Author: The Exchange

Citing crypto as a potential money laundering and terrorist financing tool, the Indian government is expected to introduce crypto regulation framework in November. However, crypto will not be banned completely—as was originally believed at the start of this month and for some time thereafter. A newly-detailed document (PDF), “Cryptocurrency and Regulation of Official Digital Currency Bill” surfaced online over the weekend that with seek two major objectives: ban private cryptocurrencies; and create a legal framework for official digital currency issued by central banks. It most likely would be officially introduced during Parliament’s Winter Session starting November 29. The bill has…

According to new figures from the International Union of Marine Insurance (IUMI), the shipping industry is seeing the biggest spike in lost containers in five years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. Ocean carriers successfully mitigated the impact of the supply disruption of the coronavirus outbreak in China during the latter part of Q1 by an aggressive blanking strategy, involving the withdrawal of some 36% of Asia to Europe sailings and 28% of transpacific head haul loaders during February. The Gulf Leading electronics giant Brand,…

Opening up new channels for African creative professionals are Akoobooks (Ama Dadson of Ghana), Casting Africa (Kwasi Bosiako Antwi of Ghana) & Kipepeo (Marie Behrens & Warren Pougnet of Mauritius)
Those diversifying access to financing – MyWagePay (Beth Mwangi & Patrick Pere of Kenya), CNG Transfer (Emmanuel Tochi and Ken Omulo of Nigeria & Kenya), SaveApp (Aziz Omar Masumbuko of Kenya) and Cashback (Inès Assoumou of Cote d’Ivoire);
In navigating last-mile mobility with style, it is DeliverASAP (Oyedayo Oyeniran of Nigeria) including vehicle maintenance for the long haul – Motor Parts Nation (Genera Moore of Ghana).

Forex Trading Guide in South Africa If you seek detailed information on how to trade forex in South Africa, we are here to teach and guide you as a beginner trader into the wonderful world of forex trading. The reason behind the craze among the people for forex trading is that it is one of the most liquid markets in the world. On average trading, amounts exceed $5 trillion every day in the forex marketplace. In South Africa, trading amounts exceed $80 Billion (approximately R120 Billion Rand) on a daily basis. In South Africa, there are many trading rules and…

The full blossom of the African girl child still has miles to go, with many girls still bearing the brunt of a string of heartbreaking complex misfortunes marauding the continent of untapped potential which can otherwise be harnessed to foster growth and development in diverse fields.   Africa is renowned as home to some of the world’s fastest-growing economies and offers exciting frontiers for businesses looking for growth and new markets. However, gender inequality holds captive this massive potential. According to McKinsey Global Institute, if Africa steps up its efforts now to close gender gaps, it can secure a substantial growth dividend in the…

A brief conversation with Dr. Tomás Matola, CEO of BNI Mozambique Development Bank  For decades, Dubai has been an inspiration to African leaders and global entrepreneurs as an example to be followed in terms of development. With a growing African interest from Dubai investors and entrepreneurs the world over Africa is now becoming the next go to place for investment.  Among the continent’s many countries, Mozambique stands out due to its wealth of natural resources. As part of the Global Business Forum Africa 2021, under the auspices of the Dubai Chamber of Commerce and Industry, The Exchange had a brief conversation with Dr. Tomás Matola, CEO…

Indeed, African governments are reaping a plethora of benefits from the inclusion by international financial markets to broaden the scope of their funding sources, swiftly abandoning foreign aid and traditional multilateral institutions.   International financial markets have opened a window thereby providing a suitable platform for African governments to borrow, chiefly for capital spending through Eurobonds issuance. However, this opportunity has been watered down by overexploitation through excessive borrowing. Consequently, debt has been accumulating devoid of a meticulous assessment of risks posed and the consequences thereof, such as exchange rates and the real repayment costs for the piling debt.   The International…

The Dubai Chamber of Commerce and Industry has been instrumental in enabling Dubai’s business sector to move forward, despite the global pandemic. As trade, tourism and innovation play an integral role in Dubai’s position as a global hub for commerce and industrialization, it is important to note that the Dubai Chamber of Commerce and Industry has been a vital component in the success of the Emirate. Today, as Dubai has embarked on hosting the World Expo 2020, the leadership is looking at matters associated to sustainability and innovation as key aspects to drive change.  It is through this vision that…

Billed as Africa’s largest financial institution in the mid-2010s, the story of Atlas Mara is as intriguing as the money it was said to control at that time. Sometime in 2016, the financial institution wanted to buy Barclays Bank’s Africa’s assets, adding to the lustre the company had at the time. Established just three years earlier in 2013, Atlas Mara struggled to establish itself as a major player in Sub-Saharan Africa’s (SSA) financial sector. The company was founded by the then-proclaimed Ugandan billionaire Ashish Thakkar but four years later, he left the entity after a divorce case which exposed that…

Stock Market, the heartbeat of any country’s economy. Whenever the stock market is going up or dive down the country’s economy shows up in countable turmoil in the markets. It is the stock market that gives you an indication of what the future of any country is. The stock market attracts everyone to itself, some people’s luck reaches the sky and some people fall on the ground. It happens when you invest randomly without knowing the actual status of the market. Proper information about the stock market plays a major role in grabbing the stock at the right time. Embed…