Trucks loaded with goods had been waiting for weeks to cross the Côte d’Ivoire-Ghana borders at Elubo/Noe. © Franck Kuwonu/Africa Renewal
Africans urged to trade more with each other

African countries continue to trade more with the outside world than among themselves, according to findings of the UN Economic Commission for Africa (ECA) assessment report on progress made on regional integration in the context of the Covid-19 pandemic.

2 days ago

#AfricaMonth2021: May Africa prosper
#AfricaMonth2021: May Africa prosper

Now more than ever, in a post-Covid world, the dreams and visions of the founding fathers of the Organisation of African Unity, matter more than ever.

Issued by 2 days ago

Investing in Nigeria: Discipline is key
Investing in Nigeria: Discipline is key

The end of quarter one 2021 marks one year since markets bottomed following the Covid-19 global outbreak. Most major equity indices had fallen between 20% and 30% in US dollar terms, and the African markets were not spared the wrath. The mood was so dire back then that it required a strong degree of discipline to look through the noise and focus on the long-term picture.

By Rami Hajjar 3 days ago

MTN Nigeria issues 100 billion naira bond - CFO
MTN Nigeria issues 100 billion naira bond - CFO

ABUJA, Nigeria - MTN Nigeria has issued a 100 billion naira fixed rate bond in the first quarter of 2021, due in seven years, under a 200 billion naira bond programme to refinance existing debt and support network expansion.

By Chijioke Ohuocha 5 May 2021

African sovereign wealth funds double down on governance to power growth and prosperity
African sovereign wealth funds double down on governance to power growth and prosperity

A new study covering 11 African countries shows that most have a sovereign wealth fund or are in the process of establishing one, and are seeking to attract private capital from international investors to meet the continent's unique set of challenges: a shortage of domestic and international investment, a widespread lack of trust in institutions, and huge economic development needs.

28 Apr 2021

Bobby Madhav, FNB head of trade and structured trade and commodity finance
AfCFTA offers massive economic opportunities, but there is still much work to be done

The Africa Continental Free Trade Area (AfCFTA) agreement came into effect on the 1 January 2021. A total of 54 of Africa's 55 countries have agreed, in principle, to participate in the agreement, and 41 have submitted their tariff offers. However, to date, only 34 countries have officially signed it and four have ratified it. In principle, a total of 15 countries need to ratify the agreement in order to enable its full enforcement on the continent. If successfully implemented, this will be the largest free trade area agreement in the world.

By Bobby Madhav 22 Apr 2021

Credit: Tanda
Kenyan startup Tanda set for regional expansion after funding boost

Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor Havaic, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors.

12 Apr 2021

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