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- South Africa Budget Disappoints Investors as Deficit Widens
- Kenya drops to 6th place in Africa trade barometer
- Tanzania’s bold move to boost cashew nut exports by 2027
- Chinese cities dominate global list of places occupied by billionaires
- Sudan tops up as Africa aims for $25 billion development fund
- Opportunities for youth: Tech firms Gebeya and NVIDIA to train 50,000 developers in Africa
- Shelter Afrique taps green bonds to raise funds for affordable housing in West Africa
- New digital wallet suite for Africa as Network joins forces with Ant
Africa
- Sudan has stepped forward, increasing its pledge to $3 million in the African Development Fund.
- Sudan’s pledge aligns it with other African nations, which have each committed to raise at least $1 million to the fund by 2025.
- With backing from The Gambia, Liberia, Sierra Leone, and Ghana, Africa’s commitment to funding its key projects is strengthening.
African nations are coming together to secure a $25 billion replenishment for the African Development Fund (ADF), an ambitious target that signals a continent-wide push toward self-driven financing for projects.
In the latest update, Sudan has stepped forward, increasing its pledge to $3 million in this collective movement. With backing from countries including The Gambia, Liberia, Sierra Leone, and Ghana, Africa’s commitment to funding its development projects is strengthening.
As governments, led by the African Development Bank (AfDB), advocate for this replenishment, they set a critical precedent for financial autonomy in achieving Africa’s …
- This initiative focuses on training developers to become certified in NVIDIA’s technologies, creating talent knowledgeable in AI, data science, and GPU processing.
- By nurturing a workforce skilled in AI and advanced tech, this alliance will drive innovation, entrepreneurship, and economic growth.
- Young developers will gain job opportunities and contribute to solutions in healthcare, finance, and agriculture.
Africa’s youth population, one of the fastest-growing in the world, presents both a challenge and an opportunity.
With millions of young Africans entering the job market each year, the continent faces a pressing need to generate work opportunities to check a worsening joblessness crisis.
However, in this era of digital transformation, the gig economy has emerged as a beacon of hope for Africa’s young workforce.
Two tech firms, Gebeya Inc. and NVIDIA, are rising to the occasion by launching an ambitious program to train 50,000 African developers, signaling strong intent to bridge …
- Shelter Afrique Development Bank (ShafDB) and the Bourse Régionale des Valeurs Mobilières (BRVM) will tap Green, Sustainability-linked, and Social (GSSS) bonds to finance housing.
- Green bonds will fund eco-friendly housing projects while social bonds will finance projects that prioritize affordability and accessibility.
- At the same time, sustainability-linked bonds will support both objectives, ensuring a comprehensive strategy for tackling the current housing crisis.
Shelter Afrique Development Bank (ShafDB) has taken a new step toward addressing affordable housing needs in Africa through a partnership with the Bourse Régionale des Valeurs Mobilières (BRVM), the regional stock exchange for the West African Economic and Monetary Union (WAEMU).
In a Memorandum of Understanding (MOU), the Pan-African institution focused on affordable housing, signed the deal on the sidelines of the IMF-World Bank Annual Meetings in Washington, D.C., aiming to mobilize capital for affordable housing projects across the continent, particularly in WAEMU’s eight member countries.
With Africa’s …
- Exclusive pre-congress workshop launched to elevate startups for the global stage
- This year’s startup competition has attracted entrants from 53 countries.
- With cash prizes amounting $60,000, the stakes are high for participants to showcase their innovations.
As the global business community looks forward to the AIM Congress 2024, an exclusive startup workshop has been announced to prepare tech entrepreneurs for the grand stage.
Scheduled for May 7-9, the AIM Congress is set to be a pivotal gathering for industry leaders, policymakers, investors, and innovative startups under the theme “Adapting to a shifting investment landscape: Harnessing new potential for global economic development.”
In preparation for this landmark event, AIM Startup, in partnership with Bloom, is organizing a preparatory workshop designed to hone the skills and strategies of promising tech entrepreneurs. The workshop, aimed at empowering participants to maximize their impact at the congress, is part of a broader initiative by …
- In 2024, diversification of your crypto portfolio remains a fundamental principle for managing risk and maximizing returns.
- Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers.
- A well-diversified crypto portfolio typically includes a mix of traditional and alternative assets such as stocks, crypto assets, real estate and cash.
Diversification in the crypto world is not just a smart move; it’s a necessity. As the digital currency market evolves rapidly, its risks multiply. Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers. Here’s a guide to crafting a well-balanced crypto portfolio in 2024.
Diversification in the Crypto World
In today’s dynamic financial environment, investing in cryptocurrencies offers enticing opportunities but also carries inherent risks. Diversification, a fundamental concept in risk management, plays a pivotal role in safeguarding investments against …
- A key component of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively.
- The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange.
- Solana, on the other hand, is a blockchain platform designed for decentralized applications and crypto-native projects.
Cryptocurrency investments have gained significant popularity in recent years, providing individuals with opportunities to grow their capital in the digital asset space. One of the key components of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively. In this blog, we will explore the concept of using exchanges to grow your capital, with a specific focus on the USDT/SOL exchange pair.
What is the USDT/SOL exchange pair?
The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (SOL) on a cryptocurrency exchange. Tether is a stablecoin pegged to the value of the US dollar, providing investors with a stable and reliable cryptocurrency …
- African Airlines revenues for January 2024 were $ 1.83 billion compared to $1.56 billion in November 2023
- Available seats per kilometre (ASKs) also exceeded the level of March 2019 by 7.7 per cent.
- Open skies will boost intra-African connectivity and drive down airfares.
Investments among the continent’s carriers have begun to pay off as African Airlines Revenues and seat numbers hit a record high, a new report by African Airline Association (AFRAA) has shown.
The number of airline seats offered in the region has increased by 12.6 per cent to 16.1 million in March 2024, thanks to new routes and flight frequencies.
For the first time in four years, the industry surpassed pre-COVID-19 monthly figures of 14.3 million, recorded in March 2019.
The year 2024 is shaping up to be a significant year of recovery for the aviation industry. Airlines have regained their pre-Covid levels of capacity and traffic and …
- Kenyan doctors have rejected a $18.3 million (KES2.4 billion) offer to return to work.
- The top demands of over 7,000 medics include immediate hiring of trainee doctors, adequate medical insurance coverage for doctors and their dependents, and fixing delays in pay.
- The labour boycott also calls for paying doctors working in public hospitals as part of their higher degree courses.
In a move that further throws Kenya’s healthcare system into a spin, public hospital doctors under the Kenya Medical Practitioners, Pharmacists, and Dentists Union (KPMDU) lobby have rejected a $18.3 million (KES2.4 billion) offer to leave the streets and go back to work.
The latest twist underlines the deepening rift between healthcare professionals and Kenyan officials amid a strike that has now stretched into its third week since March 15.
Representing over 7,000 members, KMPDU initiated the strike to address several critical issues, including the demand for the payment of …
- Across Ghana and Ivory Coast, climate change, illegal mining, cocoa industry woes, and a devastating disease known as swollen shoot have conspired to end West Africa’s cocoa supremacy.
- In Ivory Coast, 30% of cocoa plantations are infected by swollen shoot disease. Upto 600,000 hectares under Cocoa in Ghana are infected, too.
- The crisis in West Africa is offering opportunity to Ecuador, Brazil and Peru to become global cocoa production titans.
A double whammy of a devastating disease coupled with unchecked gold mining activities has set up a storm that is fast threatening to kill West Africa’s Cocoa supremacy.
For decades, Ghana and the Ivory Coast have held the mantle of titans in the cocoa world, jointly supplying over 60 per cent of the beans’ global demand. However, this year’s poor harvest as noted by an exclusive piece by Reuters, could spark a seismic shift in the cocoa production industry, …
