Browsing: United Kingdom

Queen Elizabeth II, Britain’s seven-decade figurehead and the longest-reigning monarch died aged 96. www.theexchange.africa

Queen Elizabeth II’s leadership of the Commonwealth for the past seven decades has remained admirable. She steered the institution’s evolution into a forum for effective multilateral engagement whose potential to drive tremendous socioeconomic progress remains incontestable and redounds to the Queen’s historic legacy.

Over the years, Britain’s interactions with its former colonies in Africa have grown to diplomacy, aid, trade and economic growth. The Queen has, over the years, remained highly revered and recognized as the head of the Commonwealth. The Queen has now rested. Her death breeds a wave of uncertainty about the future of the organization. The possibility of the status of the British monarch also disappearing becomes more visible. At this point, the rout of the British monarchy in Africa could be complete.…

The United Kingdom (UK) has played a key role in participating in commercial investments in Africa in major production areas with varying results.…

Subscribe to unlock this article

Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.

Digital Subscription – Monthly

Monthly renewing
You can cancel anytime.

$5 /Monthly

Digital Subscription – Annually

Monthly renewing
You can cancel anytime.

$40 /Annually

According to The Carnegie Endowment, "UK investors accounted for the second-largest FDI stock in Africa in 2019 with US$66 billion, with roughly 83 per cent concentrated in oil, gas, mining, and financial services." 

However, the connection between the two areas is important. After the UK's post-Brexit foreign and development policy, the relationship between the two was strengthened in 2020 during the UK Africa Investment Summit, thanks to the establishment of the UK's Foreign, Commonwealth, and Development Office.

At the Commonwealth Heads of Government Meeting (CHOGM) this year in Rwanda, common principles and plans for improving people's lives were reaffirmed. The most ideal goal to which almost every country in the region aspires is the economic prosperity of Africa.…

Subscribe to unlock this article

Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.

Digital Subscription – Monthly

Monthly

  • Chidi hopes that activism will eventually see European museums return all stolen artwork to Africa. However, he dreams of building a metaverse that comprises all the pieces Looty reclaims
  • The Looty project started operation in November 2021 but will officially launch its website on May 13. The upcoming website will only support the purchase of NFT art via cryptocurrency
  • Aside from Chidi, the project also involves two other Nigerians and a Somali, with each team member specializing in 3D design, NFT technology, or editing
  • The project has already created 25 NFTs, among them the famous “Benin Bronzes” in Nigeria that were looted 125 years ago

During the pre-colonial error in Africa, a wide range of valuable artefacts were taken away to the western countries. About 60 years later, Africans feel the need to get the artworks back to preserve their history. However, one Nigerian art firm called Looty has come

The UK-based investment company has built a market-leading research strategy to facilitate decisions involving property investment. The investor simply chooses what would be suitable for them; the company gives a step-by-step guide on choosing the right property to purchase in the United Kingdom. 

This strategy gives the investor the power and confidence to ask the right questions for profitable property investment in the country.

According to Mark Pearson, Baron & Cabot’s primary goal is to ensure the property investment process remains transparent and straightforward, even as the demand for property investment rises among African investors. …

There were more than 3,000 delegates that participated in the conference this year, boosting trade and investment ties between the continent and the UK.

The UK government is also mobilizing support from the United Kingdom Export Finance (UKEF) to boost exports to Africa. Prime minister Boris Johnson’s administration, provided support worth US$3.04 billion in 2021.

In West Africa, the support has been directed towards a range of significant infrastructural projects, construction of major roads, environmental and social work, medical services and technological equipment.…

When it comes to the forex market, failing to plan is planning to fail. The more strategies you master, the more likely you are to consistently profit.

The foreign exchange market is the largest financial market in the world, experiencing a daily trading volume of more than $ 6 trillion.

Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities.

The daily forex trading in South Africa is estimated to be around $19 million and the South African rand is …

Investors from the United Kingdom (UK) have been invited to tap into emerging business opportunities in Kenya on the promise that the East African nation remains one of the most attractive investment destinations in Africa.

President Uhuru Kenyatta who is in the European country made the invitation during a business forum hosted by UK Foreign Secretary Dominic Raab and the Lord Mayor of the City of London William Russell at Mansion House, the Lord Mayor’s official residence.…

Tourism and Hospitality management group, Rainbow Tourism Group (RTG) is upbeat of positive performance going forward offsetting the negative impacts of the Covid-19 pandemic in FY2020.

The Rainbow Tourism group which is located in Zimbabwe, has an extensive portfolio of owner-managed or leased hotels and conference facilities in Zimbabwe and Mozambique, as well as a tour operator company.

As countries implement Covid-19 vaccinations to its residents as part of efforts to limit the spread and severity of the pandemic, the group is hopeful of the economic recovery with anticipation healing on the travel and tourism sector across the globe.

“The tourism industry was adversely affected by the Covid-19 pandemic. While the current situation is likely to persist into early 2021, we remain confident that the tourism industry will in time rebound and set the hotel business on a path towards recovery.

“A glimmer of hope has come from the ongoing …

Kenya and the United Kingdom signed a new trade deal that guarantees duty-free access to the UK market for Kenyan exporters and vice versa.

The agreement will end the era of doing business through protocols of the European Union (EU)  from which London will be exiting by the end of December 2020.

The agreement was titled: The Economic Partnership Agreement between Kenya, a Member of the East African Community, of the one part and the United Kingdom of Great Britain and Northern Ireland, of the other part. It was signed by Kenya’s Trade and Industrialisation Cabinet Secretary, Betty Maina and UK’s International Trade Minister Ranil Jayawardena in London.

“I am delighted that today we have signed a trade agreement with Kenya. This deal makes sure businesses have the certainty they need to continue trading as they do now, supporting jobs and livelihoods in both our countries. Today’s agreement is also …