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Vera Songwe has been appointed chairwoman of the board of the Liquidity and Sustainability Facility (LSF), a finance mechanism aimed at improving the liquidity of African sovereign debt. Launched by the UN Economic Commission for Africa (UNECA) at COP26 in November, the fund is designed to stimulate Africa’s foreign debt market, thereby cutting borrowing costs […]
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The Ubuntu philosophy, which was supposed to pivot pan Africanism, has struggled to become a reality—with certain African countries seeking a protectionist agenda even under the Africa Continental Free Trade Area (AfCFTA). Proponents of Ubuntuism such as South African fallen cleric Desmond Tutu see it as a universal bond of sharing that connects all humanity—in […]
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Skytrax World Airline Awards is an organization that has taken the liberty of evaluating which airlines are performing the best globally, and they just recently released their award list for the year. It is the world’s largest, annual airline passenger satisfaction survey, as it uses a value for money metric system to determine the methodology […]
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Nigeria’s economy has been in the spotlight for several reasons in the past few years. And one of the most controversial is its record-high borrowing trend. According to the Medium-Term Expenditure Framework (MTEF), Nigeria plans to borrow more than $25 billion next year to cover its budget deficit. That’s about 5 per cent of its […]
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Lesotho’s economy is nearly a tenth smaller than in 2016 and its 2.2m people are poorer than the average sub-Saharan African. The more than two-thirds who live off the land face erratic rains and climate change. Factories built by Taiwanese and Chinese firms in the 1990s to make clothes for Americans are shedding jobs. A […]
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Forty-three inclusive African startups have been selected to take part in the sixth edition of the Social and Inclusive Business Camp (SIBC). The SIBC aims to support entrepreneurs and create long-lasting connections with a wide range of ecosystem stakeholders through innovative training sessions and networking with other companies, mentors and potential financial backers. These social […]
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Dangote Cement Plc shut one of its plants in Nigeria’s central Kogi State after government agents sealed the premises over alleged unpaid taxes. The state government sent its agents to takeover and seal the plant, the company said in a statement. Dangote Cement is taking measures to address the situation, which led to several of […]
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The world of wealth is ever-changing, yet everlasting. High-net-worth individuals (HNWIs) across the continent are constantly having to keep up with their wealth and the factors that impact it; like the pandemic, rising inflation and the economy’s boom and bust cycles. That is why safeguarding their money is of the utmost importance. For the first […]
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The term smuggling often brings strongly negative connotations and is often associated with criminality and violence. However, smugglers aren’t always associated with these negative connotations by the communities in which they are embedded. The West Nile region in Uganda illustrates this dynamic. This area is located in northwestern Uganda and borders the Democratic Republic of […]
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By Wambi Michael Thirty-year-old Difasi Amooti Kisembo is one of the demonstrators near the EU delegation offices in Kampala. He and a handful of others have traveled from Uganda’s oil and gas-rich Albertine region’s district to Uganda’s capital Kampala to express their displeasure with an EU Parliament’s resolution against the planned construction of the East African […]
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By Debra Slabber, Portfolio Specialist Director at Morningstar Investment SA Year to date investors have been fleeing from risk assets due to a confluence of intertwining factors. This includes very hawkish central banks globally trying to fight persistently high inflation, a softer global growth outlook, the war in Ukraine and further supply shocks (just to […]
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Many business investors oversee the opportunities for investing money in the educational sector. They perceive the South African education system through the image of poor, low-quality schools and community colleges. Let’s not forget that private higher education is here to balance out the crisis happening in the public sector. The students are getting more options […]
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