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Business

new debt vehicle

Ethiopia: Accelerating reforms by taking on new debt

While a new public corporation to deal with debts is a step in the right direction, financing it is a major challenge. ...

Grounded

Kenya-UAE flight bans show need for global digital cooperation on Covid

The ban by the United Arab Emirates on passenger flights from Kenya shows the need for international digital co-operation on Covid-19 vaccination ... status, Kefa Nyakundi, CEO of Africa Risk Management Advisors in Nairobi, tells The Africa Report.

A general view of Mozambique's Sasol's gas project is seen in Temane, at the Inhambane province, Mozambique

Equitable Transition?

Mozambique can benefit from EU plans to recognise LNG as green fuel, says Absa bank

Mozambique is leading a group of African countries that stands to benefit if the European Union follows through on proposals to classify liquid ... natural gas (LNG) as a green fuel.

Start Me App

Nigeria: Kippa fintech plans banking partnership to offer business accounts

Nigerian fintech start-up Kippa is planning a partnership with an unnamed bank to offer bank accounts to small businesses, CEO Kennedy Ekezie-Joseph ... tells The Africa Report.

Business top stories

Chokehold

South Africa’s ports need private investment to break inefficiency logjam

shareprice shanghai

Beijing and Tencent are putting Naspers under increasing pressure

King Mohammed VI of Morocco and Ivorian president Alassane Ouattara talk on the "Mirage" boat prior to arriving at the One Planet Summit

African pivot

Money talks in Morocco’s pivot to Africa

Chokehold

South Africa’s ports need private investment to break inefficiency logjam

shareprice shanghai

Beijing and Tencent are putting Naspers under increasing pressure

King Mohammed VI of Morocco and Ivorian president Alassane Ouattara talk on the "Mirage" boat prior to arriving at the One Planet Summit

African pivot

Money talks in Morocco’s pivot to Africa

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See No Evil

Zondo: South African Airways, PwC can drag heels no longer

Publication of the first part of the Zondo Report on state capture has finally prompted South African Airways (SAA) and PricewaterhouseCoopers ... (PwC) to start facing reality.

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

full tank

Nigeria: How will removing the oil subsidy affect the oil marketing business?

Nigeria's federal government is planning to remove its fuel subsidy in the middle of the year. It is not the first time the government has ... promised to kill the subsidy. But with the arrival of new refineries, including Dangote's megaproject, the structure of the industry for marketers is changing.

Top of the tournament

African Cup of Nations: Cameroon, Algeria, Senegal, Côte d’Ivoire… who will win?

Djamel Belmadi does not have the reputation of being an excessively superstitious man, nor of spending his time digging into the past to find ... the answers for the future. But in the entourage of the pragmatic Algeria coach, who won the African Cup of Nations (CAN) in 2019, others may have taken it upon themselves to consult the competition's archives to remind him that only three teams – Ghana (in 1965), Cameroon (in 2002) and Egypt (in 2008 and 2010) – had been able to retain their titles.

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All hands on deck

Bolloré, Maersk…Who controls Africa’s ports?

Even though the international port groups Bolloré and Maersk are ambitious, they still only have a small presence in Africa’s container terminals, ... which are dominated by a few select operators. Here is a visual overview with information about the most powerful players who remain at the helm of the continent's ports.

A new factory built in the Lagos Free Zone

Deep Draught

Lekki port can help Nigeria be a manufacturing hub for Africa

Completion of Nigeria’s first deep water port at Lekki will mean the country can take advantage of African free trade to become a manufacturing ... hub for the continent, Lagos Free Zone Company CFO Ashish Khemka tells The Africa Report. Lagos Free Zone raised 10.5bn naira ($26m) in an oversubscribed bond sale in September.

Growth strategy

Algeria’s Sonatrach announces $40bn in investments

Algeria's state-owned oil and gas group Sonatrach will invest $40bn in oil exploration, production and refining, as well as in gas exploration ... and extraction between 2022 and 2026, its CEO Toufik Hakkar said on 3 January.

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