Staff

  • Trumponomics: Why African Countries Need To Trade More Among Themselves

    African countries need to trade more among themselves By Staff, 5:32 pm

    Over the last 20 years, Africa’s trade with emerging markets has grown rapidly. A slowdown in global trade could hurt demand for Africa’s export commodities. To counter this, African economies must boost intraregional trade. While unlikely to compensate for a global trade slowdown, this might mitigate some of its more negative effects. Faced with the threat of new disruptions to existing trade patterns, it’s important that African economies start trading more among themselves.

  • Opinion: A Robust Auto Industry Could Make Nigeria One Of Top 10 World Economies

    robust auto industry could make Nigeria By Staff, 5:36 pm

    Poor power supply is partly to blame for the Nigerian government’s inability to build a robust auto industry. That leaves vehicle imports as one of the only ways to meet local demand. Nigeria’s auto market is worth over $4 billion a year, but it does not translate into anything meaningful, a stakeholder said. Starting in 2015, stiff new tariffs were levied on new and used Nigerian vehicle imports. Imports fell more than 50 percent.

  • Opinion: Targeting Ivory Poachers With Drone Strikes Could Salvage Obama’s African Legacy

    Targeting ivory poachers with drone By Staff, 1:01 am

    Obama should instruct the U.S. State Department to designate ivory poachers for what they are: Terrorist financiers and facilitators of ISIS- and al-Qaeda-affiliated groups in sub-Saharan Africa. Make the life expectancy of poachers so short that no one will risk taking the job. And that requires a few well-placed military drone strikes on poaching camps from any number of our established drone bases in Djibouti, Niger, Kenya, Ethiopia, Somalia, South Sudan, Burkina Faso or the Seychelles.

  • Africans Are Capitalizing On China’s Growing Entertainment Market

    Africans Are Capitalizing On China's Growing Entertainment Market By Staff, 1:01 am

    African entertainers are increasingly aware of the potential of the growing Chinese market. Many African artists are benefiting from new Chinese policies targeted at African countries. The Shaolin temple in Central China is the inspiration for umpteen martial arts films. African students on Chinese scholarships learn wushu there and other Chinese martial arts from monks. Luc Bendza is arguably the most famous African martial arts star in China.

  • Abuja City Guide: Getting To Know Nigeria’s Capital

    By Staff, 8:31 am

    Much of the affection towards central Abuja has to do with its relative calm compared to Lagos. The infrastructure is better with most streets paved. Reliable power can be an issue but where there’s a dead stoplight there’s a traffic warden. There’s less concern about crime here with security high due to the many embassies and government buildings. Still you’ll find security walls around major hotels and random police checkpoints around the city after dark. But one feels safer walking down a random street in Abuja versus Lagos.

  • What Does The Trump Administration Mean For Power Africa?

    Trump Administration Mean For Power Africa By Staff, 6:29 pm

    The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.

  • Shopping Marrakech: Why It’s A Bit Like Las Vegas

    Shopping Marrakech By Staff, 8:57 am

    It’s an odd comparison, but it has some merit. Marrakech can seem a bit like Las Vegas. There’s the cloying heat the moment you step off the plane, the abundance of global mega-resort chains, and a rotating roster of world-class DJs touring colossal clubs in this glittering desert oasis. And just like Vegas, Marrakech is a shopper’s paradise. Its medinas and alleyways are crammed with hole-in-the-wall operations hawking everything from gossamer djellaba gowns and sumptuous carpets to vials of argan oil and delicate combs fashioned from camel bone.

  • East Africa’s Informal Sector Is Growing: Who’s Investing In It, And Why

    East Africa's informal sector By Staff, 6:12 pm

    Where there are challenges or deficits, business and investment opportunities often emerge in the informal sector. The East African informal sector contributes 30-40% of GDP. Operating off the grid (not paying taxes), informal-sector employers and employees run the risk of punishment, limited police protection, and lack of social support services. Consumers help keep the informal sector growing, and it’s not going away anytime soon. Formal companies are getting rich providing services to the millions of consumers who use informal services. Here are some of them.

  • Opinion: Perception Of Bitcoin As A New Safe Haven Should Persist In 2017 Thanks To Fed Rate Hike

    bitcoin as a new safe haven By Staff, 12:00 am

    Throughout 2016, the perception of bitcoin as a new safe haven persisted. People thought that if the U.S. Federal Reserve hiked interest rates, bitcoin’s perceived use as protection against economic uncertainty might be diminished. Its price might then fall. But despite the dollar’s 2016 gains and year-end rate hike, bitcoin still outpaced. When the U.S. dollar surges, currencies in emerging markets are devalued, increasing demand and the price of bitcoin, says investor Vinny Lingham.

  • Modest Recovery For African Economies Expected After Tough 2016

    modest recovery for African economies By Staff, 7:19 pm

    Countries conventionally seen as resource-poor, like Ethiopia and Rwanda, maintained higher growth in 2016 — as high as 8% in agriculture-heavy Ethiopia, despite the worst drought in decades. Successful African economies focused on expanding and diversifying to attract foreign investment. Some economists predict improvement in African economies in 2017 as commodity prices rise. Others are less optimistic that resource-dependent countries can change tack at this point. Diversification doesn’t happen overnight.