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…
ECA

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…
ECA

Implementation of AfCFTA

As a private Sector initiative started on 20th of January 2021 for the popularization of AfCFTA The Africa Business Council is inviting you to light the Africa Trade Torch for implementation of AfCFTA at the same time across our beloved…
ECA

Labour mobility as a key element of the AfCFTA: What role for the AU’s free movement protocol?

Connecting the free movement of goods and services and the free movement of persons is essential to harness the benefits of intra-African trade and economic integration. But while many African countries have ratified or signed the African…
Africa News

Ghana extends Domestic Debt Exchange deadline for 3rd time

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Ghana has for the third time extended the deadline of the debt exchange programme to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The extension is to allow the government to build consensus while they engage with stakeholders’…
ECA

10TH SUMMIT OF OACPS HEADS OF STATE AND GOVERNMENT LUANDA, ANGOLA

The Heads of State and Government of the Organisation of African, Caribbean and Pacific States (OACPS), will be meeting at their 10th Summit in Luanda, Angola, on 9 December 2022 under the theme: “3 Continents, 3 Oceans, 1 Common Destiny:…
All Africa

How ‘Fast Fashion’ Causes Environmental Havoc

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"Who are you wearing?" is the catchphrase at most red-carpet events. But how often do we take the time to consider the clothing industry's impact on sustainability and human rights? To answer that question, we need to ask: "Where does all…
ECA

SMEs key for Sudan’s ability to harness the AfCFTA

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The Economic Commission for Africa office for North Africa and the Sudanese ministry of Trade launched on 18 December in Khartoum a four day, joint workshop on Export Promotion and Access to Finance for the benefit of 50 Sudanese SME owners,…