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...


A continent growing in fits and starts


The “Africa Rising” narrative gained momentum around 2010. As is the way with these things, it arrived about a decade late - and just as things were about to go pear-shaped. Investors, hungry for yield, alighted on t...


Editorial

The news that the Administration of Prime Minister Hailemariam Desalegn...


Agenda

Ashenafi Beza has been in the business of renting out construction mach...


Fineline

The manner in which the current leadership of the O...


Commentary

With the rush to develop Ethiopia and make the country one among middle...


Viewpoint

A recent World Bank report entitled, “Why So Idle? Wages and Emp...


Opinion

The dark specter of evil (the begetter of war) smiles upon this earth,...


View From Arada

When people travel to a new city or town, they might notice the transpo...


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