A digital answer to lack of accounts


Egypt is a country where cash remains king and electronic payments account for a tiny proportion of all transactions. But Ashraf Sabry, founder and chief executive officer of Fawry, the…


Anxiety over Kenya poll re-run hampers business

For Hitesh Mediratta, the prospect of Kenya holding a repeat presidential election this month stirs mixed emotions. The managing partner of PG Bison, a supplier of materials to the furniture…


Lower cost courses attract foreigners from Brics and Africa

  Miatta Momoh believes in miracles. At least that is how the Londoner describes the unlikely way she wound up on the MBA course at Peking University’s Guanghua School of…


Leader’s bold words point to need for decisive action

At a boutique in a cosmopolitan area of Accra, Ghana’s capital, fashion designer Aisha Ayensu is cheerful about prospects in the first year of the country’s new government. The climate…


Leader’s bold words point to need for decisive action

At a boutique in a cosmopolitan area of Accra, Ghana’s capital, fashion designer Aisha Ayensu is cheerful about prospects in the first year of the country’s new government. The climate…


KPMG South Africa chiefs resign over Gupta scandal

The South African scandal engulfing President Jacob Zuma and the billionaire Gupta family spread deeper into the global professional services sector on Friday when eight senior executives were dismissed from…


Safaricom eyes the prize of cross-border ecommerce

Safaricom, Kenya’s main mobile phone operator, is planning cross-border expansion for the first time, into the untapped market for ecommerce and mobile payments, according to its chief executive Bob Collymore.…


LIFE – RWANDA DIARY – LIONEL BARBER

Lean, rifle-toting soldiers patrol the spotless streets of Kigali. Rwanda’s capital is locked and loaded on the eve of Paul Kagame’s inauguration, his third seven-year term as president, having secured…


Globalisation in retreat: capital flows decline since crisis

The global financial crisis that began a decade ago has left plenty of economic and political scars. It also has reshaped the way capital flows around the world. In 2007,…


Steelmakers seek strength through mergers

With its forbidding chimneys belching smoke into the Mediterranean air, the vast Taranto steelworks on the coastline of southern Italy makes an unprepossessing poster image for the long-awaited consolidation of…


Rwandan strongman to extend rule

As President Paul Kagame of Rwanda entered a sports ground on the banks of Lake Kivu waving to supporters from the back of an open-topped vehicle, the packed crowd erupted.…


Why China’s Belt and Road Project is Not a Game-Changer for Trade

China’s emergence from near-autarky to being a giant of the world trading system is a marvel unmatched in recent history. Along with that rise has come a surge of hyperbole…


Acting On Climate Change is Africa’s Opportunity

Acting on the climate remains firmly on the global agenda. It remained a top priority for all but one of the G20 leaders who gathered in Germany this month. That…


Africa’s Hidden Government Debt Burden

Nigeria’s accumulated government debt is just 18.6 per cent of its annual economic output, one of the lowest levels in the world, implying that its debt burden is more than…


Development Frontier

With costs rising in Asia, the East African country wants to be the next low-cost manufacturing hub. But after a wave of violent unrest, its authoritarian government must deal with…


Global Insurers Worry About Cyber Crime Exposure

Loosely written policies and the relentless growth of digital crime and cyber-disasters mean insurers could already be covering significant volumes of cyber risk without realizing it, according to senior industry…


Southeast Asian Tiger Economies Look to Avoid Crisis Repeat

The financial turmoil sometimes knew in Thailand as the tom yum good crisis erupted with the baht’s devaluation 20 years ago on Sunday. The trouble quickly spread across Southeast Asia…


Private Equity Expands Horizons to East Africa

Global buyout groups are seeking Kenyan deals as Nigeria fights the recession. Buyout groups investing in Africa are turning east and shunning the oil-­rich western part of the continent as…


How to Turn a Start -Up into a Lasting Family Business

Many parents are used to providing handouts to support their adult children, whether towards the purchase of their first car or a deposit for a flat. In the case of…


Has the Global Trade Revival Run Out of Puff?

A revival of global trade this year may be running out of steam before it has got under way, with widely ­followed data indicating a slowdown in the pace of…


Ethiopia Takes the Plunge to Improve Traceability of Speciality Coffee Beans

Ethiopia, the world’s fifth­-largest coffee producer and home of Arabica, has overhauled the way it markets the commodity in an effort to increase export earnings and clamp down on a…


China Wields Its Soft Power In Africa With Some Success

Maxwell Zeken is a 16­-year-­old Liberian who lives in rural Nimba County. Asked where he dreams of studying, he says: “I want to study engineering in China and come back…


US president warned on cut to African foreign aid

US president Donald Trump risks stoking extremism in Africa and provoking a further exodus of migrants heading for Europe if he goes ahead with plans to cut funding to the…


Rainfall set to boost growth in southern Africa

Africa is back in the headlines for all the wrong reasons when it comes to food security. According to the UN, the world is enduring its worst humanitarian disaster since…


Chinese loans keep Kenya railway project rolling

Nairobi­Mombasa is first leg of line in emerging trade bloc but critics fear white elephant A few miles outside the town of Makindu on the Nairobi­Mombasa road sits a heavily…




Editorial

With a reformist administration in charge of the executive, there has b...


Agenda

The new electricity tariffs that became effective on December 1, 2018,...


Fineline

Who it is that midwifed the rapprochement between E...


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Commentary

Ethiopia’s economy is at a crossroads. The same old advice will not s...


Viewpoint

A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


Opinion

The future is bleak. Millennials and younger generations who will inher...


View From Arada

There is heated debate on the propriety, decency and morality of breast...




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