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Browsing: Fabio Scala
The largest global free trade area by countries is poised to transform Africa’s economic prospects and it could not have come at a more interesting time.
For reasons I won’t get into in this article, the world has witnessed a tremendous rise in populism, protectionism and nationalism. Popular choices in key economies have shifted the status quo bringing into question well-established political and economic powerhouses. With the arrival of the pandemic, trust in governments across the world has diminished and weak leaders in developed economies have found theirselves exposed.
In my view, these elements ironically created a perfect storm for the launch of AfCFTA, the African Continental Free Trade Area. Global trade is going through deep changes either for fears of infection or due to concepts of self economic preservation in smaller developed countries. Border enforcement across the world is shifting on a daily basis and there’s a real …
Zimbabwe has one of the most diverse mining sectors I have ever come across. The country’s soil is rich in elements such as platinum, coal, iron ore, gold, diamonds and most recently the prospect of oil and gas.
Despite its complex economic challenges, mining, along with agriculture, has been a key pillar supporting the country’s GDP. The sector is responsible for around 60% of Zimbabwe’s export earnings and remains as one of the main sources for the much welcome foreign currency inflow.
FurtherAfrica spoke to the Hon. Winston Chitando, Zimbabwe’s Minister of Mines and Mining Development for an open conversation about Zimbabwe’s mining sector, its challenges, new prospects and raising opportunities. Min. Chitando has a remarkable record in his country’s mining industry spanning well over 3 decades. Previous to his appointment as Zimbabwe’s Minister of Mines and Mining Development, he has held several different positions in major companies such as …
BREXIT trade impacts in Southern Africa
If everything goes according to plan (and that’s a big statement), January 1st shall see the departure of the United Kingdom from the European Union, its single market and customs agreements.
As much as I would like to, it is becoming increasingly hard to believe that the parties will conclude a trade deal in time for the official divorce date. I am sceptical of a “hard” BREXIT as I believe that some sort of policy extension will remain in place for quite some time; anything else would be economic madness and given the current pandemic no politician would allow that to happen. (I know what you might be thinking but, luckily, that kind of stupid is currently reserved for leaders across the Atlantic).
The EU is South Africa’s largest trade partner while South Africa has long and in-depth trade relations with the United Kingdom. …
In recent history virtually every continent and economic block has been trying to establish common trade area agreements as well as political unions. Africa is no different –SADC, ECA, COMESA, ECOWAS and SACU are just some of the examples of African countries trying to collaborate to drive the many aspects of social and economic development.
It is a system and an idea that promises to accelerate inclusion and promote regional prosperity among neighbours and the AfCFTA (The African Continental Free Trade Area) is rapidly becoming the embodiment of that reality – 28 African countries operating as a free trade area. As expected from an agreement of this magnitude, few people fully understand its complexity and intricacies.
FurtherAfrica spoke to one of AfCFTA’s strongest advocates. Mark-Anthony Johnson, CEO of JIC Holdings – an investment, trading and acquisition entity focused in Africa and emerging economies with roots back to 1985. Mark’s JIC …
Mozambique is a country blessed with vast natural resources and abundant fertile lands – some of the key elements to ignite economic growth and social development that promises to change the good faith of the country.
Nevertheless, and despite the massive approved foreign investment related to natural gas rivalling its GDP, Mozambique will face strong challenges in order to secure a better future.
FurtherAfrica spoke to H.E. Adriano Maleiane, Mozambique’s Minister of Economy and Finance to better understand how the country intends to tackle these challenges using long-term strategies to ensure economic sustainability and a better future for its people.
Mr. Maleiane is no stranger to challenges, having served as Governor of Mozambique’s central bank for some 15 years and later overlooking the founding of the country’s national investment and development bank, an institution he served for nearly 5 years as chairman before he was appointed Minister of Economy and …
Any predictions regarding what economies are going to look like after this crisis, have to be taken at face value by the best buyer. In other words, I believe that any forecast carries a great deal of speculation, as we are sailing uncharted waters and the last few months have proven that, so to compare the current situation to any past crisis is not very efficient to say the least.
Nevertheless, speculation is what we have at hand, and much like everyone else locked up in quarantine, I have been observing the developments and formulating some theories. I’ve also had the privilege of speaking to some very insightful people as I moderated and shared my opinion in a number of webinars and other online platforms, particularly as to the key changes African economies may face in this new reality.
It goes without saying that with over 50 countries on the …
FurtherAfrica Insights – COVID19 series with Kenneth Njoroge from the Money Series Africa in Kenya.
A conversation about how the crisis is affecting one of the cornerstones of the Kenyan economy: Small and Medium companies. Kenneth gives his insights on how the government is handling the crisis and the opportunities arising as we prepare to come back to a new normal.…