Author: Aly Ramji

As President-elect Donald Trump, a man who once referred to Africa as ‘shithole countries,’ assumes office, the question remains: Can the U.S. move beyond gestures and deliver on its promises to Africa? Under Democratic leadership, U.S. policy toward Africa has typically focused on programs aimed at long-term development, governance, and economic opportunities. So far, however, decisively countering China’s growing economic presence in Africa has remained elusive, whether under Trump, Biden, or even Obama, a man who has Kenyan roots. Africa has long been a continent of paradoxes for U.S. foreign policy, celebrated for its potential but too often neglected when…

Thanks to virtual dollar cards, residents of African countries find it significantly easier to conduct online transactions on popular digital services and shop on international platforms. In our article, we explore the top 5 virtual cards on the continent. All of them are characterized by seamless online transactions and enhanced security features. They are easy to use and simple to obtain. 1. PSTNET FinTech service PSTNET introduces virtual cards compatible with Visa and Mastercard, offering unrestricted global usage. These cards are versatile, catering to various needs. Specialized cards are available, such as those for managing payments for Facebook Ads or…

The Companies and Intellectual Property Commission (CIPC) in South Africa recently fell victim to a cyberattack, potentially compromising the sensitive data of at least three million entities and individuals registered with the commission. The breach occurred earlier this March and exposed a wide range of sensitive information, including addresses, credit card details, ID numbers, and company names. The CIPC has urged its clients to remain vigilant for any unusual requests or messages and to be cautious when receiving emails, even those appearing to be from the CIPC email address. Lungile Dukwana, the organization’s Chief Strategy Executive, stated that the attack…

Investing can feel overwhelming, but there’s one golden rule: don’t put all your eggs in one basket. Check out AvaTrade’s online stock market course to learn the basics and advanced strategies for stock trading. It’s a great way to enhance your knowledge and get started with confidence. Diversification is the key to protecting your money and growing it steadily. Let’s talk about how to do this by including Forex, stocks, bonds, and even cryptocurrencies in your portfolio. Why Diversify? Diversification helps you spread your investments across different assets. This reduces the risk of losing everything if one investment goes south.…

In today’s fast-evolving trading landscape, automation plays a vital role in achieving consistent success for professional traders and fund managers. Multi-Account Manager (MAM) systems have revolutionized the way multiple accounts are handled, offering seamless integration with Expert Advisors (EAs) and various trading strategies. This article highlights the essential role of MAM in streamlining trading automation and enhancing its effectiveness by leveraging EAs. For a cutting-edge solution to manage multiple accounts effectively, consider AvaPartner’s multi account manager software. This innovative tool streamlines account management while providing seamless integration with automated trading strategies and Expert Advisors (EAs). What Are MAM Systems? Multi-Account…

Africa is full of opportunities. With its rich resources and growing economies, many sectors are ready for investment. Here are some of the best fields to consider. Agriculture Agriculture is the backbone of Africa’s economy. Investing here can be very profitable. In Nigeria, Olam International has put a lot into rice farming. This helps reduce rice imports and creates jobs. Similarly, Kenya’s Kakuzi is a top player in avocado production. They export to Europe and beyond. These examples show the potential for growth in agricultural exports. Better farming techniques, irrigation systems, and processing can boost food security and economic development.…

Investing has become crucial for wealth accumulation and financial security, but navigating this complex world can seem daunting. However, with the right approach and by arming themselves with knowledge, anyone can embark on this exciting journey toward financial freedom. Before we discuss the actionable steps and strategies Africans can use to start their investing journey, we must ensure you have a grasp of fundamental concepts, so here goes. Understanding the Basics of Investing At its core, investing involves allocating funds with the expectation that those funds will generate a return in the future. Returns come in various forms, including capital…

President William Ruto will lead Kenya at COP28 to showcase the country’s ambitious climate change strategy and advocate for sustainable development and climate resilience in Africa. Kenya is pioneering clean energy solutions, notably through biodigesters, which convert organic waste into biogas and organic fertilizer, aligning with the nation’s agricultural profile and enhancing energy independence. At COP28, Kenya aims to inspire global action and demonstrate that sustainable development is achievable in emerging economies, contributing significantly to the global climate change dialogue. As the world convenes in Dubai for COP28, a significant spotlight falls on Kenya. Under President Ruto’s leadership, Kenya goes…

COP28, which will attract over 70,000 attendees will center on Africa’s specific problems and demands. Africa will be focusing on four main issues: getting developing nations to agree to climate finance, fixing the loss and damage fund, getting fossil fuels out of the system, and making sure everyone has a fair chance to transition to low-carbon future. At COP28, world leaders will talk about how to finance climate action by attracting private investment from emerging and developing economies. From November 30–December 12, 2023, in Dubai, UAE, will be held the forthcoming COP28 meeting, which will mark the beginning of a…

United States officials and politicians have shown much interest and support for renewing the African Growth and Opportunity Act (AGOA) as its expiration date approaches in September 2025. The fate of this landmark legislation, which provides duty-free access to the US markets for some African countries, remains uncertain for the next 22 months but has significant implications for trade between the United States and Africa.