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Central Africa
West Africa
Eastern Africa and the Horn
Southern Africa and islands
North Africa

Spotlight | Egypt
Faced with Cairo's military grip on industry, HeidelbergCement files for arbitration

HeidelbergCement has been on the Egyptian market since 2016 when it bought parts of the local company Suez Cement. © heidelbergcement.com

First Vicat, now HeidelbergCement and its French and Italian subsidiaries have launched arbitral proceedings with the ICSID against the Egyptian state. This new setback for the cement sector, which is dominated by the army despite being open to foreign investors, could affect some of the major construction projects underway, not the least New Cairo City.

Subscribers only Business

Central Africa

Burundi
Will US stake help Rainbow Rare Earths get its mine reopened?

Activity at the Gakara mine is still suspended. © Rainbow Rare Earths

Rainbow Rare Earths is highlighting the indirect presence of the US government in its capital, as Burundi seeks to position itself as an alternative to China for the supply of rare earths to Western countries, primarily the United States.

Subscribers only Mining

DRC
Senate scrutinises finances of Lualaba and Haut-Katanga provinces

The Congolese parliament's upper house has begun an in-depth inspection of the accounts of the country's 26 provinces, in particular the two richest: Lualaba and Haut-Katanga. This will include Gécamines being looked at.

Subscribers only Mining, Politics

Congo
Pastor Ntumi reshuffles party for legislative elections

Frederic Bintsamou, otherwise known as 'Pastor Ntoumi', is putting his party in order for the 2022 legislative and local elections.

Subscribers only Politics

West Africa

Niger
Why CNPC's former blocks are back on the market

Niger Oil Co, formed by the trio Sonidep, Fonterra and Amko, failed to pay its signature bonus putting the oil ministry months behind.

Subscribers only Energy

West Africa
NSIA peddles prized assets

The Ivorian family bancassurance outfit, which has branches across Africa, is shedding some key assets. The hasty sales come as the group needs to reimburse in full a €32m loan.

Subscribers only Finance, Business

Eastern Africa and the Horn

Kenya
Johnson and Kenyatta review status of BATUK forces

Kenya's president Uhuru Kenyatta (left) and UK prime minister Boris Johnsonat the COP26 in Glasgow, on 1 November 2021. © State House Kenya/Twitter

Under pressure from the leaders of the Kenyan counties where British forces are stationed, President Uhuru Kenyatta is demanding that the troops of the British Army Training Unit Kenya - a controversial hangover from the colonial era - be subject to Kenyan law.

Subscribers only Defence, Diplomacy

Djibouti, Ethiopia
IOG fears Tigrayan advance in Ethiopia could lead to unrest in Djibouti

Djibouti's president Ismail Omar Guelleh. © Tiksa Negeri/Reuters

President Ismail Omar Guelleh ("IOG") is afraid that the Tigrayan forces' march on the Ethiopian capital, Addis Ababa, could lead to a state of instability favourable to the Afar opposition in north western Djibouti.

Subscribers only Diplomacy

Southern Africa and islands

Botswana
African Energy Resources to remove its Botswanan coal business from Australian Securities Exchange

With the business climate increasingly unfavourable for investment in coal, African Energy Resources plans to hive off its Botswanan coal assets from its Australian parent company, which is listed on the Australian Securities Exchange. They will in future be held by a non-listed company, away from the sight of conscientious investors.

Subscribers only Mining

North Africa

Libya
Haftar dodges US courts thanks to blunder from opposing side

Libyan National Army (LNA) leader Khalifa Haftar. © Esam Omran Al-Fetori/Reuters

Khalifa Haftar's long-awaited appearance before the Virginia court where he is being tried for war crimes has been postponed due to the authorities in Tripoli's interference. Proceedings against him will resume after the presidential and legislative elections scheduled in December and January respectively.

Subscribers only Politics

Morocco
Investment company Meridiam tests the ground in Morocco as it prepares to take over "New Suez"

Meridiam boss Thierry Déau. © www.ponts.org/

As it gets ready to become a shareholder of Lydec, the Casablanca water and electricity utility, Thierry Deau-led infrastructure investment company Meridiam has begun looking for other opportunities in Morocco, assisted by Nicolas Kepel's advisory company, Add Equatio.

Subscribers only Finance, Energy, Business

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