Ghana Completes First Proof of Concept in Project DESFT, Paving Way for Digital Cross-Border Trade
The Central Bank of Ghana has announced the successful completion of its first proof of concept (POC) for Project DESFT (Digital Economy Semi-Fungible Token), marking a significant milestone in the realm of digital cross-border trade. Kwame Oppong, Director of Fintech and Innovation at the Central Bank of Ghana, made the announcement during the recently concluded […]
These African Businesses have the Wind in their Sails
In its third year, the Financial Times’ now expanded ranking of Africa’s Fastest Growing Companies comes against a background in which many economies are struggling to recover from the Covid pandemic. Economic growth in Africa, overall, in 2023 was 3.2 per cent, according to the IMF — lower than in Asia, which grew at nearly […]
Africa has a Good Development Story to Tell
Dr. Akinwumi Adesina, president of the African Development Bank Group has called for a more balanced coverage of Africa in the international media. He was addressing over 300 media owners and practitioners at the All Africa Media Leaders’ Summit in Kenya. He said that “despite the significant progress within our continent, the prevailing media narrative […]
Banking Officials Can’t Keep the Naira Under Control
Central bank intervention this week failed to stop slide in Nigeria’s naira to a two-month low ahead of a rate decision Monday. The naira weakened 5.1% on Thursday to 1,533.99, the weakest level against the dollar since March 20, according to prices provided by FMDQ, the trading platform that sets the official rate. That reversed […]
This Interview Underpins the Hurdles Facing Africa’s Industrial Agenda
“Let me stop you right there,” interjected Guyana’s president, Mohamed Irfaan Ali, during a combative BBC Hardtalk interview in late March. Ali’s argument, which quickly went viral on social media, struck a chord across the Global South – and especially in Africa. Least responsibility Africa, indeed, is the continent that bears the least responsibility for […]
Africa’s Booming Sneaker Addiction
According to the Statista Global Consumer Survey, sneakers have become an integral part of the wardrobe for 40% of consumers, highlighting a significant shift in fashion preferences. This trend is particularly pronounced in Africa, where the sneakers segment is experiencing robust strides, with revenue projected to reach $2.17 billion this year, showing a growth rate […]
Has Ruto Disappointed the Hustlers that Elected Him?
Kenyan President William Ruto will begin a historic state visit to the US on May 23, the first by an African leader since Ghana’s John Kufuor in 2008. The Kenyan president has undeniably positioned himself as a leading African voice on the most important global issues of the day. His administration, however, has struggled to […]
The DRC and Zambia Agree to make Trade across Borders Easier
The neighbors signed a cooperation agreement under the regional bloc Southern African Development Community (SADC). Ministers from both countries tabled a rough framework for cooperation and an action plan that has been put together to reach a long-term solution to the difficulties transporters face. the Beitbridge border between South Africa and Zimbabwe is the busiest […]
Three Film Bosses Catch Hollywood’s Gaze
Nollywood filmmakers, Mo Abudu, Funke Akindele, and Jade Osiberu have earned a spot on The Hollywood Reporter’s list of the 40 Most Powerful Women in International Film. This list recognizes women who are bringing stories to a global stage and nurturing new voices despite a disrupted film market. The Hollywood Reporter describes these filmmakers these […]
Senegalese Logistics Platform Goes Global
Maad directly connects suppliers and small retailers of fast-moving consumer goods (FMCG), with its tech-driven solution allowing retailers to order products from a one-stop shop, with reliable delivery, competitive prices while benefiting from working capital loans. The platform leverages this distribution infrastructure to offer additional high-value services to brands – data, software, and services for […]
