Author Archives: Africa Business

Delivering Mozambique’s Sustainable Energy Future

As the world pivots towards sustainable energy solutions, Mozambique is positioning itself at the heart of this shift with a strategic $80 billion energy transition plan. Home to one of the largest natural gas reserves in Africa and rapidly emerging as a leader in renewable energy, Mozambique aims to harness its vast renewable resources—such as wind, solar, and hydro—while leveraging its gas reserves to foster economic growth and expand energy access.

In line with this vision, the upcoming Mozambique Gas & Energy Summit & Exhibition (19-21 November 2024) will serve as the official platform for stakeholders in the global energy sector. Hosted by dmg events and ENH, this event will bring together key players, from government officials to international investors, to explore project development opportunities and engage in discussions around Mozambique’s sustainable energy future.

The Challenges and Prospects of Passport-Free Travel in Africa Using Biometrics

An interview with Willys Mac’Olale, Director of Fragomen Kenya, on the innovative opportunities and barriers in using biometrics, particularly facial recognition, for passport-free travel.

Why Africa’s Approach to Financial Risk Management Needs to Change

Reggie Mlangeni, Head of Sales and Structuring at Absa Corporate and Investment Banking, discusses the unique challenges Africa faces in financial risk management, highlighting how traditional strategies often fall short in the continent’s volatile markets. The article calls for a re-evaluation of risk models, emphasizing the importance of tailored strategies, diversification, and the use of advanced technologies like AI and Machine Learning.

Fintechs need to overcome regulatory barriers that limit access to financial services for underserved communities

Nikki Kettles, Licences and Payments Regulation Executive at Mukuru, discusses how regulatory barriers often limit fintech innovation and hinder access to financial services for these communities. She highlights the importance of collaboration between fintechs and regulators in overcoming barriers to innovation and expanding access to financial services for underserved communities. Mukuru’s success in holding 49 licenses across 15 countries underscores its deep commitment to working closely with regulators while expanding financial access.

African companies must recognise strategic M&A as the most viable exit strategy, says investment bank CEO

Victor Basta, CEO of investment bank DAI Magister, discusses the ways in which African CEOs can maximise valuations by ensuring they are bought (not sold). This includes leveraging increased interest from overseas acquirers, ensuring buyers possess the financial capacity to meet expected asking prices and stress-testing business plans to stand up to buyer due diligence.

Construction of Club Med South Africa Progresses To 2026 Opening

Construction of Club Med’s first Resort in South Africa is in full swing, and the excitement is building as it moves steadily toward its scheduled opening in July 2026. Officially named Club Med South Africa, this unique destination promises to deliver the perfect mix of beachside relaxation and safari experiences.