New World Bank support and some improvements in performance underpin government claims that Abuja can turn around Nigeria’s dysfunctional electricity supply industry, but with gencos going to court to obtain full payments of their bills, the outlook remains difficult – even though the project pipeline recorded by African Energy Live Data offers some reasons for…
While the U.S. and China are trying to outdo each other with import tariffs and the U.K. wants to break away from the European Union, African leaders are working on a free-trade agreement that will cover a whole continent. Talks to establish the African Continental Free Trade Area started in 2015 and while many signatures…
South Africa’s National Treasury on Thursday rallied behind Dan Matjila, the chief executive of the government’s 2 trillion rand ($160 billion) state pension fund, dismissing a Bloomberg report that said it was considering his suspension. Matjila, who has headed the Public Investment Corporation (PIC) since 2014, has come under pressure in recent weeks after an…
Although Africa has recorded strong economic growth in recent years, and will continue to do so this year, its gains will remain fleeting until it undergoes a long-awaited transition away from commodity exports and toward manufacturing. That, in turn, will require leaders who are willing to put the economy before narrow political considerations. ABIDJAN –…