Currencies, capital markets, and the prices that move African economies.
At the time of Muammar Gaddafi’s assassination on 20 October 2011, Libya had a national reserve totaling $150 billion and zero debt. In 2014, three years after his death, records revealed that the national debt of Libya amounted to around $46.37 billion and the standard of living in
The International Monetary Fund (IMF) and World Bank were created at a conference in Bretton Woods, New Hampshire, the United States in July 1944. According to official records, the institutions were founded to implement policies that constantly evolve to respond to the economic challenges facing Europe and America. To create
The transatlantic slave trade was one of the most notorious historical epochs of barbarism, human suffering, and degradation of human dignity that the world has ever known. Even though slavery existed before in other civilizations like among the Greeks and the Romans, the transatlantic slave trade is peculiar with scholars
As the world grapples with the rapid escalation of the Coronavirus pandemic, which has had far-reaching consequences across all aspects of society, the Commonwealth Secretary-General, Rt. Hon. Patricia Scotland QC has advocated more robust and coordinated multilateral response to the crisis. In edited audio excerpts from an interview with Nimi
With its founding principles in the African Renaissance, the AFRICAN AGENDA 2063 is a 50 year developmental trajectory of the African continent. A blueprint, which is a master plan for the refurbishment of Africa into a global powerhouse of the future. It characteristically is the continent’s strategic framework that
According to a statement by the World Bank, Sub-Saharan Africa will this year suffer its first recession as a result of the coronavirus outbreak. The report highlights that this will be the first time in 25 years that the region will experience a recession. After critically assessing the situation in
National shutdowns and closure of none essential services might be the best way to curb the rampant spread of the coronavirus. Governments worldwide are trying to implement measures to ensure they successfully flatten the curve of the spread of covid19. Some African countries including South Africa and Rwanda have implemented
What is effective advertising, according to you? Is it requires creating awareness among people? Well, yes, if you are new to any business and you want people to know about you, then advertising is the option to achieve this. But what method you should consider for effective branding? Effective advertising
Africa's history is often punctuated with dark moments and there is always an impetus to continue revisiting history so that old wounds are healed. And the recurrent feature that comes out when one delves into African history is the urgent need for tremendous unity, for oneness as Africa.
Angolan billionaire and Africa's richest woman, Isabel Dos Santos has been in the centre of corruption investigations in recent weeks, and it appears things are getting worse for the former first daughter. The investigations led to the freezing of all her assets by the Angolan government. Also, many
In a continent where disposable incomes are low, upmarket mobile phones are still beyond the reach of many. Chinese cellphone makers have stepped up to provide cheap, affordable phones and they have now gained a foothold over Africa's phone market. One of the Chinese phone manufacturers that has
Ghanian MP, Kennedy Ohene Agyapong, has accused the World Bank, IMF and western nations of ganging up against President Akufo-Addo. Mr. Agyapong is the Member of Parliament representing Assin Central Constituency, in Ghana. The MP accused the World Bank and International Monetary Fund (IMF) of trying to make the president
Zambia has legalized the production and exportation of Cannabis in a bid to boost its economy. The government has said that the production of the substance will be for medicinal purposes only. Zambia is currently in a weak economic state and battling with crippling debts. Still, experts believe that the
Tanzania and Kenya have partnered to secure loans and grants from international lenders totaling over €764m (about $837.6m) to build a transport infrastructure linking Kenya and Tanzania. The massive project will boost trade and commerce in the East African region. The transport infrastructure will comprise of road and bridge
The International Monetary Fund (IMF) has informed the government of Lesotho that approval for its bailout bid is nowhere in sight. Lesotho, under the government of Prime Minister Thomas Motsoahae Thabane, approached the International Money Fund (IMF) about 18 months ago for a bailout. But it appears the Bretton Woods
Russian President, Vladimir Putin is wooing African leaders to increase their business deals with Russia. It is no secret that Africa has a large market that has the potentials of crumbling and raising the world economy; this is why the battle for Africa between world powers remains in full force.
