Currencies, capital markets, and the prices that move African economies.
Fitch Ratings cut Zambia deeper into junk Thursday, citing a widening budget gap and a faster-than-expected rise in debt levels.Zambia’s Eurobonds fell. The rating company lowered its long-term foreign currency assessment to B- with a negative outlook, the same level as at Standard & Poor’s, which has
ENUGU State Police Command has promised to investigate the circumstances under which about N3.6 million out of over N8 million recovered from a bank thief allegedly disappeared in police custody. Enugu State Police Commissioner, Mohammed Danmalam, who reacted to the story told Vanguard that he would personally investigate the
Many years ago, the brilliant Lucius Banda had a lamenting line in one of his haunting songs, in which he mimics an Asian boast: dziko ndi wanu, ndalama ndi wathu (you, Malawians, own the country but we, Asians, have the money). That much has remained largely true. This is a
Whether the officials and government authorities accept it or not, Chinese dealings in Africa are being viewed in a highly skeptical way. The truth is, the menace of falling into Chinese debt-trap is very real, and it is happening. Africa is slowly being tied to the yoke of Chinese debt.
As a guest on Afro World View TV in South Africa delivering a lecture at the University of Witwatersrand, Johannesburg, South Africa; the eloquent Kenyan Law Don and unarguably the most vocal Pan-African alive was asked to share his thoughts on the current China-Africa Trade agreements that has swept across
Nigeria currently has a population of 197,012,226 people as of Friday, September 28, 2018, based on the latest United Nations estimates. The country is rich in almost everything, just name it - fertile land, manpower and mineral resources, etc. Even its position on the African continent gives it
The African Development & Investment Convention (ADIC) is hosting its annual convention in Stadt Zürich Wasserversorgung, Zürich on the 25th – 26th October 2018. The African Exponent is a proud media sponsor of this event. The ADIC is a one-stop-shop and access to entering the African market. This annual convention is
Africa's rural areas and small cities seem to have been left behind by the wave of modernity and economic success, as most of the people in these areas live below the poverty line. But these areas can transform Africa's economic growth, according to the State of
Mauritius is selling citizenship and passports for $1 million and $500 000 in a bid to raise it's budget and to attract a lot of foreign investment. It is a smart move for the island nation, but could also pose some considerable risks to its overall image. In
Poverty still remains deeply etched in Nigerian society and despite the fact that Nigeria is a a very big economy, for the ordinary person, poverty seems to be inextricable from their life. The economy is out of the recession, but this has not translated to meaningful substantiation in the lives
As the cryptocurrency craze continues to spread across the world, with the social media and the mainstream media adding gasoline to the crypto fire, you may probably have heard of Bitcoin fork. The word ‘fork’ itself is not new to software computing, but, it escapes the understanding of many as
The dream of almost every African is to one day own a car. Owning a car presents exciting prospects for an individual, particularly the power of independence and also that of convenience. The demand for automobiles on the continent is very sharp, but the automotive market in Africa is flooded
Cough syrups are manufactured with the intent of medicinal purposes. But as life goes, people soon discover there's more to it, from which they can derive their sort of satisfaction. After a huge outcry on the problem of addiction that Nigeria is grappling with, the country decided to
Africa may be dubbed as lagging in terms of catching up with the latest world trends when it comes to development, but there is some growth here. And to be honest, some countries are thriving well at this thing called "being rich". While challenges may be noted in
Borrowing sounds good, if you want to tell yourself that you will be doing it all in the name of the development. It's surely needed, no point in isolation. But Thomas Sankara was right with his point of self-reliance, though not-so-ideal. There is a gnawing feeling that not
Written by: Moses Uneh Yahmia About a week or two ago, the Ministry of Finance and Development Planning of the Republic of Liberia submitted to the 54th National Legislature a recast version of the 2017/2018 Fiscal Budget. According to the agency of government that manages the fiscal affairs of
