Economic Perks of Growing Cycling Culture in North Africa
The dozens of cyclists winding past the colonial architecture in Tunis, the capital of Tunisia, are an intriguing sight. They ring their bells and let out cheers. Vélorution wants people to know when it is on the move—and wants cars to give its members space. The group, and others like it, are trying to carve […]
Ex Standard Bank Leader Cleared in Mozambique Price Fixing
A Mozambican court cleared the former head of Standard Bank Group’s local unit of accusations made by the nation’s central bank that he was involved in manipulating the foreign-currency market. Adimohanma Nwokocha, who the Banco de Mocambique in July barred from corporate positions at local lenders, had no role in boosting the strength of the […]
East Africa’s Mineral Deposits at the Centre of Future-facing Commodities
BHP, the world’s biggest mining company, has thrown its weight behind a huge nickel project in Tanzania as it seeks to access the metals and minerals needed for the electrification of the global economy. The decision to invest $100m in private UK miner Kabanga Nickel, which is developing the project, marks a further shift in […]
A Scramble for Controlling Interest in Nigeria’s Oldest Bank
In October last year billionaire Femi Otedola quietly acquired stakes worth N30bn in Nigeria’s oldest and biggest financial institution by assets, First Bank of Nigeria Holdings, in an attempt to control a majority stake. Controlling over 5% of the company shares, it seemed Otedola had become the single largest shareholder of the bank, wielding the […]
Top Risks Facing South Africa
Prolonged economic stagnation, unemployment, state collapse, failure of public infrastructure, proliferation of illicit economic activity – these are the top risks facing South Africa, according to the 17th World Economic Forum Global Risks Report. Compiled by the World Economic Forum’s (WEF’s) Global Risks Advisory Board, together with Marsh McLennan, SK Group and Zurich Insurance, the […]
New Scheme to Save Zimbabwe’s Botched Land Reform
In a break with the past, Zimbabwe is urging farm owners with unproductive land to form partnerships to bolster agricultural output and slash the country’s import bill. The joint ventures will need government approval and a database to match landowners with potential investors will be developed, Agriculture Minister Anxious Masuka said Friday in an e-mailed […]
The First Floating LNG Facility is Deployed in the Deep Waters of the African Continent
A floating plant for liquefying natural gas arrived in Mozambican waters after a seven-week maritime voyage from South Korea. Lying above the 450 billion cubic meters (Bcm) of resources in the Coral field in Area 4 of the Rovuma Basin, the plant has the capacity to liquefy 3.4 million tons of natural gas per year […]
Transform Your Mindset In 2022
By Ian Fuhr January is always a time of reflection and introspection. We set goals for ourselves, we plan how we will grow our businesses and we focus on making the year at hand our best year yet. Given the past two years, there’s an even greater sense of urgency this year in terms of […]
Visa Brings Digital Payments And Exclusive Experiences To The TotalEnergies AFCON 2021
Visa, the exclusive digital payment service provider of the TotalEnergies Africa Cup of Nations (AFCON) 2021, is marking this year’s competition in Cameroon by creating new one-of-a-kind experiences for cardholders and football fans and looking to further help expand access to the financial system in Africa. Visa is a global payments technology company that connects the world […]
Dr. Williams Anarfi Bags Supreme Africa Youth Role Model Of The Year At The 2021 SDTA Awards
Innovative, passionate, perseverance, youth empowerment, and hard work are among the few things you know or hear when his name is mentioned. The business magnate and founder of the Wask Group of companies, Dr. Williams S.K. Anarfi, has been named the 2021 Supreme Africa Youth Role Model of the Year for his outstanding influences and […]
