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        African economy

        • Wednesday, 18 December, 2024
          OutlookAanu Adeoye
          Unfree movement — why can’t Africans travel around Africa?

          Citizens with local passports have more difficulty moving across the continent than European and American visitors

          Aerial view of Brazzaville with the Congo River and Kinshasa, Capital of Democratic Republic of the Congo in the background.
        • Tuesday, 10 December, 2024
          South Africa
          McKinsey’s $122mn bribery settlement in South Africa sparks outrage

          Politicians and campaigners say penalty is insufficient as country struggles with corruption

          Former South African President Jacob Zuma at a press conference in October 2022
        • Friday, 6 December, 2024
          News in-depthNigeria
          How Lagos’s nightlife lost its famous energy

          Nigerian president’s economic shock therapy has gutted the middle class and the megacity’s festive party scene

          Bature Brewery
        • Friday, 6 December, 2024
          Sovereign bonds
          Ivory Coast turns to World Bank to replace costly debt

          Swap deal to buy back bonds issued in January comes as African borrowers struggle under expensive debt burdens

          Fresh fish is sold at a market in Abidjan, Ivory Coast
        • Thursday, 5 December, 2024
          Markets InsightPierre Andurand
          Cocoa market on the brink of big price surge

          A multiyear structural deficit will push up costs to inflation-adjusted highs

          A collection of cocoa pods in varying shades of yellow, green, and brown
        • Wednesday, 4 December, 2024
          Mozambique
          Mozambique’s auction of ‘tuna bonds’ fleet fails to attract single bid

          Political unrest in the southern African country wrecks attempts to sell rusting vessels

          Rows of blue and white boats in dock
        • Monday, 2 December, 2024
          News in-depthUS foreign policy
          Biden embarks on first and final Africa trip as US president with Angola visit

          African allies concerned incoming Trump administration will take stronger line on trade and security ‘reciprocity’

          Jo?o Louren?o shakes hands with Joe Biden
        • Wednesday, 20 November, 2024
          Oil & Gas industry
          Uganda targets 2027 start for world’s longest heated oil pipeline

          Financing delays blamed on protests will not derail crude project, says minister at COP climate summit

          A local farmer herds livestock near a section of the Kingfisher Feeder Pipeline
        • Sunday, 17 November, 2024
          Oil & Gas industry
          Dangote seeks billions to boost crude supplies at new Nigerian refinery

          Africa’s richest man in talks with international banks for funds as he sets sights on ending country’s reliance on imports

          Aliko Dangote
        • Sunday, 17 November, 2024
          Namibia
          Namibia seeks to double GDP growth from oil and gas finds

          Energy minister Tom Alweendo eyes economic boon as population grows restive ahead of elections

          The sun sets behind an oil drilling platform at Longbeach, Namibia
        • Wednesday, 6 November, 2024
          The Big Read
          Big Oil’s dirty legacy in Nigeria

          Who will clean up the environmental mess when Shell and others pull out of the Niger Delta?

        • Tuesday, 5 November, 2024
          News in-depthBotswana
          Botswana must mend ties with ‘golden egg’ De Beers, new president says

          Relations between African nation and diamond group frayed before Duma Boko’s election

          Duma Boko, left, walks alongside Mokgweetsi Masisi at the Office of the President in Gaborone, Botswana on November 4 2024
        • Friday, 1 November, 2024
          Adam Tooze
          Poor nations are choking on debt — we must grasp the solutions

          Political instability and meagre investment hobble large parts of the world

          Sudanese farmer Sena Abdura stands for a portrait as she prepares the land around her house to plant sorghum shortly after the first rains arrived in Kauda in the Nuba Mountains
        • Friday, 1 November, 2024
          Botswana
          Diamond-rich Botswana’s ruling party loses power after 6 decades

          Growing competition from synthetic stones hits southern African country’s economy

          Duma Boko waves to the crowd during a final rally in Botswana
        • Wednesday, 30 October, 2024
          South Africa
          South Africa cuts growth target as economic reality bites

          Lower GDP projection comes despite coalition’s charm offensive to win over foreign investors

          Enoch Godongwana, South Africa’s finance minister, at a news conference ahead of delivering his mid term budget policy statement to parliament in Cape Town on Wednesday
        • Tuesday, 29 October, 2024
          The FT ViewThe editorial board
          Does Africa need its own credit rating agency?

          A pan-continental body is not a cure-all for its debt problems

          Two workers clean the photovoltaic panels of the Boundiali solar power plant in Boundiali,  Ivory Coast
        • Tuesday, 29 October, 2024
          Fintech
          Nigeria-based fintech Moniepoint gains ‘unicorn’ status

          Company raises $110mn from investors including Google despite slowdown in fundraising for African start-ups

          Moniepoint logo and card
        • Monday, 28 October, 2024
          ReviewNon-Fiction
          The best new books on economics

          A sceptical view of the Chinese miracle, how AI could crash the economy — and tips for Rachel Reeves

        • Sunday, 27 October, 2024
          News in-depthSenegal
          Senegal energy contracts review leaves investors uncertain

          Audit threatens African nation’s hard-won reputation as reliable place to do business, critics warn

          A man walks on the beach past an offshore gas terminal
        • Monday, 21 October, 2024
          FT News Briefing podcast11 min listen
          Uber’s drive for ‘super app’ status

          The ride-hailing app is exploring a takeover of Expedia, which would be its biggest deal yet

        • Sunday, 20 October, 2024
          News in-depthBanks
          Nigerian banks race to raise capital after order to bolster balance sheets

          Central bank moves to promote stability in industry while country struggles with deteriorating economy

          Exterior of Central Bank of Nigeria headquarters in Abuja
        • Wednesday, 16 October, 2024
          Nigeria
          More than 100 killed in Nigeria fuel tanker explosion

          Incident comes as citizens in Africa’s most populous nation struggle with surge in petrol prices

          A video shows the fuel tanker burning in northern Nigeria
        • Wednesday, 16 October, 2024
          Indermit Gill
          Nigeria’s economic transformation must succeed

          Failure would set back the cause of reform across sub-Saharan Africa

          Shoppers and traders in a congested street market in Lagos
        • Sunday, 13 October, 2024
          African countries seek $5bn for new fossil fuel project lender

          Coalition of 18 nations looks to establish ‘energy bank’ as western institutions increasingly shun oil and gas

          Employees of the Afam VI power plant walk past a gas pipeline at the plant in Port Harcourt in NIgeria
        • Thursday, 3 October, 2024
          Ghana
          Ghana to exit default after two years with debt restructuring

          Deal to reduce Accra’s debt load by nearly $5bn could pave way for return to markets

          President Nana Akufo-Addo
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