Introduction to Correspondent Banking
Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
By Juliet ETEFE
Chief Executive Officer-MTN Ghana, Stephen Blewett, has emphasised the importance of collaboration in unleashing Africa's economic potential.
Reiterating the immense promise of the continent’s digital economy, he noted that challenges such as infrastructure limitations and digital literacy gaps persist.
Speaking at the 2024 3i Africa Summit held in...
By Kizito CUDJOE
A Kenyan economist and Executive Director of the African Forum and Network on Debt and Development (AFRODAD), Jason Rosario, has called for urgent reforms to the global financial and economic architecture.
His call comes on the back of growing economic challenges facing several African countries amid concerns for...
A World Bank report has re-emphasised the importance of the African Continental Free Trade Area (AfCFTA) agreement in becoming a game changer on the continent, especially, as African countries seek to bounce back from the devastation caused by the coronavirus pandemic.
According to the World Bank, economic growth in the...
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...
As the threat of a COVID-19 pandemic emerged earlier this year, many felt a sense of apprehension about what would happen when it reached Africa. Concerns over the combination of overstretched and underfunded health systems and the existing load of infectious and non-infectious diseases often led to it being...
The World Bank plans to invest over US$5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
World Bank Group President David Malpass announced the investment at the...
In the last century, the fashionable and accepted route to success for young Africans was to complete their education and join the corporate world. A few university students aspired to become entrepreneurs; however, most educational institutions did not offer entrepreneurial programmes. With few exceptions, African families used to guide...
Cape Verde has been urged to immediately release Venezuelan diplomat Alex Saab in compliance with the ruling of the ECOWAS Court on Monday, March 15, 2021.
Femi Falana, the lead lawyer for Mr. Saab in a letter addressed to the President of the Cape Verde, Jorge Carlos de Almeida Fonseca...
Recently, I monitored how a piece on doing business in Africa was heavily circulated, which has finally lost its authorship due to the heavy dilution of the content. But the first three paragraphs encapsulate the real intent of the write-up, which is to create awareness on employees' attitude, especially...