Africa looks to boost growth and jobs with free-trade area



Six years ago it took almost three weeks for a shipping container to travel the 1,100km from the Kenyan port of Mombasa to Kampala, the Ugandan capital. While poor infrastructure did not help, the delays were largely dow...


ETHIOPIA TO KENYA Out of the cauldron


Efi compares his move to Nairobi to Lady Gaga’s song “Mary Jane Holland”, although his life is drug-free and he is certainly not as “rich as piss”. The resonance is more about the song’s first verse: not bein...


Multinationals seek to milk Africa’s appetite for dairy


European groups aim to tap into growth potential through expansion across the continent At Anno Walivaka’s two-acre family farm in a valley below Mount Elgon in western Kenya, daily milk production from its handful...


Ethiopian unrest triggers collapse in tourism


A wave of anti-government protests and the imposition of a state of emergency has triggered a collapse in tourism bookings in Ethiopia, underlining the effect the unrest is having on one of Africa's best-performing econo...


UK ready to shift focus of Africa aid to trade


Britain is expected to increase the focus of its African aid budget on economic and trade-related projects to try to boost prosperity on the continent while forging new partnerships after leaving the EU. Priti Patel,...


Strongman leaders more trusted than democrats


Data suggest emerging market citizens rate politicians’ standards highly Authoritarian leaders are seen as far more trustworthy than politicians in more openly democratic countries across the emerging world, accordi...


China rethinks approach after surge in lending to risky countries


A surge in overseas lending has left Chinese policy banks highly exposed to countries at risk of default, forcing a rethink that could reshape its engagement with developing economies. A Financial Times analysis show...


South Africa Treasury in line of fire as ANC factions squabble


  For investors hoping that South Africa might be over the worst of its damaging economic and political impasse, the court summons issued yesterday morning to finance minister Pravin Gordhan came as a rude awaken...


African Development Bank calls for manufacturing renaissance


African countries must begin a manufacturing renaissance to take over from China as that country's labour costs rise, and unleash investments in food and farming to secure the continent's future growth, the head of the A...


African borrowing levels surge anew


Sub-Saharan Africa is in danger of sinking back into the level of indebtedness that led the west to write off tens of billions of dollars worth of borrowing earlier this century. Between 2000 and 2011, the median rati...


Nairobi’s vibrant art market points to a boom


As Paul Onditi prepared to move his family back to Kenya after a decade as a struggling artist in Germany, his former art school professor tried to dissuade him. "How can you leave your life here and go back?" the teache...


East African nations urged to take advantage of strong growth


East African nations should take advantage of their strong economic growth to attract foreign investment at time when the continent's commodity exporters are grappling with their worst downturn in years, Kenya's central...


Blackstone-backed group strikes African oil pipeline deal


Black Rhino, the African infrastructure investor owned by US private equity group Blackstone, has made its first $300m investment in a strategically important fuel pipeline between Ethiopia and Djibouti. The deal, whi...


Official obstacles disrupt Nigeria’s Zuckerbergs


Two events in the indefatigable city of Lagos have given young entrepreneurs cause to swing between celebration and despair in a matter of days. The former came with Mark Zuckerberg's surprise appearance in the city d...


Angola oil overhaul tests ties with Trafigura


An overhaul of Angola's energy sector poses a test for Trafigura's close-knit relationship with the west African country, as the Opec member restricts spending and forges ties with rival trading houses during the prolong...


Visa plots Kenyan payments rival to Mpesa


Visa has partnered with four banks in Kenya to launch a mobile phone payments platform that will mount the first credible challenge to the country's dominant Mpesa system. The mVisa service allows people to send money...


Editorial

Last week Diriba Kuma, mayor of Addis Abeba, was in attendance for the...


Agenda

Despite widespread concerns over foreign exchange crunch in the economy...


Fineline

There could perhaps be no political party in the wo...


Commentary

With recent events in the country such as mild earthquakes, the need to...


Viewpoint

Though Ethiopia is the first African country to make modern laws, inclu...


Opinion

In the 16th Century, Polish astronomer Nicolaus Copernicus published a...


View From Arada

A mountain of garbage that had accumulated in "koshe" gave way to a lan...


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