Author: The Exchange

- We provide economic news and analysis on the investment arena in Africa, with a particular interest in doing business. Our key areas of focus include banking, capital markets, energy, mining, manufacturing and industrial development.

military cooperation

Beijing has undertaken to train 6,000 military personnel and invite 500 African officers to China for skilling. As China strengthens its military ties in Africa, the US has faced setbacks, particularly with the recent withdrawal of American troops from Niger. Analysts say China’s military push in Africa is part of a broader strategy known as the Global Security Initiative (GSI), launched in 2022. In a rapidly shifting world, China, already the top trading partner with Africa is going further by announcing a bold $140 million military cooperation plan to train 6,000 personnel across the continent. This development, announced at the…

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Creating the perfect gaming build is a blend of art and science, demanding a careful selection of components tailored to your specific gaming needs and budget. Whether you’re chasing high frame rates in fast-paced shooters or immersive experiences in AAA titles, your gaming PC build sets the foundation for your entire gaming journey. This comprehensive guide will walk you through everything—from assembling a budget-friendly system to unleashing uncompromising power with high-end components—helping you to dominate the competition and elevate your gaming to new heights. Ultimate Gaming PC Build Guide – Dominate the CompetitionDesigning an ultimate gaming PC build involves selecting…

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Africa's richest man

South African Johann Rupert has overtaken Dangote, becoming Africa’s richest person in a move that highlights the tectonic shifts sweeping across Nigeria and South Africa’s economies. While Rupert’s wealth soared, Dangote’s fortune took a gut punch, contracting by $1.7Bn this year to $13.4Bn. Richemont, with its portfolio of luxury brands, operates in a global market that is less vulnerable to the economic woes of any single country unlike the Dangote Group. The crown for Africa’s richest man has left Nigerian industrialist Aliko Dangote to South African luxury goods icon Johann Rupert. For over ten years, Aliko Dangote seemed unassailable, with…

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Mpox Africa

WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox. An uptick in cases, especially in Burundi, Kenya, Uganda, and Rwanda, along with sporadic cases in Europe, prompted the WHO’s emergency declaration. Despite these concerns, mpox is not likely to evolve into a pandemic akin to COVID-19. Last week, the World Health Organization (WHO) declared mpox (formerly known as monkeypox) a Public Health Emergency of International Concern. This decision underscores the escalating threat posed by the virus, which surged globally in 2022 but has since seen a troubling resurgence, particularly in Africa. The…

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Musk's Starlink

Safaricom has requested telco industry watchdog, the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from operating independently within Kenya. Kenya’s largest telco argues that allowing satellite providers to operate independently could lead to challenges in enforcing compliance with local laws. Safaricom insists satellite ISPs should only be allowed to operate under the license rights of a local company. A fierce battle is looming in Kenya’s internet service provider (ISP) industry, with Safaricom PLC, the region’s largest telecommunications operator, requesting the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from…

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developing a winning mind as a trader

In trading, your mind is your greatest asset or your worst enemy. Emotions can cloud judgment, leading to impulsive decisions that often result in losses. Fear, greed, overconfidence, and hesitation are common emotions that can derail even the most carefully crafted trading plans. Understanding and controlling these emotions is essential to ensure they don’t negatively impact your trading decisions. Trading isn’t just about understanding charts, mastering technical analysis, or knowing the latest market trends. The psychological aspect of trading is what separates consistent winners from the rest. If you’re serious about succeeding as a trader, developing a winning mindset is…

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save for college financial planning for college

1. Start Early with a 529 College Savings Plan One of the most effective ways to save for college is by investing in a 529 College Savings Plan. This tax-advantaged savings plan allows parents to set aside money for their child’s education, with the earnings growing tax-free. The earlier you start, the more time your investments have to grow, potentially leading to significant savings by the time college enrollment begins. For students looking to balance their studies with part-time work, they can search for “online writing service EduBirdie can do my assignment” and find a reliable service that helps them…

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digital fraud attempts

Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for months up to a few years. When compared to day trading, its swing trades have features of short-term fluctuations in the market. Modern trading platforms, like Exness, provide advanced tools and resources for position traders. Buying and selling of stocks incorporate many strategies for varying risk appetites and time frames. One of them is position trading: a long-term strategy of trading with the view of deriving gains from the major trends. In this article, we shall look at…

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Social media

The protests, dubbed “occupy parliament,” were coordinated and mobilised on social media in contrast to those led and sponsored by politicians. Many were demonstrating for the first time and waved signs such as “Do Not Force the Taxes on Us,” while others chanted: “Ruto must go.” Unlike previous political anti-government protests, these demonstrations are not characterised by looting, destruction of property, or stone-throwing. Social media as a weapon A bold new generation of young Kenyan protesters has emerged on the streets, forcing the government to back down on several unpopular tax proposals. What started as anger on TikTok about a…

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SMEs

SME loan products offer a considerably low interest rate, which helps fund businesses. Pezesha is a financing platform for small and medium-scale enterprises (SMEs) that enables them to access affordable credit and other financial services through embedded finance infrastructure. Safaricom has partnered with Pezesha, a digital lender, to credit small business owners, adding to the telco’s existing loan products. Pezesha loan products Pezesha is a financing platform for small and medium-scale enterprises (SMEs) that enables them to access affordable credit and other financial services through embedded finance infrastructure. Pezesha has created an integrated digital financial infrastructure whose mission is to…

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