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Central Africa
West Africa
Southern Africa and islands
North Africa

In Focus | Africa
Moscow and Riyadh challenge Rabat on African phosphates market

A dragline carries untreated phosphate after being dropped off on a mountain at a phosphate mine at the Boucraa factory of the National Moroccan phosphate company (OCP) situated in the southern provinces. © Reuters/Youssef Boudlal

Morocco's OCP, which is the leader in the fast-growing African fertilisers market, has run into increasing competition from Russia's PhosAgro and Saudi Arabia's Maaden, particularly on its west African "home" turf. The battle has been made fiercer by the direct interventions made by heads of state and governments.

Subscribers only Mining

Central Africa

DRC
Fund manager Global Infrastructure Partners wants in on Grand Inga dam project

The company owned by billionaire businessman Adebayo Ogunlesi is in talks with the Congolese authorities concerning a potentially huge investment in the mega-project to construct dams on the River Congo.

Subscribers only Energy, Business

West Africa

Senegal
Macky Sall seeks to nationalise Akilee electric metering start-up

Senegal's President Macky Sall. © Reuters/Annegret Hilse

The Senegalese president has informed Akilee's management that the state wants to acquire a 100% stake in the Senegalese smart electricity meter startup. Since early April, this new venture has been wrangling with the national electricity supplier Senelec, which placed an order for 2.

Subscribers only Energy, Business

Nigeria
PwC's Mr Energy Pedro Omontuemhen audits books for NNPC

Pedro Omontuemhen, PwC. © PwC Nigeria/Twitter

When the state-owned oil giant NNPC retained PwC to audit the 2018 accounts of three of its subsidiaries (Napims, N-Gas and NPDC), a central role was played by PWC's lead energy consultant for West Africa, Pedro Omontuemhen.

Subscribers only Energy

Nigeria
Nigerian banking giant AFC struggles to keep expansion plans on course

In the midst of striking up new partnerships with foreign companies such as Olam and seeking new shareholders, the public-private bank Africa Finance Corp has suffered a setback at the hands of Moody's. The poor rating it received in May has been hampering its ambitious expansion plans.

Subscribers only Finance, Business

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

For African countries, taking advantage of the G20 moratorium on bilateral debt during the Covid-19 pandemic could lead to unforeseen consequences, especially in terms of their credit ratings. A number of banks and law firms have been guiding them through this financial minefield.

Subscribers only Finance, Business

Guinea
Total forced to postpone negotiations with Condé over offshore blocks

On 13 March, the Guinean president Alpha Condé approved by decree the start of talks between his country and Total with a view to reaching a deal on the terms and conditions for exploring blocks A4 and C2, only for the process to be put on hold due to the Covid-19 pandemic.

Subscribers only Energy

Southern Africa and islands

Angola, Kenya, South Africa
Rare earths: Malawi newcomer Altona Energy is already looking to expand into other countries

Mining junior Altona Energy, which, after years in coal, turned in early June to rare earths through the acquisition of assets in Malawi, already has other permits in its sights elsewhere in Africa.

Subscribers only Mining

Madagascar
Roger Kolo seeks foreign diplomatic backing for assault on last anti-Rajoelina bastion

Roger Kolo, a former political colleague of the current Senate president and leading opposition figure Rivo Rakotovao, is manoeuvring to take his place. He has been seeking the help of foreign embassies.

Subscribers only Politics

Angola
ENI Block 15/06: Lourenço bends over backwards for oil majors

The Italian major ENI has every reason to be delighted. Already galvanised by the good results in February from its Agogo-3 appraisal well, which has boosted the estimated reserves of Agogo (Block 15/06) to one billion barrels, it has now secured a three-year extension to the optional exploration phase for the block.

Subscribers only Energy

North Africa

Tunisia
Nabil Ammar and Nadia Akacha prepare ground for Kais Saied's Paris visit

President Kais Saied's maiden official visit to France from 22 to 23 June will afford Nabil Ammar an opportunity to do the diplomatic rounds in Paris, where he is tipped to take up residence as Tunisia's next ambassador.

Subscribers only Diplomacy

Morocco
Ex-Akhannouch and Boutgueray finance exec Tibari Friha goes solo

Tibari Friha has set up his own company, Best Practice Financial Consulting (BPFC), in Casablanca.

Subscribers only Business

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