The US is Considering Suspending $500m in Economic Aid to Tunisia
The Millennium Challenge Corporation (MCC) is set to decide whether to suspend a grant programme to strengthen Tunisia’s transportation, trade and water sectors at its next quarterly board meeting, according to the top US senator on the foreign aid panel. This comes as backlash over democratic backsliding under President Kais Saied continues to grow. The […]
Fighting in Ethiopia Stalls Somaliland’s Trade Ambitions
Berbera port is the main overseas trade gateway of the breakaway Republic of Somaliland. The port city is located on the Gulf of Aden – one of the globally most frequented seaways connecting the Indian Ocean and the Mediterranean. Only a few years ago, Berbera port was a dilapidated runway, originally built by the British […]
Nigeria’s Unbanked Reason for Jump in Mobile Transactions
The GSMA’s State of the Industry Report on Mobile Money in 2021, found that sub-Saharan Africa accounted for the most growth in mobile money transactions with 43% of all new accounts. The Nigeria Inter-Bank Settlement System (NIBSS) revealed that mobile transactions by bank customers in Africa’s most populous economy peaked at $21 billion between January […]
Ignoring the Need and Opportunity to Invest in Africa’s Healthcare Providers
According to figures produced by the Health Finance Coalition, only 1% of global health funding is spent in Africa – meaning the continent faces an annual shortfall of more than $200bn. While a large part of the solution to the funding shortfall for health in Africa must come from governments, the need to support the […]
Fraud Attempts in Africa have Increased by 50% in the Last Two Years
A report published by popular KYC service, Smile Identity found that the first half of 2022 alone saw a 30% increase over 2021. The report also noted that there had been an increase in fraud attempts in countries like Kenya, while a reduction was observed in Ghana and South Africa. “In 2020, 17% of all […]
The Factors Driving Africa’s Utilities to Bankruptcy
Many utilities in Africa—which have long been strapped for cash regardless—are close to financial collapse, according to a research paper by Energy for Growth Hub, a Washington think tank. In addition to the risk of blackouts and crippling public debt, the crisis is impeding climate action. “You’re seeing a massive intensification of the pressure on […]
Allegations of Collusion and Price Fixing in South Africa’s Insurance Industry
The competition watchdog raided the offices of Discovery Limited, Hollard Insurance Group, Momentum, Old Mutual Insure, Sanlam, Professional Provident Society Limited, FMI (a division of Bidvest Life) and BrightRock Life. In a statement published on Thursday, the Competition Commission said the insurance companies shared information about the premiums they charge consumers for investment and insurance […]
Ghana is Learning the Hard Way Why Oil can be a Blessing and a Curse
The onset of commercial crude production helped turn the West African nation into one of the continent’s hottest investment destinations, but also prompted successive governments to borrow to the hilt. Skittish investors have offloaded Ghana’s bonds and currency, the cedi, amid mounting concern over its ability to settle its debts. The tumbling exchange rate has led to […]
Woman Thought Leadership Enriches 2022 PMI Africa Conference
Leveraging cutting edge thinking from visionary project leaders, captains of industry, and senior government officials, the 2022 Project Management Institute’s (PMI) Africa Conference seeks to unpack the trends and technologies transforming the delivery of public and private sector projects in today’s economy. The annual marquee event hosted by PMI, the world’s leading association for project […]
Kiddo CSA Announces His Upcoming EP Release So Far, So Great
New kid on the block, Kiddo CSA, announces his first EP, So Far, So Great, set to drop on September 9th. So far in 2022, Kiddo CSA has released a mixtape, ‘Just Kiddin’, and the remix to ‘Haibo’ that featured Reason, and UK-based artist, S1mba. Kiddo CSA has become an artist to watch within the Hip Hop fraternity this year and with his EP on the way, the young rapper hopes […]
