obstacles galore Kenya: Can Ruto juggle the economic challenges facing him in this first year of office? President William Ruto’s mission to revitalise Kenya’s economy is faced with global headwinds and a forceful political opposition. ...
Race Against Time Nigeria policy delays create medium-term debt restructuring risk says Moody’s Likely delays in policy implementation in the wake of Nigeria’s contested election result increase the medium-term risks that debt restructuring ... will be needed, Lucie Villa, vice president and senior credit officer at Moody’s Investors Service, tells The Africa Report.
BITTERSWEET Cocoa: Ivorian trader Loïc Folloroux’s lost millions The founder of Africa Sourcing has accused certain members of the Federation of Cocoa Commerce of ganging up on him, saying his company was defrauded ... of more than $5.3m.
Grilled government South Africa: MTN CEO joins club of ‘failed state’ chorus MTN’s Ralph Mupita becomes the latest CEO to warn that South Africa’s vanishing electricity, rising crime rates, flailing infrastructure, ... and organised corruption have become an existential threat.
GREEN GOALS? Sasol: From Green Hydrogen to Mozambique drilling, 10 facts about its 2023 interim results
GREEN GOALS? Sasol: From Green Hydrogen to Mozambique drilling, 10 facts about its 2023 interim results
David vs Goliath Uganda’s Vanessa Nakate vs TotalEnergies’ Patrick Pouyanné, on the shores of Lake Albert On one side, the chairman and CEO of TotalEnergies. On the other, the “African Greta Thunberg”. The former was pleased to see French courts ... dismiss the complaint filed by six NGOs against his EACOP gas project in Uganda. The latter has become the voice of an entire continent.
Electric blues South Africa: Government sends wrong signal for electric vehicles, warns auto industry VW Group South Africa (VWSA) together with six other original equipment manufacturers (OEM) – Toyota, Ford, Nissan, Mercedes-Benz, BMW, and ... Isuzu – contributed towards a-yet-to-be-released white paper on EV production with the hopes the industry would be recognised by the South African government during the annual budget speech.
VC 2.0 SVB collapse signals it’s time for African venture-capital reset The fall of Silicon Valley Bank (SVB) in the US shows the need for an overhaul of Africa’s venture-capital investment assumptions. ...
Legal battle Kenya: Questions emerge as government changes oil import rules William Ruto’s administration has altered oil importation processes in Kenya by turning to a government-to-government (G-to-G) arrangement ... to minimise pressure on the East African country’s declining foreign exchange reserves. Will the move pay off?
another devaluation? Egypt: Privatisation trudging as Gulf reluctant over unstable currency Egypt is struggling to get its privatisation programme off the ground, which may leave the North African nation with no options but to once again ... attract hot money, a route that Finance Minister Mohamed Maait renounced last year.
Equity Strategy Emerging-market funds wary of China may turn to South Africa, investors say The eclipse of Russia as an emerging market narrows the field for fund managers. Suspicions that China may be supplying Russia with military ... equipment for the war in Ukraine underscore the need for investable alternatives.