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East and West Africa remain the regional focus for investors, but with varying transaction profiles. For example, the average transaction size in West Africa was $25m, compared to the $10m average recorded in East Africa. Although the sectors of interest recorded were similar, investors expressed more interest in Technology, Financial Services and Healthcare in East […]

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Inflation is running at 18%. For food it is 23%, the highest in two decades. More than half of Nigerians are underemployed or unemployed. Before covid-19 about 80m of Nigeria’s 200m people lived on less than the equivalent of $1.90 a day. The pandemic and population growth could see that figure rise to almost 100m […]

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Having leapfrogged Spain recently, Egypt is steadily edging closer to achieving its full potential as the world’s top orange exporter, a widely desirable prospect that might be overshadowing further opportunities to diversify into other high-quality citrus crops and spin-offs. The Egyptian private sector was allowed to tap into citrus fruits during the late 1980s. Since […]

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Ghana’s planned development bank won’t reach its full potential unless it can break with the culture of institutional appointments being used as a form of political patronage. In May, the finance ministry agreed to a loan of $207m from the European Investment Bank to finance a new national bank – the Development Bank of Ghana. […]

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More than 1 million cellphone subscribers in Ethiopia have registered for a new mobile money service less than a week after its launch by state-controlled Ethio Telecom, the company has said. The service, called Telebirr, is to be integrated with banks in the coming weeks. The interest reflects “the huge pent-up demand for mobile money […]

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Although some animals have thrived in the less crowded parks during the pandemic, Covid-19 has had a devastating impact on conservation on the African continent and the millions of livelihoods which depend on ecotourism. In March 2020, Kenya abruptly closed its border in an effort to curb the spread of the virus. The country’s billion-dollar […]

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Germany has agreed to fund projects in Namibia worth $1.3bn over 30 years to atone for its role in mass killings and property seizures in its-then colony more than a century ago, according to a Namibian government spokesman. The funds will be used for infrastructure, healthcare and training programmes that would directly benefit the affected […]

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Plans are afoot to make amendments to South Africa’s Companies Act that would require companies to report on wage differentials. This is the gap between executive pay and the lowest paid workers in the company. The announcement was made by South Africa’s Minister of Trade and Industry Ebrahim Patel. This is a significant development. The […]

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The Zimbabwean government unveiled a statue of the liberation heroine and anti-colonialism figurehead Mbuya Nehanda in the capital, Harare, on Tuesday amid controversy about its priorities while the economy and health system collapse. Critics attacked the government’s decision to spend an unknown amount of money on the statue, which had to be remade after the […]

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As more multinational companies are setting up cannabis farms across the world, more attention has been diverted to Africa. Morocco is one of the world’s largest producers of cannabis and suppliers illegal by-products like Hashish. The North African country adopted Wednesday the law authorizing the therapeutic use of cannabis, a major reform for this North […]

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Selling cigarettes to smugglers who pay jihadists to protect their convoys. That’s the accusation leveled against the Burkina Faso representative of Phillip Morris International by the Organized Crime and Corruption Reporting Project, OCCRP. In an exclusive interview with VOA, Apollinaire Compaoré rejects those findings. In a February report, the Sarajevo-based group cited officials, rivals and […]

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Mali’s former junta leader Col Assimi Goïta has declared himself the country’s transitional president. He made the announcement after stripping interim President Bah Ndaw and PM Moctar Ouane of their powers. The two ousted leaders were freed from military detention, where they had been held since Monday in what was seen as Mali’s second coup […]

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