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DON'T MISS : Talking Africa Podcast – Ethiopia: Looming famine in Tigray is the making of 'starvation crimes' says report by WPF

Business

Sabre Rattling

Nigeria’s navy nervous about uptick in piracy and its impact on the country’s reputation

The Nigerian navy is bristling about reports on the the rise of piracy in the region. Maritime intelligence group Dryad Global has rejected claims ... by the Nigerian navy that its reporting of security and piracy in the Gulf of Guinea reflects a hidden agenda.

Perhaps, with consequences

Glencore, Gunvor and Trafigura: Are commodity prepayments a boon or a curse?

Used by Glencore, Gunvor and Trafigura, commodity prepayments have brought the Republic of the Congo and Chad to the brink of collapse, according ... to the International Monetary Fund (IMF). But, according to professionals in the sector, this “centuries-old” practice has a bright future ahead of it.

It’s far from over

Nigeria: After Eni and Shell’s acquittal, what’s next for ‘OPL 245’?

On 17 March 2021, an Italian court in Milan announced - after more than three years of proceedings - the acquittal of 15 defendants in the emblematic ... corruption case concerning Eni's and Shell's acquisition of OPL 245 in Nigeria in 2011, for $1.3bn.

Debut vibes

Ugandan singer-songwriter Awori touches on living in exile and taking a stand in new album

In her debut release titled Ranavalona – after the last queen of Madagascar, Ranavalona III – the Ugandan artist Awori sings and raps about ... cultural dislocation and state violence.

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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Frontier Project Finance

Emerging Africa Infrastructure Fund to invest in West African hydro and solar

The Emerging Africa Infrastructure Fund (EAIF) plans further investments in hydro and solar power in West Africa after making a loan for a solar ... power plant in Burkina Faso.

The fun of funds

Kenya’s treasury on a mission to save the economy

Kenyan Treasury officials are basing their debt-restructuring plans on the expectation of a bounce back from the effects of Covid-19 on tourism ... and commodity exports.

smartphone market

China’s Transsion dominates smartphone market in Africa

Transsion’s dominance of the African mobile phone market remains fully intact despite last year’s major economic disruption brought on by ... the pandemic, according to new data released by the research firm IDC.

harsh territory

Moroccan phosphate company OCP Group loses out to Mosaic in US legal battle

US President Joe Biden’s administration has dealt a major blow to OCP Group by announcing its decision to impose countervailing duties on fertiliser ... imports from Morocco. The ruling brings to a close an investigation initiated during Donald Trump’s tenure in the White House.

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The power of industrialisation

‘Opportunities for growth are greater in Africa than elsewhere,’ says Colin Coleman of Arise IIP

Laureen Kouassi-Olsson and Colin Coleman, who have just joined the advisory board of Arise Integrated Industrial Platforms (Arise IIP), say that ... industrialisation must be one of the engines of growth for the African continent.

Ghana's President Nana Addo Dankwa Akufo-Addo l

Purse Strings

Ghana may struggle to borrow targeted $5bn in 2021, say analysts

Ghana may struggle to raise the full $5bn it wants to borrow from international markets this year given the scale of its debts, analysts say. ...

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