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Semafor Africa
🟡 Semafor Africa: ‘Clear and predictable’
In this edition: South Africa’s presidency tussles with Eskom, the true scale of the Ebola outbreak, and Africa’s new sovereign bond ETF.
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Africa’s Amazon turns to World Bank for shock absorber
Jumia is betting that fresh capital from the IFC and existing investors will help it navigate geopolitical and supply-chain disruptions.
Afolabi Sotunde/Reuters
Africa gets new sovereign bond ETF
The new sovereign bond exchange-traded fund launched with up to $250 million in commitments.
Tiksa Negeri/Reuters
US lawmakers mull extending AGOA trade program
The US Senate passed a government funding bill over the weekend that included an extension for the program.
Monicah Mwangi/Reuters
Ebola spread undetected for months, WHO says
The revelation raises the likelihood that the latest Ebola outbreak’s true scale is far larger than previously thought.
Thomas Mukoya/Reuters
Nigeria tax breaks target $50B oil investment
Africa’s biggest oil and gas producer hopes to rekindle international interest in offshore projects.
Tife Owolabi/Reuters
South Africa’s unemployment rate hits four-year high
More than 340,000 people joined the ranks of the unemployed between April and June, pushing the total number of jobless to 8.5 million.
Siphiwe Sibeko/Reuters
Ramaphosa, Eskom spar over power grid access
The fallout pits the government’s flagship energy plan against warnings of bondholder shock.
Fridge-free vaccines could prompt Africa immunization breakthrough
Vaccines that can be stored without refrigeration have been successfully trialed in patients for the first time.
AI boosting cybercrime in Africa, warns Interpol
AI enabled 55% of reported cybercrimes across the continent in 2025.
AfCFTA signs $3.1B deal to deploy new customs system
The deal with Nigerian company Bergmans Security Consultants aims to improve trade across Africa.
Tanzania, Uganda agree plans for East African energy hub
The two countries signed an agreement with Vitol, the world’s largest independent oil trader, to transform Tanzania’s Tanga Port.
South Africa’s DA sets sights on financial capital
The Democratic Alliance party promised to end political patronage as it targets Johannesburg voters ahead of November’s local government polls.
Africa’s dealmakers bet on IPO wave
Dangote’s $5B refinery IPO could anchor a flurry of listings and M&A — and test whether Africa can turn renewed dealmaking into deeper, more liquid markets.
Cameroon president’s absence stirs health speculation
The two-month absence of 93-year-old Paul Biya, who is thought to be in Switzerland, has prompted renewed speculation about his health.
Immigration stokes economic anxiety, survey shows
Nearly two-thirds of respondents preferred to see fewer or no job seekers admitted into their country, Ghana-based polling company Afrobarometer found.
French ban on telemarketing calls could hit 50,000 Moroccan jobs
Firms making unsolicited phone calls to French consumers could pay fines of up to €75,000 a call.
South Africa’s cross-border crypto ban proposal sparks backlash
Pretoria’s attempt to pull borderless digital tokens into legacy exchange control risks isolating businesses and driving volume offshore.
African football backs FIFA’s Infantino
As other confederations abandon the FIFA president, Africa gives Infantino a lifeline.