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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy

Semafor Africa

Ghana’s president offers insights on life after USAID

Accra factored an average of $154 million a year from USAID into government budgets, of which nearly half went into “critical areas” of its health system.
Ghana’s President John Dramani Mahama.Ghana’s President John Dramani Mahama. Christophe Petit Tesson/Pool via Reuters.

Ghanaian president woos investors during UK visit

President John Dramani Mahama’s trip sought to present Ghana as investor-friendly after emerging from its worst economic crisis in decades.
Ghanaian President John Dramani Mahama.Pierre Albouy/Reuters

Mozambique mining law looks to tighten state control

The southern African nation is the latest on the continent to pursue more government ownership of natural resources.
A gold miner climbs down into a mine shaft in Manica Province, Mozambique.Goran Tomasevic/Reuters

Pretoria sends envoys across Africa over migrant attacks

Mozambique said five of its citizens were killed across South Africa, while Kenya, Lesotho, and Zimbabwe have issued security advisories to their nationals.
A man draped in a Ghana flag waits to be repatriated from South Africa.A man draped in a Ghana flag waits to be repatriated from South Africa. Siphiwe Sibeko/Reuters.

DR Congo growth drives mobile infrastructure spending

Data use and mining growth are driving demand for new coverage and capacity in one of Africa’s largest underdeveloped mobile markets.
Women using their phones in Goma, DR Congo.Thomas Mukoya/Reuters

Africa’s leverage with China is growing

Beijing’s dependence on critical minerals is creating bargaining power for African governments — but debt pressures threaten to squander it.
Miners in South Africa.Miners in South Africa. Oupa Nkosi/Reuters

Rwanda wins Basketball Africa League Championship

Basketball, which for years has languished in football’s shadow, has gained a foothold on the continent since the NBA-backed BAL was founded in 2019.

Nigeria’s pension pot balloons 31%

The jump came after assets invested in domestic equities more than doubled in value, adding nearly $3 billion to the pool.

South Africa picks Ramaphosa critic for inquiry chair

The inquiry will assess whether President Ramaphosa should face impeachment, following a scandal over money at his game farm.

Barrick Mining weighs London share listing for Africa assets

The move comes as the gold mining giant seeks to move its operations from what it sees as risky regions.

US slashes visa processing hubs across Africa

The cutbacks will require citizens of countries without a hub to travel to an approved site to apply.

Iran war threatens major food shortages in Africa, S&P warns

Key fuel and fertilizer exports have been all but blocked by disruption in the Strait of Hormuz.

Senegal forms new government after PM sacked

The West African nation has been engulfed in political turmoil for weeks, but the new government is an attempt to plot a path out of a daunting debt crisis.

Violence against migrants in South Africa worsens

Mozambique said five of its citizens were killed in anti-migrant attacks across the country.

DR Congo’s Ebola outbreak is a multifaceted crisis

The disease could have spread undetected among informal workers, who often cross the country’s porous border.

‘The Boy Who Harnessed the Wind’ gets London stage debut

The musical is an adaptation of a memoir about a young Malawian boy who builds his own windmill to generate electricity during a period of famine.

DRC adds lithium to higher-tax strategic minerals list

Niobium, tantalum, tungsten, and uranium were also added to the list of minerals in the higher 10% tax bracket.

South African households grapple with water shortages

The water crisis is likely to hand the country’s main opposition parties leverage ahead of local elections later this year.