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Written by Daniel Takyi

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    Gambia: President Jammeh to concede election

    Gambian President Yahya Jammeh, who has ruled the West African nation for 22 years since he staged a coup, will concede defeat to opposition leader Adama Barrow, according to the chairman of the country’s electoral commission.

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    Gambia’s 2016 elections explained

    Gambian voters go to the polls on Thursday in an election that some are describing as the greatest challenge to President Yahya Jammeh’s 22-year rule.…

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    South32 goes it alone

    After a recent period dominated by wildcat strikes, wage disputes and erratic power supply – all against a backdrop of weak commodity prices – it might seem an unfavourable time to launch a new mining company with exposure to South Africa.

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    Will AGOA be a goer?

    A preferential trade deal with the US that has reportedly created 350,000 jobs since 2000 is set to expire in September.…

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    WEF Diary: Archbishop vs. Activists

    As those who gathered for the World Economic Forum know all too well, Africa is a place of good and bad, of great optimism and troubling realities.…

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    WEF diary: Zuma shrugs off corruption curveball

    Caught in the midst of a months-long expenses scandal that shows few signs of abating, President Jacob Zuma of South Africa chose a carefully-managed event to ease himself into his role as host of this year’s World Economic Forum on Africa.…

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    Africa’s Top Bankers Celebrated

    The African Banker awards honoured some of the continent’s leading banks and bankers at a lavish ceremony in Abidjan on Wednesday night.…

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    Meet the AfDB presidential candidates

    As Donald Kaberuka’s 10-year stint at the helm of the African Development Bank (AfDB) draws to a close, all eyes are on the candidates vying to step into his sizeable shoes.…

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    Analysis: the top 250 African companies

    This year’s list of Africa’s top-250 publicly listed companies shows a few small, but meaningful, changes in the upper slopes of the continent’s corporate landscape, but in the most part the table is a calcification of old trends.…

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    Management skills ‘a constraint’ on growth

    Sub-Saharan Africa may be one of the fastest growing regions in the world, but it will have to overcome a number of roadblocks if it is to achieve its lofty ambitions for the coming years.…

  • Leading opposition All Progressives Congress presidential candidate Mohammadu Buhari (C) raises his hand during a campaign rally of the party in Maiduguri, on February 16, 2015. A massive crowd of cheering supporters mobbed Nigerian opposition leader Muhammadu Buhari in the embattled northeast city of Maiduguri on Monday, as the candidate vowed tough action against Boko Haram if elected. People flooded the streets surrounding the airport in the Borno state capital before Buhari's arrival, defying security fears in a city repeatedly attacked by the Islamist militants. AFP PHOTO/OLATUNJI OMIRIN

    Beyond the ‘Buhari Bounce’

    Currency traders are backing Muhammadu Buhari, but the Nigerian president-elect is still keeping his economic policies close to his chest. …

  • A woman carrying a child stands in a  Foreign nationals refugees camp in Primrose, a little village near Johannesburg, on April 18 , 2015 following a wave of xenophobic violence against immigrants and other foreigners. Anti-foreigner violence has spread after erupting in the country's eastern port city of Durban several weeks ago, displacing thousands and sparking alarm at the United Nations and in neighbouring countries. Most of the victims targeted "are refugees and asylum seekers who were forced to leave their countries due to war and persecution," the United Nations High Commissioner for Refugees noted.  AFP PHOTO / MUJAHID SAFODIEN

    A stain on the Rainbow Nation

    Fatima Bello and her husband travelled from Nigeria to Johannesburg five years ago to start a new family and find work.…

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    Sierra Leone shows signs of recovery

    One of Sierra Leone’s largest companies has announced a major new investment – a tentative sign of growth in a country hit hard by the Ebola outbreak.…

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    The digital switchover stalls

    Switching to digital TV could free up radio spectrum for mobile broadband, but many African countries will miss a June deadline. …


    Water, power…Wi-Fi?

    Treating universal, affordable internet as essential infrastructure could have broad social and economic benefits. …


    Dark days ahead for Eskom

    Power shortages are killing off South African businesses, but the power utility could be the crisis’s real casualty.…

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    The micro-industrial revolution

    As the costs of 3D printers fall, entrepreneurs are looking to the technology as an alternative way to get onto the manufacturing value chain.…

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    The reputation game

    African public relations is moving on from ‘reputation laundering’ as multinationals and local businesses look for more sophisticated communications.…

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    Taxing times for African mining

    The mining sector is likely to see restructurings and write-downs as falling commodity prices and political risk hit the industry.…

  • A truck hauls ore at Lomas Bayas open pit mine, Chile

    Commodity middlemen move out of the shadows

    In Ghana, few things say ‘welcome’ to foreign executives like a personal meeting at Aburi’s Peduase Lodge, the former summer retreat of independence icon Kwame Nkrumah, now plush accommodation for the nation’s distinguished guests.…

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    Saving Kariba

    The race is on to repair the massive Kariba Dam on the border between Zambia and Zimbabwe, as engineers warn that erosion threatens its great wall.…

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    Early-stage risk casts shadow over solar

    Investors’ reluctance to invest in the early stages of infrastructure projects in Africa is holding back the development of renewable energy on the continent.…

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    Malawi: Three wheels better than four?

    The three-wheeler motorised taxi, ubiquitous in Asia and parts of Africa, has arrived in Malawi, much to the chagrin of the minibus taxi operators who have dominated the public transport scene thus far.…

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    Has government seen the light?

    At long last, the South African government appears to be prepared to abandon euphemisms to cover up the country’s dire power situation and actually try to tackle the problem.…

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    Sustainability now the name of the game

    Global research has revealed the highly sobering and often terrifying impact of our economic activities on both the natural as well as the human environments we depend on.…


    Uber comes to Africa

    Uber, the mobile app-based taxi-calling service, has taken the world by storm, gaining praise and hostility in equal measure.…

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    Qatar Airways A350 opens new era

    As part of his job, African Business editor Anver Versi has a heavy travel schedule and sometimes seems to spend more time in the air than on the ground.…

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    Interview: Brand South Africa’s Charlotte Maponya

    South Africa is improving its infrastructure and business environment as it strives to become the preeminent hub for commercial investment into the rest of the African continent, says Charlotte Maponya, the chairperson of Brand South Africa.…

  • Kordjé Bedoumra

    Kordjé Bedoumra, master of modernisation

    Kordjé Bedoumra returned to Chad in 2012 after three decades working at the African Development Bank (AfDB), and has now become pivotal to his country’s modernisation efforts.…

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    Mining in Africa

    Although 2014 was, to quote the Queen of England, an ‘annus horribilis’ for mining in general and African mining in particular, there is no reason for the mood of gloom that seems to have descended on traders.…

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    Nigeria Elections in Focus

    This month, on the 14th (now postponed to 28th March), Nigeria, Africa’s biggest economy and most populous country, goes to the polls to elect a new President.…

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    Malawi: Little sachets of evil?

    The Malawian government is facing down pressure from civil society to ban the sale of cheap and potent sachets of liquor, which campaigners believe is contributing to problems in health and education, reports Lameck Masina.…

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    Ghana: An uninspiring and lazy tax?

    The Ghanaian Finance Ministry has released a new raft of potentially unpopular tax measures aimed at boosting government revenues and reining in an unsustainable twin current account and fiscal deficit.…

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    Nigeria: Belt-tightening time again

    The current slump in the price of oil in the global market has forced the Nigerian government to announce austerity measures aimed at cushioning its impact on the economy.…

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    Beginning of the end for ANC?

    The African National Congress is facing political turmoil as cracks appear in the ‘tripartite alliance’ between the ANC, the unions and the Communist Party.…

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    Aluminium prices soar

    Indonesia’s ban on the export of raw bauxite, used to make aluminium, and the auto industry opting to use the metal instead of steel is very good news for African producers such as Guinea, Ghana and Sierra Leone as the global price of aluminium continues to break records.…


    Air connections increase

    As members of the Somalia diaspora return home in growing numbers – emboldened by an improving security climate and apparent political progress, commercial air transport looks set to play a pivotal role in the country’s redevelopment.…


    Turkey’s bold gesture

    Without banging any drums, Turkey has been steadily expanding its presence in Africa and now has 36 embassies across the continent, including one in Mogadishu, the capital of Somalia.…

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    Ethiopia: Enters the space age

    Ethiopia has joined a handful of African countries that have space observatories and are developing space science seriously.…

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    15 CEOs to watch in 2015: Moulay Hafid Elalamy

    Moulay Hafid Elalamy, President and Founder, Saham Insurance; Minister of Industry, Trade, Investment and Digital Economy, MoroccoInvestment and Digital Economy, Morocco

    Entrepreneur and politician Moulay Hafid Elalamy is one of the wealthiest men in Africa, with a fortune estimated at $500m built in the insurance business.…

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    15 CEOs to watch in 2015: Laurence Do Rego

    Laurence Do Rego, Group Executive Director Of Finance, Ecobank, Togo

    It has been a whirlwind 12 months for Laurence Do Rego, who was suspended, sacked, discredited and finally vindicated after she blew the whistle on what she saw as unethical practices at her employer, Ecobank.…

  • Gachao Kiun

    15 CEOs to watch in 2015: Gachao Kiuna

    Gachao Kiuna, CEO, Transcentury, Kenya

    If anyone knows Kenya’s long-term prospects, it is Gachao Kiuna, who was the principal consultant on the McKinsey team that developed the country’s 2030 strategy.…

  • Chinelo Anohu-Amazu

    15 CEOs to watch in 2015: Chinelo Anohu-Amazu

    Chinelo Anohu-Amazu, Director-General, Pension Commission of Nigeria, Nigeria

    Nigeria’s economic rebasing in 2014 showed it to be the largest economy in Africa and pushed it onto the agendas of global investors.…

  • Daniel Matjila

    15 CEOs to watch in 2015: Daniel Matjila

    Daniel Matjila, CEO, Public Investment Corporation, South Africa
    A former mathematics professor, Daniel Matjila – known in the industry as “Dr Dan” – was a popular choice to run one of Africa’s most important financial institutions.…

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    15 CEOs to watch in 2015: Titus Naikuni

    Titus Naikuni, Chairman, Airtel Kenya, Kenya

    Stepping down from the CEO job at Kenya Airways in 2014 after more than a decade at the helm, Titus Naikuni, one of Kenya’s most visible executives, has shown no sign that he wants to retire quietly.…

  • Issad Rebrab

    15 CEOs to watch in 2015: Issad Rebrab

    Issad Rebrab, CEO, Cevital, Algeria

    The chairman of Algeria’s largest privately-owned conglomerate, Cevital, Issad Rebrab is reportedly his country’s first ever billionare, with a personal net worth of around $3.2bn, according to Forbes.…

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    15 CEOs to watch 2015: Sifiso Dabengwa

    Sifiso Dabengwa, CEO and Group President, MTN Group, South Africa

    As the former head of MTN’s Nigerian unit, Sifiso Dabengwa understands well that the sources of MTN’s growth probably lie outside of its comfort zone.…

  • Ahmed Heikal

    15 CEOs to watch 2015: Ahmed Heikal

    Ahmed Heikal, Founder and Chairman, Qalaa Holdings, Egypt

    At Citadel Capital, now Qalaa Holdings, Ahmed Heikal has led the creation of Africa’s largest private equity company, taking it out of Egypt and into opportunities across the continent.…

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    15 CEOs to watch 2015: Sim Shagaya

    Sim Shagaya, Founder and CEO, Konga.Com, Nigeria

    There are few companies that so aptly embody Nigeria’s nascent technology potential as…

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    15 CEOs to watch in 2015: Tony Elumelu

    Tony Elumelu, Chairman, Heirs Holdings, Nigeria

    In August 2014, Tony Elumelu was appointed chairman of the UBA Group, marking a return to the bank where he made his name as one of Nigeria’s most successful businessmen.…

  • Sim Tshabalala

    15 CEOs to watch in 2015: Sim Tshabalala

    Sim Tshabalala, Joint CEO, Standard Bank, South Africa

    Standard Bank is probably Africa’s best-known financial brand, operating in 32 countries around the world, 19 of them on the continent.…

  • James Mworia

    15 CEOs to watch 2015: James Mworia

    James Mworia, CEO, Centum Investments, Kenya

    Still in his 30s, James Mworia started at the bottom rung at Centum in 2001, working as an intern in the filing room while studying for his chartered financial analyst exams.…

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    Top business stories of 2014

    Here are some of the highlights of African Business’s year, and its viewpoint on Africa’s industries and its personalities.…

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    Will Africa take the lead in the Internet of Things?

    The emergence of connected hardware, from mobile phones to cars, could take off in African societies looking to make more efficient use of resources and money, but the technology will need to become more secure and more reliable before there is widespread adoption, writes Finbarr Toesland.…

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    Mining Roundup, 2014

    Mining Roundup, 2014


    • In South Africa, some 70,000 workers at Lonmin (right), Anglo American Platinum and Impala Platinum go on strike demanding a doubling in wages, halting about 40% of global production.

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    Smart cities in a smart Africa

    As Kilamba Kiaxi in Angola has shown, other forms of new African city need to be developed with the local markets and local needs in mind.…

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    Urban African: The Chinese example

    While African cities are growing organically, the Chinese government consciously decided that urbanisation should be made a national priority in order to create a workforce for manufacturing and industrial projects.…

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    Interview: Brand South Africa’s Charlotte Maponya

    South Africa is improving its infrastructure and business environment as it strives to become the preeminent hub for commercial investment into the rest of the African continent, says Charlotte Maponya, the chairperson of Brand South Africa.…

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    Time to challenge the global elite

    World Economic Forum co-chair Winnie Byanyima, the executive director of Oxfam, is ready to call corporate and business leaders to task on global issues of inequality, human rights and climate change when they meet in Davos this year.…

  • David Rice

    Why Africa must focus on creating local value

    African policymakers need to understand the value that their economies are creating and retaining if they are to move away from their current reliance on raw commodity exports, writes David Rice, the director of the Africapitalism Insitute.…

  • Miguel Azevedo

    African entrepreneurs go global

    African corporates need to look for global capital and expertise, and to build their local management capacity, writes Miguel Azevedo, head of investment banking for Africa at Citi

    2014 was the year in which the African corporate world definitely engaged with the international markets and these positively responded by becoming  a major source of capital to finance all the growth prospects created by the “Africa Rising” momentum.…

  • Discussion at the Wisdom 2.0 Conference. 14 February 2014.

    There are no shortcuts to nation building

    Global challenges often stem from local failures in governance, which require a huge social and political commitment to overcome, writes Paul Kagame, President of Rwanda.…

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    A 21st century approach to infrastructure

    Skills transfer, human capacity development and the creation of jobs are all central to developing an infrastructure industry in Africa that is economically and socially sustainable, writes David Welch*.…

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    Emma Sinclair: Planting entrepreneurial seeds

    Entrepreneur Emma Sinclair, the youngest person to float a company on the London Stock Exchange, was selected by UNICEF to become the first UK Business Mentor to take part in the Building Young Futures programme run in partnership with Barclays.…

  • A silver lining to the oil cloud?

    I, Anver Versi, Editor, African Business magazine has just spent two and a half weeks on assignment in Angola where I was amazed at the ambition and scale of developments taking place just a dozen years after the end of one of the most protracted and brutal civil wars in the history of modern Africa.…

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    Angola’s urban transformation

    Angola’s Minister for Urbanism and Habitat, Jose Antonio Maria da Conceiçao Silva , discusses his country’s ambitious undertaking to completely transform its urban landscape, with African Business Editor, Anver Versi.

  • dreamstime_xl_638851

    Is the Pharmaceutical industry in Africa fit for purpose?

    Africa carries around 24% of the global disease and illness burden but its pharmaceutical industry is worth less than 1% of this $857bn global industry.While the amount that is spent on healthcare in Africa is rising rapidly, access to medicine is often a matter of life and death, and demand is not based on choice but on absolute need.

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    For whom the bell tolls

    The government’s hopes that imposing tolls on Gauteng province’s expressway network would raise the funding needed to revamp the province’s roads have turned into ashes.

  • Male Pharmacist

    Pharma chains on the way

    While pharmacy chain stores are a common sight on the high streets of the US, UK or Japan, they are few and far between in most African countries.…

  • dreamstime_xl_25880411

    The battle for African generics

    Estimates vary but about half of all state health spending in sub-Saharan Africa goes on drugs, so pricing has a massive impact on the ability of health services to save and protect lives.…

  • nigeria-ebola-1

    How Nigeria beat Ebola

    Nigeria has shown that with knowledge, rapid and coordinated interventions and painstaking follow-up, the deadly Ebola virus can not only be stopped in its tracks, it can be vanquished.


    The economic impact of Ebola

    While it is still too early to be able to count the cost of the Ebola epidemic on the economies of the three West African countries effected, there is little doubt that the impact will be dire.

  • chian-copper

    China slowdown hits copper hard

    China imports around 40% of the global output of copper so any hint of a slowdown in the Chinese economy sends shivers of apprehension among producers and the countries that depend on copper exports. 

  • imQzOGwSdg7o

    Ghana’s economy: A cabinet full of bitter pills

    There was clear relief when the Ghanaian currency, the cedi, eventually stopped its alarming slide in September but few are convinced that the economy, which has been limping badly, is on the mend.


    Africa’s urban revolution

    The pace of urbanisation in Africa is so rapid that the UN estimates that by 2030, some cities will grow by 50% and some will actually double in size.

  • Young men surf the internet at a cyber c

    ICT in Africa: Focus now on broadband

    Mobile broadband has become the fastest growing technology in human history, and is credited with particular potential in developing countries where the rate of adoption is phenomenal; however, experts insist universal connectivity can only be achieved in Africa through a combination of mobile and fixed line broadband as well as innovative internet technologies.…

  • Bob-Collymore-2

    Can M-Pesa travel outside Kenya?

    Launched in 2007, the M-Pesa mobile money service – introduced by dominant mobile operator Safaricom – is used by 70% of Kenya’s adult population, and contributes 40% of the country’s GDP.…

  • dreamstime_l_35995507

    Operators selling off towers

    Since 2012, African mobile operators have been emulating others elsewhere in the world by selling off tower infrastructure to independent management firms, who then lease capacity back to the mobile companies.…

  • kaldi 3

    Ethiopia: Smell the roasted coffee!

    Raw coffee has traditionally been Ethiopia’s main export commodity but, as James Jeffrey, finds out, modern Ethiopians have acquired what seems an insatiable taste for roasted coffee.

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    NTA TV leads the pack

    On 30th September 2014, GeoPoll Research, a mobile survey platform, published a report on the top television stations in Nigeria and how they fared for viewership in the months of June, July, and August this year.

  • Aigboje Aig-Imoukhuede

    Profile: Aig-Imoukhuede

    Before his current position as president of the NSE, Aig-Imoukhuede was considered one of the strongest candidates to succeed Lamido Sanusi, the immediate past governor of Nigeria’s Central bank and now Emir of Kano.


    IIAG: Focus on governance

    The Mo Ibrahim Foundation (MIF) is convinced that good governance and leadership are the keys to African economic, political and social development, Neil Ford reports.…


    Kenya’s Ultra-Slim war

    It would seem that Kenya’s leading mobile operator Safaricom, has recently become a staunch advocate of SIM card security.…

  • 1_Akinsola-Akinfemiwa1

    Nigeria: Return of the banking czars

    Two of Nigeria’s legendary bankers, Jim Ovia, founder of Zenith Bank Plc, and Tony Elumelu, the former chief executive of the United Bank for Africa (UBA) Plc, are back leading their respective banks after a four-year enforced departure.…

  • Mozambique

    All systems on go for Mozambique LNG

    While new oil and gas production in Niger and Cameroon will be welcomed by their respective governments, there is nothing on the west coast of Africa to compare with developments in the continent’s newest province: Eastern Africa.…

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    Morocco: Casablanca moves up in the world

    Morocco has now been included in the prestigious Global Financial Centres Index (GFCI) and the North African country also hosted the launch of the 16th edition of the international ranking body.…

  • -

    Tanzania: Going nuts over cashew


    Tanzania is one of the largest producers of cashew nuts in Africa and with the world demand for this commodity set to expand substantially, the revenue potential is excellent.…


    Ghana: Bracing against Ebola syndrome

    The worst outbreak of the deadly Ebola virus has not only claimed over 2,000 lives in Liberia, Sierra Leone and Guinea, it is devastating societies and economies.…

  • Bedele Brewery packaging line photo 1

    Ethiopia: The battle of the brewers

    Ethiopia, one of the fastest growing countries in Africa, has become the arena of fierce competition among multinational beverage companies slugging it out for a bigger share of an expanding market.…

  • Mobiles in Africa

    Mobiles made in Africa

    Since the mobile revolution first began in Africa, there has been discussion of the potential for low-cost, locally made smartphones tailored to the African market.…

  • Gambian presidential elections

    Foreign Secretary Boris Johnson, said:

    I congratulate Adama Barrow on his victory in the Gambian presidential election on 1 December and President Yahya Jammeh for his statesmanship in respecting the will of the Gambian people and conceding defeat.

  • IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

    The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Guinea-Bissau’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement.[1] Completion of the reviews enables the disbursement of SDR 5.112 million (about US$6.9 million), bringing total disbursements under the arrangement to SDR 7.952 million (about US$10.8million).

  • Joint statement by ministers Dion and Bibeau regarding The Gambia’s presidential election

    The Honourable Stéphane Dion, Minister of Foreign Affairs, and the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, today issued the following statement regarding The Gambia’s presidential election:

    “Canada commends the Gambian people for peacefully exercising their democratic rights and congratulates Adama Barrow for his victory.

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