Deputy Bureau Chief, Southern Africa
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Jul 27, 2015

With milk and roses, Africa woos private equity funds

JOHANNESBURG, July 27 (Reuters) – From milk churning in
Zimbabwe to rose growing in Ethiopia, private equity investments
in Africa have returned to pre-crisis levels and should keep
rising as funds seek bumper returns in far-flung markets.

Private equity deals in Africa totalled $8.1 billion last
year, the second highest on record after the $8.3 billion posted
in 2007, according to the African Private Equity and Venture
Capital Association (AVCA).

Jul 10, 2015

Exclusive: Nigeria’s electricity ambitions ‘not remotely realistic’ – report

JOHANNESBURG (Reuters) – The Nigerian government’s ambitions for improving electricity supplies are “not remotely realistic”, a report by experts advising the presidency says, an early blow to one of President Muhammadu Buhari’s most important reform promises.

Chronic power shortages are one of the biggest constraints on investment and growth in Africa’s largest economy. Fixing the problem was one of the key battlegrounds during campaigning ahead of a presidential election Buhari won in March.

Jul 10, 2015

Nigeria’s electricity ambitions “not remotely realistic” – report

JOHANNESBURG, July 10 (Reuters) – The Nigerian government’s
ambitions for improving electricity supplies are “not remotely
realistic”, a report by experts advising the presidency says, an
early blow to one of President Muhammadu Buhari’s most important
reform promises.

Chronic power shortages are one of the biggest constraints
on investment and growth in Africa’s largest economy. Fixing the
problem was one of the key battlegrounds during campaigning
ahead of a presidential election Buhari won in March.

Jul 9, 2015

Insight – Angolans resentful as China tightens its grip

LUANDA (Reuters) – When a halving of oil prices left a gaping hole in Angola’s finances this year, it became clear sub-Saharan Africa’s third largest economy needed help fast – and President Jose Eduardo dos Santos knew exactly where to turn.

But the multi-billion dollar loans he signed with China last month have angered Angolans who say they have been left behind as politicians and China share the spoils and Africa’s second-largest oil producer becomes ever more reliant on Beijing.

Jul 9, 2015

Angolans resentful as China tightens its grip

LUANDA (Reuters) – When a halving of oil prices left a gaping hole in Angola’s finances this year, it became clear sub-Saharan Africa’s third largest economy needed help fast – and President Jose Eduardo dos Santos knew exactly where to turn.

But the multi-billion dollar loans he signed with China last month have angered Angolans who say they have been left behind as politicians and China share the spoils and Africa’s second-largest oil producer becomes ever more reliant on Beijing.

Jul 7, 2015

Exclusive: Buhari advised to overhaul Nigerian oil sector, increase debt

JOHANNESBURG (Reuters) – Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa’s biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposal document shows.

Buhari, who won a shock election victory in March, has so far given little indication of his policy agenda as he has focused on his main election pledges of tackling corruption and a six-year insurgency by Islamist sect Boko Haram.

Jul 7, 2015

Exclusive – Buhari advised to overhaul Nigerian oil sector, increase debt

JOHANNESBURG (Reuters) – Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa’s biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposal document shows.

Buhari, who won a shock election victory in March, has so far given little indication of his policy agenda as he has focussed on his main election pledges of tackling corruption and a six-year insurgency by Islamist sect Boko Haram.

Jul 7, 2015

Buhari advised to overhaul Nigerian oil sector, increase debt

JOHANNESBURG, July 7 (Reuters) – Advisors to Nigerian
President Muhammadu Buhari have recommended a root and branch
overhaul of Africa’s biggest oil industry and increased
borrowing to help pay off $20 billion of government arrears, a
reform proposal document shows.

Buhari, who won a shock election victory in March, has so
far given little indication of his policy agenda as he has
focused on his main election pledges of tackling corruption and
a six-year insurgency by Islamist sect Boko Haram.

Jun 29, 2015

U.S. ‘deeply concerned’ after former Lesotho army chief killed

JOHANNESBURG (Reuters) – The United States said on Monday it was “deeply concerned” after Lesotho’s former army chief was shot dead last week, an incident that risks sparking instability in a small mountainous kingdom of strategic importance to South Africa.

Former Lesotho Defence Force commander Maaparankoe Mahao was shot dead by soldiers in his village home on June 25, according to local media reports. Lesotho’s government and military spokesmen did not respond to requests for comment.

Jun 17, 2015

Black challenger threatens ANC across South Africa’s racial divide

JOHANNESBURG (Reuters) – Young, charismatic and pro-business, South Africa’s first black opposition leader, Mmusi Maimane, could be the poster boy for the racially inclusive, socially equal “Rainbow Nation” envisioned by the late Nelson Mandela.

Unfortunately for Maimane, two decades after the end of apartheid, South Africa is still racially divided, starkly unequal and his party, the Democratic Alliance (DA), is struggling to shake off its image as a white, elitist movement.

    • About Joe

      "Joe is Reuters deputy bureau chief for southern Africa, covering ten countries in the region out of Johannesburg. Joe has previously been based in Abuja, Nigeria and London."
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