Sub-Saharan Africa has shown mixed resilience to the energy crisis ongoing since the beginning of 2021. The situation has escalated, further worrying analysts. Denominated in the US dollar, the major indexes representing the SSA stock markets posted a positive annual performance at the end of September 2021. This suggests potential gains for investors at the end of the year. Zambia’s stock...

The Ethiopian Prime Minister Abiy Ahmed (pictured) was sworn in today October 4 for a second term. For the next five years, the PM will have to address many political, security, and economic challenges. One of them is the conflict in Tigray where thousands of people have been pushed into famine. The battle continues between government forces and the Tigrayan People's Liberation Front (TPLF),...

The International Consortium of Investigative Journalists sparked a global debate with its “Pandora Papers” leak that exposes the secret wealth of political leaders worldwide. Forty-three of the names in the document are Africans; 10 Nigerians, 9 Angolans and the others come from Morocco, Côte d'Ivoire, Ghana, Chad, Gabon, Congo Brazzaville, Kenya, Zimbabwe, and South Africa. The Kenyan...

The 6th edition of Bolloré Group's solidarity race, Marathon Day, was held this year from 23 to 30 September in a hybrid digital-physical format. Employees from all over the world came together with the same objective: to cover as many kilometers as possible by walking, running, cycling or dancing. In the end, 12,267 participants from 91 countries took up the challenge from all over the world,...

Africa-focused private equity firm Development Partners International (DPI) has sold part of the share it holds in fast food group Food Concepts for an undisclosed amount. The London-based private equity firm will retain a majority stake in the company, which operates in Nigeria and Ghana under the "Chicken Republic," "PieXpress," and "Chop Box" brands. DPI sold its 31% stake to African Capital...

After it negotiated the restructuring of its debt with public creditors, Chad began talks with private partners. Oil group Glencore, one of these partners, already reached a debt restructuring agreement with N'Djamena in 2018. The World Bank is calling on Chad's private creditors to accelerate their efforts to help the country deal with its debt. The information was made public in a statement...

Access to a traditional bank account remains difficult for a large segment of the population in Africa, which does not facilitate international transfers of funds from one bank account to another. Today, mobile money is an alternative to bank accounts and an asset to facilitate money transfers in Africa.   MTN Congo is the leader in mobile money in Congo-Brazzaville, which offers these...

The German government will contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 September as part of the UN...

Africa is increasingly positioning itself as a stronghold of the global cryptocurrency market. With increased investment in the continent's exchange platforms, this momentum is expected to continue. Pan-African cryptocurrency exchange platform Yellow Card announced it has closed a $15 million Series A funding round to pursue its expansion  in Africa and launch new products. Since it...

Birimian, the first operational investment company dedicated to African luxury and premium heritage brands, has selected the finalists of its first call for applications (see list below). These finalists will join the acceleration program IFM- Birimian Accelerator x Africa, in partnership with Institut Français de la Mode (IFM). The designers selected will also be highlighted at the Première...