Recently a Nigerian friend who lives in the country that is also Africa’s biggest economy, after eating the popular Ghanaian snack “nkatie burgher”, posted on facebook, “How many countries can successfully export air to other countries?” This did not come as a shock as I know that Africans have a...
The President of the Federal Republic of Nigeria, Muhammadu Buhari, has registered his support for head of the African Development Bank (AfDB) Dr. Akinwumi Adesina for his re-election, despite a US call for him to face a fresh ethics probe. Dr. Akinwumi Adesina, a former Nigerian minister for Agriculture, is...
Afreximbank is teaming up with International Trade Centre, ITC, to train small-business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African Continental Free Trade Area (AfCFTA). The training programme - How to Export within the AfCFTA - is being launched as the...
Africa is a key territory on the global map. Rich in oil and natural resources, the continent holds a strategic position. Rich in oil and natural resources, Africa is the world’s fastest-growing region for foreign direct investment. It has approximately 30 percent of the earth’s remaining mineral resources. It is...
Ivory Coast said last week  it would refuse to validate a U.S.-sponsored report due to be published this month about child labour in its cocoa sector unless the researchers and U.S. government accept changes to the methodology. The report, which is funded by the U.S. Labor Department and scheduled to...
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from today as the country further eases coronavirus lockdown regulations, the government said last week Thursday. Africa’s most industrialized economy has been largely shut since a nationwide lockdown began in late March. South Africa has...
We are living in unprecedented times. COVID-19 has swept throughout the world, and governments globally have taken drastic measures to stop the spread in an attempt to save lives. In February 2020, as African countries watched Asia and Europe begin the implementation of lockdown, a study by Survey54, an automated...
Kenya’s shilling is expected to weaken against the dollar this week , while Uganda’s will strengthen, traders said. KENYA The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends. Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90...
Traders see up to 30% losses due to COVID-19 restrictions Goods spoil as border closures disrupt food transport Trade frictions could contribute to food crisis - U.N. In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km (745 miles) from southern...
Coronavirus is threatening to undo recent gains made toward gender equality as millions of women and girls are predicted to have unwanted pregnancies and fall into poverty, world leaders said last week Thursday. A “wake-up call” is needed to protect women’s and children’s rights amid the pandemic, said the president...