Know. Decide. Grow
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US firms eye Libya—the world’s oil market wild card
US companies’ entry into Libya will solidify Tripoli’s global oil market wild card role in stabilizing an already weary industry. American Chamber of Commerce in Libya (AmCham Libya) has partnered with Energy Capital and Power for the November 8-9 Libyan Energy and Economic Summit in Tripoli. Libya boasts of the greatest proven crude oil reserves…
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Tanzania banking on the Future of Work
Informal sector is booming in Tanzania as it employs more young people missing opportunities from the formal wing In 2019 the informal sector contributed 22.5 per cent of Dar es Salaam, Tanzania’s commercial capital GDP Covid-19 has forced countries in Africa to rethink the nature of work Work is life, and the future of work…
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Building a strong credit culture—borrower’s perspective
The growth and development of the banking and financial sector has been propelled by factors driven by market demand and supply forces. We have seen banks coming up with various products not only to meet client demands but also as a means of remaining competitive given the number of players within the banking sector. Comparatively,…
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2021 could not be any MORE challenging that 2020! Could it?
2020 will probably always be known as the year of Covid-19. The year when the world’s day-to-day activities juddered to a halt, when tourism stopped, when education paused, when whole countries locked down, when face masks, sanitizers and social distancing became the new normal for nationalities other than the Chinese and Japanese. The year when big, well-run…
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EU hypocrisy: Bullying Tanzania, Uganda over oil
Africa’s energy security should come first even as EU parliament tries to entrench energy apartheid on the continent by bullying Uganda and Tanzania over the East African Crude Oil Pipeline (EACOP). Energy is king, and so is adequate security across all fronts of energy exploration, production, supply and use without any interference from any foreign…
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Cyber attacks on firms in Africa surge as AI-powered extortion group enters top three
Africa overtakes all regions with 3,834 weekly attacks per organisation, as new survey warns criminals are ‘moving faster’ and ‘at a scale we haven’t seen before.’ Ransomware claims hit record 1,063 victims in October, with newcomer n0n accounting for 8% of published attacks. Risky GenAI prompts rise for third consecutive month, with 2.9% at high…
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InFocus
Africa Is Not Short of Money – It Is Short of Risk Capital In a RootsToFoods Capital Series interview, Kanini Mutooni of the Draper Richards Kaplan Foundation follows one Kenyan cold-chain company from DRK’s first check to the path to financial sustainability, and Dr. Frank Aswani of the African Venture Philanthropy Alliance explains what it…
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Kenya’s investment potential under Ruto’s presidency
The prospective stability and economic recovery expected under the new administration in Kenya will no doubt make way for the realization of huge money investments in the countries. Kenya has the most stable political system in Africa and is the biggest economy in East Africa. The transition also happened peacefully, marking a new chapter for…
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Shelter Afrique closes landmark $100 million sustainable bond to fund housing
Funds to finance affordable housing across the eight-nation West African Economic and Monetary Union, in a transaction anchored by the International Finance Corporation and Ecobank Group. Shelter Afrique Development Bank has closed its first local-currency sustainable bond, raising FCFA 60 billion (about $100 million) to finance affordable housing across the eight-nation West African Economic and…
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Dangote Industries pauses London secondary listing push citing poor market conditions
Africa’s richest man’s cement group abandons planned UK float after board review; shares to remain solely on Nigerian Exchange. Move deals fresh blow to London’s struggling listings market amid equity volatility. Dangote Industries Limited insists that its operations and strategy unaffected. Dangote Cement Plc, controlled by Nigerian billionaire Aliko Dangote, has abandoned plans for a…
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