ruto at State House, in Nairobi. (Tony Karumba/AFP)

off track

Premium badgeKenya: UK delays $121m for Nairobi Railway City The British government-backed UK Export Finance (UKEF) has delayed a £100m ($121.9m) payment for the development of Nairobi Railway City – the largest...
© Photo supplied

West, Central Africa

Premium badgeHow supermarket giant Système U is cashing in on Casino’s retreat from Africa The co-operative supermarket chain is enjoying a boom on the continent, partly thanks to its partnership with Monaco retailer MIM.

Business top stories

Russian President Vladimir Putin greets Ugandan President Yoweri Museveni during a welcoming ceremony at the second Russia-Africa summit in Saint Petersburg on 27 July, 2023. (AFP/Pavel Bednyakov/Pool)

mystery company

Premium badgeUgandan motorists could be fined four times a year in $275m Russian deal Following a swathe of attacks and assassination attempts on Ugandan officials, President Museveni contracted a Russian company to surveil Ugandan moto...
Kenya’s President William Ruto at State House, in Nairobi. (Tony Karumba/AFP)

off track

Premium badgeKenya: UK delays $121m for Nairobi Railway City The British government-backed UK Export Finance (UKEF) has delayed a £100m ($121.9m) payment for the development of Nairobi Railway City – the largest...
© Photo supplied

West, Central Africa

Premium badgeHow supermarket giant Système U is cashing in on Casino’s retreat from Africa The co-operative supermarket chain is enjoying a boom on the continent, partly thanks to its partnership with Monaco retailer MIM.

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According to Kristalina Georgieva (shown here at the Spring Meetings, April 2023), head of the IMF, 15% of low-income countries are already in a debt crisis and 40% are getting closer to it. MANDEL NGAN/AFP.

high risk

Premium badgeExplainer: How (un)sustainable Africa’s sovereign debt is Sovereign debt can be a powerful lever for economic development, provided it is used wisely. How do African countries manage to convince creditors?
FILE PHOTO: U.S. Treasury Department Deputy Secretary Wally Adeyemo attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Brendan McDermid

‘same values’

Premium badgeUS companies ‘willing to make more investments’ in Nigeria The US Deputy Secretary of Treasury, Wally Adeyemo, pointed to unstable naira and corruption as some of the issues impeding Nigeria’s economic growth....
South Africa’s Finance Minister Enoch Godongwana speaks during his 2023 budget speech in Cape Town, South Africa. (Reuters/Shelley Christians)

No money

Premium badgeSouth Africa: Tempers boil as welfare state eyes $7bn bill Political tensions are mounting in South Africa as the overburdened state welfare system becomes too expensive to maintain.
© The Congo Basin rainforest absorbs the equivalent of all of Africa’s carbon emissions. (Jens Grossmann/LAIF-REA)

Fair pay

Premium badgeUN joins Congo basin presidents in call for higher carbon-credit prices in Africa Developing African countries are asking for larger pollution offsets in order to preserve their environments.
Ryad Mezzour, Moroccan Minister for Industry and Trade. DR

well-rounded

Premium badgeRyad Mezzour: Morocco is establishing genuine industrial sovereignty Decarbonisation, electric battery factories, renewable energies and more: the Moroccan Minister of Industry and Trade details his country’s strategy f...
The Husab uranium mine in western Namibia. 11 May 2018. Wu Changwei/Xinhua/REA

multiple agreements

From DRC to Madagascar, Japan weaves its web with critical metals From exploration to exploitation, Japan has signed a series of contracts with three African countries to secure its supplies of critical minerals.