Latest Updates from Reuters

Old Mutual Wealth’s client inflows rise as parent works on break-up

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(Reuters) – Financial services group Old Mutual Plc’s UK asset management business reported its higher ever quarter for client inflows and funds under management for the first three months of the year, citing increased demand for its services and platform. Old Mutual Wealth forecast that markets would remain volatile and challenging in the medium term,...

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Zimbabwe says has met all conditions to clear arrears to World Bank, AfDB

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HARARE (Reuters) – Zimbabwe has met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible future funding from the International Monetary Fund, its finance minister said on Thursday. The southern African nation in October last year cleared its 15-year-old financial arrears with the IMF, in a...

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Libya’s Sharara, El Feel oilfields restart after pipeline protest

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By Ahmad Ghaddar and Ahmed Elumami LONDON/TRIPOLI (Reuters) – Libya’s Sharara oilfield has restarted after the end of protests by an armed group that had blocked pipelines there, National Oil Corp (NOC) chairman Mustafa Sanalla said on Thursday. No details were immediately available about output at the field, which has a production capacity of nearly...

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Iraq says will go with consensus at next OPEC meeting

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PARIS (Reuters) – Iraq will go with the consensus reached by OPEC when the exporting group meets in Vienna next month to discuss an extension of the group’s deal on production cuts, the country’s oil minister said on Thursday. “Now we’re going on the 25th of May to OPEC and we’re definitely going to be...

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Leaders

Mark Shuttleworth: Africa’s first dot com millionaire

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Mark Shuttleworth is Africa’s first dot com millionaire, the first African in space, and arguably one of South Africa’s greatest entrepreneurs.

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Andrew Mupuya is an award winning entrepreneur, and he’s not yet 25

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Andrew Mupuya is the 24 year old, award-winning businessman who began his company with only $14

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Why Forbes thinks Isaac Oboth is one of Africa’s finest young entrepreneurs

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Isaac Oboth was orphaned and impoverished, yet today he runs one of Africa’s most dynamic young companies.

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Stephen Saad : Entrepreneur of the Year at the All Africa Business Leaders Awards

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South African pharmaceuticals billionaire, Stephen Saad, wins AABLA’s prestigious Entrepreneur of the Year Award.

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Politics

Shuffling the Deck: Saudi Arabia favors new minds over lifetime politicians

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Mohammed Al-Jadaan has replaced Ibrahim Al-Assaf as Minister of Finance for Saudi Arabia.

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Claver Gatete named African Finance Minister of the Year

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Claver Gatete has been recognized for his expert handling of Rwanda’s economy despite strong global headwinds.

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Brexit, the EU and Africa: The Ghost of the Future

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The news of Britain’s decision to leave the European Union in June shocked the world, causing currency crises in a number of African countries. The UK’s departure from the EU will have serious consequences for Africa: the UK has been Africa’s biggest ally in the EU, and without their reputation the future of the continent is uncertain.

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No place to hide: Nigerian government cracks down on corruption.

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Nigerian government raid exposes corrupt Supreme Court judges and implicates senior officials.

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Business

Africa’s first online shopping mall looks to make its mark

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Odjala is Africa’s first online shopping mall, and it aims to change the way the continent shops.

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Israeli start-ups raise a record $4.8 billion in 2016

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Israeli start-up’s raised a record breaking $4.8 billion in funding in 2016 establishing Israel as the most exciting and active tech ecosystem outside of the United States

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Kenya’s ride hail market shows African businesses adapting to global trends

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When global brand Uber entered Africa, the local markets put their own take on the technology, with Kenya leading the way.

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Ibrahim Hissein Bourma is the 27 year old millionaire with big dreams for Chad’s future.

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After only 7 years in business, Ibrahim Hissein Bourma is one of Chad’s most successful entrepreneurs, but he is hungry for more.

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