Tuesday, 18 Feb 2020


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South Africa Leader, Wooing Investors, Pledges End to Corruption

LONDON — South Africa’s president said Wednesday that his corruption-ridden party, the African National Congress, had lost its founding values and now faced a “Damascus moment” in trying to regain the people’s confidence and support. “We have said to ourselves: ‘We cannot carry on like this. We have deviated from the values and the principles […]

Zimbabwe’s Afro-jazz legend dies

Oliver Mtukudzi, one of Zimbabwe’s most renowned musicians, has died aged 66 after a four-decade career. He came to prominence in the 1970s as one of voices of the revolution fighting white-minority rule. His lyrics often carried social messages about HIV/Aids and coded political commentary. His 2001 song Wasakara, meaning “You Are Too Old”, was […]

Fourteen Workers Die In Rwanda After A Mine Collapse

Fourteen people have been killed in a tin mine in eastern Rwanda after a hill collapsed on them following heavy rains, officials said. “Because of recent rainfall in the area, part of the hill nearby collapsed and 14 miners who were getting ready for work were buried by land,” Fred Mufuruke, governor of Eastern province, told Reuters […]

Map Your Strategy: Building a Pan-African Insurance Company

Leadership lessons from Africa’s trailblazers By Mutsa Chironga, Georges Desvaux, and Acha Leke Nadia Fettah, CEO of Morocco-based Saham Finances, has overseen the company’s expansion from a small local firm into a leading African insurance company operating in 23 countries across the continent. Between 2005 and 2015, it increased its sales nearly tenfold, to over $1 billion. […]

Zimbabwe troops ‘used systematic torture’

A government-appointed human rights group in Zimbabwe has accused soldiers of using “systematic torture” in a crackdown on protests. The Zimbabwe Human Rights Commission strongly criticised authorities for using troops to quell demonstrations. Unrest broke out more than a week ago following a sharp rise in fuel prices. Reports have emerged of assaults allegedly carried […]

Fantasy That Mnangagwa Would Fix Zimbabwe Now Fully Exposed

By David B. Moore, University of Johannesburg As of January 18, more than 12 people had died, no less than 78 had suffered gunshot injuries, and at least 240 had been beaten and tortured by the Zimbabwean state. More than 466 had been arbitrarily arrested and detained, while hundreds are displaced or in safe houses […]

AFC Announces The Successful Closing Of A €577 Million Syndicated Debt Facility To Côte D’ivoire’s Société Ivoirienne De Raffinage

Africa Finance Corporation (“AFC” or the “Corporation”), the leading infrastructure development finance institution in Africa, is pleased to announce that in its role as Sole Mandated Lead Arranger it has successfully closed a €577 million debt financing (the “Facility”) for Société Ivoirienne de Raffinage (“SIR”) of Côte d’Ivoire. AFC’s participation was for €192 million. SIR […]

Africa Top10 News

1Should Sub-Saharan Africa Make Its Own Drugs? A comprehensive analysis of the business, economic, and public-health impact finds the potential for local production of pharmaceuticals to be a mixed bag. With imports comprising as much as 70 to 90 percent of drugs consumed in most countries in sub-Saharan Africa, many governments are considering whether it’s […]

10 Developments Shaping Africa’s Energy Sector

After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019. However, the new year also brings a new set of dynamics and challenges set to influence the future of the industry, from presidential […]