China’s Africa strategy is shifting from extraction to investment Published by Lauren Johnston on 13 September 2023 China is moving beyond oil and extractive commodities towards industrial production, job creation and investments that lead to exports.
M-Pesa’s foray into Ethiopia marks start of a mobile money showdown Published by Conrad Onyango on 23 August 2023 As Safaricom introduces M-Pesa in Ethiopia, aiming to replicate its immense success in Kenya, a battle with the existing market leader is imminent.
African bond markets: Uncertainty remains high, but progress is being made Published by Mark Dunley-Owen on 6 August 2023 A lot happened in African markets during the second quarter of 2023. Much of this was positive for African credit, although it will need to be backed up by future actions to prove enduring.
Africa’s data centre boom Published by Boniface Abudho and Stephen Beard on 2 August 2023 Investors are capitalising on the surging demand for data centres in Africa.
Natural gas vehicles slowly gaining traction in Africa Published by bird story agency on 30 July 2023 Natural gas-powered vehicles are becoming increasingly popular across Africa.
From Ghana to Zambia: 31 African cities to exceed 5m people by 2040 Published by Staff Writer on 29 June 2023 According to a recent McKinsey report, by 2040, there will be 31 cities in Africa with populations over five million.
Sub-Saharan Africa to post 4.2% growth in 2024 amid downside risks Published by Jaco Maritz on 31 May 2023 The IMF expects sub-Saharan Africa to rebound in 2024, with Senegal set to outperform.
Dangote launches Africa’s biggest oil refinery – how it will affect Nigeria Published by Nnaemeka Vincent Emodi on 28 May 2023 Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis.
Why Sudan conflict could impact global fizzy drink and candy makers Published by bird story agency on 10 May 2023 Sudan’s acacia trees provide over 70% of the global gum arabic supply, a vital ingredient in fizzy drinks, cosmetics, and candy, with few substitutes available.
South Africa and Nigeria dragging down the region’s growth outlook Published by bird story agency on 16 April 2023 Economic growth in Africa is set to slow down from 3.6% in 2022 to 3.1% in 2023, according to a new World Bank report.
Europe’s growing interest in Africa’s green hydrogen potential Published by Conrad Onyango on 15 March 2023 Europe is setting its sight on Africa’s yet-to-be-developed green hydrogen industry.
Commercial and industrial segments boost African solar energy Published by Bonface Orucho on 3 March 2023 The commercial and industrial solar segment registered year-on-year growth of 61.5% in 2022.
M-PESA eyes global remittances market’s multi-trillion dollar surge Published by Seth Onyango on 23 February 2023 The African mobile money giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up.
Major hotel chains race to expand in Africa Published by Conrad Onyango on 22 February 2023 Luxury hotels are expanding in Africa, with Marriott, Radisson Blu and Hyatt leading the way with new developments and acquisitions.
