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Business

Digital Payments

South Africa’s Yoco close to raising over $50m for international expansion

Yoco, South Africa’s largest provider of payment solutions to small businesses, is near completing a funding round of more than $50m to fund ... expansion, Chief Business Officer Carl Wazen tells The Africa Report.

is cleaner green?

Africa’s energy transition dilemma

On the continent, oil majors Total, Shell and Eni have shifted their focus over to natural gas developments, but their renewable energy and carbon ... offset projects still make up a relatively small slice of their business.

Article 1/4 of "Africa’s natural gas loophole"

Flames shoot out of a chimney at Petroleum and Natural Gas company factories by a salt lake at the Wadi al-Qamar (Moon Valley) along a highway of Alexandria

clean(ish) energy

Europe’s big oil companies exploit natural-gas loophole in Africa

Energy majors are increasingly reluctant to take on new oil projects, but they have not abandoned hydrocarbons altogether, with natural gas experiencing ... an upswing. In the second part of our series, we look at how the energy majors are increasingly reluctant to take on new oil projects.

Article 2/4 of "Africa’s natural gas loophole"

South African Sasol's US$ 1.2 billion Natural Gas Venture was officially inaugurated on June 1, 2004..

POWERING AHEAD

Sasol South Africa’s Mozambique pipeline sale is a win-win

Sasol South Africa is selling down 30% of its stake in the Republic of Mozambique Pipeline Company (Rompco). In doing so, it is effectively killing ... two birds with one stone, two analysts tell The Africa Report.

Business top stories

Hanging Separately?

Naspers shareholder Excelsia unimpressed by Prosus response

greener grass

Access Bank, UBA, GTB… the Nigerian banks making inroads in Africa

jumping the gun?

Egypt’s expected $68bn borrowing needs: Why sukuk can help reduce its debt

Hanging Separately?

Naspers shareholder Excelsia unimpressed by Prosus response

greener grass

Access Bank, UBA, GTB… the Nigerian banks making inroads in Africa

jumping the gun?

Egypt’s expected $68bn borrowing needs: Why sukuk can help reduce its debt

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Cycle of Mistrust

Cameroon hopes to break Chinese debt logjam with eurobond sale

Cameroon is likely to seek a sale of eurobonds in the coming weeks as part of a strategy to avoid a Zambia-style standoff between Western and ... Chinese creditors.

one-stop app

Tanzania: Zabuni app shaking up procurement landscape

A free procurement app is transforming the tenders landscape in Tanzania, broadening supplier participation due to an increased supply of data. ... />

grumbles growing

President João Lourenço’s mission impossible: Fixing Angola’s economy

Elected president in 2017 on the promise of delivering an economic miracle, João Lourenço has faced challenges with regard to debt, privatisation, ... Covid-19. Not to mention intense criticism, even from within his own political party.

Article 5/6 of "João Lourenço’s Angola"

Expanding Payments

Kenya’s Cellulant may seek up to $150m for digital payments growth

Kenyan digital payments provider Cellulant plans to seek up to $150m to fund expansion, acting CEO Akshay Grover tells The Africa Report. ...

Mirage of Progress

Zambia: IMF plays for time as it seeks to pacify creditors

The IMF’s statement that progress has been achieved in talks with Zambia in the wake of its 2020 eurobond default masks the fund’s real aim ... of preventing creditors from pursuing international arbitration.

human weakness

Uganda Airlines stalling due to scandals and mismanagement

Barely two years old, Uganda Airlines launched a few months before the coronavirus grounded flights worldwide. But insiders say the current malaise ... runs far deeper, with allegations of nepotism and corruption prompting experts to worry the same fate awaits this latest iteration of Uganda Airlines as hit it predecessor. Can the government pull up before its too late?