Trending
- Tanzania’s Amsons Group grows footprint in East Africa’s cement industry
- Rwanda and Tanzania to pilot EAC’s low-cost, cross-border money transfer system
- Broken Promises by Wealthy Nations: Africa Needs to Finance its Energy Addition then Transition
- Africa’s bluetech financing: How investor education and tailored investments could unlock capital
- How Agtech, AI, and Fintech can transform Africa’s food systems
- Safaricom posts 52.1% jump in half-year net earnings to $331M, Ethiopia loss narrows
- African mergers and acquisitions set to rise in 2026 as licensing rounds open new opportunities
- AIM Congress China Chapter 2025 to be Held in Shanghai as Forum Expands Global Reach
East African Community
In Africa, copy trading is becoming more and more popular, even though investors have differing opinions about the potential and concerns involved. Because the effects of news and changes in the global economy are muted, synthetic indices can perform better. Inexperienced traders might make money while they are still learning by using the copy trading option. Selecting a broker for copy trading, however, might be challenging. We will examine some important factors to consider in this article while selecting a broker in Africa to copy trade synthetic indices.
Choices and Conditions for Trading Synthetic Indices
Two of the most important factors to consider when selecting a broker to copy trade synthetic indices in Africa are the trading choices for synthetic indices and the trading conditions. The reason for this is that not all brokers provide synthetic indices. Make sure this opportunity is offered by the broker you select such as …
- Kenya’s President William Ruto says the free movement was necessary for sustainable growth in the Horn of Africa.
- Dr Ruto calls on member states in the region to eliminate national boundaries that are chocking growth.
- EAC Secretary General Peter Mathuki notes EAC can address challenges in advancing movement of goods and labour.
Barriers to free movement of goods and people are chocking East Africa’s regional integration. To unlock the bloc’s trade potential, Kenya’s President William Ruto is calling in the East African Community (EAC) and the Intergovernmental Authority on Development (IGAD) to remove barriers to free movement. Dr Ruto urges that free movement of people, goods and services can significantly enhance East Africa’s regional integration.
The Kenyan President notes the free flow of goods and capital was necessary for sustainable growth across East Africa.
The President is now challenging regional member states to eliminate national boundaries that have since become …
- Limited infrastructure, lack of standardized regulations and high air transport costs are among the challenges affecting the air transport sector in the East African Community according to a new report by East Africa Business Council.
- According to the report, limited liberalization of air transport contributes to high flight ticket rates and visa restrictions limit the movement of non-residents into the EAC region.
- The report calls for an EAC single air transport services agreement in a bid to lower the cost of air transport within the region.
Air Transport costs in the East African Community are higher than those in Europe and other African countries according to a new report by East Africa Business Council.
According to the report, the ticket price per kilometre in the EAC region is more than twice the ticket price for destinations in Europe and other countries in Africa.
‘‘The average ticket price per km in …
Private sector players in the region have expressed optimism in making steps towards the recovery of Covid-19.
This follows a commitment by the East African Community Secretariat to prioritize strengthening public-private sector partnerships between the private sector in the region and the EAC Partner States governments, to jointly invest in vaccine manufacturing in the region.
The EAC Secretary-General, Dr Peter Mathuki said that there was a need for a coordinated approach in handling COVID-19 in the region and emphasized the need for local production of vaccines.
“EAC is working on strengthening partnerships between the private sector and EAC Partner States’ governments, to jointly establish an investment in vaccine manufacturing, to ensure the region can produce and avail vaccines to East Africans. Truck drivers transporting goods across the region should also be included among the priority groups who need to be vaccinated,” Dr Mathuki said.
Mathuki also noted that the EAC …
Small and Medium Enterprises in the region recognize the potential of working with public-private partnerships, and 63 percent of them think private sector initiatives and partnerships will benefit businesses and the markets in which they operate.
This has been revealed in a study conducted by Mastercard dubbed MEA SME Confidence Index.
The study also reveals that one in three SMEs or 32 percent think that collaborating with governments and businesses outside their markets could impact their growth. In Southern Africa this was especially pronounced, with over half at 56 percent agreeing.
The research also highlights the important role of government support in helping small and medium enterprises across the region to recover, position for growth, and contribute to economic prosperity.
As such, government support and implementation of effective policies has been highlighted as important by 88 percent of the region’s SMEs, 50 percent of which rated this point as a …
Business people in the East African Community are now set to benefit through prompt resolution and intervention of issues disrupting trade, following the launch of the EAC-EABC Technical Working group (TWG).
Based in Arusha Tanzania, the Technical Working Group launched by the East African Community (EAC) and East African Business Council (EABC) – the umbrella body bringing together private sector associations in East Africa- is tasked with receiving and synthesizing issues received from the private sector at various levels and advise on appropriate solutions.
A statement by the EAC-EABC has revealed that the team will be chaired by EAC Director General for Customs and Trade, Kenneth Bagamuhunda and co-chaired by EABC CEO John Bosco Kalisa. It will also entail members from the national apex private sector associations in the EAC region.
The team will be responsible for following up on challenges disrupting intra-EAC trade raised by businesses and support their …
EAC Partner States have begun the 2021/2022 financial year with a focus on economic recovery through industrialization and inclusive growth.
This comes at a time when the coronavirus pandemic has had adverse effects on economies across the region and worldwide.
Data by Deloitte indicates that the outbreak led to disruption in the various sectors, most notably the financial industry and the tourism and hospitality sectors.
Additional data by UNECA adds that the effect of the pandemic on growth in Eastern Africa has been heterogeneous. The organization added that the impact has been more severe for countries dependent on tourism.
Kenya’s Principal Secretary for EAC, Dr. Kevit Desai, said that the region was putting in place strategies to ensure economic recovery in all Partner States from the destructive effects of the COVID-19 pandemic.
“As a region, we have witnessed the devastation created within the economies of the Partner States, including the …
Kenya’s Capital Markets Authority (CMA) has announced a new deal that will help businesses in the private sector forge their way to recovery.
CMA has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyze growth in the sector.
The partners say the move is line with the Big 4 Agenda and Sustainable Development Goals.
Through the MoU, CMA and KEPSA say they will be seeking avenues for private and public sector finance and investment necessary to support Kenya’s economic growth and complement development funding gaps.
The two institutions will also seek to collaborate in the development of policy and regulatory interventions to create a conducive business environment that will support a robust, resilient, and inclusive financial sector through the growth of the capital markets.
The CMA Chief Executive, Wyckliffe Shamiah said the partnership is expected …
