Latest articles from Africa

Can Nigeria's new government lead it to prosperity?

October 3, 2011

Nobody knows how many billions of dollars have been squandered by Nigerian officials since the country’s independence in 1960. By even the most conservative estimates, however, the scale of graft and bad governance has been staggering, meaning that Nigeria is still far from fulfilling its great economic potential.

New leadership prompts high hopes for change in Nigeria

October 3, 2011

Mismanagement and corruption have stifled Nigeria's economy for decades. But this year’s elections have given hope that its leaders will finally embark on the deep reforms needed to modernise the resource-rich country and enable it to finally fulfil its vast potential.

Mustafa Chike-Obi

Amcon bears the burden of Nigeria's troubled banks

October 3, 2011

By taking on their non-performing loans, Nigeria’s state-owned bank, Amcon, has played a pivotal role in ensuring that the country’s banks are up and running again just two years after their crisis. However, its chief executive is keen to stress that its work is far from over.

Tendai Biti

Zimbabwe's finance minister knuckles down to an unenviable task

September 1, 2011

Finance minister Tendai Biti has helped turn around Zimbabwe’s economy since taking office in 2009. But he faces a tough task trying to lure foreign investors to a country whose politics are still so messy. 

United states of Africa?

Redrawing the map of Africa

September 1, 2011

African countries are being held back by a lack of integration across the continent. Some say it is time to redraw the map by breaking down borders and deepening regional blocs, which will enable free trade to flourish. 

Donald Kaberuka

AFDB: All Africans must benefit from the continent's economic growth

September 1, 2011

Economically, Africa has been growing apace according to Donald Kaberuka, the president of the African Development Bank. But socially the continent is still struggling. The north African uprisings show that now, more than ever, it is time to focus on what Africans actually want.

Two-fifths of Mozambique's GDP comes from farming and food

Mozambique looks to boost fledgling capital markets

August 1, 2011

Mozambique’s capital and financial markets remain small and undeveloped, a situation that will have to change if the country is to sustain its rapid growth and diversify its economy.

Hisham Ess Al-Arab

Egypt's Commercial International Bank resilient in the aftermath of revolution

August 1, 2011

Egypt’s banks faced the most trying of conditions early this year with the overthrow of president Hosni Mubarak and the subsequent economic collapse. But Hisham Ezz Al-Arab, head of the Commercial International Bank says that businesses should thrive in a more open political system.

Mozambique's Moatiza mine

Mozambique looks beyond mega projects

August 1, 2011

Mozambique’s economy is booming and unlikely to slow down anytime soon. But the majority of the growth is down to its abundant natural resources, which has not trickled down to the bulk of the population. The government is now focusing on boosting the rest of the economy.

Ghana's banks are keen to make the most of the country's economic performance

Takeovers loom as Ghanaian banks reach inflection point

June 30, 2011

Ghana’s banks have benefited from a booming economy over the past 18 months, but they may have to start adapting to lower interest rates by expanding their capital markets services and offering more sophisticated products – or risk being bought out in a wave of consolidation.