Media
Congo names new Cabinet, cementing president’s power over predecessor
Democratic Republic of Congo’s Prime Minister announced a new Cabinet on Monday, completing a government overhaul by President Felix Tshisekedi that strengthens his hold on power.
Read MoreBouncing Back: Ghana confounds sceptics by raising $3bn in eurobond sale
Ghana proved it can still access international debt markets by raising $3bn in late March. The government aims to borrow a total $5bn from markets this year, but the fact that the government’s interest costs are close to 50% of its revenue has led to analyst scepticism it can reach the target.
Read MoreZambia: Raising tax collection should help turn around economy, says analyst
The end of a consultation period between Zambia and the International Monetary Fund (IMF) this month brought a cautious signal from the fund that progress is being made following the sovereign default in November.
Read MoreSeeking carry trade: Nigeria still likely to end foreigner access to OMO bill sales
The denial by Nigerian central bank governor Godwin Emefiele that he is planning to end the access of foreigners to open market operation bills (OMOs) has left analysts unconvinced.
Read MoreAirlines: Ethiopian and Airlink may be Africa’s post-pandemic winners
Ethiopian Airlines and South Africa’s Airlink are well positioned to emerge as African industry winners from the Covid-19 pandemic, analysts say. The outlook for South African Airways (SAA) and Air Mauritius, meanwhile, is bleak. No African airline will emerge from the pandemic unscathed, says Indigo Ellis, associate director at Africa Matters in London. Passenger numbers…
Read MoreZambia: IMF debt talks unlikely to stop Lungu from trying to pawn copper to China
Discussions on debt restructuring underway between Zambia and the International Monetary Fund (IMF) will do little to disrupt the political agenda of President Edgar Lungu as he prepares for elections in August.
Read MoreTanzanian President faces spirited opposition in tense tote
Tanzanians started voting in general elections on Wednesday, with President John Magufuli’s party likely to extend its decades-long rule on the country that’s one of Africa’s top four gold producers.
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The challenges and opportunities of Africa’s Standard Gauge Railway
Africa’s Standard Gauge Railway represents a real opportunity for the continent, but construction isn’t without its challenges. “Without infrastructure, there will be no investors. Without investors, there will be no jobs for our youth.” So said the Kenyan President Uhuru Kenyatta last October, as he launched the second phase of Kenya’s Standard Gauge Railway (SGR)…
Read MoreChina’s built a railroad to nowhere in Kenya
Beijing is withholding the $4.9 billion needed to finish the project, once a flagship for Xi Jinping’s Belt and Road initiative. Gleaming concrete sleepers run across a new railway bridge in Kenya, the latest stretch of a Chinese-built line from the coast all the way to Uganda. Only, it doesn’t quite reach the border. Instead,…
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