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Tag: Business

Africa Business Southern Africa World Zimbabwe 

Zimbabwe’s gold coins that are to tackle soaring inflation

Elwin Mandowa, , , , , , , , ,
Interest rate has doubled in July alone to 200% with annual rate of inflation rising above 190%. The coin called “Mosi-oa-Tunya” means “The Smoke Which Thunders”. It refers to Victoria Falls, on the border between Zimbabwe and Zambia. According to the country’s central bank the coins will be priced at the international market rate with each going for an ounce… Read More
Africa Business World 

Impact of G7’s multi-billion dollar plan on Africa’s infrastructure gap

Elwin Mandowa, , , , , ,
– – In late June 2022, it was announced at the G7 Summit in Germany that a USD 600 billion lending initiative, the Partnership for Global Infrastructure Initiative (PGII), would be launched to fund infrastructure projects in the developing world, with a particular focus on Africa. The G7 countries – Canada, France, Germany, Italy, Japan, the United Kingdom (UK) and the… Read More
Africa Business West Africa World 

ANDE supports small businesses in West Africa at Ghana conference

Elwin Mandowa, , , , , , ,
– – The Aspen Institute of Development Entrepreneurs (ANDE) is holding its Annual West Africa Regional Conference in person Ghana. The conference taking place at the Kempinski Hotel in Gold Coast, Accra begins on July 19 and ends on July 20, 2022. For four years, the ANDE West Africa Regional Conference has been a destination event for Enterprise Support Organizations,… Read More
Africa Business World 

Infocus brings back Carbon Capture, Utilisation and Storage masterclass

Elwin Mandowa, , , , , ,
– – Infocus International Group is bringing back the highly recommended Carbon Capture, Utilisation and Storage (CCUS) online masterclass and it will be commencing live on the 31st October 2022 and 17th January 2023. This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability… Read More
Africa Business South Africa Southern Africa World 

South Africa’s recovery is on its way but downside risks remain

Elwin Mandowa, , , , , , , ,
– – Following a robust recovery in 2021 after the Covid-19 pandemic (+4.9 percent), the GDP of South Africa is anticipated to continue expanding over the next two years, but at a slower pace. Analysts are expecting growth to increase by 1.8 percent in 2022, and by 1.3 percent in 2023 according to the latest OECD forecasts. But the South… Read More
Africa Business World 

Understanding currency pair sentiment

Elwin Mandowa, , , , , , , ,
– – An important aspect of any profitable approach for trading foreign exchange is having an understanding of the impact that sentiment has on the values of currency pairs. If you are able to understand these sentiments through the quantified tools and resources that are available to forex traders, then you will be able leverage this sentiment in a timely… Read More
Africa Business East Africa West Africa World 

Kenya freezes Nigerian tech firm’s bank accounts over fraud allegations

Elwin Mandowa, , , , , , , , ,
– – Kenya has frozen bank accounts run by a Nigerian online payments’ company on the orders of a court. The Kenyan court ordered the freeze over allegations that the firm’s accounts were linked to fraud and money-laundering. Kenya’s Assets Recovery Agency (ARA) said it sought and was granted orders freezing a total of 6.2bn shillings ($52.5m; £43.9m) in 62 bank… Read More
Africa Business Ghana West Africa World 

Ghana goes back to the IMF for support amid economic distress

Elwin Mandowa, , , , , , ,
– – Ghana’s government has announced plans to seek support from the International Monetary Fund (IMF) as it continues to struggle with worsening economic conditions. The West African nation’s economy continues to plummet as it struggles to improve the living standards of citizens. The country’s public debt stock now stands at GH¢341.8 billion ($45.5 billion) with a corresponding debt to… Read More
Africa Business World 

Zeepay hosts conference to mark international day of family remittances

Elwin Mandowa, , , , , ,
– – Zeepay Company Limited, on Thursday June 16, 2022 hosted the second edition of Disrupt 270 Conference on the theme “Leveraging Remittances for Digital Inclusion and Impact” to commemorate the International Day of Family Remittances. The one-day thought leadership conference provided insights on the evolution of remittances post-pandemic and how various policies are influencing the industry to impact diasporans and… Read More
Africa Business Featured World 

The power of renewal – the current status of energy transition in Africa

Elwin Mandowa, , , , , , ,
– – Post-pandemic, new solutions are being implemented to address Africa’s power challenges, which have been hampered by a lack of competitive funding, the dire state of the continent’s utilities infrastructure, and the need for energy policy and legislative reform to boost investment in the sector. Such solutions have had to consider energy transition and the utilization of renewable energy,… Read More