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#109 / October-November-December 2019

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What comes after the celebrations in SA?

03 EDITORIAL 06 MAILBAG 08 OBITUARY / Robert Mugabe 10

COFFEE WITH THE AFRICA REPORT / Daphne Mashile-Nkosi 12 INTERVIEW / Yoweri Museveni 16 THE QUESTION 19 Q4 / Oct. / Nov. / Dec. 38 OPINION / Elo Umeh

77 NIGERIA FOCUS The new government only has a small window of time before a ballooning demographic makes the path to development more perilous 114 It’s risks ahoy for African banks in a global era of tighter money and tougher competition

FEATURES 40 PROFILE / Team Ramaphosa After the initial euphoria, critics now say Cyril Ramaphosa does not have the foot soldiers to govern effectively. In the face of popular protests and factionalism in the ANC who can he count on to help rebuild South Africa?

52 INVESTIGATION / Kenya, the world’s fintech lab With Kenya having become a world leader in mobile-money and fintech innovations, The Africa Report looks at what is moving fast and what is broken

60 WIDE ANGLE / Keeping it together Ethiopia’s ongoing liberalisation and ethnic federalism are creating a combustible situation as ethnic groups in the country seek more autonomy on economic, political and security matters

68 CULTURE / Nigeria’s musical moment Nigerian musicians are hitting global stardom. Behind the VIP-studded parties and signings with major labels is the 110% Naija ecosystem that got them there

142 TELECOM DOSSIER MTN will focus on messaging, mobile money and streaming to keep customers in its growing ecosystem

150 JAPAN/AFRICA Tokyo hints that its infrastructure projects are better than China’s

154 LAST WORD Give credit where it’s due, writes former trader Funmi Adebayo

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4 THEAFRICAREPORT/N° 109 / OCTOBER-NOVEMBER-DECEMBER 2019

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