Currencies, capital markets, and the prices that move African economies.
"The budget is not just a collection of numbers, but an expression of our values and aspirations." - Jack Lew Kenya appears to be the Budget cash cow of East Africa. Yesterday was the ‘day of budgets’ in the East African region, as Kenya, Uganda, Tanzania, and Rwanda
"I want people to understand, gambling is not a bad thing if you do it within the framework of what it's meant to be, which is fun and entertaining." - Michael Jordan The much-anticipated Budget for Kenya has been released. Kenyan gamblers, smokers, and drinkers will
The performance of South Africa’s economy has fluctuated wildly over the course of the last decade, but at present it appears to be trapped in a state of enduring decline. Domestic growth certainly languished during the first quarter of 2019, as the economy shrank by a whopping 3.2%
It has been just a few months since Botswana spat in the face of conservationists when it lifted the ban on elephant hunting and its Eastern neighbour is planning to follow the same route. Zimbabwe has demanded that it is allowed to sell its accumulated stockpile of ivory to raise
History was made as the African Continental Free Trade Agreement legally came into effect at midnight. However, the countries that have signed it have until July to work out the details of how it will work. Only them will we start to see what difference the agreement will make. Related
Cannabis Consumption in Africa is growing so fast, yet still regarded as illegal in most countries on the continent. Hypocrisy is failing to convert a well consumed commodity for greater economic gains when in fact, it is always out there through black market. In a recently released report, indicates that
Badagry was founded in the early 15th Century on a lagoon off the Gulf of Guinea, its protected harbor led to the town becoming a key port in the export of slaves to the Americas, which were mainly to Salvador, Bahia in Brazil. It was also such a big departure
How would it feel for African nations to be debt free? Would the Debt-for-Nature Initiative help to achieve this dream? In light of the worsening debt situation in Africa, there have been some humanitarian initiatives to solve this problem. A good example is the Debt-for-Nature Initiative. The World Wildlife Fund
"Infrastructure alone won't end poverty. The World Bank had to learn this lesson, too. While we believed too much in bricks and mortar in our early days, we now understand that bringing together funding, technical expertise, and tested knowledge goes much further." - Sri Mulyani Indrawati
The International Monetary Fund said on Wednesday that Tanzania had not consented to the release of an official report on the East Africa economy. The report is part of the lender’s annual check-ups of member country economies and analysis of the statistics from the government. “On March 18, 2019,
Trading Bitcoin can be very risky, and this is because the price of Bitcoin is generally volatile. But good traders know how to take advantage of this volatility and use it to their profit. Their ability to make profit out of Bitcoin is due to a combination of luck, skill,
A World Bank report has revealed that money sent by immigrants to their home countries in sub-Saharan Africa reached a record $46 billion in 2018. This represents a 15% jump in remittances from the previous year, the largest annual growth for any world region. The remittances surpass the $27 billion
Every citizen of a country in the African continent walks around with a huge debt tag hanging from his/her neck. If a country is indebted, then its citizens are not free. What this means, in essence, is that Africans are yet to gain their freedom and this is disheartening
Ghana will be the fastest-growing economy in the world this year, according to the International Monetary Fund. The lender’s growth forecast of 8.8 percent for the producer of cocoa, gold and oil is more optimistic than the 7 percent that had been forecasted by the Ghanaian government. According
The World Bank group has categorised 19 other African countries that did not show any progress in their economic performance between 1995 and 2018. The new findings, titled Africa’s Pulse which was released on the 8th of April, 2019 is a reflection of issues shaping Africa’s future. The
Have you ever wondered why the West always frowns at policies that tend to fight against Africa’s dependency on foreign aid? Why was the West so concerned and irritated when Kwame Nkrumah preached against Africa’s dependence on foreign aid in the 1960s? Why was there pandemonium in Europe
