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.

how to trade forex in africa

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 regulations placed to minimize Forex trading risks. These rules and regulations are placed by the South African Financial Sector Conduct Authority (FSCA) which is formally known as Financial Services Board (FSB). FSCA is responsible for controlling all financial activities in the country. Through FSCA all the Forex brokers

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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 process thereby accelerating progress toward parity which could boost African economies by the equivalent of 10% of their collective GDP by 2025.  Due to the failure to embrace gender diversity, millions of girls, women, and Africa’s overall social and economic progress will not reach its full potential.

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GBF Dubai Media Office

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 of Mozambique’s National Bank of Investment and Development, Banco Nacional de Investimento (BNI). 

Dr. Matola, in your view, how can Dubai strengthen and promote its position as a gateway to the wider Middle East and the world for the private sector in Mozambique? 

Dubai

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Kenya's $1.5 Billion Eurobond

 

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 Monetary Fund (IMF) has pinpointed a total of 17 African countries, with outstanding Eurobonds as near or under debt distress. African governments have been borrowing through issuing Eurobonds which are international bonds supplied by a country in a foreign currency, commonly in US dollars and euros which allows them

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GBF Africa 2019 - The Exchange (www.theexchange.africa)

Global Business Forum Africa| 13 - 14 October 2021 | Expo 2020 DubaiThe 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 the Dubai Chamber of Commerce and Industry is operating. To build bridges with markets that bode mutual benefits and respective comparative advantages to enable greater trade and business opportunities.

Through events such as the Global Business Forum Africa 2021, the Dubai Chamber of Commerce and Industry is building the "Dubai-Africa

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sinking AM

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.

AtlasMaraThe 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 he used to buff his net worth. In the October 2016 court proceedings in London, Thakkar said he was worth only about US$540,000 claiming that he owned nothing in the Mara Group.

This pronouncement, unbeknown to him, made investors in the firm jittery which led the company on a downward …

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Best stocks to buy in kenya

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.
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In this blog, we will talk about some of the best stocks to buy in Kenya to put your money in. If you are searching for the best stocks to buy in Kenya, your search will end here.

 Here are the best

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Youth

Famine and drought are among the two key precursors to the devastating hunger crises that has ravaged many communities across Africa, signifying the scale and severity of food insecurity in the continent. Inarguably the Covid-19 pandemic has aggravated food security in the continent pertinently triggered by the economic fallout that has left no country unscathed. According to a recently released multi-agency report, ‘The State of Food Security and Nutrition in the World’, around a tenth of the global population an estimated 811million people were undernourished in 2020. 

Also Read: FAO says Kenya requires US$87mn to ensure food security

The report, jointly published by the Food and Agriculture Organization (FAO); the International Fund for Agricultural Development (IFAD); the United Nations Children’s Fund (UNICEF); the UN World Food Programme (WFP) and the World Health Organization (WHO); revealed that the sharpest rise in hunger was in Africa, where the estimated prevalence of undernourishment

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As the 2021 International Day of Democracy draws closer it is imperative to assess and review the state of democracy in Africa; to celebrate the achievement of significant milestones hitherto whilst charting new pathways towards the attainment and realization thereof, of liberal democracies in the continent. One of the key aspirations of Africa’s Agenda 2063: The Africa We Want, the African Union’s (AU) shared 50-year development and transformation program, for realizing the full potential of the continent is an Africa of good governance, democracy, respect for human rights, justice and the rule of Law. However, on the brink of an abyss, most democracies in Africa stand, beset by a plethora of challenges which begs the question if the concept of a government of, by, and for the people is truly working for the continent? In reiteration Goal 16 of the United Nations Sustainable Development Goals (SDGs) advocates for the promotion

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One of Africa’s biggest challenges is finding employment for the youngest continental population on earth. As we all know the devil makes work for idle hands and with the unemployed and under-employed youth of Africa making up more than 25% of the population, there are many idle hands. This stresses parents, politicians, policemen and philanthropists and as birth rates grow and life expectancy lengthens we don´t seem to have very many good answers to this problem.  

Also read:Burgeoning Sub-Saharan Africa Youth Population To Revolutionize its Economy Report

Yet a meaningful percentage of Africa’s young population is better educated than it has ever been and has a much better understanding of the global economy, trends, opportunities and technology than at any point in history. This small but significant percentage has been educated to degree level, is hungry for opportunity, fiercely ambitious and does not expect a handout from a Western

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