Category: AFRICA

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…

Africa Women Innovation and Entrepreneurship Forum (AWIEF) Announces Finalists for 2023 AWIEF Awards

CAPE TOWN, South Africa, September 20, 2023/ — The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (https://www.AWIEForum.org) is delighted to announce the finalists for its 2023 AWIEF Awards. Launched in 2017, the prestigious annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive economic growth and social development. An international and independent Panel of Judges selected the twenty-four (24) finalists across eight (8) categories. These outstanding women founders and…

About Construction of the Tamale-Yendi-Zabzugu-Tatale Highway

……As Eastern Corridor Road Stakeholders Meeting ends in Yendi  Mohammed A. Abu A stakeholders meeting of the construction of the Tamale-Zabzugu-Tatale road project has successfully ended in Yendi, the seat of Dagbon Kingship in the Northern Region of the West African nation of Ghana. A Ghana Ministry of Roads and Highways project-level grievance mechanism to address emerging grievances and complaints of dwellers of the affected communities in the project catchment area and a collective resolve by all parties with interest in the project, to keep their eyes on the project…

Energy Investment Village 2023 Finalists Announced

JOHANNESBURG, South Africa, September 15, 2023/ — Africa’s boldest and most ambitious cleantech start-ups will take part in the Energy Investment Village (https://apo-opa.info/468SsAw), an exciting deal-pitching event at the Green Energy Africa Summit (https://GreenEnergyAfricaSummit.com), to be held in the heart of South Africa’s Cape Town on 10-11 October at the CTICC2. Held under the theme, “Unlocking Africa’s Sustainable Energy Potential,” the Green Energy Africa Summit (GEAS) will provide unrivalled opportunities throughout its two-day programme for the continent’s leaders in energy, finance, and social development, to meet with international investors, to…

President Ramkalawan attends official opening of G77 and China Summit in Cuba

16 September 2023 | Foreign Affairs Havana, Cuba 15 September 2023: The President of the Republic of Seychelles, Mr Wavel Ramkalawan joined fellow leaders of the Group 77 and China Summit of Heads of State and Government currently taking place in Havana Cuba. The two-day summit is taking place under the- guided theme “Current Development Challenges: The Role of Science, Technology and Innovation. ” The official opening ceremony was held on Friday morning (15th September), where President Ramkalawan was formally welcomed at the International Conference venue by the President of…

EDITORIAL COMMENT

To issue international sovereign bonds, financial markets require countries to have a credit rating from at least one or more of the three leading international credit rating agencies (CRAs) namely, Fitch, Moody’s and Standard & Poor’s (S&P). This constitutes a minimum requirement for capital market borrowing by market regulators, as adherence to international best practices of information disclosure and to reach out to a wider base of potential investors. The Financial and economic cost implications for Africa emanating from subjective credit ratings by international rating agencies(CRAs) has since left some…

African Union plans to launch its own credit ratings agency

FINANCIAL SERVICES African Union plans to launch its own credit ratings agency Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya Reuters Images The agency, which would craft its own assessment of the risks in lending to African countries Libby George, Reuters News September 12, 2023 ECONOMYAFRICAFINANCIAL SERVICES The African Union plans to launch a new African credit rating agency next year to address the group’s concerns that ratings given to countries on the continent…