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Business

SAA

STEPS TO TAKE-OFF

South Africa: SAA’s original sin is state capture, not Covid says Gordhan

Can South African Airways (SAA) see blue skies after a long and difficult turnaround operation? There are still substantial issues to overcome: ... SAA's debt, the opacity of its accounts, a stand-off with the pilots. But public enterprises minister Pravin Gordhan says the problems stem from corruption hangover from the Zuma era: state capture.

Mobile Money 2.0

Airtel Africa’s new investor sees scope for mobile-money expansion

Airtel Africa has the potential to extend the range its mobile-money financial services, says Yemi Lalude, managing partner for Africa at the ... TPG private investment firm.

Mission Critical

Mozambique: Attack on Palma leaves Total’s LNG plans exposed

The attack by the Islamic militant group Ahlu Sunnah Wal Jammah (ASWJ) on the town of Palma in Mozambique’s northern Cabo Delgado province ... raises the risks of failure for Total’s onshore development of liquefied natural gas (LNG).

INTERNET ACCESS

Fibre optic in DRC: Strive Masiyiwa’s group plans to deploy a 4000km network

After laying 2,500 km of optical fibre in the western DRC, Liquid Intelligent Technologies, a subsidiary of the Zimbabwean group Econet Wireless, ... plans to deploy a new 4,000km network between the central-southern area and the east of the country.

Business top stories

tencent

Tencent Coatails

Naspers, Prosus need buybacks to cut discount, as Tencent sale underwhelms

Equity Bank's Chief Executive Officer James Mwangi is seen during a Reuters interview in Nairobi

Banking on Recovery

South African and Kenyan banks may beat Nigeria to post-Covid recovery

Jury’s still out

BCP, BMCE, Attijariwafa: Will Morocco’s top 3 banks see a recovery in 2021?

tencent

Tencent Coatails

Naspers, Prosus need buybacks to cut discount, as Tencent sale underwhelms

Equity Bank's Chief Executive Officer James Mwangi is seen during a Reuters interview in Nairobi

Banking on Recovery

South African and Kenyan banks may beat Nigeria to post-Covid recovery

Jury’s still out

BCP, BMCE, Attijariwafa: Will Morocco’s top 3 banks see a recovery in 2021?

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sasol

Smoke and Mirrors

Global investors criticise Sasol over greenhouse gas reduction targets

A global alliance of institutional investors has criticised South African energy and chemicals company Sasol for its strategy on reducing greenhouse ... gas emissions, and called on South African investors to press the company for action.

Another victim of Covid-19

Promised ‘synergies’ between Sanlam and Saham delayed

The pan-African insurance leader has managed to maintain its revenues despite the ongoing health crisis, but its margin is collapsing and the ... integration of Moroccan Saham's African assets is dragging on.

Broken Supply Chains

Food inflation may be Nigeria’s biggest hit from Covid-19

Supply-chain disruption caused by Covid-19 has laid bare Nigeria’s structural inability to produce and distribute enough food. ...

Credit Score

Nigerian fintech Indicina close to completing fundraising

Indicina, a Nigerian start-up provider of automated tools for credit assessment, is close to raising $1m from investors, managing director Yvonne ... Johnson tells The Africa Report.

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Ghana's Tema Port

boatload of questions

How Vincent Bolloré won Ghana’s Tema port contract

A new leaked report obtained by Africa Confidential shows how French ports and media billionaire gained control of Ghana's busiest port, at the ... expense of the public purse.

Widening the Net

Nigeria’s CoralPay in talks with telcos to extend mobile phone insurance payments

Nigerian payments service provider CoralPay is in discussions with telecoms companies to extend access to health insurance by mobile phone, CEO ... Chioma Nkechika tells The Africa Report.

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