Currencies, capital markets, and the prices that move African economies.
The Africa Continental Free Trade Area could potentially become the most important agreement African leaders have ever come up with. With a market of 1.2 billion people and a combined GDP of $2 trillion, the trade area is poised to become a prime exhibit of the value that integration
2018 looks a good year for Sub-Saharan African economies. The world’s six fastest-rising economies are coming from Africa. The World Bank forecasts growth of 3.2% for the year, up from 2.4% in 2017. It also predicts slightly higher growth for 2019 of 3.5%. According to the
The Heritage Research released its yearly Index of Economic Freedom and the results are nothing to celebrate for some economies in the continent. For starters, African economies dominate the bottom ten of the rankings, with six countries from the continent and only North Korea, Venezuela, Cuba and Bolivia joining what
After the World Health Organisation (WHO) had issued a report detailing how harmful the smoking of the water pipe popularly known as Shisha pipe, Kenya’s government did not waste time in moving to ban the smoking and sale of Shisha. But according to a Kenyan minister, the move was
In any given society, the citizens pin their hopes on the ability of their leaders to deliver something substantial to their lives. With African leaders having attended the World Economic Forum in Davos, Switzerland, the citizens back home expect their leaders to bring something meaningful back home. Africa is a
Scenes of the frustrated fruit and vegetable vendor Mohamed Bouazizi who set himself ablaze following the despair and meaninglessness of life in Tunisia still remain fresh in the memories of many as this orchestrated the downfall of the dictator Zine El Abedine Ben Ali. What followed was a revolution that
By Alfred P.B. Kiadii Paranoia is the epithet that best describes the disturbing blend of cacophony and anthology of gibberish disgorged by an undesirable element in James F. Kollie, who camouflaged himself under the nom de plume “Book Enthusiast.” He uses emotions rather than mental acumen to understand the
The World Bank's Global Economic Prospects forecasts that Ghana will be the fastest growing economy in Africa and the world with a strong 8.3% growth rate. Ethiopia is expected to be a close second with a growth of 8.2%. Completing the top ten are India, Cote
Ever since the turn of the millennium, relations between the United States of America and Zimbabwe have been extremely strained. The economy of Zimbabwe has deteriorated to levels that have made the country be branded as a failed state. The United States revealed that for possible re-engagement diplomatically to become
In a heist reminiscent of a Hollywood movie, Kenyan robbers spent months tunnelling into the bowels of a bank located opposite a police station and stole the equivalent of half a million dollars, police said on Tuesday. Police said they had arrested two men and one woman over the robbery
Now, after the military "coup" but failure of Mugabe to resign - as expected - Bitcoin is trading at over $13,499 on Zimbabwe bitcoin exchange Golix - a premium of over 80% over the USD exchange price as demand surged. The unstable environment in Zimbabwe has spread
World Bank forecasts are frequently updated based on new information and changing (global) circumstances. Consequently, projections presented here may differ from those contained in other Bank documents, even if basic assessments of countries’ prospects do not significantly differ at any given moment in time. a. GDP at market prices and
In Zimbabwe, liberation struggle veterans think they have a panacea for the country’s economic problems: Bring back the white Zimbabweans. The Zimbabwe National War Veterans Association chairperson recently said, “We want them (Rhodesians) to be part of the next governance in Zimbabwe, because this country had been run on
"South's Africa's economy is in dire straits and nothing is going to change that direction in the short term." That was the recent analysis of the country's economy by senior finance lecturer at the University Of Cape Town Graduate School Of Business,
Africa is a continent with a projected geographical landmass of about 30.370,000Km² representing 16.1 percent of mother earth's total landscape. The continent's landmass is largely embedded with tremendous natural resources and countless economically viable rivers running to and fro on the land surface
Africa has not been covered fairly by Western media. It sounds like deflection from facing home-grown problems: convenient, childish escapism and denial but it is the truth. There is a penchant for screaming headlines that are usually inaccurate. Take for example, “U.S. to Commit Up to 3,000 Troops
