Currencies, capital markets, and the prices that move African economies.
All Progressives Congress (APC) lawmakers and their Peoples Democratic Party (PDP) counterparts exchanged blows during the presentation of the 2019 by President Muhammadu Buhari on Wednesday. Trouble started after some APC lawmakers seized the placards which some of their PDP colleagues planned to use in protesting against the president. Some
Zimbabwe’s inflation soared to a fresh 10-year high of 31.01 percent year-on-year in November from 20.85 percent in October after prices of basic goods spiked, amid an acute shortage of dollars that has made imports expensive. On a monthly basis, prices increased by 9.2 percent in
It seems we are all debtors in a world where governments borrow on behalf of the citizens. Latest figures from the International Monetary Fund IMF reveals that the world debt has hit an all-time record of $184 trillion, an upward review from the $182 trillion it reported just last week.
When looking at Africa in a global map, you see one solid mass of a beautifully shaped continent. Inside it, there are 54 independent states. It is home to 16 percent of the global population or about 1.25 billion people. Surprisingly, the median age is just 19 years. Two
"I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that's usually for a reason." - James Chanos What will come to your mind if
There are very few politicians in the world who are true to their word and practise what they preach; Ghana's president, Nana Akufo-Addo, is one of the few. There may be many areas where the president has been criticized, but his determination towards a Ghana (and Africa) free
When it comes to accepting funds, African leaders can stoop to any level and accept any terms - no matter the implications on the long or short run. When the news first broke that France will be giving Gambia a 30 million euros ($34 million) loan to “consolidate democracy and
If you are a citizen of an ECOWAS member state, then you stand a chance of winning up to $10, 000 cash! In a competition open to all citizens of ECOWAS member state, whether living in the continent or in diaspora, leaders of the Economic Community of West African States
Earlier in the year, Egyptian Minister of Trade and Industry, Amr Nassar, announced that a delegation of major US companies would visit Cairo in October to get acquainted with investment opportunities in the country. He said this at a meeting with members of the American Chamber of Commerce in Cairo.
Chinese investment in developing countries has been met with a backlash — domestically and internationally — given the growing debt levels. Before his visit to Africa in March, former US secretary of state Rex Tillerson accused China of predatory loan practices, which undermined growth and created few jobs on the continent. Additionally,
Press statement for immediate release: The Reserve Bank of Zimbabwe (the "Bank") wishes to advise members of the public that following allegations of impropriety levelled against senior officials of the Bank namely, Mirirai Chiremba, Norman Mataruka, Gresham Muradzikwa and Azvinandawa Saburi, by Mr. Lumumba, the Bank has found
The World Economic Forum released the 2018 Global Competitiveness Index, and only one African country was listed in the top 50 most competitive countries globally. The Index, generated using a new methodology that measured economies against 98 indicators, organised into 12 ‘pillars’, ranked 140 countries to determine how they are
Siyabonga Hadebe & Luther-King Junior Zogli* Saturday, 20 October 2018 Like a patient that has been terminally ill for a long time, it appears that the Zimbabwean economy has opted for euthanasia to end its pain and suffering. It appears that President Emmerson Mnangagwa's charm offensive to lure
Omar Hassan Ahmad Al-Bashir, President of Sudan, and Salva Kiir Mayardit, President of the Republic of South Sudan have agreed to work hand in hand to convince the international community into writing off their joint foreign debts and to extend the zero option agreement that expires this month. Sudan'
Chinese influence in Africa is increasingly taking new, negative dimensions as the fishing industry in Ghana is falling under the tentacles of Chinese over-exploitation. An investigation by the Environmental Justice Foundation (EJF) has claimed that around 90% of Ghana's industrial fishing fleet is linked to Chinese ownership. This
Most nations grapple with too many challenges in a world that increasingly shows less kindness and love towards the weak and poor. The gap between nations, and within the states themselves, shows that solutions to eradicate poverty and helping millions of people get out of their desperate state will not
