- Trump’s tariff hammer falls on South Africa from August 1
- Trump’s 10% tariff decree threatens BRICS’ de-dollarisation ambitions
- IMF: How Nigeria Can Unleash its Economic Potential
- Trump hosts U.S.-Africa talks, focus on critical mineral deals
- Kabila Returns: A Catalyst for Peace or Ghost of Congo’s Past?
- Joseph Kabila: A second chance at nation-building?
- EU bets big on Africa’s critical raw materials to secure green future
- Fertiliser subsidy sparks agricultural boom in Tanzania’s heartlands
Business
- AFC’s SAI Report maps out continent’s financial muscle—and the urgency to deploy it in energy, rail, and industrial transformation.
- Installed power capacity per capita stagnated in Africa vs. doubling in India since 2008.
- Africa’s railway expansion is gaining speed with 7,000km of new track investments poised to double growth in the next decade.
- Africa’s rising supply of strategic resources such as iron ore requires a unified continental approach to integrate production, processing and demand centres for steel.
Africa is sitting on a financial goldmine of over $4 trillion in investable capital, yet the continent continues to grapple with underdeveloped infrastructure and industrial gaps. This paradox is at the heart of the newly released 2025 State of Africa’s Infrastructure (SAI) Report by the Africa Finance Corporation (AFC), which paints the most comprehensive picture yet of Africa’s untapped domestic investment potential.
The report uncovers $1.1 trillion in long-term institutional capital …
- DRC cobalt ban is steadily spiking prices for the critical mineral.
- DRC, Indonesia, Chile in talks to form a ‘critical minerals OPEC’.
- To counter the blow, US starts domestic refining.
The Democratic Republic of the Congo (DRC) has banned the export of cobalt in a move designed to push prices up. And, it is working: “There’s been a significant jump,” said Thomas Kavanagh, editor of battery metals at Argus Media, a market intelligence firm.
According to the market expert, after the export ban was instituted in February, “…the price of a key cobalt compound rose by more than 80 per cent. And it could be just the start,” he warns.
According to the expert, “the DRC’s export ban created immediate ripples throughout global commodity markets, triggering significant price volatility and prompting reassessment of supply chain stability for battery manufacturers and other end users.”
In his review, cobalt prices surged …
Expanding their reach and ensuring seamless integration across platforms present difficulties for many casino game developers. They require a trustworthy partner who can support dependable payment methods, quick setup, and smooth backend services. At DSTGAMING, we understand these needs since we have developed our platform around addressing them. Having more than 10 years of experience, we help game developers succeed with reliable software solutions. So, why should you choose DSTGAMING as your partner? Let’s explore the reasons and see how we can help you achieve your goals. Your journey to success starts here. Let’s get started!
Expand Reach Through a Global Aggregation Platform
The operations of the online casino extend beyond just game production. Your games have to be able to reach operators who can send them to the right players with zero friction if they are to succeed.
DSTGAMING connects developers with a worldwide operator network using a wide-reaching …
- Kenya’s $168Bn plundered development loans were taken over 11 year period between 2010 and 2021
- In one instance, the OAG raised an issue with the missing drawdowns for three loans from BELFIUS Bank and Unicredit totaling €29,510,462 (Sh4.1billion).
- The audit examined how 39 commercial loans valued at $168billiom (Sh1.36 trillion) during the time were used, and whether they were borrowed legally.
The Office of the Auditor General has opened a can of worms on the possible diversion of loans and plunder of funds disbursed to Kenya for development over the past 10 years.
A Special Audit by Auditor General Nancy Gathungu, on loans Kenya took between 2010 & 2021 shows that the country received $ 167.7 billion (Sh1.13 trillion) in the consolidated funds accounts however, the accountability of the funds is in question.
The revelations come at a time when President William Ruto has already gazetted the Presidential Taskforce on …
- Kenya’s second-hand clothes imports rose to Sh27.8 billion in the one year to March 2024.
- The second-hand clothes trade has thrived over the years and has since attracted traders from China, Kenya’s top source market, to set base in Gikomba
- The Mitumba Consortium Association of Kenya recently noted that the number of people venturing into the sector is increasing at a fast pace
The demand for second-hand clothes (mitumba) in the Kenya is on the rise, as more people, mostly from the informal sector, opt for the relatively low-cost commodity.
Picturing this is the latest quarterly data by the Kenya National Bureau of Statistics (KNBS), which shows the value of mitumba imports by traders rose to Sh27.8 billion in the one year to March 2024. This is from Sh20.9 billion in the previous year, representing a 33 per cent jump.
Higher quality and relatively lower prices for used attire …
- Kenya’s parastatal set for privatisation, the National Oil Corporation of Kenya could face closure if the government does not inject new funding or get investors fast.
- The Corporation’s strategic plan expired in 2020, and Management has yet to develop another strategic plan to cover the current period.
- The corporation’s latest audited results for June 2023 show that it is running on a negative working capital position with its current liabilities outstripping current assets.
National Oil Corporation will need to seek financial support, restructure its operations, or face bankruptcy after its debts exceed its assets by Sh9.1 billion ($70.96 million).
Kenya’s Auditor General Nancy Gathungu has warned that the firm is technically insolvent amidst the government’s push for a strategic investor to run the parastatal.
This means that the National Oil Corporation of Kenya could face closure if the government does not inject new funding or get investors fast.
The corporation’s …
- Treasury Bonds Auction for the month of July recorded only a 2 percent subscription rate
- The domestic bond market has faced challenges, despite the lower yields on Eurobonds
- This high yield reflects investor concerns about Kenya’s economic stability and fiscal health
Investors have shied away from government bonds as the treasury only managed to raise 2 per cent of the Sh20 billion it had targeted in its July tap sale.
This saw the government only get Sh487.5million as the investors instead preferring to pump funds into short-term Treasury bills on expectations that interest rates will soon go up in the country.
The bonds are instruments through which the government will use to borrow from the market.
The domestic bond market has faced challenges. Despite the lower yields on Eurobonds, yields on Kenyan government bonds remain high, with 10-year bonds yielding 17.759 per cent as of early July 2024.
This high …
- Kenyan Shilling to Reach Sh138 this month as effects of global rates and heavy rains come alive
- Additionally, the minor decline in the foreign exchange reserves between April and May signals interventions in the forex market by the CBK.
- The CBK is expected to leave rates unchanged at 13 per cent at its June meeting to support these dollar inflows and provide positive yields to investors.
Financial experts are now predicting that the Kenyan shilling will depreciate to Sh138 against the US dollar by the end of June 2024.
The analysist from pan African market insights firm Stears, say that the Kenyan shilling witnessed large swings in May, after appreciating 2.09 per cent between May 2 and 16. This saw the local currency resume a consistent depreciation to close the month at Sh133.37 against the dollar.
Stears notes that although the currency remained relatively unchanged compared to April, on average, …
- At the convergence of technology and marketing, social media platforms have become an imperative tool for businesses
- Recognising your target audience is the foundation of an effective social media strategy.
- Artificial intelligence (AI) has become increasingly imperative in the digital marketing landscape.
Social media marketing
Social media has transformed from a platform for personal connection into a relevant tool for businesses to engage with their audience, build brand awareness, and drive growth. The power of social media in business cannot be underestimated, as it offers a myriad of opportunities for organisations, brands and people to thrive in the competitive landscape.
At the convergence of technology and marketing, social media platforms have become an imperative tool for businesses and organisations to promote their brands and connect with their target audience. With the widespread adoption and ever-changing features, social media has a superior say on digital marketing strategies.
Furthermore, social media marketing …