Author: The Exchange

Zimbabwe’s Finance Minister Mthuli Ncube delivered an optimistic 2021 $426 billion worth national budget. The upcoming year’s budget under the theme: Building Resilience and Sustainable Economic Recovery, is meant to be a gateway for an economic revival in the struggling country.  The budget allocated a sizable proportion of the funds towards the health and education sectors.   Key Budget Highlights Budget size $421.6 billion Revenue collection projected at $390.8 billion Public debt $1.9 million The economy is expected to grow 7.4% in 2021 following a consecutive decline in the past two years. Year on year inflation is projected to end the…

Nancy Pelosi Net Worth Here in this article, we are going to introduce Nancy Pelosi who is a famous American politician and her Net worth. Who is Nancy Pelosi & What is her Net Worth? Nancy Pelosi is an American ministry official who has total credit of $120 million. In her newest abundance acknowledgment, Nancy and her husband Paul Pelosi estimated their total assets to come someplace in the scope of $43 million and $202 million depending upon the estimation of land resources, corporate securities, and other private resources. $1.9 trillion to put vaccines in arms, money…

Forex Basics You Should Know About Online Trading Forex Trading, or the foreign exchange, is the largest financial market. Every day, close to 6 trillion US dollars circulates between institutions and individuals. You do not have to be a finance professional to join in. Today, there is no shortage of Forex tutorials and other instructional content. Discover the most basic facts about the market and its workings, and become a trader in South Africa. 1.   How Profit Is Made Trading is the monetization of knowledge. You should be able to predict movements of currency exchange rates, and open positions…

Forty-three leading global investors from Africa, Europe, the US, and the Middle East have signed up to participate virtually in the 8th Angel Fair Africa on 5th November 2020. The investors are from Angel Africa List (AAL), Africa Venture Capital and Private Equity Association (AVCA), America Capital Association (ACA), Women-In-Capital (WIC), Viktoria Business Angel Network, Brightmore Capital, amongst others. Anime Partners and MSM Property Fund are supporting the investor participation. The ten selected ventures to pitch to these investors have gone through our one-month Africa Virtual Accelerator (AVA) @ https://www.africavirtualaccelerator.com/in.php. They are, ShopMeAway led by Racine Carr; Kalpay led by…

COVID-19 has taken a massive toll on the world and our global society today. In this time of uncertainty, start-ups play an important role by bringing fourth market innovative solutions that intercept the challenges and negative impacts caused by the pandemic. Start-up hotspots come from all regions of the globe with unique values and cultures that improve their ecosystems. Africa is a continent with the least developed countries in the world. There are 33 countries that are classified as least developed countries in the continent, some including Zambia, Benin and Angola according to the United Nations. The other 21 countries…

Zambia – Tanzania relations It’s no secret that Zambia’s economic situation has gone from bad to worse over the years. In mid-2018 the country’s debt reached 9.4 billion USD and has become worse as we stand in 2020, in just a period of 2 years (Ofstad & Tjønneland, 2019). In May 2020, the Tanzania-Zambia borders were closed due to the pandemic, however, the reopening of trade between the two countries seems to be normalized as nations are now gung-ho in pushing cross border trade. Zambia’s Economic Snapshot source: tradingeconomics.com The graph above shows Zambia’s development from the year 1990…

On October 1st, the re-opening of the Zimbabwe border will enable cross-border trade between the majority of Zimbabwe’s SME’s, enabling access to goods from South Africa.    Faced with the drastic impact of Covid-19, Zimbabwe is finally re-emerging from a state of complete lockdown.   Only recently, Zimbabwean authorities have started reopening the economy in stages, as the country grapples to create economic momentum. A day after the Zimbabwe recorded a rise in COVID-19 recoveries on the 15th of September 2020, the Information Minister Monica Mutsvangwa announced a raft of relaxation protocols. Business operating hours where extended to 18:30 pm up from 16:30 pm, the national imposed curfew was reduced from 6pm -6am to…

Zimbabwe has over the years made headlines for many reasons politically and economically. The country has undergone severe hyperinflation, dollarization, de-dollarization, and recently pseudo re-dollarization. The capital markets have not been spared by this financial rollercoaster as evidenced by the little financial capital raised on the Zimbabwe Stock Exchange. Plans are at advanced stages for a new bourse to be based in Victoria Falls.  Understanding Zimbabwe’s Currency Matters and its impact on stocks  At the height of Zimbabwe’s economic crises, ordinary citizens became poor trillionaires and many corporates shut down or halted operations as they failed to cope with the situation. In 2009 the introduction…

The African art market has been on an exponential upward growth trajectory prior to the Covid-19 pandemic, but most recently is teetering on the brink of a precipice, thrusting many artists in a conundrum; the status quo, only to be likened to painting a hollow canvas. According to the Clare McAndrew’s report, ‘The Art Market 2020’,90% of art dealers had projected an increase in sales, heading into 2020, but the global pandemic has been diminishing this optimism and momentum. The latest Art Basel and UBS Global Art Market Report, indicates that global art sales achieved a total of $64.1 billion in 2019, 5% decrease from the 67.4 billion of 2018.   The African art scene has long remained unseen, but the last five years have been…

The role played by education in addressing some of the challenges faced on the African continent cannot be underplayed. Not only does a good education have the capacity to improve individual livelihoods but also economic progression at a macro level.   The majority of the continent grapples with similar challenges including, poverty, exclusion, wars, HIV/AIDS, poor infrastructure among others. It stands to reason that there is a critical need for investing in Africa’s education to begin to make strides in addressing some of these issues.   While education can be considered a social service and therefore a government-related key result area, there is scope…