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CorrespondentThe “case of two colors” argument—often used to describe disparities in legal treatment based on power, influence, nationality, or race—could be debated in the cases of Vikas Sagar, a former McKinsey executive, and Manuel Chang, Mozambique’s former finance minister. Their legal outcomes present a stark contrast, despite both being implicated in large-scale financial corruption
James DanielGlobal consulting giant McKinsey & Company has agreed to pay a $122 million settlement with U.S. authorities over its involvement in South Africa’s state capture scandal. The deal marks the latest effort to hold corporations accountable for their role in the corruption that crippled South Africa’s economy during the tenure of former President Jacob Zuma.The settlement comes after years of investigations into how McKinsey allegedly colluded with corrupt officials at state-owned enterprises, including Eskom (the national power utility) and Transnet (the national transport company), to secure lucrative contracts through fraudulent means.
CorrespondentThe Decline of OK Zimbabwe and N. Richards Zimbabwe’s formal retail sector is facing a severe crisis as major players OK Zimbabwe and N. Richards Group struggle to survive in a volatile economic…
James DanielSouth Africa’s retail landscape is undergoing significant transformation as Pick n Pay, one of the country’s largest supermarket chains, announces the closure of multiple underperforming stores. This move is part of a broader strategic effort to cut losses and refocus on profitable segments, particularly its discount division, Boxer.
James DanielAs of early February 2025, African stock markets have exhibited a spectrum of performances, influenced by various economic, political, and sector-specific factors. Below is an analytical overview of notable highs,…
CorrespondentHere is an overview of significant business-related criminal activities in Africa over the past year
James DanielAt SBNN, we believe in equipping entrepreneurs with the skills and knowledge to build sustainable businesses that drive economic growth. That’s why we are launching Business Development and Strategy Courses specifically tailored for African entrepreneurs. These courses will cover essential topics such as business planning, market analysis, financial management, and strategic expansion, all within the African business context.
CorrespondentA business is any entity engaged in commercial, industrial, or professional activities with the aim of making a profit. Businesses operate in different ways, but they generally fall into two…
James DanielWe’re currently raising funds to bring this vision to life. Your support will directly contribute to developing the first working prototype, a crucial milestone toward revolutionizing transportation across the continent.
James DanielTop 20 Banks in Africa Top 20 Banks in Africa Ranking Website Description 1 Standard Bank Group The largest bank in Africa by assets, headquartered in Johannesburg, South Africa, offering…
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