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Investing
- Africa homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals.
- Mineral resources are a critical source of revenue for Africa.
- The interest in renewable energies in the mining industry arises from the escalating energy demand within the sector.
Mining in Africa faces ongoing challenges due to environmental degradation and social conflicts with local communities. Deforestation, land degradation, and air pollution are persistent issues linked to mining activities. However, effective prevention and mitigation measures can alleviate these impacts.
Africa’s mineral wealth is staggering. The continent homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals. The Democratic Republic of Congo (DRC), for instance, with …
- USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the changing performance of the pair over time.
- Traders in the country pay close attention to the pair’s performance and seek to take advantage of major short-term and long-term price fluctuations.
- For this reason, the use of technical indicators, and often a combination of a few indicators, can help traders more accurately gauge the direction of the price of the pair.
Forex trading has long been a popular method of accumulating and safeguarding wealth in South Africa. However, the underlying economic issues of the economy have adversely affected the performance of its currency, the South African rand (ZAR).
The USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the …
- Africa has traditionally been known to have vast untapped potential, and sports are no exception.
- Sports tourism has gained popularity, with tourists traveling to Africa to attend sporting events or participate in sports-related activities.
- Sports have become a booming investment sector in Africa accompanying the continent’s high-speed transformation.
Sports in Africa
Sports in Africa have immense positive socio-economic and cultural results on the communities in which they are embraced. From professionals to youth, sports impact many facets within a community through increased financial resources, camaraderie, and teaching fundamental life skills – such as working hard to achieve a goal, working within a team to better the collective group, and playing by the rules. In Africa, however, the role of sports in economic and social development has yet to be fully realised.
Africa has traditionally been known to have vast untapped potential, and sports are no exception. Sports can do much …
Business conditions in Kenya remained in a steep decline halfway through the final quarter of the year, according to the latest Purchasing Managers’ Index (PMI) by S&P Global.
This comes amid sizeable falls in output, new orders, and employment in November, as indicated by the PMI, which closely monitors market-moving economic indicators, covering more than 30 advanced and emerging economies worldwide.…
- Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million to expand into five new African markets to increase insurance penetration in markets characterized by low uptake.
- Company Founder and CEO Adelaide Odhiambo says the investment would be raised over the next three years.
- The insurer is partnering with Mobile Network Operators and banks to distribute affordable micro-insurance products, with plans to enter Uganda, Nigeria, Ethiopia, Malawi, DRC, Tanzania, Rwanda, and Zambia.
Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million as the firm seeks to expand into five new African markets, aiming to increase insurance penetration in regions characterized by low uptake. Adelaide Odhiambo, Founder and CEO of Bluewave Insurance Agency, stated that the investment would be raised over the next three years to support the expansion plans.
Bluewave Insurance Agency’s new target markets
The company has forged partnerships with large aggregators, specifically Mobile Network Operators …
- About 130 countries participated in IATF2023, which attracted 1,939 exhibitors and 28,282 participants who attended physically and through the IATF virtual platform.
- The sheer scale of IATF2023 reflects a shared commitment to fostering economic integration and development on the continent.
- The next edition of the IATF will be hosted in 2025 by Algeria.
The African Export-Import Bank (Afreximbank) has announced that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions valued at US$43.8 billion.
IATF2023 brought together representatives from 130 countries, fostering collaboration and partnership in diverse sectors. With 1,939 exhibitors and 28,282 participants attending physically and through the IATF virtual platform, the trade fair emerged as a pivotal platform for connecting businesses across borders.
In a comprehensive breakdown, the organisers revealed that the concluded deals spanned 21 sectors and involved 52 countries. This extensive …
- Kenya’s SBM Bank has announced its commitment towards increasing its ESG investment in the country.
- The commitment is aimed at providing sustainable financing for projects that will allow access to clean, reliable, and affordable energy.
- The move follows a partnership between the Bank and Safer Power in renewable energy in Lukenya that will connect Stoni Athi Resort to off-grid solar power.
ESG investments in East Africa’s most advanced economy are expected to increase as SBM Bank deepens its commitment in Kenya’s sustainability drive. The commitment to prioritise financing projects aligning with Environmental, Social and Governance (ESG) is aimed at providing sustainable investments that optimise in the use of clean, reliable, and affordable energy.
The announcement follows the partnership between the Bank and Safer Power in renewable energy in Lukenya that plans to connect Stoni Athi Resort to off-grid solar power.
“Our focus through this collaboration is to empower businesses within …
- An estimated 56 percent of global investors are preparing to increase their ESG investments in 2024 amidst escalating climate change challenges.
- This trend is occurring even as awareness among investors about ESG significantly increased in recent years.
- Currently, over 70,000 political and business leaders, diplomats, financiers, and activists are converging on Dubai to discuss ways to avoid environmental disaster due to climate change at COP28.
A new study from deVere Group, an independent financial advisory, asset management, and fintech organization, reveals that more than half of global investors plan to increase their Environmental, Social, and Corporate Governance (ESG)-oriented investments in 2024.
The study, which polled over 800 investors, shows that 56 per cent of global investors are gearing up to increase their ESG investments in 2024 amidst escalating climate change challenges.
These findings come as more than 70,000 political and business leaders, diplomats, financiers, and activists converge on Dubai …
- Under President Samia Suluhu Hassan, Tanzania has seen significant economic transformation, culminating in attracting over $1 billion in foreign direct investment.
- Tanzania’s consistent economic policies have played a key role in this achievement, fostering an environment conducive to growth and investment.
- However, this impressive FDI growth is juxtaposed against a decrease in the value of invested projects and Domestic Investment.
Under the astute leadership of President Samia Suluhu Hassan, Tanzania has witnessed a significant economic transformation, culminating in attracting over $1 billion in foreign direct investment. This remarkable achievement is the result of a series of strategic policies and reforms that have shaped Tanzania’s economic trajectory.
Tanzania’s journey from a command economy to a market economy has been pivotal in shaping its current economic structure. Since 1985, the country has embraced market-oriented policies, opening up its economy to global trade and investment.
Agriculture plays a critical role in …
