Stay informed with free updates Simply sign up to the Mining myFT Digest — delivered directly to your inbox. Glencore chief executive Gary Nagle issued a robust defence of South Africa’s mining sector as speculation continued that the Swiss commodity house could yet mount a rival bid for all or part of Anglo American. In … Read More “Glencore chief backs South Africa as Anglo takeover battle rages” »
Mohamed Bazoum, a quietly spoken schoolteacher-turned-politician, spent the beginning and end of 2023 in the presidential palace in Niamey, the dusty capital of Niger. While he started the year as president, he ended it as a prisoner. In July, Bazoum was ousted in a coup d’état mounted by the head of his presidential guard, Abdourahmane … Read More “African leaders gain in confidence despite setbacks” »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Somalia has demanded that Ethiopia rip up the agreement signed last week that would give Addis Ababa access to a stretch of Somaliland’s coastline, a move that has boosted the autonomous territory’s quest for statehood. … Read More “Somalia calls on Ethiopia to tear up deal with breakaway Somaliland” »
Botlhokwa Ranta had never flown before, and she was frightened of both the flight and what awaited her when she landed. By the time the wheels of the aeroplane touched the tarmac in Nairobi, she was drunk. She was 26, and it was her first time outside South Africa. Ranta’s faux-leather handbag was filled with small … Read More “The content moderators fighting for their rights” »
The world’s biggest mining project, a $20bn iron ore, rail and port development in a remote corner of west Africa, is expected to start this year after a 27-year wait beset by setbacks, scandals and several false dawns. UK-listed Rio Tinto first secured an exploration licence in the Simandou mountains in south-eastern Guinea, 550km from … Read More “World’s biggest mining project to start after 27 years of setbacks and scandals” »
Colossal statues of pharaohs on granite thrones adorn the great staircase at the Cairo’s new Grand Egyptian Museum, while a steel atrium soars above the building, engineered to draw in cooler air currents to ease the desert heat. The vast complex, which is sited close to the pyramids plateau in Giza, is nearing completion and … Read More “Treasures of ancient Egypt set to draw crowds at new Cairo museum” »
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. For years, many African countries have struggled to position themselves in relation to the climate debate raging in the global north. The continent of 54 countries, which has emitted less than 3 per cent of … Read More “African nations unite on Nairobi Declaration” »
European business schools are looking south to Africa. The continent is teeming with entrepreneurial talent, with a youthful population, rapidly urbanising economies and abundant natural resources. But many African entrepreneurs face obstacles that can hold them back, such as limited access to education, financing and mentorship. Schools based in Europe are stepping up to help … Read More “Europe’s business schools target Africa’s entrepreneurs” »
Nigerians are turning to expensive emergency loans to cover the cost of essentials, as the country’s economic woes push more people into poverty and fears grow of a consumer debt crisis. High inflation and a controversial austerity drive by the government have weighed down on Nigerians’ incomes at a time when payday loan providers have … Read More “Nigerians resort to emergency loans as austerity and inflation bite” »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A prominent investor in emerging market debt has become the latest outfit to float the idea of South Africa’s government using its central bank’s foreign exchange reserve gains to tackle the country’s rising debt burden. … Read More “Ramaphosa government faces calls to tap foreign exchange gains to ease debt burden” »
