Author: furtherafrica.com

Side hustles are everywhere these days.People do freelance work, gigs on the weekends, or delivery jobs at night to “make extra money.” But here’s the unpleasant truth: sometimes doing more work doesn’t pay off. It can actually progressively take away your money, energy, and chances in the future. More Work Doesn’t Always Mean More Wealth When you trade hours for small payments, you might be missing better ways to grow your money.You may spend the time you spend racing around for quick cash acquiring a valuable skill or saving more money. You could spend that time learning how to trade…

The Forex market is the biggest and most liquid financial market worldwide, seeing a mean of over $6TN worth of currencies being bought and sold every day across the globe. Traders worldwide open up accounts to engage in trading in the pursuit of profits, fueling fierce competition among brokers. In this competitive landscape, XS.com stands out as one of the best and most popular trading platforms. With 10 years of experience, it started in Australia offering contracts for difference (CFDs) before expanding its portfolio of services to more asset classes, including stocks, crypto, currency, commodities, indices, etc. Traders of all…

In Africa, copy trading is becoming more and more popular, even though investors have differing opinions about the potential and concerns involved. Because the effects of news and changes in the global economy are muted, synthetic indices can perform better. Inexperienced traders might make money while they are still learning by using the copy trading option. Selecting a broker for copy trading, however, might be challenging. We will examine some important factors to consider in this article while selecting a broker in Africa to copy trade synthetic indices. Choices and Conditions for Trading Synthetic Indices Two of the most important…

As part of its overall mission, DIGILOGIC aims at developing a trend radar of the latest digital logistics technology trends with a focus on Africa. The trend radar is foreseen to be a dynamic, living tool that captures the development of business and especially technology. It will be continuously extended and enriched with examples from industry and research, which is why DIGILOGIC interviews experts for their perspectives on the digital logistics sector in Africa. Fabio Scala is the founder of FurtherAfrica, a business intelligence platform for senior professionals looking for information on finance, development, the economy and investment opportunities in…

Last March the IMF and Mozambique announced they’ve reached a staff-level agreement on a US $470M facility marking the fund’s much-anticipated return to the country. At the same time, a set of measures were presented in line with the upcoming new program including the approval of a sovereign wealth fund legislation, fiscal & governance reforms, and the publication of a report on the management of funds the country received from donors as part of its COVID emergency response. In line with the announcements, the Ministry of Finance has published today (document in Portuguese) a report showing that at the beginning of the…

Mozambique’s BNI National Development and Investment Bank have been selected as one of the Mozambican banks to participate in a project sponsored by European Union entities aimed at supporting financial institutions in the energy sector, specifically renewable energies. The project aims to promote local financing of the renewable energy ecosystem and is managed by the GIZ ‘Financial Systems Development’ program on behalf of GET.invest, an initiative supported by the EU, Germany, Sweden, Netherlands, and Austria. The implementation of the project is under Frankfurt base IPC GmbH. Through technical support, the program aims to promote national private financing for different types of investments in renewable energies, supporting BNI in the development of…

Having into consideration the epidemic COVID-19 worldwide situation, the Angolan executive decision to extend the validity period of the documents of foreign citizens who are currently out of Angola. To this end, documents such as residency authorizations, refugee cards, investor visas, work visas, and temporary permanence visas the validity period of which has terminated as of 28 February 2021 are considered valid until 31 July 2021. However, in order to benefit from this extension, the individuals which return to Angola must request the renovation or extension of the documents within 5 days after entering Angolan territory. Also read: How Foreign Countries…

This diploma has the goal of completing the regulatory programme carried out by the Angolan Executive with the purpose of reforming financial regulations. In fact, this new Law has the purpose of suiting the current challenges within the scope of financial stability, in particular in what concerns the reinforcement of the legal framework of the regulation and supervision of the institutions participating in the Financial Sector. Thus, this new regime introduces significant changes to the existing legal framework, namely in what concerns its institutional part, as well as supervision, interventive, contraventions, and sanctions measures. Also read Finance in Common Summit…

The business model for airlines has been fundamentally flawed for decades but the last 20 years or so have been particularly challenging. Growing competitiveness, a roller coaster of fuel prices, labor unions, and especially the phenomenon of low-cost carriers have made it all the more difficult to reach positive earnings pretty much in every route. With a number of countries sporting continental distances, Africa has been an exciting promise for air carriers, but not without its challenges. Poor infrastructure and the high cost of maintenance and logistics have plagued the development of an effective air grid in the continent. Nevertheless,…

Oil and gas projects are very complex due to a variety of challenges that need to be overcome. Risk management and financial burden are some of the hottest issues currently on these projects. Now imagine you add Covid-19 and insurgent movements near the project area. “The French oil and gas company Total is considering setting up a logistical base for its Mozambican operations, not only in part of Mozambique, but on the French Indian Ocean possession of Mayotte, according to a report (…)” as per the digital news portal Club of Mozambique. It shouldn’t come as a surprise at all.…