Buckle up, Kenya! The East African nation is about to take a giant leap forward in the tech world thanks to a groundbreaking new partnership. Microsoft, the global software giant, is joining forces with G42, a leading artificial intelligence (AI) company from the United Arab Emirates, to invest a cool $1 billion in a brand […]
Ethiopia, the land of ancient empires and breathtaking landscapes, is experiencing a remarkable economic transformation. The nation, once synonymous with hardship, is now a rising star in Africa, boasting a projected growth rate of a staggering 7.9% for the current fiscal year. This surge in economic activity signifies a country firing on all cylinders, with […]
Ghana is poised for a paradigm shift in its energy industry. A fierce competition has emerged between five global leaders in nuclear technology vying to construct the nation’s first-ever nuclear power plant. This development has the potential to not only illuminate Ghana but also serve as a catalyst for broader energy independence across Africa. The […]
Kenya has secured a vital funding commitment from China’s Exim Bank to extend its high-speed railway line from Naivasha towards Uganda, marking a significant step forward in a project that has the potential to reshape trade and economic ties across the region. This renewed collaboration between Kenya and China, along with commitments from Uganda, Rwanda, […]
Africa on the Verge of a Green Gold Rush: Sub-Saharan Africa sits on a geological jackpot – a vast storehouse of critical minerals vital for the clean energy revolution. From electric vehicles to solar panels, demand for these minerals is skyrocketing. The International Energy Agency predicts a tenfold increase in lithium demand alone by 2050! […]
Cote d’Ivoire, a major player in West Africa’s agricultural sector, is poised to launch a new commodities exchange later this year. This initiative aims to establish a centralized marketplace for key agricultural products, encouraging transparency and efficiency within the region’s farming sector. Located in Abidjan, Cote d’Ivoire’s commercial hub, the exchange will initially focus on […]
A wave of cautious optimism rippled through South Africa’s business community in April. The specter of rolling blackouts, a persistent thorn in the side of the private sector for months, seemed to recede for a blessed moment. The Purchasing Managers’ Index (PMI) echoed this newfound hope, climbing to its highest point since February. It wasn’t […]
The South African rand turned into a celebration machine on Thursday! The U.S. Federal Reserve, as anticipated, decided to hold off on raising interest rates. But while they were pouring the economic punch, they also warned that inflation is still a party crasher waiting to happen. This mixed message was enough to give the rand […]
Hopeful Zimbabweans ditch the hyper-inflated Zimdollar for a brand new gold-backed savior: the ZiG! Launched this week, the ZiG promises to be an economic phoenix rising from the ashes of the old currency’s disastrous decline. Unlike its predecessor that lost over 70% against the US dollar, the ZiG boasts a strong foundation – a basket […]
A sense of unease hung heavy in the air at the recent World Economic Forum (WEF) meeting in Riyadh. President Borge Brende painted a concerning picture of the global economy’s future. His stark message: buckle up for a potentially long stretch of sluggish growth unless world leaders take decisive action. Brende outlined a series of […]
