Author: James Ndwaru

• Nairobi, Kenya, will be the site of the highly anticipated Annual Conference of the African Securities Exchanges Association (ASEA) from November 22nd to 24th, 2023. 
• The African Securities Exchanges Association has played a pivotal role in moulding Africa’s financial scene.
• A partnership of financial firms, the African Securities Exchanges Association is a key player in Africa’s economic revival. Its ability to promote inclusive growth, knowledge sharing, and cooperation is crucial.

Nairobi, Kenya, will be the site of the highly anticipated Annual Conference of the African Securities Exchanges Association (ASEA) from November 22nd to 24th, 2023, drawing the attention of the financial community of Africa. Positioning for Growth: Unlocking Africa’s Stock Exchange Potential for Sustained Economic Development is more than simply a debate topic; it’s a rallying cry for an economic revolution that is about to happen on the African continent.

The African Securities Exchanges Conglomerate (ASEA) has played a pivotal …

• The strategic manoeuvrings of the United States in the DRC’s cobalt mines serve as an international yardstick for how well it can balance economic aspirations with ethical imperatives.
• The DRC has become embroiled in a complicated geopolitical chess game, and it is no longer merely a national asset but a worldwide commodity.
• The strategic importance of cobalt from the Congo to the United States exemplifies the necessity for a multifaceted solution that upholds human dignity in the workplace, safeguards natural resources, and encourages economic resilience.

Conspicuously rising to critical importance on a global scale, cobalt has been overshadowed by the world’s precious metals. Although it is sometimes overlooked in resource talks in favour of its more glamorous cousins, gold and oil, this silvery-blue element—a byproduct of copper and nickel mining—is an essential component of modern technology.

Nevertheless, it is a mineral of the future because it powers electronic devices such …

The International Monetary Fund (IMF) has committed an additional $938 million to Kenya as part of a strategy to stabilise the country’s economy.…

On July 1, 2023, Kenya’s government announced a milestone change in the taxation setting by increasing the existing 7.5% tax to 12.5%.

Recent History of Kenya’s Stake Taxation

Njuguna Ndungu, National Treasury Cabinet Secretary, explained that the financial maneuver focuses on fighting against underage betting among Kenyan students. He also spent a speech on the addictiveness of gaming and betting and their detrimental social consequences on families and, in general, on the country’s youth. This stake tax decision has been controversial for the government, which decided to double the tax rate from 10% to 20% in 2019.

On the other hand, this decision provoked a decrease in tax revenue, partially resulting from a market exit trend. Thus, the National Treasury CS Ukur Yatani reintroduced the tax in 2021. The same year, the government fixed the excise duty at 20% of the income from stakes and betting activities.

However, the Finance …

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

International delegates have gathered in Nairobi, Kenya, hoping to make further progress towards a landmark treaty to address global plastic pollution. The meeting is happening at the UNEP headquarters as negotiators seek to solve the scourge of pollution resulting from more than 430 million metric tonnes of plastic waste produced annually.
More than 2,000 delegates have attended the global plastics summit. They include representatives from environmental organisations, the oil and gas industry, and civil society groups. The delegates in Nairobi will mull two options: a wide-ranging strategy targeting plastics production or a limited approach focussed on waste management.…

• The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy.
• Through the council, the Kingdom of Saudi Arabia plans to replicate various investments made in Pakistan, Indonesia, and India in Nigeria.
• Africa has increasingly become the subject of high competition between global economic powers.

Nigeria anticipates multi-billion-dollar “immediate” investment flows from the Kingdom of Saudi Arabia. This follows the signing of an agreement between the countries to establish a business council. The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy. These include technological advancements, telecommunications, energy, oil and gas, and agriculture.

The two countries resolved to restore the Nigeria-Saudi Business Council. Crown Prince Mohammed bin Salman Abdulaziz proposed the Business Council in 2019. However, the former president of Nigeria, Mahammadu Buhari, resisted the council.

“We expect to see significant investment flow immediately,” Abubakar …

South Africa’s gambling industry is experiencing a significant economic transformation with the arrival of international online casinos in its market. This transformation has not only changed the gambling landscape but has also had a far-reaching impact on the broader economy. The integration of global online casinos has brought about a surge in revenue, heightened competition, technological advancements, and regulatory developments, making it a defining chapter in South Africa’s economic narrative. Now, here, there are available plenty of different online casinos supporting many languages. For example, for German-speaking, this website introduces a list of new (neue – in German) online casinos with different welcome bonuses. This article examines the various impacts of this transformation, exploring how it has influenced different sectors and dynamics within the country.

Fostering Economic Growth Through Global Investments

The emergence of international online casinos has been a major factor in generating substantial revenue. By attracting players from …

Global climate negotiators have reached a framework for climate financing to deal with loss and damage in the run-up to the COP28 in Dubai.…

According to John Howkins, the orange economy incorporates industries whose goods and services arise from intellectual property. These include research and development, radio and TV, visual and performing arts, publishing, advertising, music, software, gaming, design, film, crafts, architecture, fashion, and design. Artists, cultural non-profits, and creative businesses can produce and disseminate goods and services that generate jobs, revenue, and quality of life.…