Business Daily

Mayor’s Private Sector Conference

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https://www.youtube.com/watch?v=sYjwT8ErH3U
Unsplash

U.S.’s Yellen tours Ford Assembling plant in Pretoria, hails Africa’s economic potential

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US Treasury secretary Janet Yellen toured Thursday (Jan. 26) a Ford Motor plant in the South African capital. The plant is one of two in the country. Earlier that day, she met the Finance Minister Enoch Godongwana. Yellen's stop to…
Business Daily

ECOWAS parliament speaker links dollars for regional trade to inflation, seeks adoption of common currency

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The Speaker of the Parliament of Economic Community of West African States (ECOWAS) Dr. Sidie Tunis has called for more political commitment towards the adoption of the ECOWAS common current, while blaming inflation in the region on the use…
Business Daily

Mystery Investor’s Purchase of Safaricom Shares Stops Plunge

A mid-week block purchase of Safaricom shares by an unknown local institutional investor has halted the slide in the telco’s shares that had hit a 69-month low, triggering bargain purchases. Nairobi Securities Exchange (NSE) data show…
The New Times

Local startups seek funding to tap into AfCFTA

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There is a need for funding and enhanced access to finance for young entrepreneurs with startups so as to increase both production and quality as a way of tapping into the African Continental Free Trade Area agreement (AfCFTA). Local…
Business Daily

IMF Projects Ethiopia, Angola Economies to Overtake Kenya

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Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia, weakening the East African country’s power to tap investors enticed with a population that has more cash to spend. Faster GDP growth…
All Africa

Nigeria: Largest Container Vessel Berths at Lekki Port Ahead of Commissioning

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Ahead of the commissioning of the Lekki Deep Seaport by President Muhammadu Buhari the largest container vessel has berthed at the port. On the official Twitter handle of the Nigerian Ports Authority (NPA), the authority announced the arrival…
Devdiscourse

US Checkmates China in Africa by Bolstering Trade Ties

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In order to counter China in Africa, which has made inroads with investments and trade, the US sought to expand its influence by bolstering trade ties in the continent, writes Arianna Skibell in Politico. Biden administration is planning…
The East African

African Blocs Discuss Challenges to Realizing Single Currency Territories

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Africa’s main regional economic blocs say monetary unions will raise the value of trade and shield them from fluctuating exchange rates and are pushing to establish single currency territories. Gathering in Nairobi under the African…
Business Daily

Rich Kenyans sit on Sh922bn in dollars as shilling weakens

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Wealthy Kenyans and firms had piled up a record Sh922 billion in dollars by last November as they sought to preserve the value of their bank deposits amid a depreciating shilling. This is after they accumulated an extra Sh119.24 billion…
Business Daily

South Africa’s President Cyril Ramaphosa cancels Davos trip

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South African President Cyril Ramaphosa has scrapped plans to attend the World Economic Forum (WEF) in Davos because of the energy crisis affecting the country, his spokesman said on Sunday. South Africa is experiencing record blackouts due…