- The Far Property company to list more linked units on BSE
- Building Kenya’s tourism competitiveness in Africa
- Uganda Securities Exchange creates new window for SMEs’ capital mobilisation
- Indian Ocean safety stamp to boost Kenya imports savings
- Nigeria’s capital market positive US dollar returns in September
- South Africa’s manufacturing grew 2.9% in September
- Costs of farm inputs still a headache for Africa
- Beekeeping in Tanzania, adopting modern agriculture technologies
- Russia war on Ukraine worsening inflation in Europe
- US offers list of commitments to Asia in friend-shoring deal
- Africa needs to stand up to get a better friend-shoring deal
Balance of power is shifting globally, fueled by the corona pandemic and the Russia-Ukraine war, pre-existing trade wars between super powers China and US have only worsened; where does this shift of power and political rift leave Africa.
All the fighting is not good for business, unless of course your business is in military contracts. So many nations are, and understandably so, avoiding conflict regions and diverting their supply chains to friendly countries.
This shift in mode of doing business and the related trade channels has earned itself a title, pundits are calling it friend-shoring. It refers to a situation where friendly countries are forming trade alliances allowing for trade to take place along new routes and in so doing, reshaping …
Ethiopia is one of the largest countries in Africa
The US has a long diplomatic relation with Ethiopia dating 1903
Ethiopia is building a hydroelectric dam that will generate 5,000 megawatts of electricity
Ethiopia economy is one of Africa’s fastest-growing economies with a GDP projected to trend around US$ 112 billion, representing at least 0.10 per cent of the world economy. Thus, US-Ethiopia relations have presented rather effective diplomatic potential for one of the populous nation in the region.
The East African nation has made noteworthy and tremendous economic impr...
Russia’s invasion of Ukraine could impact relations between the United States (USA) and Africa as global economic and military powers compete for influence on the continent.
Pulling Africa into the West’s war with Russia
But, many African countries are staying neutral on the conflict which is not sitting well with the West.
Indeed, on March 18, 2022, the US ambassador to the UN, Linda Thomas-Greenfield, said that African countries cannot remain neutral in the Ukraine conflict.
She said that when the UN General Assembly voted to condemn Russia's invasion of Ukraine in early March, 1...
- KEPSA has signed a new MoU with the Corporate Council on Africa (CCA)
- The initiative will provide a unique platform to facilitate U.S. and Kenyan SME partnerships
- Its key goals include promoting SME-driven Kenya-U.S. trade and investment as envisioned by the U.S. Prosper Africa Build Together campaign
Small and medium-sized enterprises in Kenya and the United States stand to benefit, following the signing of a new trade initiative, between the Kenya Private Sector Alliance (KEPSA) and the Corporate Council on Africa (CCA).
In a statement, the Alliance said the agreement comes on the premise of a longstanding relationship between KEPSA and CCA focused on increasing Kenya-U.S. trade and investment.
“The two organizations have over the years collaborated to organize a range of meetings and events pulling in their respective members based on an initial MoU signed in 2012 and renewed in 2020,” the organization said.
At the same time, KEPSA …
A new dawn is unfolding in the Israel-Arab relations World as Sudan is but a few ink drops away from becoming the third Arab country to normalize ties with Israel this year alone.
International media, Associated Press confirmed that a senior Israeli delegation was in Sudan earlier this week. Backed with high profile U.S. diplomatic mission, the meeting is believed to have been the final touches to normalize ties between the age-long ‘rivals.’
The development comes in the backdrop of Sudan’s interim government signing a pact with the U.S. that has successfully removed the country from the U.S. list of
The deal washes off a considerable amount of stain from the otherwise tainted Israeli Prime Minister Benjamin Netanyahu on one hand and on the other bring favour to U.S. Donald Trump’s foreign policy as the country heads to the polls on November 3rd.
The Sudan – Israel pact …
Tik-Tok and We Chat Now Banned in the United States.
The US has banned the popular video challenge App Tik Tok along with the mobile payment platform WeChat, citing home security threats.
In a move that was widely unexpected, despite the mounting Sino-US trade tensions. Tik Tok is very popular in the US (and around the world) and wracks in millions in advertisements and fees.
As of tomorrow (Sunday 20th, 2020) We Chat will be shut down in the US but Tik Tok will have some leeway all the way to November. Should the supposed threat be neutralized before then, then the US will lift the ban, China has been informed.
Explaining the ban, Commerce Secretary Wilbur Ross said “The Chinese Communist Party has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the US.”
Home security threat …
The Black Lives Matter movement has brought the weight of social unrest upon almost all big economies around the world and in Africa, it has spark the Africa Lives Matter movement.
Protesters in the US, UK, France, Germany, Africa and elsewhere have caused huge economic impact during their protests and brought to light even larger economic inequalities that are bound to cause a major power shift in the years to come.
While the death of George Floyd in the hands of police wrought on the US political convulsion, it is the economic inequalities that have a lasting and profound effect. Issue...
The price for crude oil is down 60 percent since the year started and it is only tumbling further, global oil news reports.
On the one hand, analysts blame the ongoing coronavirus pandemic and on the other the price war between Saudi Arabia and Russia is said to have contributed to the sharp drop.
Even the movers and shakers are feeling the pinch, oil in the US plummeted 34%, crude oil falling by 26%, and brent oil falling 24%. Associated Press reports that prices this week dropped to an 18 year all time low of under USD20 a barrel for the US.
Speculators say it is the best time to invest, pessimists would have you shy away from taking the risk.
The idea is a simple business law, buy when prices are low and sell when prices peak, so technically, the advice to buy into the oil business now is …
Tanzania has set regional precedence by establishing an Atomic Energy Commission and gone ahead to start construction of a state of the art laboratory designed manage use of radioactive materials.
In Sub-Sahara Africa, the country is only second to South Africa in this frontier and has already begun the first phase of construction works. Valued at 2.5bn/- the first phase of the lab construction begun last year and is designed to meet global operation and calibration standards in atomic energy and nuclear.
It may come as a surprise to you as it did to me to learn of this rather unsettling...
The visit by US Secretary of State Mike Pompeo to three African countries of Senegal, Angola, and Ethiopia is significant for the Trump administration not only as of the first trip the senior official has made to the continent, but a first for a senior official since the launch of the new strategy for Africa. The last time a senior official to visit sub-Sahara Africa was Pompeo’s predecessor, Rex Tillerson who lost his job while on a trip to Kenya.
Trump’s Africa Strategy was aimed at promoting prosperity, security, and stability in relations, and the business-friendly Prosper Africa which aims to substantially increase two-way trade and investment between the United States and Africa.
The leading issue will mainly be on security and counter-terrorism efforts mainly in the Sahel as well as the horn of Africa. Though Somalia has remained a point of discussion in terms of security, there is a …