New payment digitization agenda for Africa launched
Wale Ameen
April 20, 2021
Report suggests direct correlation between workers payment digitization and increase in economic recovery African leaders advocate complete digitization of workers’ payment Wale Ameen Online Editor Digital payment for workers speeds up financial inclusion for the population, stimulates domestic production and boosts business competitiveness while increasing financial system liquidity. So says a new report […]
Africa’s export of primary commodities keeps it as enrichment source for economies that add value – SA trade minister
Online EditorApril 8, 2021
…Continent’s 2014 coffee export worth $6bn rather yielded $100bn abroad in final products after processing …Wants adoption of AAF SAP to transform continent than externally-imposed SAP …Warns of dire consequences if continent is left behind in 4th Industrial Revolution’s tech Ben Eguzozie, in Port Harcourt Rob Davies, former South African trade minister, […]
Kenya joins 27-year old Canada-Africa Chamber of Business
Wale AmeenMarch 30, 2021
Immense opportunities for Kenya as member of the trade organization Wale Ameen The East African country of Kenya has announced its membership of The Canada-Africa Chamber of Business as a full member of the organization. The 27-year-old organization has been committed to the acceleration of Canada and Africa trade and investment relationship […]
Ghana sustains 14.5% interest rate for sixth consecutive time
Zainab IwayemiMarch 23, 2021
Zainab Iwayemi The monetary policy committee, Ghana has again maintained a 14.5 percent interest rate, marking the sixth consecutive time since monitoring the impact of the new tax measure on inflation. This was contained in a statement released by the central bank of Ghana on Monday. According to the statement, the Bank of Ghana […]
Afreximbank, AU move 2nd Intra-African Trade Fair to December 2021
Ben EgozozieMarch 22, 2021
…Covid-19 vaccines roll-out cited for date shift …Inaugural fair recorded $32.6bn concluded deals …Organizers refrain from adducing expected deals Ben Eguzozie The African Export-Import Bank (Afreximbank) and African Union (AU), major promoters of the intra-African trade fair, have shifted the date of the second edition of the recently introduced continental trade exhibition to […]
After the commissioning and handing over of the AfCFTA office by the president of Ghana to the AU, what next for Nigeria and West Africa?
Aderemi OjekunleAugust 27, 2020
Charles Abuede Africa, a continent of 55 countries that can boast of over $2.6 trillion in combined GDP, and having 54 countries signing up to the African Continental Free Trade Agreement (AfCFTA) and just 33 of them ratifying the signed agreement, what becomes next of the West African sub-region now that the president of […]
Africa moves towards one big market as AU inaugurates AfCFTA permanent secretariat
Aderemi OjekunleAugust 19, 2020
By Omobayo Azeez The ambition of African countries to make the continent one big market has just received another boost following the inauguration of the permanent secretariat for the African Continental Free Trade Area (AfCFTA) on Monday. At a ceremony to commission the permanent secretariat Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of […]
East Africa remains Africa’s strongest economy despite COVID-19 growth cut
Businessam StaffJuly 15, 2020
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, but it remains a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the African Development Bank’s East Africa Regional Economic Outlook 2020. The projection is under […]
AfCFTA implementation postponed due to coronavirus
Businessam StaffApril 29, 2020
The implementation of the African Continental Free Trade Area (AfCFTA) agreement will not begin on July 1st this year as planned due to disruptions caused by the novel coronavirus (COVID-19) global pandemic. Wamkele Mene, newly elected secretary-general of AfCFTA secretariat stated this in a conference call. “It is obviously not possible to commence trade as […]
Malpass, World Bank president, wrong, says AfDB on its role in Africa’s debt profile
Samson EchenimFebruary 13, 2020
By Samson Echenim The African Development Bank (AfDB) has described as inaccurate, alleged statement by World Bank President, David Malpass that the continental bank’s tendency to quickly lend to member countries was growing Africa’s debt profile. In several recent news reports, Malpass was quoted as saying “some multilateral development banks, including the African Development Bank, […]