Tag Archive for: Africa

CNBC Africa

Mayor’s Private Sector Conference

,
https://www.youtube.com/watch?v=sYjwT8ErH3U
CNBC Africa

South Africa must priorities decarbonization, as $1.5bn of exports to EU are at risk

,
South Africa should priorities its decarbonization strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase…
IMF

Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF

,
Just when Africa’s economy appeared to be recovering from the COVID-19 pandemic, a range of internal and external shocks struck such as adverse weather conditions, and the Russian invasion of Ukraine – all of which worsened already rapidly…
Telecom paper

Safaricom cuts interim dividend for first time after profit drop

,
Safaricom has trimmed its interim dividend by Sh2.4 billion on the back of reduced earnings in the half-year period, marking the first cut since it started distributing profit to shareholders before the end of a financial year. The giant…
Bezirksregierung Dusseldorf

European Union seeks more trade deals with Kenya

,
The European Union has opened trade talks with Kenya to tap opportunities in agriculture, green energy, infrastructure, and technology. According to Martijn Boelen, EU trade counsellor and regional trade adviser, the forthcoming EU-Kenya…
ECA

Momentum builds for free movement under AfCFTA

,
Trade experts, business executives, and advocates of the African Continental Free Trade Area (AfCFTA) from across the continent have expressed concerns about the slow progress on the ratification of the Protocol on the movement of people. The…
Unsplash

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

,
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…
Devdiscourse

US Checkmates China in Africa by Bolstering Trade Ties

,
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

,
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…
African Business

Africa in 2023: Can the Continent Outrun Global Headwinds?

,
Some of Africa’s major economies will suffer from the ongoing impacts of the Russia-Ukraine war and food price inflation, but experts say that Senegal and Kenya offer cause for optimism. With Africa facing the impacts of the Russia-Ukraine…
CNBC Africa

German Companies Plan to Invest More In Africa in 2023

,
German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. The…