Imbalanced capital flows are killing African entrepreneurship
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Imbalanced capital flows are killing African entrepreneurship

Throughout my publications for Mansa Media, I’ve been steadfast in championing an evolving Africa through stories that explore the opportunities and complexity of our continent and the African diaspora. That stems from my core belief that these are critical drivers which we need to work towards standardizing. However, as we do this there are varied…

LAUNCH: THE STATE OF AFRICA 2020 CONFERENCE
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LAUNCH: THE STATE OF AFRICA 2020 CONFERENCE

Mansa Media in partnership with Afrochampions Initiative and ADS Group Launch “The State of Africa 2020”, a virtual conference of rich debates about the future of Africa post-COVID-19. Mansa media, the leading source for African business news, in partnership with Afrochampions, the pan-African business leadership network focused on regional integration and economic emancipation, and Africa…

New probe into Akinwumi Adesina could derail his quest for AFDB presidency
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New probe into Akinwumi Adesina could derail his quest for AFDB presidency

The African Development Bank which plays a key role in funding projects that fight poverty and improving the lives of people on the continent, is facing one of its biggest crises since its formation over half a century ago. The bank’s sharp dressing President Akinwumi Adesina who is due for re-election in August, is facing mounting…

African Development Bank approves $288.5 million for Nigeria COVID-19 Response Support Program
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African Development Bank approves $288.5 million for Nigeria COVID-19 Response Support Program

The loan is the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy The Board of Directors of the African Development Bank on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan…

Meeting Africa’s urgent liquidity needs while protecting its access to international markets
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Meeting Africa’s urgent liquidity needs while protecting its access to international markets

This Opinion is co-signed by the ministers of finance and / or ministers of development of the following countries: Angola, Cameroun, Djibouti, Egypt, Ethiopia, Gambia, Ghana, Kenya, Mali, Namibia, Niger, Rwanda, Senegal, Seychelles, Sierra Leone and Tunisia. As the Coronavirus pandemic storm sweeps through the world, in Africa it is leaving many economies that have…

Africa and the post-Covid19 World
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Africa and the post-Covid19 World

Like it or not the coronavirus has fundamentally changed the way we live our lives, possibly for good. In this brand-new world, a trip to the grocery store, once so harmless and carefree, now elicits paranoia and distrust. Touching or being too close to someone has become unthinkable, the virus lurks everywhere, so we keep…

SAA, African aviation’s  first Covid-19 casualty?
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SAA, African aviation’s first Covid-19 casualty?

The global aviation industry is facing a battering as the deadly coronavirus pandemic continues wreak havoc with the world economy. With so many countries around the world in lockdown, planes have been grounded, leisure and business travel has been halted, leaving the aviation sector teetering on the brink. According to the International Air Transport Association, airlines are…

Africa’s energy transition must be African at heart and in practice
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Africa’s energy transition must be African at heart and in practice

Local content policies and localization strategies cannot be forgotten in the pursuit of investment and efficiency (By Verner Ayukegba) Africa is at an energy cross-road. On one hand, the most talented, better educated, most entrepreneurial and competitive generation the continent has ever had is rising and taking on leadership positions that will propel African companies…

OPEC still has an important role to play in Global Oil Market
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OPEC still has an important role to play in Global Oil Market

(By Sebastian Wagner) Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the day. Now, in the shale oil era, not so much. I would argue that OPEC can safely state that reports of its…

Covid-19 highlights South Africa’s inequality
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Covid-19 highlights South Africa’s inequality

It has been over a week since South Africa went into a 21-day lockdown to fight the spread of the deadly Coronavirus and the divide between the haves and the have nots could not be more clear. To curb the disease, health officials advocate social distancing, frequent hand washing and staying at home. For the…

South Africa’s Covid-19 and junk status conundrum
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South Africa’s Covid-19 and junk status conundrum

When it rains it pours, in describing South Africa’s current socio-economic predicament, never has a phrase been more apt. In fact, it’s not only pouring, but Africa’s most industrialised economy runs the risk of being swept away by a tsunami that will take years to recover from. The Covid-19 crisis coupled with a credit ratings…

When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector
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When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector

The immediate effect of Covid-19 for the sector has been on the demand for crude oil, and on its prices African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being…

Equatorial   Guinea Grants Relief to Oil & Gas Services Companies
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

The country takes action to support its services industry and engages on an industry-wide dialogue to study other measures for upstream operators and ongoing midstream projects MALABO, Equatorial Guinea, March 23, 2020/ — The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services…

African Airlines amass losses due to the Coronavirus pandemic.
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African Airlines amass losses due to the Coronavirus pandemic.

African Airlines have so far lost $40m since February due to Coronavirus. The International Air Transport Association (IATA) has warned that airlines globally stand to lose $29.3bn of revenue this year due to the coronavirus outbreak, of this Africa has so far lost $400m since February due to Coronavirus outbreak. The losses have come from…

IATA requests government Aid for airlines
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IATA requests government Aid for airlines

The international air transport association (IATA) is appealing to governments in Africa to provide emergency support to airlines because air transport they say supports 6.2 million jobs. The aviation sector has been badly hit by the coronavirus pandemic leaving many airlines fighting for survival. Besides flight cancellations by passengers; several countries have imposed a complete…

Telecoms Report: Safaricom vulnerable in strength
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Telecoms Report: Safaricom vulnerable in strength

Changes in Safaricom’s ownership seem to have freed the company up for more rapid expansion into other markets. In May, UK telecoms giant Vodafone transferred a 35% stake in Safaricom to its South African offshoot Vodacom, in return for more equity in Vodacom valued at KSh260bn ($2.48bn). This left it with just a 5% stake in the Kenyan company,…

EAC-EU Trade deal friction
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EAC-EU Trade deal friction

EAC Heads of states at a previous summit. Courtesy: EAC Secretariat Impasse over EAC-EU Trade Deal threatens Regional Unity  An impasse over the Economic Partnership Agreement between the European Union and the East African Community is brewing tensions between members states that have long pledged to work as a common market. Despite requesting an extension…

Egypt concerned with Ethiopia – Israel Arms Trade
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Egypt concerned with Ethiopia – Israel Arms Trade

Israeli Spyder missile system in action. Courtesy: Financial Times Nile dilemma as Ethiopia’s Arms Trade with Israel troubles rivals Egypt Ethiopia’s installation of Israeli made air defense systems at the Grand Renaissance Dam and the increasing arms trade between both nations is triggering serious concerns in Egypt. Egypt is hugely dependent on the River Nile…

Can’t be tamed! Deep Inside Kenya’s multibillion betting industry under fierce government onslaught
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Can’t be tamed! Deep Inside Kenya’s multibillion betting industry under fierce government onslaught

Courtesy: Bet Moran In this week’s special, we critically examine why betting in Kenya is adored by millions of youths, hated by the government that collects billions from the sector and how it may well survive the recent crackdown efforts. Is it too big to tame? When the betting ship sailed into the country in…

Elleni Gabre Madhin; the brains behind agriculture transformation in Ethiopia
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Elleni Gabre Madhin; the brains behind agriculture transformation in Ethiopia

May 27, 2018 The journey to turn into one of the most powerful who left a foot print in Africa had not been stress-free as falling off a log for the notable Businesswoman and Entrepreneur. Elleni Gabre Madhin, 53. Born in Addis Ababa, Ethiopia, grew up in six different countries, enabling her to fluently speak…