Markets: Latest News
Makula Dunbar, 3:29 pm
Africa’s consumer-facing industries have the potential to deliver good investment returns, according to Robert Scharar, Commonwealth Funds manager and president of financial planning and investment firm, FCA Corp.
Dana Sanchez, 2:51 pm
Agriculture has been accepted as an answer to alleviate poverty in Africa but more cooperation, investment and knowledge must be shared so those at the beginning of the supply chain can make sustainable living, according to findings of the recent World Economic Forum on Africa.
Makula Dunbar, 1:54 pm
Currency in Egypt continues to rise and fall. Egypt’s Central bank sells $38.4 million to other banks in hopes to stabilize the country’s finances
Dana Sanchez, 12:14 pm
Japan Oil, Gas and Metals National Corp. plans to provide to Japanese companies capital and other forms of financial support worth $2 billion for exploration and development of oil, gas, mineral projects and other resources in Africa. Japan says it also plans to promote human resource development in Africa.
Dana Sanchez, 8:51 pm
When consumers buy products with the Fairtrade label in their local supermarkets, they are assured that Kenyan farmers received a reasonable return on their investments, Fairtrade Eastern Africa Manager Rachel Wandia said at the launch of Fairtrade in Kenya.
Dana Sanchez, 4:45 pm
Public and private stakeholders in agricultural research in sub-Saharan Africa come together this week for Tanzania’s inauguration of a new, $4 million facility for the International Institute of Tropical Agriculture.
Dana Sanchez, 4:10 pm
Platinum mine workers in South Africa reported for work Friday despite calls for more strikes, following Monday and Tuesday’s threatened strikes that sent the value of the rand tumbling.
Makula Dunbar, 2:08 pm
SMEs and individuals struggling to access funds from banks. The central bank is working to boost smaller financial sectors to improve
Dana Sanchez, 11:02 am
Falling agricultural productivity, a rising middle class and more mouths to feed are driving up Africa’s food imports, and that could spell opportunity, or set off finger pointing. Bad luck could be blamed, according to an article in Financial Times. Rice crops were damaged by bad weather in Niger, Cameroon, Burkina Faso, Madagascar and Benin. Egypt’s cattle have been beset […]
Dana Sanchez, 8:31 pm
Kofi Annan, former United Nations secretary general and chairman of the Africa Progress Panel, said Africa’s wealth can lift millions out of poverty but it will require proper governance and transparency.
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