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Business

Ethiopia
Abiy dithers amid deepening Addis housing crisis

A lack of hard data on the real estate market in the Ethiopian capital has deterred investors, except for a few pilot projects. Yet the city is in the throes of a severe housing shortage.

Subscribers only Business 04.06.2021

Morocco
Khattat clan moves into petrol distribution in Dakhla

Dahi Ahl el-Khattat is setting out to compete with Sahrawi businessmen on their own turf.

Subscribers only Business 04.06.2021

Spotlight | Africa
FIFA boss Gianni Infantino tightens his grip on African federations

The president of FIFA, Gianni Infantino, and the president of the African Football Confederation, Patrice Motsepe, on 4 May 2021 in Abidjan. — The president of FIFA, Gianni Infantino, and the president of the African Football Confederation, Patrice Motsepe, on 4 May 2021 in Abidjan.© Legnan Koula/EPA/Newscom/MaxPPP

Subscribers only Business 03.06.2021

DRC
West China Cement buys out Philippe de Moerloose

Philippe de Moerloose, one of the wealthiest Belgians in the DRC, has been bought out of the cement plants he co-owned with West China Cement. The Chinese giant now aims to ramp up production and become a major player in the sector.

Subscribers only Business 03.06.2021

DRC
Damning audit report casts doubt on Congo Airways' $272m fleet expansion

Allegations of embezzlement and over-invoicing at Congo Airways could not have come at a worse time for the national carrier, which is hoping to finalise the $272m purchase of four new airliners.

Subscribers only Business 03.06.2021

Morocco
'Billboard baron' Mounir el-Majidi aims to recapture urban advertising

King Mohammed VI's private secretary is using a new company, FT View, to win urban billboard contracts in a sector where his FC Com group has come under fire.

Subscribers only Business 03.06.2021

Guinea, Russia
Alpha Condé's team to woo Russian infrastructure companies in Saint Petersburg

Guinean president Alpha Condé flew a delegation to Saint Petersburg to attend the 24th St. Petersburg International Economic Forum (SPIEF) from 2-5 June.

Subscribers only Business 03.06.2021

Benin, Ivory Coast
Star architects Koffi & Diabaté secure Cotonou port contract without tender

Having already built the two residences of the Beninese president Patrice Talon, the Ivorian architects Issa Diabaté and Guillaume Koffi have been busy since the beginning of the year overseeing the building of Cotonou's maritime affairs centre.

Subscribers only Business 03.06.2021

DRC
AfDB wants Inga III mega-dam project put out to tender

The African Development Bank is in talks with DRC authorities over its support for one of the vast Grand Inga project hydro-electric dams and is keen to see companies compete to develop it. At stake is some $55m in financing and the bank's seal of approval.

Subscribers only Energy, Business 02.06.2021

Senegal
Turkey's Desan Shipyard poised to win contract for navy logistics vessel

The Turkish yard is at an advanced stage in talks with the government on a contract to supply a 100 m long logistics vessel to the navy. A major opportunity for the Turkish defence industry which is determined to win greater market share in West Africa.

Subscribers only Defence, Business 02.06.2021

Angola
Buenos Aires curries favour through spatial imagery

A year before the scheduled launch of the Angosat-2 satellite, the Argentine space agency is offering to work closely with its Angolan counterpart, against a backdrop of investments.

Subscribers only Business 02.06.2021

Gabon
Gabon tussles with IMF over loan programme

Gabon, which is due to start repaying $2bn worth of eurobonds next year, equivalent to 5% of the country's GNP, is struggling to agree the terms of a new programme with the IMF and has turned to regional banks.

Subscribers only Business 02.06.2021

Morocco
Maroc Fruit Board provides digital supply chain for Mohammed VI's orange exports

Maroc Fruit Board, the largest group of Moroccan agricultural exporters, has signed a partnership with start-up Kourtim, base in Agadir, to develop a real time shipment tracker.

Subscribers only Business 02.06.2021

Spotlight | Africa, UAE
DP World looks at using shares to fundraise

Emirati Port operator DP World is ready to open up its capital to finance growth in Africa and elsewhere.

Subscribers only Infrastructure, Business 01.06.2021

Morocco
Royal adviser El Himma takes control of TV sector via 2M and Medi 1 TV nationalisation

Through his henchmen, Mohammed VI's political adviser Fouad Ali El Himma has taken charge of the takeover of the 2M and Medi 1 TV channels by public sector broadcasting group SNRT. And he has managed to put one of his supporters in charge of public relations at the interior ministry.

Subscribers only Business 01.06.2021

Algeria
Naftal's LPG conversion scheme yet to reach top speed in wake of failed Polish partnership

Despite the urgency of the project, a plan by energy transition minister Chems Eddine Chitour to get more cars using liquid petroleum gas is still in the slow lane.

Subscribers only Business 01.06.2021

Cameroon, Nigeria, Ukraine
VP of company building stadiums for Cup of Nations halted Interpol warrant to return to Cameroon

Franck Mathière, the vice-president of the group building stadiums for the Africa Cup of Nations in Cameroon, returned to the country in April after obtaining a suspension of the Interpol Red Notice against him. The Frenchman was detained in Ukraine after Nigeria issued the warrant.

Free access Business 01.06.2021

Ghana
Israeli defence sector flexes its muscles in Accra

Numerous Israeli arms company reps are taking part in the International Maritime Defense Exhibition and Conference (IMDEC) in Accra from 6 to 8 July.

Subscribers only Defence, Business 01.06.2021

Zambia
Israel's Avnon sells Skylock anti-drone system to Lusaka

Zambia's interior ministry has awarded a contract for anti-drone defence systems to a British-Israeli joint venture formed by Skylock and Silent Sentinel. Skylock's parent company Avnon Group has considerable experience in the African security market.

Subscribers only Defence, Business 31.05.2021

Morocco
Nigeria's Cellulant plugs into Moroccan mobile money

Nairobi-based fintech Cellulant Corp is setting its sights on Morocco and its burgeoning mobile and online payments market.

Subscribers only Finance, Business 31.05.2021

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