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By Nathaniel Nyika, Chief Investment Officer at Norsad Capital Small and medium-sized enterprises (SMEs) are the beating heart of Africa’s economies. According to the World Economic Forum, as engines of growth, SMEs are responsible for around 80% of the continent’s employment, ultimately helping to reduce poverty and income inequality, enabling the establishment of a new middle class […]
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Ongoing discoveries confirm a growing energy opportunity for the continent – in export markets and to power domestic development. The recent signing of an agreement to develop what has been called South Africa’s largest liquified natural gas project in Mpumalanga province has emphasised the potential of natural gas as a viable energy source for the […]
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Commodities play a crucial role in global trade, serving as the backbone of many economies. Africa, with its rich natural resources, has emerged as a significant player in the global commodity market. Commodities are raw materials or primary agricultural products that can be bought and sold, typically in large quantities. They include items such as […]
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Opinion-editorial by Mahmood Al-Bastaki, Chief Operating Officer of DT World, part of DP World Small and medium enterprises (SMEs) play a central role in developing economies across Africa, driving growth, creating jobs and pushing innovation. Micro, small and medium companies represent more than 90% of businesses on the continent and provide 60% of all jobs. In Rwanda, […]
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By Ahunna Eziakonwa We are about to start a third year of living with COVID-19. The world’s humanity and solidarity are now at a further test – and yet implications of the absence of solidarity keep us all in the boat of mutations, lockdowns, quarantines and delayed SDGs – denied prosperity for all. 2021 has unearthed […]
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The African Economic Research Consortium (AERC) Senior Policy Seminar has placed a spotlight on fragility of growth in African economies, seeking to stimulate an informed policy dialogue and related policy-making aimed at reducing identified fragile contexts and building a more resilient African economic sector. However, social and economic issues that were already highly challenging have […]
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The severity of the impact of coronavirus on China’s growth prospects will hold major implications for Africa given the continent’s close ties to the Asian giant. The broader impact will also be exacerbated if efforts to contain the outbreak prove inadequate, thus extending both the reach and duration of the shock. This is according to […]
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–As the global recession gathers strength, most African economies are relatively unaffected owing to the strength of economic diversity in some regions. This is according to the Institute of Chartered Accountants in England and Wales (ICAEW) latest report, Economic Update: Africa Q4 2019. –The professional accountancy body provides GDP growth forecasts for various regions including […]
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52% of the companies on the Fortune 500 in the year 2000 no longer exist today. Simply put, they were disrupted – Rob Jardine, Head of Research and Solutions at the NeuroLeadership Institute South Africa. Any company worth its salt today has to include, within its strategy, sector or industry disruption on their list of […]
...Liberia’s newly sworn-in president, George Weah, is taking a 25% pay cut to his salary and benefits. He explained in a statewide address on Monday that, “in view of the very rapidly deteriorating situation of the economy, I am informing you today, with immediate effect, that I will reduce my salary and benefits by 25%”. […]
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