Finance

South Africa
Parliamentary committee chairs still in post despite damning Zondo report

The African National Congress leadership has taken no concrete steps to urge three MPs to step down from their key roles even though they have been named in the explosive corruption investigation.

Equatorial Guinea
Behind-the-scenes of Trident, Kosmos and Panoro extension negotiations on Okume and Ceiba

Trident, Kosmos and Panoro have hit the jackpot in obtaining extensions of more than 10 years of their production licences on these two fields. The three companies will thus be able to increase their exploitable reserves by several million barrels.

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.

In Focus | Chad, Nigeria
The secret story of Déby clan's links with Nigerian mogul Ali Modu Sheriff

The vastly wealthy businessman and former governor of Borno State, Ali Modu Sheriff, formed powerful business and matrimonial ties with Chad during his time in politics. He has continued to nurture these relations since Idriss Déby's death last year.

Kenya
Kenyatta clan determined to hold on to prosperous Nakuru County

State House is following with great interest the battle for the governorship of Nakuru, the fourth largest city in the country. Located at a strategic crossroads, the county of which it is the capital is one of the Kenyatta bastions that is in danger of falling into the hands of his deputy president.

South Africa
Southern Palladium fields heavyweight management team in bid to join PGM elite

As the South African platinum-group metals sector consolidates, Australian junior Southern Palladium is hoping to carve out a niche among the giants.

Southern Africa
Vedanta Zinc on the hunt for new CEO

Having been run by a management committee for two years, Vedanta's zinc subsidiary is looking for a new CEO to support its strategy to increase production.

Africa
Africa free trade summit slated for November

The African Continental Free Trade Area (AfCFTA) is due to hold a summit this coming November.

Morocco
MEGP gas flow reversal operation ready but supply contracts yet to be signed

Rabat and Madrid have completed their preparations to reverse the flow of gas in the Maghreb-Europe Gas Pipeline, enabling Morocco to receive gas from Spain. It is still not known, however, which company will supply Morocco's gas to Spain's reception terminals.

The New Guard
Senegal, Guinea-Bissau, DRC, Ethiopia, Libya

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

SenegalMamadou Fall Kane, presidential oil adviser, branches out into mining

Guinea-BissauSaico Umaro Embaló, the president's nephew and Turkey envoy

DR CongoArthur Omar Kayumba, Tshisekedi's Grand Inga irritant

EthiopiaWintana Shimelis, in charge of the UK's Diageo in Addis

LibyaAhmed al-Sharkasi, the PM's low-key advisor