Fun and Adventure In Diani
Thirty Kilometers south of Mombasa, in Kwale County, you will find Diani. You can’t help but fall in love with Diani. The sandy, white pristine beach kissed by the sun runs parallel to a lush coastal forest only broken by top-class accommodation establishments. These, plus numerous surrounding attractions will make sure that you are actively […]
Bissau Drops the Prices of its Largest Export to Spur Sales
Guinea-Bissau has set the farmgate price for cashews at $0.65 per kg for the April-to-September commercial campaign, a 28% decrease from the price last season, the government said Friday. Authorities also set the base tax for cashew exports at $850 per tonne. Cashews are Guinea-Bissau’s main export crop, accounting for more than half of the […]
Paying for the Suez Canal Blockade
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a rough estimate of losses linked to transit fees, damage to the waterway during the dredging and salvage efforts, and the cost of equipment and […]
Has Labelling African Produce Yielded Better Earnings?
Food certification schemes are more prevalent than ever in Africa, driven by demand in developed countries, with a range of labels dominating the landscape, from Rainforest Alliance certified cocoa in Côte d’Ivoire to organic Tunisian olive oil and fair-trade mangoes in Senegal. African states encourage these agricultural exports as they are supposed to generate revenues […]
This CEO Grew her Company by 44% in a Pandemic
African Equity Empowerment Investments (AEEI), a fully black-owned and black-controlled investment company situated in southern Africa, faced a turbulent last quarter, but despite this, it’s probably one of the few in a pandemic-stricken continent that has managed to grow by 44%. The captain at its helm, Valentine Dzvova, reveals that the strength of the company, […]
Rapid Growth and Optimism in Africa’s Digital Payment Sector
The $100 million investment from global payments giant Mastercard in the mobile money business arm of Airtel Africa values the subsidiary, Airtel Mobile Commerce, at $2.65 billion. It follows a $200 million investment in the company by TPG’s Rise Fund just two weeks ago. Both TPG and Mastercard now have minority stakes in the company. […]
South African Banks Say they Won’t be Able to Write Off Loans as Grants
Standard Bank Group Ltd. has raised the alarm around proposals to revive a faltering government-backed credit program designed to aid South African businesses battered by Covid-19. While South Africa’s largest lender is open to talks on how to restructure the $13.6 billion program to drive up demand, it rejects suggestions to swap into grants the […]
Betting on Gold is Still the Best Bet
Central banks around the world have effectively taken interest rates to zero. With less opportunity for yield across fixed income assets, investors will likely continue to shift exposure to risks through their asset allocation portfolios. “The current environment,” says the Zurich-based World Gold Council (WGC), “has made gold increasingly relevant as a strategic asset. The […]
