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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 …
For the last 8 years, member states that make up the East African Community have not met their annual commitments to the regional body fully. The closest they came to fully meet these commitments was in the financial year 2011/12, and were at their lowest at 70% for FY2019/20.
This has led to the EAC to push for its organs to reduce their budgets to adjust to this reality which has included reducing the number of activities and missions abroad. These efforts to reduce the expenses by the community were acknowledged last month by the African Development Bank, which ranked the EAC as the most performing regional community in Africa.
For example, documents availed to The Exchange by sources within the community show that the travel expenses which were at USD 17.7 million during FY2013/14 were reduced to USD 12.05 million during FY2017/18.
However, according to sources within the community, …
Close to three million Kenyans are at risk of facing starvation as the impact of Covid-19 and locust invasion on food security escalates. According to the latest report from World Bank, despite the government’s efforts to mitigate the impact of corona virus on food security, millions are at risk.
The Report says food security in Kenya is facing twin shocks from restrictions in place due to the Covid-19 crisis and the earlier locust attack, contributing to a spike in food prices.
“While Kenya’s cereal producing counties were spared the first-round of the locust invasion, there is high probability that the second-round towards mid-year could impact major food growing areas. The government is implementing a number of measures to mitigate the impact of the corona virus on food security and food prices,” the report states.
Kenya relies heavily on maize, wheat, rice and Irish potatoes for food. It is estimated that …
East Africa(EA) business community will address issues on harmonising airspace among others during the East African Business and Investment summit taking place in Arusha, Tanzania from 28 to 29 November.
Denis Karera, the Vice Chairman of the Council said that the summit seeks to address the most pressing issues challenging business in the region, especially cross border trade.
“Non-tariff barriers impede cross border trade. One of the key things we want to raise, again, is the domestication of airspace so that our airlines can move easily and quickly and tickets can become cheaper as well,” he said as he addressed the press.
He added that flight ticket prices are driven by none harmonized and heavy duties imposed on airlines landing at different African airports. He said that flight tickets are expensive because all the east African countries charge taxes among other handling services for every landing.
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Uganda’s use of innovation to solve social challenges drive its development and creates new employment opportunities, Dr. Ruhakana Ruganda, Prime Minister of Uganda, said during the Global Business Forum Africa, GBF Africa 2019, in Dubai.
Speaking during an opening session, Dr. Ruganda discussed on how Uganda is fostering innovation and technology to unlock its economic potential.
He gave an example of mobile technology being used to register and track valuable data, improve access to education and address existing issues.
“These efforts in innovation taking place in Uganda – especially by the younger generation – are also being replicated in similar settings in a number of African counties in East Africa, Southern Africa, West Africa and North Africa,” Dr Ruganda said.
While discussing Uganda’s need to create 600,000 jobs every year for the next 10 and Uganda’s new programme set to embrace the Fourth Industrial Revolution, Dr
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