Currencies, capital markets, and the prices that move African economies.
The Liverpool Museum website has a firsthand account of the story of an African boy, Ouladah Equiano violently forced into a life of slavery. It reads in part, “Generally, when the grown people in the neighbourhood were gone far in the fields to labour, the children assembled together in some
This blog has not been kind to rural Tanzania or Africa in general. From criticizing the people's flippant attitude toward money to oddities of everyday life, it has made no effort to conceal that fact that it has portrayed the locations where the author has resided and traveled
Volvo Group is set to invest up to $24M (Ksh2.5 billion) into an assembly plant in Mombasa, eyeing the East African market whose growth surpasses the sub-Saharan Africa average. The Swedish maker of vehicles and construction equipment is seeking to advance market share in Kenya, Uganda, and Tanzania from
Ivory Coast’s two largest cities are a no gone area after the military sealed off the northern and southern entrances in attempts to quash a four day army mutiny over bonus payments. Heavy gunfire has been heard near the presidential palace in the main city, Abidjan, the second city,
Tanzania largest bank, FBME, closed its doors on Tuesday after a revoke of its license by the Central Bank following allegations by the United States of funding terrorism activities. Other crimes it was accused of include money laundering and facilitating the payment of thousands of dollars from Lebanese Hezbollah Islamist
Growing numbers of African migrants passing through Libya are traded in what they call slave markets before being held for ransom, forced labour or sexual exploitation, the U.N. migration agency said on Tuesday. West African migrants interviewed by the International Organization for Migration (IOM) have recounted being bought and
Africa presents an attractive investment opportunity with its untapped natural resources like minerals, platinum, copper, gold, diamonds, and uranium, oil and gas deposits. Its unexploited resources in agriculture, agribusiness, mining, light manufacturing, housing and services and dynamic economic growth carry the hopes of the world on its back. However, risks
Although not as with exciting pace as once captured in international news headlines, for investors with corporate and institutional interest in Africa, the continent still holds a treasure chest of opportunities waiting to be unearthed according to a new report. The report, "Where to invest in Africa, a guide
In economics, there is a type of product called "Veblen good" that does not contradicts the normal supply-and-demand relationships. For a normal good, a decrease in supply corresponds to an increase in price, leading to a corresponding drop in demand as consumers reduce consumption and/or seek out
Once one got past the overwhelming overuse of the word “deal” that copiously flew out of the mouths of the P.E panelists at Harvard Business School’s recently concluded Africa Business Conference, one could potentially catch a glimpse of the investment opportunity glut in the continent of Africa. Figures
The irony of traveling is; the more you travel, the more you want to explore many other places that you have not seen- it is a spiral web with no end. To capture the best budget destinations in Africa for your exploration in 2017, I have summarized adventures from some
In his work Rich Dad, Poor Dad, Robert Kiyosaki attempts to dissect the mentality of the poor, the middle class, and the rich. Among all the differences he notes of the three, one is constantly repeated and stands out as pivotal in the difference. The rich, he argues, invests in
When Colonel Gaddafi’s relationship with the West improved albeit for a short while, western companies looked to the North African country to exploit the new frontier that had been opened. With billions of dollars’ worth of oil revenues waiting for bold capitalists to plug into the system and make
In spite of the high rate of unemployment, rising debts and dictatorship in most African countries, it has not deterred the arrival of positive change. Today some African countries like Kenya, Ethiopia and Rwanda are amongst the fastest growing economies in the world while others such as South Africa, Morocco
Mauritius is the 2016-2017 most competitive economy in Sub-Saharan Africa according to the World Economic Forum’s “Global Competitiveness Index”. This means Mauritius edged out South Africa which places second in the regional standings and 47th in the global list. Mauritius is ranked 45th globally. The report assesses the competitiveness
The KCB Group Ltd. Chief Executive Officer, Joshua Oigara recently confirmed that the bank is in talks with Facebook, Apple Inc and Alibaba Group with an aim to collaborate on digital payments through its new financial-technology unit, KCB Fintech. The unit is expected to start operations in June 2017. KCB
