Year: 2023

Unlocking the full Potential of the African Baobab

By: Mohammed A. Abu Professor Kenneth Fafa Egbadzor,the Lead Researcher of the Domestication of the African Baobab Project at the Ho Technical University(HTU) in Ghana’s Volta Region,who is also, a plant breeding expert, has noted that even though, research has established that there are over 300 different uses of Baobab but yet, the plant is undomesticated and underutilized. The African baobab he said, also referred to as, “the wooden elephant” is also included among those crops referred to as orphan, meaning that they do not receive research attention. Ghana, Africa…

About Proportionality as Principles Expands in Banking

About Proportionality as Principles Expands in Banking CIBAFI Offers Basel Committee some Insights By: Mohammed A. Abu The Manama, Kingdom of Bahrain based General Council for Islamic Financial Institutions(CIBAFI) has formally Submitted Comments to the Switzerland based Basel Committee on Banking Supervision (BCB regarding its Consultative Document on “Revisions to the Core principles for effective banking supervision (“Core Principles”) an official statement disclosed in Manama, Thursday. CIBAFI noted according to the Press Release, that even though the updated “Introduction to Core Principles” improves comprehension of proportionality, banks still however, express…

Harnessing the Combined Talents of Africa and the Caribbean for a Brighter Future

From December 1 & 2, 2023, the leading London-based Business consulting and investment Firm, Wealth Masters Group, is conveying African and Caribbean Private sector to discuss Business and Investment opportunities among themselves during a 2-day virtual event Going under the theme “find your purpose, potential, business niche and key strategies needed as African/Caribbean from topnotch entrepreneurs and business owners”,the overall idea behind this virtual summit is to build bridges of understanding and fostering meaningful partnerships, that can harness the immense potential of the combined talents of the two regions, resources,…

Africa Business Heroes Spotlight

INVESTIV-AFRIQUE PHYTO PLUS  Join Hands By: Mohammed A. Abu INVESTIV, a pioneer and leader in drone technology in West Africa, recently raised $800,000 (approx. 500 million XOF) from UK impact fund AGDEVCO and RAJ GROUP Holding to set up precision agriculture service centers for rural populations. One of the company’s main challenges is to make its technologies available to small and medium-sized farmers for the production of food crops and perennial crops. To meet this challenge, INVESTIV, in partnership with AFRIQUE PHYTO PLUS, West Africa’s leading distributor of agricultural inputs,…

Ethiopian Delegation to AFSIC – Investing in Africa 2023

FSD Ethiopia is coordinating a delegation from Ethiopia to attend AFSIC 2023 and will be sponsoring the Ethiopian Investment Summit scheduled for Monday, 9th October 2023.  FSD Ethiopia is a development agency that aims to support the development of accessible, inclusive, and sustainable financial markets for economic growth with a vision to contribute to a thriving financial system that delivers real value to the broader economy and to the people of Ethiopia. The Ethiopian delegation includes the key financial sector actors, including the Ministry of Finance, Ethiopian Capital Market Authority,…

Navigating the Dynamic Landscape of the Global Online Trading Market

By Boriss Gubaidulin, Africa Director, Admirals  The global online trading market has witnessed a remarkable upswing, fuelled by technological advancements and the widespread accessibility of the internet. This surge in popularity and increase of the global market size to USD9.32bn in 2022 has been instrumental in democratising investment opportunities, enabling individuals from various corners of the world to partake in online trading. Based on a comprehensive analysis conducted by Grand View Research in 2020, the global online trading market showcased a valuation of approximately USD15.47 billion in 2019. Notably, this…

Pan-Africanism remains a dream: four key issues the African Union must tackle

First published: February 16, 2023 10.26am SAST By: The Conversation The African Union (AU) – made up of 55 member countries – has made significant progress with integrating the countries of the continent and giving them a voice in global politics. Over the past two decades it has developed meaningful policies on peace and security, and trade, like the African Continental Free Trade Area. The African Union Commission helps set the agenda and represent African interests in global forums alongside important partners like the United Nations and the European Union. But the AU still has a…

Property developer to issue Sh3bn Sukuk bond

By CHARLES MWANIKI More by this Author Kenya is set for its first Sukuk bond after the Capital Markets Authority (CMA) approved a Sh3 billion issuance by a firm looking to use the proceeds to develop institutional houses. The CMA said that it has granted Linzi Finco Trust the go-ahead to float the Shariah-compliant bond, but did not give a timeline of when the issuance is expected to hit the market. Kenya has over the years considered issuing Islamic bonds, otherwise known as Sukuk, to help finance its budget deficit,…

Opportunity through adversity: Eighth annual Africa Risk-Reward Index highlights the continent’s outlook amid growing geopolitical fragmentation

London, 19 September, 2023: Specialist risk consultancy, Control Risks (www.controlrisks.com), and its economics consulting partner, Oxford Economics Africa (https://www.oxfordeconomics.com/), announced the launch of the eighth edition of their Africa Risk-Reward Index today, themed ‘Opportunity through adversity’. The Africa Risk-Reward Index is an authoritative guide for policymakers, business leaders, and investors. The report details developments in the investment landscape in major African markets and delivers a grounded, longer-term outlook of key trends shaping investment in these economies. The eighth edition of the Africa Risk-Reward Index is released at a time of…