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More countries will be unable to pay their debts after Covid and Ukraine, but ‘malevolent forces’ may not be the only problem
Risks are priced in with yields on the country’s sovereign bonds barely budging on the news
State electricity monopoly ‘urgently’ working with treasury to find money to buy diesel
Investors must hope a new government next year will tackle fuel subsidies and currency issues
In a reversal of fortune, west African nation now has one of world’s worst performing currencies
Finance minister says move will ensure long-term financial viability of state electricity monopoly
Unless we expect the continent to stay poor forever, its carbon emissions will rise dramatically
Anti-Corruption Commission probe in African nation is latest headache for trading house
Félix Tshisekedi says country will rely on its own army to fight militia as he pledges to push ahead with economic plans
Deal will help reassure other donors that the country is committed to reforms
Sam Matekane vows to stop landlocked country in midst of South Africa becoming ‘failed state’
Where Lusaka leads, others will follow?
Waiting for unspecified ‘progress’ to be achieved before releasing funds looted by corrupt former leaders is unconscionable
African companies ranked by growth in revenue, compiled with data company Statista. Plus: digitising informal trade and agriculture; success stories invite investment; banking on the unbanked; solar power shines; will co-working work on the continent?
Bigger than expected move comes after naira hits fresh low against the dollar
Outgoing president Muhammadu Buhari seeks to cement legacy with rebranded Nigeria Air
Chronic shortage of currency tips into crisis as African power giant fails to profit from rising oil prices
Food inflation soared to 23% in August on the back of higher cost of essentials including cereals and meat
People across continent struggle to cope with impact of weak currencies and high prices
China has built much of the continent’s infrastructure while Russia has deployed mercenaries to prop up dictatorships
Beijing was Lusaka’s biggest creditor with $6bn in loans before southern African country’s default in 2020
Economic progress has been made, but gains are being threatened by the Covid pandemic, which has squeezed economies, and the war in Ukraine, which has raised food prices
Continent needs businesses that can raise finance to invest and are competent enough to reap the gains from scale and specialisation
Covid exposed Africa’s dependence on overseas production but local initiatives show potential
Raising yields will not only improve lives but could also be an important factor driving national development
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