Top stories around Africa this week

No one wants Barclays Africa yet. Plans by the Public Investment Corp. to form a group made up of black shareholders to buy a stake in Barclays Africa Group Ltd. are being hindered because the South African investors are struggling to raise financing, according to people familiar with the matter.

Can tech feed Africa? Africa’s food challenge is two-pronged. A population growing at astronomical speeds on one hand and a continent threatened by climate change on the other hand.

Mineral Benefication. As East Africa economies prepare to upscale its oil and gas industries two main issues should be considered, one the value addition of the entire petroleum products and the other creating a new long term competitive advantage in the eastern Africa countries.

You’re fired! Angolan President Jose Eduardo dos Santos dismissed Armando Manuel as finance minister of Africa’s biggest oil producer as economy struggles.

Power to Benin. Aggreko has won a bid to supply 100 MW of ADDGAS-generated power to Benin. The company is a leading global provider of modular, mobile power and adjacent product solutions.

African states are borrowing, but can they repay? Africa needs solutions as its sovereign external debt position has been rising faster than its GDP and the repayment period is fast approaching.

South Africa escapes recession. South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded.

Not over yet.  PMI suggests Nigerian economy hasn’t reached bottom yet.

Painting Africa Orange. With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d’Ivoire and Guinea), French telco Orange has further strengthened its position as a major player in the mobile financial services segment in Africa.

Doing business in Nigeria. The business environment in Nigeria is hobbled by many challenges. These include deficient infrastructure, erratic power supply, foreign exchange shortages, high inflation, currency volatility, corruption, high capital cost, red tape, high rentals, as well as excessive and unpredictable regulations.