… AfCFTA’s long term success linked to a change in African women buying behaviours Female buying power has been on the increase for decades as women have come to dominate the consumer landscape as earners, buyers and influencers. Yet, little is known about the impact of women’s consumer power on...
Nigeria will reopen its airports for international flights from Aug. 29, its aviation minister said on Monday. The airports have been closed since March 23 to all but essential international flights as part of the country's efforts to combat the COVID-19 pandemic. Aviation Minister Hadi Sirika said four flights will begin...
African e-commerce group Jumia’s revenues slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online orders. Still, the loss-making company highlighted an 8% rise in orders and ongoing cost cuts that its co-CEO...
Zambian and Kenyan currencies are seen facing pressure this week as those of Nigeria, Uganda and Tanzania hold steady. ZAMBIA The kwacha is expected to remain under pressure against the US dollar this week due to declining supply of hard currency. On Thursday, commercial banks quoted the currency in Zambia, Africa’s...
The President, Nana Addo Dankwa Akufo-Addo, is set to open and handover the African Continental Free Trade Area (AfCFTA) Secretariat Building to the African Union Commission (AUC), in Accra, on Monday. The AfCFTA Secretariat will administer the free trade agreement creating a 'Single Market' for 55 African countries. The combined...
For more than 50 years, Loiman Letolo, 70, has peddled her colourful beaded necklaces and bracelets to safari-goers at the entrance gates to Kenya’s Maasai Mara National Reserve. As the annual “Great Migration” of millions of wildebeest, zebras and gazelles into the Mara’s vast savannah gets underway, Letolo would normally...
The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the construction of...
Today, August 6, women-led B2B Enterprise Development Agency, ScaleUp Africa, will virtually host its inaugural Pan-African Business Festival- ‘IGNITE’ set to promote access to enterprise growth resources for entrepreneurs of African Descent, globally. The festival is poised to nurture closer economic ties and opportunities for youth and women-led small businesses...
In a unique move to build the digital capacities of job seekers, the Ghanaian-German Centre for Jobs, Migration and Reintegration (GGC), in collaboration with the Ministry of Employment and Labour Relations, has launched another flagship programme - ICT Skills Training for Students and Job Seekers. This programme is expected to...
African leaders have their work cut out to make the continental free trade area a success. Wikimedia Commons Most economists see structural transformation as one of the main routes to Africa’s sustainable development. What it means is changing the share of agriculture, manufacturing and services in an economy. It is...