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Chain Reaction

Standard Bank: Blockchain can add impetus to Africa’s free-trade drive

African free trade can be a beneficiary of Blockchain as applications mature beyond crypto currencies, Ian Putter, head of blockchain for Africa ... at Standard Bank, tells The Africa Report.

Spaces for opportunity

Ousmane Diagana (World Bank): “We do not discourage all subsidies”

Ousmane Diagana, the West and Central Africa vice-president of the World Bank explains the Bretton Woods institution's positioning and priorities ... on the continent. In this long interview, he pushes back against the familiar critique of rigidity and economic orthodoxy.

glint of discord

China-Angola: Is the Catoca idyll coming to an end?

The joint venture China Sonangol, which holds almost a 20% stake in Angola’s main gemstone deposit, has had its stake blocked. Its name has ... been cited in several cases of suspected corruption.

Egyptian student becomes a teacher for children during COVID-19

Skills Revolution

Honoris United Universities seeks Western standard of education in new African markets

Africa’s largest private higher education network Honoris United Universities plans to expand in Egypt, Kenya and Côte d’Ivoire, Chief Growth ... and Strategy Officer Laura Kakon tells The Africa Report.

Business top stories

Electric power lines are pictured outside Egbin power plant in Ikorodu on the outskirts of Nigeria's commercial capital Lagos

Step Change

Africa energy investment needs shift from generation to transmission

Business building

AfCFTA: ‘It has been a game changer’ – Groupe Filatex’s George Conde

IMF and World Bank hold Annual Meetings in Washington

VULNERABLE TO UNREST?

South Africa: Cost of living crisis raises risk of social friction

Electric power lines are pictured outside Egbin power plant in Ikorodu on the outskirts of Nigeria's commercial capital Lagos

Step Change

Africa energy investment needs shift from generation to transmission

Business building

AfCFTA: ‘It has been a game changer’ – Groupe Filatex’s George Conde

IMF and World Bank hold Annual Meetings in Washington

VULNERABLE TO UNREST?

South Africa: Cost of living crisis raises risk of social friction

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Deep Drill

Guinea: Predictive Discovery expects gold resource increase at Bankan as Blackrock invests

Australian exploration and mining company Predictive Discovery anticipates that the gold resource at its Bankan project in Guinea will increase ... as further tests are carried out, managing director Andrew Pardey tells The Africa Report.

People queue outside a bank in Harare

back to business

Old Mutual Zimbabwe: Suspension in bank lending leaves a dent in investor confidence, says Matsekete

On 7 May this year, President Emmerson Mnangagwa introduced a raft of measures meant to stabilise Zimbabwe’s economic crisis. Among the measures ... included was a suspension - with immediate effect - of lending by banks to both the government and private sector.

corruption trial

Swiss commodities giant Glencore pleads guilty to bribery charges in Africa

The UK subsidiary of Swiss mining and trading Glencore pled guilty to multiple bribery counts for its dealings in four African countries on 21 ... June. This guilty plea is the second for the company in just two months.

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A client uses an automated teller machine (ATM) at the Commercial Bank of Ethiopia in Addis Ababa

open sesame

Ethiopia’s banks pushed to bulk up before market opens

The Ethiopian Central Bank warns it will continue to push up minimum capital requirements. The goal: force local banks to be competitive, as ... the gradual opening up of the sector continues. With Ethiopia's finance sector posting the best returns on equity in the region, investors are watching and waiting.

A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja

Pedal to the Metal

Nigeria: Seplat seeks to raise gas production to match surging demand

Nigerian oil and gas producer Seplat has seen a jump in gas demand as higher diesel prices prompt a search for alternatives, director of new ... energy Yetunde Taiwo tells The Africa Report.

resolution vehicle

Alain Nkontchou: ‘Ecobank ranks among the top 3 in 15 African countries’

The future of payment activities and fintech, the situation in Nigeria, the relationship with regulators and shareholders ... Interviewed in ... Abidjan, the Ecobank Transnational Inc (ETI) president talked with us about the pan-African banking group’s key issues.

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