Kenyan and Nigerian currencies are likely to come under pressure against the U.S. dollar this week as Uganda’s shilling strengthens and Tanzania’s and Zambia’s currencies trade sideways.
KENYA
The Kenyan shilling is forecast to weaken due to increased dollar demand from merchandise importers and the energy sector as business activity...
Africa has the potential to play a leading role in global energy demand over the next few decades, given the right policy clarity and economic stability in the region.
This was the major view from Tullow at the just-ended Africa Oil Week 2023 in Cape Town, South Africa. Chief Executive...
In the fast-paced world of consumer packaged goods (CPG), staying ahead of the curve is vital for success. A new approach is taking the industry by storm with regards to packaging, offering incredible benefits for establishing and growing West African CPG firms. Let's dive into how this fresh perspective...
Moroccan national carrier, Royal Air Maroc (RAM), has announced plans to launch flights to five other East African cities only two years after it began its Casablanca-Nairobi operations.
Country manager Othman Baba said the move, inspired by Nairobi experience, is part of RAM’s efforts to claw back a share of...
According to Britannica (2022), industrialization in history refers to the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. These technological changes introduced novel ways of working and living and fundamentally transformed society.
This process started in 18th-century Britain. From there, in...
By Ngozi OKONJO-IWEALA
Taking place in challenging and uncertain times, the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi produced mixed results: a few successes, but also some disappointments.
By contrast, the previous ministerial conference, held in June 2022, concluded with the adoption of numerous multilateral agreements and decisions, giving...
Social media network, Twitter, is reported to have suspended and later released the accounts of many Nigerian influencers for allegedly supporting a campaign for the release of Venezuelan Diplomat, Alex Saab in a manner that goes against its policies.
The suspension of these accounts come after an investigation was launched...
African leaders have been cautioned to be circumspect with debt forgiveness calls, as they have a great tendency to not only disturb the bond market but also make it difficult for a successful future bond issuance by African countries.
Calls are rife that with the havoc caused to African countries...
The African Development Bank has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the curve.
The...
