Author: The Exchange

To maintain any sort of forward trajectory – to ensure our art remains highly valued locally and internationally – it is of vital importance that we, as the private sector, continue to support the collectors and the artists who are helping to grow interest in the sector. A diversified portfolio is one of the key metrics of investment success. The greater this diversity, the more likely it will outperform the market, and the savviest investors are often looking for new opportunities: the rising stars among new asset classes. Investment in art is certainly not a new concept, but what makes…

A networking program in Dubai draws industry leaders for partnership opportunities and insights into eco-friendly trends. Industry experts explore the latest global trends, from eco-friendly wood manufacturing techniques to sustainable interior design solutions. Investors seek to establish business deals that open doors for expansion into new markets. The Dubai WoodShow, one of the premier events in the global wood and woodworking machinery industry, recently hosted a networking program at Radisson Blu Hotel Dubai, setting the stage for innovative collaborations and cutting-edge advancements. The event drew over 50 companies from diverse sectors, such as woodworking machinery, furniture tools, and accessories, and…

Authorities need to rework Senegal’s program with the IMF after an audit revealed a higher budget and debt deficit than previously reported. During former President Macky Sall’s rule, a review of Senegal’s finances showed that the country’s public and budget deficit was more than 10 percent of the gross domestic product, almost double the 5.5 percent reported under Sall. Shortly after taking office, President Faye initiated a review of Senegal’s natural resources sector. Reworking Senegal’s program with the IMF Senegal needs to rework its program with the International Monetary Fund after an audit revealed a higher budget and debt deficit…

Global economic growth will emanate from powerhouse BRICS economies over the next five years as per the IMF predictions. The ten BRICS nations comprise more than a quarter of the world economy and almost half the global population. China will contribute most significantly to global growth over the next half-decade, with its 22 per cent share outpacing all G7 countries combined. The countries comprising BRICS— Brazil, Russia, India, China, and South Africa, with five new members—are an informal grouping of emerging economies hoping to increase their sway in the world order. The BRICS group has become a major political force…

Scheduled for 24th to 25th October in South Africa, the Sustainability Week Africa forum will explore the challenges and solutions being deployed across industries to tackle climate change. Keynote speakers will share innovative ideas on how businesses can support the continent in adopting sustainable practices faster in the face of climate change. The first edition of Sustainability Week Africa comes at a time when governments and businesses across Africa are grappling with the negative impacts of extreme weather events. This week, policymakers will be closely following the proceedings at the Economist Impact’s Sustainability Week Africa, where keynote speakers will be…

Experts have warned of a refugee crisis in Chad as escalating violence and a food crisis in Sudan compel large numbers to flee across the border. Since April 2023, conflict has persisted between the Sudanese army, led by the nation’s de facto leader Abdel Fattah al-Burhan, and the paramilitary Rapid Support Forces (RSF). Despite the challenges faced by refugees in Chad, the escalating violence in Sudan is compelling an increasing number of individuals to seek refuge there. Refugee crisis in Chad Refugees and aid organizations have warned of worsening conditions in the overcrowded and underfunded camps of Chad as escalating…

The Senegal 2050 plan seeks to address the economy’s weaknesses and position the West African nation as a diversified and dynamic economy in the coming decades. At the heart of the Senegal 2050 plan is a commitment to green energy and infrastructure advancement. The strategy encompasses substantial enhancements in healthcare, guaranteeing that a healthier populace boosts productivity and innovation. Over the last decade, Senegal’s economy has remained strong, supported by major sectors, including agriculture, mining, and services. The country’s GDP growth has remained consistently strong compared to regional averages. Infrastructure projects, enhanced business regulations, and robust regional trade connections are…

A broken pipeline in South Sudan has thrown its capital, Juba into a state of turmoil. The pipeline in question is essential for the transportation of both crude oil and refined petroleum products. The economic implications of the pipeline failure are profound. South Sudan, afflicted by civil war, famine, and natural disasters, secured its independence from its northern neighbor, Sudan, over a decade ago. However, pervasive corruption and a violent kleptocratic system have fueled ongoing conflicts, and mass atrocities have impeded its progress on the global stage. In recent weeks, Juba, the capital of South Sudan, has been thrust into…

Flour Mills of Nigeria Plc plans to invest up to $1 billion over the next four years in an expansion and restructuring drive. The investment is a welcome boost to President Bola Tinubu’s reform efforts. Flour Mills will invest at least $500 million in its sugar operations in Niger state to scale production to more than 400,000 tons a year from the current 1000 tons. Flour Mills of Nigeria expansion Flour Mills of Nigeria Plc, the country’s biggest milling company, plans to invest up to $1 billion over the next four years in an expansion and restructuring drive after its…

The firm’s new Nairobi factory has tripled production capacity, fueling the county’s transition to electric motorcycles. Ampersand already has over 1150 e-bikes on the roads of Nairobi The latest expansion underscores the company’s commitment to cutting carbon emissions and driving clean economic prosperity across Africa. Ampersand, one of Africa’s electric vehicle (EV) energy tech companies, is ramping up its presence in Kenya with the opening of a new, larger plant in the capital, Nairobi. This expansion is poised to triple the company’s production capacity in the country, a strategic move aimed at meeting the surging demand for electric motorcycles (e-motos).…