Category: International Business & Finance
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Zimbabwe’s Vision 2030: Over 7,000 infrastructure projects completed, thousands of jobs created since 2017
According to Information Minister Dr. Jenfan Muswere, these infrastructure developments, which include roads, clinics, schools and dams such as the Muchekeranwa Dam in Chivhu, are in line with President Emmerson Mnangagwa’s Vision 2030, the country’s long-term strategy to become an empowered upper-middle-income society. This progress is also reflected in the National Development Strategy 1, which…
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AlJazeera: The New World Economic Order?
Economic integration and globalisation, the free flow of trade, with the United States at the helm: that is the economic order the world has known for decades. Today, the disintegration of the rules-based old world order is evident. Countries are becoming more inward-looking, regulatory fences have been erected, the World Trade Organization is in limbo,…
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Arab and African leaders join forces for development
The African Union (AU) and the Arab Bank for Economic Development in Africa (BADEA) have announced a new partnership to accelerate development across the continent. The Arab-Africa Financial Consortium (AAFC), launched during the 6th AU Mid-Year Coordination Meeting in Accra, Ghana, aims to unlock significant financial resources for Africa’s progress. “We face complex and multifaceted…
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CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump
CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump CNBC has discussed the idea of the U.S. potentially holding Bitcoin as a reserve currency, particularly under Donald Trump’s leadership. Trump, who previously called Bitcoin a “scam,” has recently softened his stance, noting its growing usage and substantial…
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AU unveils AI strategy to safeguard culture and boost development on the continent
The Executive Council of the African Union Commission approved an AI Strategy and Digital Compact for Africa during its 45th Ordinary Session in Accra, Ghana. The strategy aims to utilize AI to safeguard African identity, culture, and dignity, promote socio-economic development, and prevent unethical use. AU Commissioner for Infrastructure, Energy, and Digitization, Amani Abou-Zeid, told…
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Nigerian regulatory agency head accuses Dangote of threatening with monopoly over diesel import ban
Aliko Dangote, the wealthiest man in Africa, has requested that Nigeria suspend diesel and aviation fuel imports, Farouk Ahmed, the head of the Nigerian Midstream and Downstream Regulatory Agency told reporters. “That is not good for the nation in terms of energy security and that is not good for markets in terms of monopoly,” he…
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The UK has committed £84 million to Africa and the Middle East in an effort to curb illegal migration “at its source”
Prime Minister Keir Starmer also vowed that his government would “collaborate with European partners to exchange intelligence data and expertise, aiming to dismantle the smuggling networks.” “But to stop illegal migration, we must also tackle it at source. So today I’m announcing £84 million of new funding for projects across Africa and the Middle East.…
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Zimbabwe Farmers Struggle Against Illegal Mining and Climate Change
Small holder farmers in rural Gwanda, a region in Zimbabwe that borders South Africa, have been affected by a double shock – a combination of heat, droughts and floods caused by climate change, and water contamination and damaged land caused by illegal, small-scale mining. Droughts in Gwanda have significantly affected rural farmers and increased over…
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Chile to speed up construction of maximum security prison to fight organized crime
Chile will speed up construction of a new maximum security prison in the region that encompasses the capital city of Santiago to help fight organized crime, President Gabriel Boric announced on Thursday. The new facility will cost an estimated $95.4 million (90 billion Chilean pesos) and house around 500 maximum security inmates as part of…
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Seychelles, Africa’s second most developed country 🇸🇨
It has Africa’s highest minimum wage ($426 monthly), literacy rate (95.9%) and GDP per capita. It has Africa’s most powerful passport with easy access to 153 countries/territories. Free healthcare. 3.5% unemployment rate. Seychelles 🇸🇨 is the only African country classified as “high-income” by the world Bank. The world’s largest seed, the seed of the Lodoicea…
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