- Italy, Libya sign US$8 billion gas deal as Meloni visits Libya
- Allianz Risk Barometer 2023: Top threats for Kenyan Businesses
- Adil Arshed Khawaja replaces John Ngumi as Safaricom Chairman
- EABL half year profit remains flat as costs rise
- Can Nuclear power generation save Southern Africa’s Power Pool?
- The Slowdown of the Global Economy: What it means for Africa’s Fragile Economies
- Tullow Oil to invest US$10 million in Kenya’s oil field development
- Harnessing 4IR to propel Africa’s economy to address unemployment
Author: Joseph Kangethe
I am a journalist who is an enthusiastic tech, business and investment news writer from across Africa. There is always something good happening in Africa but most gets lost in the stereotypes. I tell the stories that matter to the Africans for Africa. Have a tip? You can contact me at firstname.lastname@example.org
In a continent where cost so often is cited as a prohibitive factor in providing basic needs, blockchain technology and its many expressions hold so much potential for the future Twenty-five countries in Africa have banned cryptocurrency Morocco most recently moved from an absolute ban on cryptocurrency to revealing they will soon launch a Cryptocurrency regulation bill The African continent has a lot to gain from blockchain technology. In a continent where cost so often is cited as a prohibitive factor in providing basic needs, blockchain technology and its many expressions hold so much potential for the future. However, Africa’s…
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Among the ways that the colonizers slowed down the growth and unity of Africa is through the demarcation of boundaries 60 years ago. These boundaries gave birth to over 41 different currencies on the continent that have complicated intra-African trade.
The continent uses over 5 billion dollars in currency conversion, monies that could have been directed to other economic development projects. African countries’ attempts to form a common regional currency have proven futile precisely because of all the frameworks of laws that need to be revised and harmonized in the different countries.
Agriculture employs a considerable proportion of the African population and contributes a sizable portion of the continent’s GDP In a study issued in February 2022, the Global Hunger Initiative stated that 45 million people in 43 African nations risked starvation Food availability has long been recognized as a crucial factor in achieving long-term economic success “Economic growth is only sustainable if all nations have food security,” says Maximo Torero of the International Food Policy Research Institute (IFPRI). He states, “Without a country-owned and led food security policy, global, regional, and national economic growth would face challenges and additional expenses.” Food…
The poor roads in the DRC and the level of insecurity in the country make it difficult and costly to move these mineral resources to the Atlantic port. This makes DRCs decision to join the EAC their most viable option.
A state-owned shipping line from the Congo, the Lignes Maritimes Congolaises (LMC), has already set base in Kenya and plans to start its operation in Mombasa starting this June.
The shipping line seeks to channel more exports and imports goods through the port of Mombasa.
In 2020, the DRC imported goods of over US$333 million from Belgium, with products such as blood, vaccines, refined petroleum and packaged medicaments topping the imports Including the DRC in the EAC provides Belgium with almost all the imports they source from Africa from one region, the East African region The atrocities committed by King Leopold II are dragging the relationship between these two countries The war between Russia and Ukraine is shifting the focus of European countries to Africa as an alternative market for gas and food products. Among the relationships that have registered an upward trend is a…
Every August, 10,000 teams will be allowed to register for that year’s African Startup League competition. The top 100 projects will win cash prizes (investments) of a minimum of US$10,000, with top startup projects walking away with a minimum of US$1,000,000 investment.
The rules of the African Startup League will be published in The Exchange on or before June 20th, 2022. The competition will run from August until December, with the winners being chosen and announced no later than December 15th of each year.
East Africa’s economy is booming, with yearly GDP growth trending upward. The region’s GDP was expected to grow by roughly 5 per cent by 2020. Despite the Covid-19 epidemic, the region increased by 3 per cent in 2021 and is expected to increase to 5 per cent in 2022.
Kenya’s polls will determine how the country’s stalling economy rebuilds following the devastating coronavirus outbreak and the anxiety to achieve a calm democratic process Whoever triumphs will receive a weak economy and a disgruntled people amid a domino effect of Covid-19, famine, and the Ukrainian conflict, which has disrupted fuel, wheat, and fertilizer supplies and exacerbated an extreme famine situation in East Africa. The President-elect must address Kenya’s unsustainable budget imbalance. Kenya Elections 2022 date Kenya will conduct a general election on August 9, 2022, with adjustments to all political offices in the government, including parliament, senate, and the Presidency.…
In reality, Russia’s assault on Ukraine will spark an African energy transformation, leapfrogging fossil fuel use in Africa and Europe. Improved infrastructure is required to increase gas flows from Africa to Europe. The European Union (EU) imported 155 billion cubic meters of natural gas from Russia in 2021, accounting for about 40 per cent of total EU gas consumption. Solar energy can also scale up quickly, potentially outpacing plans to develop new liquefied natural gas ports. Europe’s Energy crisis has been born from the European Union imposing sanctions on Russia. The EU imported 155 billion cubic meters of natural gas…