Currencies, capital markets, and the prices that move African economies.
The election of David Malpass as the new president of the World Bank Group is evidently predictable by trends and patterns of appointment to the highest office of the Bank. Trump pick, Mr Malpass’ five-year term will begin on April 9 after the expiration of Jim Yong Kim's
The judicial challenge launched by the South Africa Mining Council against the implementation of the Mining Charter that was issued last year reeks of neo-colonialism, colonial privilege and is threat to the attainment of economic freedom in South Africa. The 2018 Mining Charter included a number of key changes to
It is no news that China holds African countries by the leash, but not eSwatini! China is attempting to persuade eSwatini to break diplomatic ties with Taiwan, but the small landlocked Southern African country is resisting these attempts. eSwatini’s King Mswati III, while visiting Taiwan President Tsai Ing-wen in
On 18th November 2015, the National Assembly of Kenya published in the Special Issue of Kenya Gazette Supplement Number 185 (National Assembly Bill Number 62), a Bill titled “The Banking (Amendment) Bill 2015” together with a Memorandum of Objects and Reasons. The objects published stated, inter alia: 1. That its
A Nigerian E-commerce platform, Jumia is to become the first African start-up to be listed on the New York Stock Exchange . Jumia could go public on the NYSE as early as April. The company was valued at $1 billion in 2016, offers a range of online goods and has branched
Rwanda is proving to be a favourite for the investors, and the amount of investment in the country as of now speaks volumes as regards the level of confidence the investors have in Rwanda. Its fast-growing economy is highly credited for luring investors to the country. As it stands right
Statistics released in 2018 by the International Monetary Fund (IMF) for 2017 reveals Nigeria and South Africa are the largest economies in Africa with a combined GDP of around$750 billion. Conscious pragmatic efforts will have to be made especially in strengthening the non oil sectors if the continent wants
European shares have remained steady, while stocks in Asia are showing some frenzies amid increasing optimism over potential progress in US-China trade negotiations. Yes, that sounds nice to Bretton Woods but there's a caveat, who's going to pay for it? That's definitely not Mexico
Regional currencies and indeed economic integration has become skeptics' wild card after Brexit. Many analysts believe that if the European Union (EU) could wake up to nationalistic moves, the issues relating to Greece and slower economies and migration challenges, Africa's regional integration may just be a Utopia.
The activities of China in the African continent have raised a lot of concerns in recent times with critics faulting their intentions which they believe are cheap and shrewd ploys to gain undue dominance in Africa. China has become a major stakeholder in key sectors like Construction, Business, Security, Health,
Remittances coming from migrant workers from all over the world make a major contribution to the African economy. While the impact of these money transfers differs from country to country, it’s a fact that in many places they play a crucial role not only for the families of workers.
Nigeria and Kenya led the countries represented in the report of Companies To Inspire Africa 2019, with 97 and 66 firms respectively. “Nigeria further built on its leading position established in the 2017 report with strong representation from the industry and technology and telecoms sectors,” the LSEG said in an
The central bank is an independent national authority integral to the economy of any country by conducting duties such as regulating banks, setting the monetary and fiscal policies to stabilize the currency and prevent inflation and carrying out economic research. The institution is in charge of the country’s wealth,
As the economic crisis is biting Zimbabwe and hitting hard on the citizens, the country's finance minister, Mthuli Ncube said that Zimbabwe cannot afford to adopt the Rand as of now. Before getting into office as the finance minister, Mthuli Ncube had always advocated for the adoption of
The clean up in Ghana's financial sector has seen yet another set of casualties, as two banks got there licences revoked. Central Bank of Ghana on Saturday disclosed the revocation of the operating licences of both Premium Bank and Heritage Bank. For Heritage Bank, Addison explained that while
Reports from Kenya suggest the country could lose Mombasa Port to China if Kenya Railways Corporation defaults in the payment of a loan from Exim Bank of China. The country used Mombasa port to secure the loan which was taken from the Chinese bank to finance construction of the standard
