Browsing: Doing business in africa

• African Union hosting eight events at the Expo 2020 Dubai
• The world sees Africa as the new frontier for business, trade and investment
• How the UAE is setting itself up as the launchpad for doing business in Africa

The African Union (AU) is hosting eight events at Expo 2020 Dubai. With one event each week, the AU hopes to highlight the continent’s investment opportunities and reshape the general world view of Africa, the least not being, science and technology development on the continent.

“From the onset, we set our sights on showcasing the incredible and continued opportunities that lie across the African continent,” remarked Dr. Levi Uche Madueke, the AU Expo Commissioner General.

“We are hitting the ground running.  Our Expo 2020 Dubai activities further advance the cause of fulfilling the aspirations of Agenda 2063,” he said reassuring all visitors of ‘a great show of marvel and awe.’

As part

Indeed, African governments are reaping a plethora of benefits from the inclusion by international financial markets to broaden the scope of their funding sources, swiftly abandoning foreign aid and traditional multilateral institutions.  

International financial markets have opened a window thereby providing a suitable platform for African governments to borrow, chiefly for capital spending through Eurobonds issuance. However, this opportunity has been watered down by overexploitation through excessive borrowing. Consequently, debt has been accumulating devoid of a meticulous assessment of risks posed and the consequences thereof, such as exchange rates and the real repayment costs for the piling debt.  

The International Monetary Fund (IMF) has pinpointed a total of 17 African countries, with outstanding Eurobonds as near or under debt distress. African governments have been borrowing through issuing Eurobonds which are international bonds supplied by a country in a foreign currency, commonly in US dollars and euros which allows them

As the 2021 International Day of Democracy draws closer it is imperative to assess and review the state of democracy in Africa; to celebrate the achievement of significant milestones hitherto whilst charting new pathways towards the attainment and realization thereof, of liberal democracies in the continent. One of the key aspirations of Africa’s Agenda 2063: The Africa We Want, the African Union’s (AU) shared 50-year development and transformation program, for realizing the full potential of the continent is an Africa of good governance, democracy, respect for human rights, justice and the rule of Law. However, on the brink of an abyss, most democracies in Africa stand, beset by a plethora of challenges which begs the question if the concept of a government of, by, and for the people is truly working for the continent? In reiteration Goal 16 of the United Nations Sustainable Development Goals (SDGs) advocates for the promotion

I am by nature an optimist. A long and challenging life has tempered that optimism with a large dose of realism but I am definitely a “glass half-full” kind of man. As a regular contributor to The Exchange I don’t really want to blame another contributor for tipping me over the edge into downright pessimism but, having read the excellent piece by Eric Kimunguyi entitled, “Europe taking on the world to lock out agriculture” I am not of good heart. In fact, I cannot remember a time when I have been less optimistic about the financial future of the world economy. 

The world financial system is even sicker than the world’s population. The Covid-19 pandemic is still having devastating effects on human health and wealth around the world – some 18 months after it first appeared. The world’s leading economies are broken and are still printing money to subsidise their

According to Brand Africa 100: Africa’s Best Brands 2020 survey, Africans prefer foreign brands over local ones. In 2011, the representation of African brands seemed very optimistic when they registered a 34% representation, but in 2020 it dropped to an all-time low of 13%. 

< p class="fade">This is a worrying statistic as it may indicate that Africa is failing to meet the needs of its growing consumer market, which was worth $1.4 trillion in 2020. The AfCFTA if properly implemented will create an even bigger continental free trade zone with a potential market of 1.7 billion people. …

A mineral-rich continent, with a fast-growing economic potential and a considerable population stands a chance to become a predominant global hub for trade and investment. Africa’s growth potential has been mainly driven by a significant surge in investment, as indicated by the African Development Bank. As opposed to consumption expenditure driving economic growth, industry players and governments have realised the long-term benefits of investment to the growth of African economies. A longevity approach to a sustained growth of the African continent as a whole is the thrust of Agenda 2063 of the African Union, propelled by the African Continental Free Trade Area (AfCFTA) agreement. …