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Energy resources can spark Africa's economic growth
Energy resources can spark Africa's economic growth

Despite the Covid-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments...

By NJ Ayuk 4 Nov 2020

Zuneid Yousuf
Covid-19 and AfCFTA: why now is the time to maintain momentum despite the global pandemic

The buzz and excitement around the continent's trade agreement, hailed as the answer to a fully integrated pan-African economy, has undoubtedly slowed its pace since the secretariat became operational in April 2020...

By Zuneid Yousuf 15 Oct 2020

Professor Njuguna Ndung’u
Business as usual in post-pandemic recovery will only reinforce economic hardship

Africa's low level of economic diversification is a leading factor in the continent's economic fragility. Further, the Covid-19 pandemic has magnified the risks of countries' over-dependence on a single natural resource such as oil...

By Njuguna Ndung'u 28 Sep 2020

Africa is open for business
Africa is open for business

Despite the Covid-19 pandemic, investment opportunities still abound in Africa. Global markets are shifting to South Asia and Africa...

15 Sep 2020

Tijsbert Creemers, managing director and partner, Boston Consulting Group
Mobile payments will unlock new business for banks in Africa

Mobile payments and other phone-based transactions represent a must-win opportunity for banks in Africa. The estimated market in facilitating payments alone is $500bn...

8 Sep 2020

#WorldEntrepreneursDay: Pezesha, Kenya's digital financial enabler platform and marketplace
#WorldEntrepreneursDay: Pezesha, Kenya's digital financial enabler platform and marketplace

Every year, 21 August marks World Entrepreneurs' Day. The purpose of this day is to create awareness of entrepreneurs and innovation throughout the world...

By Evan-Lee Courie 21 Aug 2020

Why the African free trade area could be the game-changer for the continent's economies
Why the African free trade area could be the game-changer for the continent's economies

Most economists see structural transformation as one of the main routes to Africa's sustainable development...

By Muazu Ibrahim 3 Aug 2020

IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.
Why African countries are reluctant to take up Covid-19 debt relief

A debt service relief package has been approved by some of the world's biggest lenders for more than 25 African countries...

By Misheck Mutize 30 Jul 2020

Network International to acquire DPO in landmark pan-African payments deal
Network International to acquire DPO in landmark pan-African payments deal

DPO Group will support the expansion of Network International's presence across Africa, one of the most under-penetrated and fast-growing payments markets in the world...

29 Jul 2020

East Asian countries have looked up to Japan as a model of success.
What drove Asia's economic success stories, and what should Africa emulate?

The remarkable economic transformation of Asia in recent decades has attracted global attention. It has ignited scholarly and policy debates about the region's development models and strategies...

By Mills Soko 27 Jul 2020

Image credit: Retha Ferguson from Pexels
Covid-19 impact on consumption patterns in Africa's key markets

Prior to the pandemic, Africa was identified as one of the fastest-growing consumer markets in the world, with household consumption growing even faster than GDP...

23 Jul 2020

Akinwumi Adesina leads a bank that has the USA as its second largest shareholder. CGIAR/Wikimedia Commons, CC BY-NC-SA
Independence is at the heart of the African Development Bank's ability to be effective

Independence is a cardinal pillar for organisations that are set up to deliver a public good. Their success depends on it...

By Kalu Ojah 13 Jul 2020

Safeguarding our communities through the Covid-19 pandemic
Safeguarding our communities through the Covid-19 pandemic

Financial leaders are at a tipping point. The choices they are making today will become the bedrock of the industry for years to come...

By Olga Arara-Kimani 6 Jul 2020

The African Continental Free Trade Area - from agreement to implementation
The African Continental Free Trade Area - from agreement to implementation

The Agreement Establishing the African Continental Free Trade Area (AfCFTA) was brokered by the African Union (AU) and adopted by 44 of its 55 member states on 21 March 2018. By February 2019, all AU countries, save for Eritrea, had become signatories to the AfCFTA, which came into force on 30 May 2019...

By Robyn Berger, Theunis Claassen and Catherine Robson 30 Jun 2020

A deserted street in Cairo after coronavirus-related restrictions were tightened. Egypt has been one of the hardest hit in Africa. Photo by Mohamed Elraai/picture alliance via Getty Images
Controlling Covid-19 will carry devastating economic cost for developing countries

Many African countries quickly closed their borders and imposed lockdown. This meant that, until the beginning of May, no African country had more than 10,000 people affected, with South Africa, Egypt, Morocco or Algeria being the hardest hit...

By Borja Santos Porras 4 Jun 2020

Africa’s dependency on commodity exports, including oil, makes it more vulnerable to the impact of Covid-19. Getty Images
How a post-Covid-19 revival could kickstart Africa's free trade area

The African Continental Free Trade Area was launched two years ago at an African Union (AU) summit in Kigali. It was scheduled to be implemented from 1 July 2020...

By Faizel Ismail 27 May 2020

Clement Chinaka
Slow Covid-19 economic recovery compels African companies to adapt

The World Economic Forum (WEF) reported this week that the pandemic has hit global trade and investment at an "unprecedented speed and scale" and revealed the fragility of the modern supply chain...

By Clement Chinaka 21 May 2020

#LockdownLessons: Paxful launches #BuiltWithBitcoin Africa Fund in lockdown
#LockdownLessons: Paxful launches #BuiltWithBitcoin Africa Fund in lockdown

Artur Schaback, one of the co-founders and COO of Paxful, shares how the company has adjusted to life under lockdown...

By Evan-Lee Courie 19 May 2020

A member of the Nigerian Health Task Force fumigates a building in Abuja, Nigeria, as the city struggles to curb the spread of coronavirus. COVID-19 Photo by Kola Sulaimon/AFP via Getty Images
Steps to inoculate African economies against the impact of coronavirus

The curve of the coronavirus pandemic started to bend upwards in Africa only recently - just as the curve in the 10 most-affected countries around the world was flattening...

By Chuku Chuku 15 May 2020

Getty Images/Stock photo
Vultures, doves and African debt: here's a way out

Once again, African countries are confronting overwhelming debt burdens. According to the most recent World Bank debt statistics, they owe a total of $493.6bn in long term debt to their foreign official and commercial creditors. About one third, $117bn, is in the form of tradeable bonds...

By Danny Bradlow 7 May 2020

Cloud technology can significantly reduce banking costs in Africa
Cloud technology can significantly reduce banking costs in Africa

The high cost of providing financial services in Africa means that more than 700-million people lack access to a bank or mobile money account and only 41% are financially included...

21 Apr 2020

It’s time the EU turned its rhetoric about Africa into more tangible action. epa
Europe and African relations post Covid-19: time to add size, scale and speed

Since 2000, European and African leaders have been talking about giving the partnership between the two continents a "new strategic" dimension...

By Carlos Lopes 1 Apr 2020

The cost of coronavirus in Africa: What measures can leaders take?
The cost of coronavirus in Africa: What measures can leaders take?

With the novel coronavirus Covid-19 having reached the African continent, countries are getting ready to manage the spread of the virus and ensure that their fragile health systems can cope...

By Dorothy Tembo 1 Apr 2020

AfDB launches $3bn 'Fight Covid-19' Social Bond
AfDB launches $3bn 'Fight Covid-19' Social Bond

The African Development Bank's new $3bn Fight Covid-19 Social Bond is the largest dollar-denominated social bond ever launched in international capital markets to date...

30 Mar 2020

#BlockchainAfrica: So you think you need a blockchain?
#BlockchainAfrica: So you think you need a blockchain?

It's 2020, and we're still in hype overdrive about blockchain...

By Cayle Sharrock 5 Mar 2020

#BlockchainAfrica: The impact of blockchain on the global economy
#BlockchainAfrica: The impact of blockchain on the global economy

In 2020, many of the world's most influential business executives and policymakers are aware of blockchain's potential to turn the global economy around...

By Ilija Acimovic 4 Mar 2020

What amendments to Kenya's digital tax law mean for SMEs
What amendments to Kenya's digital tax law mean for SMEs

Digital traders would likely have heard of the recent changes to the Income Tax and VAT Acts introduced by the Finance Act, 2019 (the Act)...

By John Syekei, Nikhil Hira, Denis Magonga and Angela Mukora 26 Feb 2020

There has been a slide in the levels of foreign direct investment in Africa. Wikimedia Commons
African countries aren't getting as much as they should from foreign direct investment

Economic growth is driven by a number of factors. These include foreign direct investment, national savings, household spending, fiscal and monetary policies...

By Muazu Ibrahim 25 Feb 2020

Image source: Getty/Gallo
Fear spreads easily. That's what gives the Wuhan coronavirus economic impact

One way to count the cost of the Wuhan coronavirus is by how many people catch it, and then how many die. Another is the direct financial costs of public health measures to treat those infected and contain its spread...

By Ilan Noy 30 Jan 2020

Activist Greta Thunberg was among attendees who want the world’s leaders to prioritise fighting climate change.
AP Photo/Michael Probst
How CEOs, experts and philosophers see the world's biggest risks differently

We live in a world threatened by numerous existential risks that no country or organisation can resolve alone, such as climate change, extreme weather and the coronavirus...

By Christopher Michaelson 28 Jan 2020

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