Britain set to lose 40,000 investment banking jobs in Brexit exodus
Businessam StaffAugust 1, 2017
The U.K. could lose up to half of its investment banking jobs over the next few years if the government continues to pursue a hard-line exit from the EU, a new report has warned. As many as 40,000 sales and trading and investment banking roles could move from the City of London to other European […]
If you must invest in commodities, here is how
Businessam StaffJuly 31, 2017
I recently wrote about how commodities are good for traders, but bad for investors as a useful long-term buy-and-hold financial asset. A broad basket of commodities has given investors lower returns than cash equivalents with higher volatility than stocks. That higher volatility means there will be cyclical swings where commodities see huge gains as well […]
Blockchain use case: Addressing corruption, social problems in Africa
Businessam StaffJuly 31, 2017
Inadequate infrastructure is a major problem faced by Africa and other developing parts of the world. Besides the technical implications that have hindered the infrastructural development of the aforementioned parts of the world, human interference is also key in slowing down their rates of development. Afrikanus Kofi Akosah Adusei, acting Africa community manager of XinFin, […]
The significance of Google’s investment in Africa’s tech industry
Businessam StaffJuly 30, 2017
The International Monetary Fund (IMF) estimates that by 2035, Africa’s working age population (15-69) will exceed the rest of the world’s, reaching an estimated 1 billion. With an annual job creation rate of only 3 to 4 million, there is a crucial need to generate more opportunities. To maximise the economic dividends of its rising […]
The world’s biggest tax bill is just the latest blow for gold miner
Businessam StaffJuly 27, 2017
It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold Plc would get a new name and new management to distance itself from a troublesome past and disputes with local politicians. Less than three years later, things are worse than ever. […]
Don’t worry about losing your charger, this phone can make calls without a battery
Businessam StaffJuly 17, 2017
Instead of batteries, a new cell phone harvests the few microwatts of power it needs from a different source: ambient radio signals or light. Researchers were also able to make Skype calls using the battery-free phone, demonstrating that the prototype—made of commercial, off-the-shelf components—can receive and transmit speech and communicate with a base station. “We’ve […]
If you never have enough time… then slow down
Businessam StaffJuly 16, 2017
“Busy!” I’m not sure when this became the default reply to “How are you?” But rising numbers of us rattle through our days as inadequate servants of insatiable to-do lists. Most of us can expect 1,000 months on earth, longer than any previous generation. Yet we feel time poor. Even if we get the fabled […]
Five keys to a smart fiscal policy
Businessam StaffJuly 15, 2017
We live in a world of dramatic economic change. Rapid technological innovation has fundamentally reshaped the way we live and work. International trade and finance, migration, and worldwide communications have made countries more interconnected than ever, exposing workers to greater competition from abroad. While these changes have brought tremendous benefits, they have also led to […]
What causes a stock market crash – and are we headed for another?
Businessam StaffJuly 14, 2017
The dizzying ascent of global stocks has unnerved City analysts in recent months, as lofty valuations and the prospect of interest rate hikes threaten to spark a major sell-off. The MSCI All-Country World Index, a gauge of global stocks, set a new peak last month. Earlier this week, the Dow Jones stormed to a fresh […]
Africa defeats world’s biggest mobile carriers
Businessam StaffJuly 10, 2017
Back when African countries were auctioning off mobile licenses by the boatload to serve the region’s young, tech-savvy population, investing in the continent’s fast-growing economies seemed like a no-brainer. Some of the world’s biggest wireless carriers rushed in. Now they’re wondering if they made a mistake. Increasing government and regulatory scrutiny, as well as a […]