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.

Fazebanks. www.theexchange.africa

Faze Bank is an American you tuber and one of the owners of the e-sport organization of faze clan,  known by his alias Faze bank, whose name is Richard Bengtson. He was born on the 18th of October, 1991, in Lawrence, Massachusetts.

He is also known for his short temper. Richard began his career in 2011 and created a channel named ‘bankshasbank’ his first video was ‘the single greatest soaring in style’ posted in 2011.

He joined the ‘Call of Duty gaming group faze clan in 2013 and changed his name to faze banks.  Faze bank is very passionate about vlogging and also serves as a producer, songwriter, and composer.

Read: Othman Benjelloun | Africa’s Billionaires | Net Worth | Personal Life

Preview

Full name-  Richard Bengtson
Source of wealth- You tubing
Age- 29
Birthplace- Lawrence
Height-  1.88M
Nationality-  American
Date of birth- October 18, 1991
Occupation- You tuber
Marital
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Kristen Anne Bell, born on July 18, 1980, is an American Actress. Her professional in acting began when she was attending the Tisch School of the Arts in New York where she starred in stage productions.

Kristen went to Shrine Catholic School nearby Royal Oak where she took part in a music and drama club. Before moving to this school she went to Burton Elementary School and Norup Middle School (an exempt of Berkley School District).

Soon after her graduation, she moved to New York to study musical theatre.

Read: Othman Benjelloun | Africa’s Billionaires | Net Worth | Personal Life

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Full name: Kristen Anne Bell. 
Source of wealth: Actress.
Age: 41 years.
Birthplace:  Huntington Woods, Michigan, U.S.
Height: 1.55m.
Nationality: American.
Date of birth: 18 July 1980.
Occupation: Actress.
Marital status:  Married.

Kristen Bell Net Worth/ Achievements

 As of 2021, the estimated net worth of Kristen Bell is …

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Mathew Tyler Musto is an American musician, record producer, singer, and songwriter. He was born on November 27, 1990, in Daytona Beach, Florida, and later shifted to Palm Coast, Florida when he was a child.

He was attracted to music when he was in fourth grade through artists like Blink-182, Rancid, and more.

Mathew got introduced to bands like; Alkaline Trio and New Found Glory.

His music career started while in high school when he joined a rock band called Polaroid as a singer. It was a Florida –based rock band.

After leaving the band, Mathew started his solo journey of a music career when he went to Atlanta to work with Ne – Yo.

Read: Doja Cat Net Worth

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Full name: Mathew Tyler Musto. 
Source of wealth:  Singer, songwriter, record producer, and musician.
Age: 30years.
Birthplace: Daytona Beach, Florida, US.
Height:  5ft 11inch.
Nationality:  American.
Date
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  • Construction of a 368 KM stretch of standard gauge railway, estimated to cost $1.9 billion signed between Tanzania and Turkish business Yapi Merkezi.
  • Tanzania to allow more Turkish investors to invest in Tanzania aimed at developing national infrastructure. 
  • Tanzania SGR Construction will seek to expand trade relations with Uganda, Rwanda and the Democratic Republic of Congo

To connect Tanzania to Rwanda and Uganda, as well as Burundi and the Democratic Republic of Congo through these two countries, the Tanzania Standard Gauge Railway (SGR) is currently being built. The new Tanzania SGR is designed to replace the outdated, inefficient meter-gauge railway system and relieve traffic congestion. Freight expenses are also predicted to drop 40%. Up to 10,000 metric tonnes, or 500 tractor-trailer loads, are planned to be hauled by each freight train.

One of three parts of Tanzania’s 1,219-mile Yapi Merkezi rail line, which is expected to be completed by the …

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The Reserve Bank of Zimbabwe’s monetary policy committee (MPC) met in August and decided that bureaux de change should begin selling foreign currency to walk-in consumers.

Because of this, small-value currency transactions were made more accessible.

However, demand for this service, which offers substantial rates on foreign currency to the general public, is outstripping supply.…

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As of 2017, the trade initiative had created over 300,000 jobs in sub-Saharan Africa, many of which were in the apparel sector.
We recently carried out a Kenya country case study on the implementation of AGOA in the 2000 to 2016 period. We found that in this period, Kenya’s total exports to the US grew by US$443.2 million (or 405 per cent) from US$109.4 million to US$552.6 million. By 2020, the figure had risen to US$569 million, with most of the country’s exports coming from eligible products.
Looked at differently, in the nine years before the trade programme (1992 to 2000), Kenya’s average annual exports to the US were US$101 million. In the nine years after (2002 to 2010), average annual exports to the US rose to US$305 million. They rose further on average to US$557 million in the 2012 to 2020 period.…

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The World Bank released the country’s 18th Economic update in the first week of this month.

According to the institution, the change was majorly impacted by improvement in road and bridge building, the acquisition of additional aircraft for the continued revival of Uganda Airlines, and large classified investments.

Uganda has in the recent past heavily deployed and channelled its national cake towards improving its shambled infrastructure especially the road, railway, water and air transport systems.…

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The lack of facilities specialized to deal with cancer has led to patients flying in droves to foreign destinations to seek specialized treatment. Of these, India has hosted most of the Kenyans seeking cancer treatment.

In 2018, about 20,000 visa applications were received by the Indian High Commission from Kenyans seeking specialised cancer, health treatment, kidney transplants and surgeries in India. The numbers seem to be rising by the day.

This high number of visitors to India led to the Indian government working with the Kenyan government to set up a high-end facility at the Kenyatta National Hospital to be the premier facility for diagnostic, treatment and research on cancer.…

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Senior policy experts have advised Russia to make its Africa policy a derivative of the country’s overall foreign policy objectives taking into account the continent’s human capital and natural resources.

The ‘Situation Analytical Report’, as it is titled, was prepared by 25 policy experts, as part of a programme sponsored by the Russian Foreign Ministry. It was headed by Sergei A. Karaganov, Dean and Academic Supervisor of the Faculty of World Economy and International Relations of the National Research University’s Higher School of Economics (HSE University). Karaganov is also the Honorary Chairman of the Presidium of the Council on Foreign and Defence Policy.

With its about 1.3 billion people, Africa is a potential market for all kinds of consumable goods and for services. In the coming decades, there will be an accelerated competition between or among the external players over access to the resources and for economic influence in Africa.…

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Africa is a land of opportunity, and over the past few years, many young entrepreneurs and investors have become millionaires by starting businesses and investing in lucrative sectors. This year is no different, and there are several startup ideas in Africa that have the potential to make even more millionaires in the coming years.

In this article, we will share with you some of the top startup ideas that are making millionaires in Africa. These startup ideas include agribusiness, healthcare, tourism, and technology startups.

Mobile Payments and Fintech

Some of the top innovations in Africa include mobile payments, e-commerce, agribusiness, health care, and tourism. These businesses are thriving because of the continent’s growing economy and burgeoning middle class. In addition, they are benefiting from innovative technologies that are making it easier for people to do business across borders.

Mobile payments is one of the most exciting startup ideas in Africa …

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