Sub-Saharan Africa’s Growth Will be Hit by China’s Slowing Economy
A one percentage point decline in China’s real GDP growth rate leads to about 0.25 percentage point decline in in sub-Saharan Africa’s total GDP growth within a year, IMF economists including Hany Abdel-Latif wrote in a report. Oil exporters would experience the largest impact, it added. China’s economic growth has slowed in recent years due […]
The Most Promising Trade Routes Highlighted in the Future of Trade: Africa Report
A claim by Kenyan President William Ruto that tech giants want to hire up to 300,000 Kenyan online workers is eliciting sharp reactions, including public criticism. Ruto made the statement earlier this week, shortly after leading a US-Kenya business roadshow in which he pitched the country to top US tech companies and investors in Silicon […]
Activists Want to Give Communities more of a Say in Land Distribution
Many an investor has taken the road east from Freetown, the capital, into the heart of Sierra Leone seeking land for plantations or mines. Their journey invariably takes them to the door of a local chief. A system based on private land titles reaches no farther inland than the salty sea air.So, it goes in […]
Striking a Balance between Implementing the Treaty and Fishing Sustainably in Africa’s Oceans
Following two decades of fierce negotiations, over 60 countries recently signed a UN Ocean Treaty to conserve biodiversity on the high seas. There are reasons to celebrate the Oceans Treaty for what it represents – an extra mechanism to protect our oceans and their resources. Having lost access to fish on the high seas, fleets […]
Ethiopia has Introduced a Range of Tax-friendly Incentives to Encourage Car Makers to Open Local Operations
Russian carmaker Lada has become the latest in a growing list of international automakers preparing to enter Ethiopia’s fledgling automotive market which has one of the world’s lowest car ownership rates. Under a partnership with local partner Bazra Motors, the new plant is projected to produce 5,000 vehicles annually from an assembly plant to be established […]
Rwanda is Set to Launch its Carbon Market Scheme at COP28
Herman Hakuzimana, the Climate Change Programme Manager at the Rwanda Environment Management Authority (REMA), believes that the country has a lot to offer. The cabinet has received a comprehensive briefing on the country’s carbon emission trading framework, which aligns with Article 6 of the Paris Agreement. Hakuzimana shared that the carbon market initiative provides a […]
Addressing Payment Failures across Africa
Revio is an Africa-focused payment orchestration platform that minimizes the complexity, cost, and risk of payment operations, to help merchants reach and retain more customers. Through a single PCI-compliant platform and API, global and local merchants can access 70+ payment methods, set up configurable routing and retry rules, and dynamically engage customers throughout the payment […]
Morocco’s Textile Industry
The sector is firmly focused on exports and, in 2022, these jumped by a fifth year-on-year to reach a record $4.25bn. Despite fierce international competition, the country is now Europe’s eighth-largest textile and clothing supplier. Even after the pandemic disrupted manufacturing and global demand, Morocco’s textiles industry still accounted for 15 per cent of industrial […]
With a Female-led Workforce at his Firm, this Entrepreneur is Working to Address Rwanda’s Skills Gap in the Financial Services Industry
In the ever-evolving landscape of global business, tales of success often shine brightest when they originate from humble beginnings. Such is the narrative of Akash Ladha, an entrepreneur who charted a journey from his hometown in India to the heart of Rwanda, transforming not only his own life but also contributing to the growing financial […]
Although Access to the Internet in Malawi is the Cheapest in Africa, many Still can’t Afford Data Plans
That’s why the government is now rolling out a program to provide free internet in all public facilities. The Digital Malawi Programme, which is being implemented in cooperation with the World Bank, is intended to propel digital transformation throughout the country, according to the government. About 75% of Malawians did not use the internet at […]
