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African economy

  • 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
  • Wednesday, 25 September, 2024
    Travel & leisure industry
    AC Milan in talks to promote war-torn DRC as tourist destination

    Central African country’s neighbour, Rwanda, already uses sports sponsorship to advertise itself

    AC Milan’s Matteo Gabbia, centre, celebrates after scoring his side’s second goal during the Serie A soccer match between Inter Milan and AC Milan
  • Friday, 20 September, 2024
    Climate change
    Western philanthropies drum up climate finance ahead of UN meetings

    African pledge comes as wrangling continues about how to fund the energy transition in developing countries

    Raj Shah
  • Monday, 9 September, 2024
    News in-depthSouth Africa
    The South African bus chief taking a stand against ‘mafia’ demands

    Transport executive takes to courts to force action against organised crime’s hold on country’s economy

    An Intercape bus that had broken through a road barrier to slip down an embankment after being shot at on its way to Cape Town, South Africa in August 2022
  • Saturday, 7 September, 2024
    Idris Elba
    Unlocking the potential of Africa’s creative economy

    Investing in the film industry can redefine the continent’s narrative

    Idris Elba
  • Friday, 6 September, 2024
    South African economy
    South African postal service on brink of collapse as ‘Day Zero’ looms

    Institution relied on by millions will be put into liquidation unless it receives a government bailout by the end of next month

    Post Office branch in Western Cape
  • Thursday, 5 September, 2024
    Chinese foreign policy
    China’s Xi courts African leaders to ward off geopolitical rivals

    Debt woes, trade imbalances and weakening domestic economy cloud Beijing summit with 50 African countries

    China’s President Xi Jinping and Zimbabwe’s President Emmerson Mnangagwa at a welcome ceremony at the Great Hall of the People in Beijing
  • Tuesday, 3 September, 2024
    South African economy
    South Africa signals more support for energy groups after Total exits gas project

    Energy minister says government could have done more to make offshore discovery commercially viable

    South Africa’s energy minister Kgosientsho Ramokgopa
  • Friday, 30 August, 2024
    Adam Tooze
    Rich countries tilt the scales when it comes to aid

    Large-scale western support for Ukraine contrasts with smaller efforts for poor countries that are in dire need

    Furaha Elisabeth applies medication on the skin of her child Sagesse Hakizimana who is under treatment against Mpox
  • Thursday, 29 August, 2024
    The FT ViewThe editorial board
    The middle-power competition in Africa

    The jostle for influence brings opportunities, but also scope for bad decisions

    A container ship arrives in Dar es Salaam, Tanzania
  • Thursday, 29 August, 2024
    The Big Read
    Could T-shirts be the way to industrialise an African nation?

    Benin is trying to achieve what few countries on the continent have managed: transform its raw materials into finished goods

  • Wednesday, 28 August, 2024
    Zainab Usman
    Africa’s petrostates are missing out on the oil boom — and it matters

    Climate activists might celebrate the contraction in production but countries need to finance their energy transitions

    Dangote Petroleum Refinery Petrochemicals in Lagos
  • Tuesday, 27 August, 2024
    FT SeriesClamour for Africa
    Turkey’s expanding leverage in Africa

    Ankara has become a political broker on the continent through soft power initiatives, deeper trade ties and growing security alliances

    Sheikh Sharif Ahmed of Somalia and Recep Tayyip Erdoğan of Turkey
  • Friday, 23 August, 2024
    FT Series
    Clamour for Africa

    This series examines the changing roles of foreign nations in key areas of African politics, security and trade

  • Friday, 23 August, 2024
    FT SeriesClamour for Africa
    The foreign powers competing to win influence in Africa

    Continent finds itself wooed by many, but few countries have yet devised a strategy to take full advantage

    A montage of world leaders meeting and protests
  • Thursday, 15 August, 2024
    Wamkele Mene
    Helping to create a single integrated market across Africa is in the west’s interests

    A lack of jobs and opportunity at home is driving the flow of migrants from the continent

    Containers stacked on a dock at the Port of Cape Town
  • Thursday, 15 August, 2024
    Paul Collier
    Economic reforms are tempting finance back to Ethiopia and Zambia

    Pockets of the African continent have found ways of giving new confidence to investors and the World Bank and IMF

    People stand at a bus station in Lusaka, Zambia
  • Tuesday, 13 August, 2024
    South African politics
    Signs of stability from South Africa’s unity government boost business confidence

    Coalition’s relatively smooth start raises hopes that the two main parties can work together in the longer term

    John Steenhuisen
  • Thursday, 8 August, 2024
    Mozambique
    Mozambique’s former finance minister convicted in $2bn ‘tuna bonds’ case

    Manuel Chang was accused of taking $7mn in bribes in scandal linked to loans from Credit Suisse and VTB Capital

    Manuel Chang at an extradition hearing in Johannesburg in 2019
  • Sunday, 4 August, 2024
    Nigeria
    Nigerian president calls for end to protests

    A dozen people have been killed in four days of unrest over soaring inflation

    Nigerian security forces patrol the streets of Lagos
  • Friday, 2 August, 2024
    Nigeria
    Nigerians take to the streets for second day of nationwide protests

    More than a dozen killed as security forces fire on demonstrators inspired by youth-led Kenyan revolt

    Security forces fire tear gas to disperse protesters in Lagos, Nigeria on August 1 2024
  • Monday, 29 July, 2024
    Ethiopia
    Ethiopia floats currency as it seeks to secure IMF deal

    Foreign exchange reform will remove market distortions but some analysts fear it will stoke inflation

    A vendor counts out Ethiopian birr banknotes at the Shola market in Addis Ababa, Ethiopia
  • Wednesday, 17 July, 2024
    TotalEnergies
    Total hands security contract for $20bn Mozambique gas project to Rwandan state-linked business

    Kigali pursues commercial expansion in the country after its army helps put down Islamist insurgency

    A satellite view of the Total Mozambique LNG project under construction in Afungi
  • Tuesday, 16 July, 2024
    The FT ViewThe editorial board
    Shock therapy alone will not cure Nigeria’s economic ills

    Tinubu’s reforms need to be bolstered by a national strategy for growth

    Nigeria’s President Bola Tinubu
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