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African economy

  • Saturday, 6 July, 2024
    South African economy
    South Africa’s Eskom expects fresh loss as it keeps lights on

    State-owned utility manages 100 days without power cuts

    A night view of Johannesburg, South Africa
  • Thursday, 4 July, 2024
    Kenya’s mass protests expose African fury with IMF

    William Ruto is latest president of developing country caught between multilateral lenders and angry population

    Protesters in Nakuru, Kenya. One holds a sign reading ‘IMF, World Bank, Modern Day Slavery’
  • Sunday, 30 June, 2024
    News in-depthTech start-ups
    Nigeria’s food delivery industry whets investors’ appetite

    Sector forecast to double in value over eight years but soaring inflation will erode families’ spending power

  • Thursday, 27 June, 2024
    South African politics
    Ramaphosa holds talks with DA after its threat to quit coalition

    South African president and pro-business party’s John Steenhuisen seek to resolve dispute over cabinet posts

    South African Président Cyril Ramaphosa, right, with Democratic Alliance leader John Steenhuisen
  • Wednesday, 26 June, 2024
    Kenya
    Kenya’s president drops tax rises after deadly protests

    Rights groups allege that at least 23 people were killed after parliament was stormed

    A protester tries to escape from a policeman during a demonstration in Nairobi
  • Wednesday, 26 June, 2024
    Special ReportEnergy Transition
    Energy poverty and funding hurdles hold back Africa’s green transition

    Proponents of continued fossil fuel use say it is the only way for the continent to industrialise

    An offshore oil platform in the ocean with a tall flare stack burning off excess gas against a backdrop of a cloudy sky
  • Tuesday, 25 June, 2024
    Kenya
    Kenya’s Ruto warns of ‘attack on democracy’ after protesters storm parliament

    President addresses nation after five killed and dozens injured when police opened fire on anti-tax demonstrators

    Protesters run to take cover outside parliament
  • Monday, 24 June, 2024
    Ghana
    Ghana strikes deal with bondholders to end debt default

    Once confirmed, agreement will lower value of $13bn of international bonds by nearly 40%

    Crowds of customers make their way through a food market covered with colourful umbrellas in Accra
  • Wednesday, 19 June, 2024
    South Africa
    Investors cheer as Ramaphosa sworn in as South Africa’s president

    Rand and equities rise after African National Congress seals power-sharing agreement with Democratic Alliance

    Cyril Ramaphosa, right, is inaugurated as South Africa’s president for a second term on Wednesday
  • Tuesday, 11 June, 2024
    Diageo PLC
    Diageo sells majority stake in Guinness Nigeria to Singapore’s Tolaram

    Spirits group scales back presence in country amid currency and economic crisis

    A picture of a Guinness can
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Africa businesses struggle to recover from Covid pandemic

    List of top 125 shows companies that have performed well in difficult times

    An illustration shows four people engaging in various shopping activities using giant smartphone screens as doorways. On the far left, a woman carries a basket on her head while opening a refrigerated section of a phone. Next, an older woman walks out of a phone carrying shopping bags. In the third phone, a young man picks fresh produce handed to him by a vendor. On the far right, a man in a red shirt, possibly a store employee, smiles and waves from behind another smartphone screen. The scene is set against an orange sky and grassy ground
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Asset managers assess Africa's best investments

    Investing in Africa is the easy bit, say some leading investment managers. Getting your money back is the problem

  • Tuesday, 4 June, 2024
    Alec Russell
    How the ANC can save South Africa

    The party may ultimately be doomed — but it could yet stave off disaster for the country

    Voters queue to cast their ballots in South Africa
  • Wednesday, 29 May, 2024
    Gold
    Bulk of gold smuggled from Africa exported to UAE, says report

    Illicit trade now accounts for about 40% of continent’s production, according to Swissaid

    A Muslim pair is looking at the display of a deal in the Goldsuq of Dubai
  • Wednesday, 29 May, 2024
    News in-depthSouth Africa
    In charts: 30 years of ANC rule in South Africa

    Election seen as a referendum on the competence of a party that has governed since the country’s first post-apartheid vote

    Montage of African and emerging market GDP figures set on a bakground of a person on a ladder attaching an ANC flag to a lamppost
  • Tuesday, 28 May, 2024
    Zambia
    Zambia to exit sovereign default as bondholders back restructuring

    Deal comes nearly four years after country reneged on debt

    Hakainde Hichilema
  • Wednesday, 15 May, 2024
    Mining
    Glencore chief backs South Africa as Anglo takeover battle rages

    Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

    Workers inspect batches of processed copper at Mutanda Mining Sarl, owned (69%) by Glencore
  • Tuesday, 14 May, 2024
    Anglo American PLC
    Anglo American plans break-up to thwart £34bn BHP bid

    CEO Wanblad makes the case to shareholders and South Africa’s president

    An Anglo American Platinum smelter plant
  • Tuesday, 14 May, 2024
    African companies
    The ranking: Africa’s Fastest Growing Companies 2024

    List of 125 includes many businesses that have overcome the Covid pandemic and the continent’s economic problems

  • Monday, 13 May, 2024
    News in-depthNigeria
    Nigeria returns to ‘orthodox policy’, says new central bank governor

    Olayemi Cardoso took over after previous chief printed money to fund deficits

    Olayemi Cardoso
  • Friday, 10 May, 2024
    Moral Money
    Société Générale among French and UK banks pulling back from Africa Premium content

    Institutions had touted Africa as a growth market that would bolster their sustainability credentials

    Palm trees flank an office block
  • Thursday, 9 May, 2024
    Anglo American PLC
    Anglo’s South Africa investors open to improved BHP bid

    Stance defies government hostility to plan that would break up national champion

    A haul truck is seen at the Mogalakwena platinum mine in Mokopane
  • Thursday, 9 May, 2024
    News in-depthAnglo American PLC
    South Africa ponders ‘corporate sunset’ for Anglo American

    Journey from industrial behemoth to takeover target reflects country’s decline as a mining powerhouse

    Striking miners in Marikana in 2014
  • Wednesday, 8 May, 2024
    Angola
    Angola agrees deal with Chinese state bank to ease debt crunch

    Africa’s second-biggest oil producer unlocks cash from a Chinese-controlled account to pay interest on a crucial loan

    Daves de Sousa gestures during an interview in 2023
  • Tuesday, 7 May, 2024
    Kenya
    Kenya president set for landmark US state visit as Russia builds Africa influence

    William Ruto hails relationship with Washington and pushes for extension of Africa trade pact

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