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Business

DIGITAL ENERGY

Sub-Saharan Africa: Schneider to expand operations to meet demand for smart energy management

Schneider Electric plans to expand its operations in sub-Saharan Africa as urbanisation drives demand for smart solutions in business and household ... energy management.

round trippers

Nigeria: CBN may have a breather from its foreign exchange fix, but can it last?

As part of the IMF's $650bn SDR reserve allocation to member states to boost Covid-19-battered global economy, Nigeria is to receive $3.3bn later ... this month. The country is also to issue a $3-5bn Eurobond later this year. Analysts say these would give the Central Bank of Nigeria (CBN) the capacity to temporarily ensure FX liquidity and defend the Naira, considering the recent FX supply halt to moneychangers.
But is this the best use of the money?

FAST FORWARD

Kenya’s Pesapal eyes payments expansion to Nigeria, Ghana and South Africa

Digital-payments platform Pesapal is considering the possibility of expanding to Nigeria, Ghana and South Africa, CEO Mark Mwongela tells The ... Africa Report.

Serving justice

Start-ups: Legaltechs are gaining momentum in Africa

The scene took place in Dakar, on a morning at the beginning of 2021. The Senegalese council of ministers was meeting, as it does every week, ... with Macky Sall at the palace of the republic. By way of introduction, the head of state asked his team about the agenda.

Business top stories

A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in Johannesburg

Steep Curve

South African Airways needs culture reset as take-off approaches

Zoning In on Funding

Nigeria: Lagos Free Zone plans new bond sale early in 2022, CFO says

GREAT RETAIL MIGRATION

South Africa: Shoprite’s exit from rest of Africa points to cautionary ‘chasing the cycle’ strategy

A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in Johannesburg

Steep Curve

South African Airways needs culture reset as take-off approaches

Zoning In on Funding

Nigeria: Lagos Free Zone plans new bond sale early in 2022, CFO says

GREAT RETAIL MIGRATION

South Africa: Shoprite’s exit from rest of Africa points to cautionary ‘chasing the cycle’ strategy

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Cyberattack

Cybersecurity: Africa’s race against time against attacks

Africa has been hit by an increasing number of cyberattacks since the start of the Covid-19 pandemic. Has it waited too long to launch an effective ... response?

End of CFA

Côte d’Ivoire, Ghana, Nigeria… Is West Africa ready for life without the CFA Franc?

Bankers, economists, fund managers... Financiers in the West African Economic and Monetary Union (WAEMU) zone are facing the metamorphosis of ... the CFA franc, with varying degrees of apprehension.

Cash Lite

Ghana: Cellulant aims to introduce digital payments for utility and other services

Cellulant, a company focused on digital payments, secured a payment services provider (PSP) license in Ghana in April. It wants to partner with ... the government, banks and insurers to enable digital payments for utility and other services, Eric Kortey, Cellulant country manager for Ghana, tells The Africa Report.

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another hit

Nigeria: New wave of Covid Delta hits the country’s economic outlook

Nigeria’s economic outlook, released on 26 August by the National Bureau of Statistics (NBS), had been projected to return to pre-pandemic ... levels due to an oil market rebound. But it now faces risks from new coronavirus threats and a slow rollout of vaccines.

A wake-up call

South Africa: Jorja Smith song brings global interest and worries about Amapiano appropriation

When African music hits the global scene, it can lead to mixed emotions: joy over long-deserved recognition for the continent's talent, but also ... worry that the artistes at the heart of musical scenes will not get their dues.

WINDOW OF OPPORTUNITY

Zambia: Independent debt office is key to Hichilema’s reforms

Creation of a debt office with genuine independence will be crucial to the success of reforms by Zambia's new President Hakainde Hichilema, analysts ... say.

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