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The new BRICS expansion could lead to a decline in global SWIFT transactions that can inadvertently affect the US dollar. The 9-member BRICS alliance is looking to end cross-border settlements with SWIFT using the US dollar and aims to pay in local currencies. The development adds pressure on the SWIFT payment system leading to a … Read More “BRICS Expansion a Threat To SWIFT Payment System & US Dollar” »

Business

Isaac Sesi holding the GrainMate moisture meter in Accra, Ghana. Photo by: Richard Akakpo By Sefakor Fekpe, bird story agency Sesi Technologies, an agricultural technology firm, focuses on creating cost-effective, technology-driven solutions for farmers. The company’s flagship product, the GrainMate, is a grain moisture meter designed to help those handling grains effortlessly gauge the moisture … Read More “Entrepreneur seeks to boost agribusiness sector with technology” »

Finance

Asian shares declined on Friday, as optimism over China’s rescue measures faded and investors parsed weak results from Intel Corp. Shares in mainland China and Hong Kong dropped after the biggest three-day rally since 2022. Morgan Stanley cut its targets for major Chinese stock indexes, saying the country’s challenges with debt, demographics and deflation are … Read More “Asian stocks fall after six-day streak of gains: Markets wrap” »

Finance

Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here)   Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “EAIF secures access to significant additional debt financing” »

Business

“Makueni County Is The Tree Planting Champion” Says Dr. Sonia Nzilani “Makueni County Is The Tree Planting Champion” Says Dr. Sonia Nzilani Speaking during the launch of regreening Kenya a project that seeks to counter the impacts of climate change and improve the resilience and adaptability of women and children, Makueni County Lands urban planning … Read More ““Makueni County Is The Tree Planting Champion” Says Dr. Sonia Nzilani” »

Business

U.S. trade with sub-Saharan Africa has plateaued in recent years, prompting analysts to question the effectiveness of a preferential trade program for the region. WRITTEN BY Claire Klobucista and Mariel Ferragamo Launched in 2000, AGOA is a landmark preferential trade program that allows countries in sub-Saharan Africa to export products to the United States tariff free. Many experts say … Read More “AGOA: The U.S.-Africa Trade Program” »

Business

Africa’s biggest football festival – the men’s Africa Cup of Nations (AFCON) – is happening in Côte d’Ivoire in West Africa. People from across the continent are following the tournament closely, sitting close to their televisions and talking about it on social media. Everything seems set: the host nation spent over $1 billion to build … Read More “Why are AFCON seats empty?” »

Finance

Exporters in South Africa and other countries in the region are increasingly avoiding South Africa’s dismal rail and harbour logistics in favour of alternative routes to ensure their products reach markets timeously and efficiently, according to experts. On 2 January the first copper from the Kamoa-Kakula copper fields in the Democratic Republic of Congo (DRC) … Read More “Logistics crisis: Neighbours eat SA’s lunch” »

Business

By CHRIS ERASMUS South Africa’s ruling African National Congress (ANC) made good on its decades of harsh criticism of Israel over its treatment of Palestinians with arguments to the International Court of Justice two weeks ago. But will it aid the party or become a shot in the foot politically? Other political groups, such as … Read More “Why South Africa’s ICJ case against Israel could test ANC popularity” »

Finance

Image Credit: ARM-Harith Infrastructure Investments To read this article, you must be a paid subscription member. (Current members login here)   Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, … Read More “ARM-Harith names Gbadegesin’s successor as CEO” »