Accessibility helpSkip to navigationSkip to contentSkip to footer
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign In
  • Home
  • World
    Sections
    • World Home
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • Meta donates $1mn to Trump’s inauguration fund
    • Nato’s European members discuss 3% target for defence spending
    • James Dyson is right to fight for British strawberries
    • Demand for UK rented properties falls for first time since pandemic
    • Romania and Bulgaria to join EU’s Schengen free movement area
  • US
    Sections
    • US Home
    • US Economy
    • Investing in America
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2024
    Most Read
    • Meta donates $1mn to Trump’s inauguration fund
    • Nato’s European members discuss 3% target for defence spending
    • Luxury real estate brokers charged with sex trafficking
    • Dollar’s surge sparks biggest fall in emerging market currencies in 2 years
    • The western myth of the ‘guy we can do business with’
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Meta donates $1mn to Trump’s inauguration fund
    • James Dyson is right to fight for British strawberries
    • Selfridges’ Thai co-owner says it overpaid for luxury store portfolio
    • Luxury real estate brokers charged with sex trafficking
    • Demand for UK rented properties falls for first time since pandemic
  • Tech
    Sections
    • Tech Home
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
    Most Read
    • Meta donates $1mn to Trump’s inauguration fund
    • The AI agents are coming
    • Romania’s cancelled election is a lesson in social media manipulation
    • Australia to introduce ‘news tax’ on tech companies
    • Google races to bring AI-powered ‘agents’ to consumers
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
    Most Read
    • Former BP chief Looney joins board of Abu Dhabi energy group XRG
    • Dollar’s surge sparks biggest fall in emerging market currencies in 2 years
    • The astonishing success of Eurozone bailouts
    • Not too hot is a weak justification for a cut
    • UK fintech Stenn collapsed after Russia money laundering case drew scrutiny
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • James Dyson is right to fight for British strawberries
    • The western myth of the ‘guy we can do business with’
    • Romania’s cancelled election is a lesson in social media manipulation
    • The astonishing success of Eurozone bailouts
    • The AI agents are coming
  • Lex
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
    Most Read
    • Nasdaq’s board diversity rules struck down by US court
    • Why business should not ape football when it comes to pay
    • Pay UK bosses like football stars, says Lord Spencer
    • Winner Parmy Olson on AI: ‘It’s not uncontrollable’
    • Obsessed with: Vancouver’s top-quality — and inexpensive — sushi
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Mitch McConnell: ‘We’re in a very, very dangerous world right now’
    • Pat Boonnitipat expected to lose money on his debut film. It’s become an Asian cultural supernova
    • It’s party season — let the covert interiors appraisals begin
    • Murder at the Castle — Miss Merkel finds her freedom
    • Recipe Club: Bob Bob Ricard’s chicken and champagne pie
  • HTSI
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Lex
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

African economy

  • 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’

    João Lourenço 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
  • 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
Previous page You are on page 1 Next page

Join us at an FT Live event

Discover unmissable flagship events and members only communities to expand your thinking and elevate your career

FT Live
Africa Summit
Where African leaders connect with global investors and partners
Tuesday, 21 October 2025London, UK
Explore all events

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2024. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Edition:International
UK
Subscribe for full access

Top sections

  • Home
  • World
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
  • US
    • US Economy
    • Investing in America
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2024
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
  • Markets
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Lex
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports

FT recommends

  • Alphaville
  • FT Edit
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • Visual and data journalism
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Schools
  • FT Live Events
  • FT Forums
  • Board Director Programme
  • myFT
  • Portfolio
  • FT Digital Edition
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In