Browsing: Donald Trump

• Central banks across Africa weighing interest rates in the next three weeks are poised to lower them, cautious that the opportunity to ease further may dissipate after President Trump formally assumes office.
• The Trump presidency is anticipated to strengthen the dollar further, primarily due to his commitment to significantly raising tariffs on imported goods.
• A new wave of inflation, driven by the strengthening dollar from the Trump effect, would exacerbate the already high inflation rates in many African countries.

Donald Trump’s return to the Whitehouse sent the dollar surging against both G10 and emerging market currencies in a change that has potentially far-reaching macroeconomic repercussions for African nations.

As Trump’s victory became evident, the “Trump Trade” pushed 10-year Treasury yields up by 0.16 per cent to 4.44 per cent. Meanwhile, the dollar index, which measures the dollar’s performance against a basket of major currencies, saw its largest single-day increase since …

• Across the Atlantic, Africans also have a vested interest in the outcome of the US election.
• The latest polls show that the current vice president and Democratic nominee, Kamala Harris, has a slight, one-point lead, with Republican and former president Donald Trump a close second.
• The election outcome will have a number of implications for African economies, given that the US is one of the main trading partners.

On Tuesday, November 5, Americans will vote to elect the 47^th president of the United States of America. The latest polls show that the current vice president and Democratic nominee, Kamala Harris, has a slight, one-point lead, with Republican and former president Donald Trump a close second. This is a neck-and-neck race with no outcome, and the world waits to see who will lead the last global superpower from 2025 to 2029.

Across the Atlantic, Africans also have a vested …

Africa is suffering the worst from the effects of global warming. The continent is the least prepared to respond to adverse weather changes brought about by global warming.

The devastating effects range from unpredictable weather that is causing floods and famine across the continent. The economic impact for agriculture dependent Africa is huge. This is why Joe Biden’s win is very important for Africa.

Biden is clearly for action against global warming the least of which not been his outright statement that his administration will bring America back into the Paris Climate Deal. The Paris Agreement is a direct response to climate change in which countries from around the world have agreed to cut down their green house gas emissions to check global warming.

The US was part of the deal, that is until Donald Trump came into the picture and pulled the US out of the deal.

If Trump …

The visit by US Secretary of State Mike Pompeo to three African countries of Senegal, Angola, and Ethiopia is significant for the Trump administration not only as of the first trip the senior official has made to the continent, but a first for a senior official since the launch of the new strategy for Africa. The last time a senior official to visit sub-Sahara Africa was Pompeo’s predecessor, Rex Tillerson who lost his job while on a trip to Kenya.

Trump’s Africa Strategy was aimed at promoting prosperity, security, and stability in relations, and the business-friendly Prosper Africa which aims to substantially increase two-way trade and investment between the United States and Africa.

The leading issue will mainly be on security and counter-terrorism efforts mainly in the Sahel as well as the horn of Africa. Though Somalia has remained a point of discussion in terms of security, there is a …

The US government in Kenya is working to counter the growing influence of China locally and regionally by developing grassroots-based initiatives that will spur US business investments and address slow growth rates in rural areas.

The initiative is in line with a bigger agenda by the US government to instill dominance in key global locations mainly in Asia, Africa and Latin America where China has made significant inroads in socio-political and economic development.

The US ambassador to Kenya Kyle McCarter announced that his government through Prosper initiative that was announced by US President Donald Trump last year will work with 8 pilot counties dubbed ‘Prosper Counties’ to spur growth. These counties selected on the basis of high economic potential, effective governance practices, and a commitment in creating an enabling environment for business growth.

“We’re going to put forth projects that have meaning to Kenyans. Our shared goal is to pave …