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Business

Fast Mover

Tech investor Launch Africa bets it can beat venture-capital industry to the punch

Launch Africa Investors, which invests in tech startups across the continent, is planning to close a fundraising at the end of January, general ... partner Janade du Plessis tells The Africa Report.

From Beyond the Grave

South Africa: Shell falls foul of indigenous rights in Wild Coast exploration

How do you go about consulting indigenous communities affected by proposed seismic exploration for oil and gas? Can you just ask their King? ...

Tim Steele

Active Agent

Kenya’s Copia plans e-commerce expansion in Rwanda, Tanzania

Kenyan B2C e-commerce company Copia plans to expand to Rwanda and Tanzania as part of its Africa-wide growth strategy, CEO Tim Steele tells The ... Africa Report.

Gift Horse

Nigerian online gifting startup Showlove plans east Africa expansion

So you didn’t like your Christmas presents? Again? Nigerian gifting service Showlove is aiming to make such disappointments a thing of the ... past.

Business top stories

nigeria energy

Electric Shock

Nigerians dodging their bills hold back electricity generation growth

Representations of cryptocurrency Bitcoin and Binance is seen in this illustration

coin conviction

“Crypto is the worst way you can commit fraud,” says Binance Africa director Emmanuel Babalola

Lighting the Fuse

South Africa’s Omnia to seek Australia, east Africa expansion, CEO says

nigeria energy

Electric Shock

Nigerians dodging their bills hold back electricity generation growth

Representations of cryptocurrency Bitcoin and Binance is seen in this illustration

coin conviction

“Crypto is the worst way you can commit fraud,” says Binance Africa director Emmanuel Babalola

Lighting the Fuse

South Africa’s Omnia to seek Australia, east Africa expansion, CEO says

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important but unloved

IMF-Africa: debt, SDRs, inequality… the Fund’s new clothes

"IMF-Africa: is it different this time? (3/5) Faced with the Covid-19 crisis, the multilateral institution has provided noticeable support to ... African countries that were long critical of it. The question now arises as to its fiscal dogmatism and whether it is taking the climate issue into account.

Article 5/6 of "IMF and Africa: Different this time?"

Propelling

Sanlam – Allianz: Insurance giants discuss strategic partnership

The South African insurer Sanlam and its German counterpart Allianz have confirmed that they have begun negotiations to establish a strategic ... partnership on the continent.

A Greenpeace environmental activist carries a coffin during a protest against the construction of a coal fired electricity plant in Lamu on Kenya's coast, during a protest in Nairob

POWER PLAY

Africa’s energy transition will fail without more green finance – Bank of America

Africa is one of the regions that will carry an immense burden in the quest for net-zero emissions by 2050 as pushed at the COP26 climate summit. ... Despite the influx of enquiries, Africa’s share of green or ESG-themed transactions is less than 1%, Bank of America’s Natalie Mordi-Hillaert reveals.

Africa Insight

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Africa in 2022

Evergrande default leaves Egypt, Ghana as most-exposed African borrowers: Rencap

Stresses in the Chinese property sector culminating in the default of the country’s largest real-estate developer Evergrande cloud the outlook ... for African sovereign debt in 2022, Renaissance Capital’s global chief economist Charles Robertson told a briefing on 16 December.

The Avenue of the Sphinxes reopens in Luxor

CULTURAL cash

Will Ancient Egypt breathe new life into ailing tourism sector?

Egyptian authorities are counting on a cluster of recent discoveries and the inauguration of new and refurbished archeological sites and museums ... to revitalise a tourism sector that has been under duress ever since the 2011 Arab Spring revolution.

startup ecosystem

Africa: Despite Covid-19, startups raised $4bn in 2021

Africa's startup ecosystem rebounded in 2021, hauling in a record $4bn before year-end, reflecting a surge of investor interest in the continent’s ... rapidly-growing tech marketplace.

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