Once Flourishing, Togo’s Cotton Industry is Struggling
However, the government wants to revitalize this strategic sector, notably through its recent privatization and industrialization efforts to make “white gold” a real source of income and employment for the country. Despite ambitious forecasts, the 2020-2021 season was a big blow for Togo, which produced only 67,000 tons of cotton, a considerable drop of 43% […]
How To Get Malawi’s Girls to Stay In School
Malawians have been sharing photos on social media of female MPs dressed up as schoolgirls – some delighting in their outfits others unimpressed by the stunt. The country’s 193-member parliament usually has a strict dress code, but it was relaxed on Tuesday for the chamber’s 43 female politicians. MP Gotani Hara said the gesture was […]
Luanda has to Auction its Assets to Settle Bills
Angola has accumulated around $1bn in debt to Western oil companies operating its oilfields, with the bill prompting the African country’s recently launched sale of stakes in its flagship offshore blocs. The magnitude of the debt, built up over several years, is a sign of deepening financial woes at state oil giant Sonangol, one of […]
Algerian Fishermen Spot Suspicious Package
Algerian authorities have seized half a ton of cocaine floating off the country’s coast, after fishermen in the area raised the alarm. The fishermen spotted and reported suspicious bags floating in the water near Oran, a port city, on Saturday night, according to a press release from Algeria’s Ministry of Defense Monday. Coast Guard units […]
Despite Hurdles, Women Run More Online Businesses in Africa
The International Financial Corporation, which is the arm of the World Bank that helps the private sector, and Jumia, the largest online business platform in Africa, said in a new report that the pandemic has hurt sales for women’s online businesses by 39%. In comparison, male-led businesses saw sales drop only 28%. Charlotte Ntim analyzes […]
Bringing together Leading Nigerian and French Industrialists
The Choose France summit of global business leaders held at Versailles on 28 June was French President Emmanuel Macron’s opportunity to push French corporates to seek opportunities beyond their comfort zone. “40 years ago, France occupied a prominent position in Nigeria,” President Macron tells The Africa Report. “Major French companies occupied leading positions in the […]
74 % of SMEs in Sub-Saharan Africa are Optimistic about the next 12 Months
After facing unprecedented changes in the wake of the COVID-19 pandemic, Small and Medium Enterprises (SME) confidence in Sub-Saharan Africa is on the rise, according to the latest research by Mastercard. The inaugural Middle East and Africa (MEA) SME Confidence Index found 74 percent of SMEs in Sub-Saharan Africa are optimistic about the next 12 […]
