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AfricanBUSINESS UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 icpubs@icpublications.com www.african.business FOUNDER Afif Ben Yedder PUBLISHER & EDITOR-IN-CHIEF Omar Ben Yedder | o.benyedder@icpublications.com EDITOR David Thomas | d.thomas@icpublications.com DIGITAL EDITOR Shoshana Kedem | s.kedem@icpublications.com SUB EDITORS Charles Dietz | c.dietz@icpublications.com Mike Holderness | m.holderness@icpublications.com DESIGN J V e n k a t a s a m y | j .v e n k a t a s a m y@icpublications.com HEAD OF BUSINESS INTELLIGENCE Desné Masie | d.masie@icpublications.com ADVERTISING SALES DIRECTORS Baytir Samba, Nick Rosefield, Saliba Manneh ADVERTISING advertising@icpublications.com MARKETING Emily Allen | e.allen@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Stuart West | s.west@icpublications.com TUNISIA Néjib Ben Yedder | n.benyedder@icpublications.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silv ia Salvetti Ollennu Top Reports Tel: +233 24 910 5995 top@topreports.org IC EVENTS info@ic-events.net SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park, College Road, North Aston Clinton HP22 5EZ UK Telephone + 44 (0) 1442 820580 contact@webscribe.co.uk https://african.business/subscribe PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium All pictures AFP unless indicated. Registered with the British Librar y. ISSN 0141-3929 ©2023 IC Publications Ltd CONTENTSContents Cover story: Housing the next 1bn Business Intelligence 4 News and deals around Africa Opinion 10 Paris summit boosts calls for global financial reform Cover story: Housing Africa 12 Developers seek to scale solutions to the housing crisis Features 22 Interview: Ghana’s VP Mahamudu Bawumia places education and digitalisation at the heart of his policy 42 Interview: Zimbabwean multi- millionaire Nyasha Gwatidzo is changing lives in the UK 46 Interview: Old Mutual’s Clement Chinka tells of tweaking traditional strengths as the insurance market changes 50 Interview: Uganda Development bank MD Patricia Ojangole on steering a long and thorny path to success 54 Could privatising the Suez Canal be key to Egypt’s cash crisis? 70 Kenya aims to drive climate finance conversation 72 Africa joins the race to 5G mobile connectivit y 74 Can Africa achieve ‘digital s o v e r e i g n t y ’? Special report: Singapore & Africa 28 Africa push begins to bear fruit 30 Tech firms set sights on Africa 32 Monitoring a farm in Africa from an office in Singapore 36 Singaporean firm applies itself to Africa’s home market 40 The South African bank using Singapore to expand in Asia Special report: Future of agriculture 59 African agriculture looks to the future amid shortages 62 Can AI address Africa’s agricultural trade deficit? 64 Farmers seek scarce capital 66 Opinion: Food processing is an economic opportunity 68 Interview: Africa must produce food locally: Sanne Steemers of AFEX commodities exchange Countryfiles 84 Sall’s exit announcement sparks uncertainty in Senegal 86 Human rights designation could bring Ethiopia in from the cold Review 88 How freedom was saved in South Africa Editor’s view 90 Russia-Africa relations will not prosper while war drags on

AfricanBUSINESS

UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 icpubs@icpublications.com www.african.business FOUNDER Afif Ben Yedder PUBLISHER & EDITOR-IN-CHIEF Omar Ben Yedder | o.benyedder@icpublications.com EDITOR David Thomas | d.thomas@icpublications.com DIGITAL EDITOR Shoshana Kedem | s.kedem@icpublications.com SUB EDITORS Charles Dietz | c.dietz@icpublications.com Mike Holderness | m.holderness@icpublications.com DESIGN J V e n k a t a s a m y | j .v e n k a t a s a m y@icpublications.com HEAD OF BUSINESS INTELLIGENCE Desné Masie | d.masie@icpublications.com ADVERTISING SALES DIRECTORS Baytir Samba, Nick Rosefield, Saliba Manneh ADVERTISING advertising@icpublications.com MARKETING Emily Allen | e.allen@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Stuart West | s.west@icpublications.com TUNISIA Néjib Ben Yedder | n.benyedder@icpublications.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silv ia Salvetti Ollennu Top Reports Tel: +233 24 910 5995 top@topreports.org IC EVENTS info@ic-events.net SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park, College Road, North Aston Clinton HP22 5EZ UK Telephone + 44 (0) 1442 820580 contact@webscribe.co.uk https://african.business/subscribe PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium

All pictures AFP unless indicated. Registered with the British Librar y. ISSN 0141-3929

©2023 IC Publications Ltd

CONTENTSContents

Cover story: Housing the next 1bn

Business Intelligence 4 News and deals around Africa

Opinion 10 Paris summit boosts calls for global financial reform

Cover story: Housing Africa 12 Developers seek to scale solutions to the housing crisis

Features 22 Interview: Ghana’s VP

Mahamudu Bawumia places education and digitalisation at the heart of his policy 42 Interview: Zimbabwean multi-

millionaire Nyasha Gwatidzo is changing lives in the UK 46 Interview: Old Mutual’s Clement

Chinka tells of tweaking traditional strengths as the insurance market changes 50 Interview: Uganda Development bank MD Patricia Ojangole on steering a long and thorny path to success 54 Could privatising the Suez Canal be key to Egypt’s cash crisis? 70 Kenya aims to drive climate finance conversation 72 Africa joins the race to 5G

mobile connectivit y 74 Can Africa achieve ‘digital s o v e r e i g n t y ’?

Special report: Singapore & Africa 28 Africa push begins to bear fruit 30 Tech firms set sights on Africa 32 Monitoring a farm in Africa from an office in Singapore 36 Singaporean firm applies itself to Africa’s home market 40 The South African bank using

Singapore to expand in Asia

Special report: Future of agriculture 59 African agriculture looks to the future amid shortages 62 Can AI address Africa’s agricultural trade deficit? 64 Farmers seek scarce capital 66 Opinion: Food processing is an economic opportunity 68 Interview: Africa must produce food locally: Sanne Steemers of AFEX commodities exchange

Countryfiles 84 Sall’s exit announcement sparks uncertainty in Senegal 86 Human rights designation could bring Ethiopia in from the cold

Review 88 How freedom was saved in

South Africa

Editor’s view 90 Russia-Africa relations will not prosper while war drags on

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