Browsing: African Union (AU)

Bolstered by the support of President William Ruto, Odinga outlines his vision for Africa—a continent united, resilient, and thriving. Kenya…

The latest Nairobi Securities Exchange monthly Barometer shows month-on-month growth comparing January this year and December last year, with prospects…

On the 1st of June 2023, African ministers for trade and industries adopted a protocol that prevents trading second-hand clothes across the continent under the preferences of the AfCFTA. This was during the high-level African Union – East African Community and the private sector forum, the second Ministerial Retreat of the Council of Ministers on the AfCFTA, held in Nairobi, Kenya, to assess the progress and address critical aspects of the agreement’s implementation.

With tightening monetary policies globally, many African economies are struggling with falling forex reserves. Low reserves have sent governments back…

The primary purpose of the OAU was to promote the unity and solidarity of newly independent African states. Agenda 2063…

Kenya’s Nairobi Securities Exchange posted drop in capitalization in April due to investor flight. Other poorly performing bourses were Uganda,…

Rwanda and Kenya who have already started trading through the agreement. Mid-February, Tanzania also said it was ready to trade…

They will closely collaborate in trade facilitation and financing in order to grow trade across the continent. The organizations are…

Until substantial reforms are implemented, and remittance flows channelled towards long-term economic prospects, the diaspora will continue to be a net negative for weak African economies. Africa cannot depend on exporting its brilliant people abroad to bring money home forever. Thus, governments must establish vibrant economies that appreciate the continent’s human capital and enable bright individuals to prosper.

Over the past decade Africa has been rife with infrastructure developments that hitherto continue to steadily transform the continent, spurring…