Africa
Helios and OCP play game of bluff over fertiliser trader Solevo

The New Guard
Tanzania, Egypt, Ethiopia, Senegal

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

TanzaniaJoel Nanauka, the influencers' influencer

EgyptOmar Shoukry, head of start-up Nawah Scientific

EthiopiaLelise Neme, the government's investment champion

SenegalBabacar Ka, fund DPI's deal-maker

DRC
Trafigura's cobalt partnership threatened by top management changes at Gecamines

Even though it has not yet come into force, the Swiss trader's exclusive contract for the marketing of the DRC's artisanal cobalt has been called into question by the arrival of Alphonse Kaputo and Leon Mwine at the head of Gecamines.

Spotlight | Africa
The collapse of commodity trader Phoenix shakes up rice trade

By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm's competitors Swiss Singapore, Olam and Ameropa are now ready, thanks to their vastly expanded African network, to face the current surge in food prices.

Spotlight | DRC
'Bread king' Saleh Assi devises way around US sanctions

The Lebanese businessman has created a scheme by which he is able to continue business as usual despite being under US sanctions, which are in part on account of his alleged ties with Hezbollah.

Senegal
OCP to open new fertiliser plant as key part of West African expansion

In addition to its three small plants in Senegal, Morrocan state-run OCP will soon build a new high-capacity plant, capable of supplying several countries in the area.