Angola’s oil and gas industry can thrive alongside its rich biodiversity
Angola was last month said to be drafting legislation to permit prospection of oil, gas and mining activities in 14 national conservation areas. These are the Luengue-Luiana National Park, which represents part of the Kavango-Zambezi Transfrontier Conservation Area that stretches from Angola, Namibia, Botswana, Zambia to Zimbabwe. The announcement led...
Ecobank Nigeria announces pricing of its senior unsecured $300m bond
Ecobank Nigeria, a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Inc (ETI), has declared it has successfully priced its $300 million bond issuance that will mature in February 2026. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125 per...
Ecobank Nigeria announces pricing of its senior unsecured $300m bond
Ecobank Nigeria, a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Inc (ETI), has declared it has successfully priced its $300 million bond issuance that will mature in February 2026. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125 per...
Grey market: Incentive to produce charcoal illicitly or legally set to rise in Kenya
Despite a longstanding moratorium on charcoal production and trade in Kenya, current high demand for the fuel that has been enforced by expansive alternatives such as liquified gas and kerosene has given rise to a booming ‘grey market’ that now threatens to exacerbate ecological degradation. Increased production and trade in...
Centurion Plus launches Africa’s free trade area preliminary impact report
Long-awaited African Continental Free Trade Area (AfCFTA) that became operational January 1 this year, has published guidelines on how the world’s largest economic bloc by membership, will conduct business. However, it remains to be seen how the continent will resolve issues related to non-tariff barriers, such as infrastructure, that are...
Jeff Bezos, world’s second richest man retires from his company to ‘fix the Planet’
What happens when the world’s second wealthiest human suddenly switches careers? If you’re Amazon founder and chief executive Jeff Bezos, you can now spend more time with your Rich Person Pursuits. On Tuesday, Bezos announced that he’s stepping down as Amazon’s boss and will focus on The Washington Post, which...
New report: Western sources still dominate how the Africa story is told
One-third of all African stories in news outlets on the continent are sourced from foreign news services, a new report from Africa No Filter, says. The How African Media Covers Africa report highlights the fact that stories about Africa continue to be told through the same persistent and negative stereotypes...
Facebook’s oversight board to decide whether to give Trump bullhorn back
In the wake of this month’s violent insurrection at the US Capitol, Facebook suspended the account of the inciter-in-chief Donald Trump. On January 7, citing the danger that the president’s posts might incite further violence, CEO Mark Zuckerberg said the company would keep Trump off the platform “indefinitely and for...
Facebook’s oversight board to decide whether to give Trump bullhorn back
In the wake of this month’s violent insurrection at the US Capitol, Facebook suspended the account of the inciter-in-chief Donald Trump. On January 7, citing the danger that the president’s posts might incite further violence, CEO Mark Zuckerberg said the company would keep Trump off the platform “indefinitely and for...
Decathlon named official licensee of US basketball league
Decathlon, one of the world’s largest sporting goods retailers, and the National Basketball Association (NBA) has announced a new multiyear merchandising partnership that makes it an official licensee of the NBA in Africa, Asia, Europe, the Middle East and Latin America. The partnership marks Decathlon’s first partnership with a North...
