Good Morning Africa
638 episodes - English - Latest episode: 1 day ago - ★★★★★ - 5 ratingsGood Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.
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Episodes
M-Kopa to inject $10 million to boost uptake of electric motorcycles.
April 24, 2024 03:00 - 10 minutes - 7.08 MB🎙 M-Kopa to inject over $10 million to boost uptake of electric motorcycles. 🎙How can Uganda's fourth National Development Plan be aligned with opportunities under the Africa Continental Free Trade Area during the planning phase? 🎙 The JSE index was up for the fourth consecutive session on Tuesday, trading above the 74,000 level, tracking most of its global peers. 🎙 The world’s electric car fleet continues to grow strongly, with 2024 sales set to reach 17 million. 🎙South Africa seeks inv...
Kenya Shilling's Appreciation Against USD May Be Reversing.
April 24, 2024 03:00 - 10 minutes - 7.44 MB🎙 African countries will pay $74-billion in debt service payments this year. 🎙Uganda's investment culture is changing. XENO Uganda's CEO, Aéko Ongodia, shares insights on acquiring over 100,000 clients and managing billions in investment capital in an emerging market. 🎙 The Kenya Shilling appreciation against the US Dollar appears to have finally hit the floor and could be in reverse gear. 🎙African countries are racing to enact rules for non-resident suppliers to account for taxes on ele...
Nigeria to Drop to Fourth in IMF Economic Rankings.
April 23, 2024 03:00 - 7 minutes - 5.43 MB🎙 IMF forecasts predict that Nigeria, once dubbed Africa's largest economy, is set to relinquish its crown and slide to fourth place this year. 🎙 UN Trade and Development (UNCTAD) has warned of a possible further growth deceleration in 2024, citing falling investments and subdued global trade dynamics. 🎙 A just energy transition in Uganda.
Meet the CEOs: Kazeem Tewogbade and Olumide Soyombo founders of The Bluechip Technologies Limited.
April 19, 2024 04:00 - 18 minutes - 12.7 MB🎙 Meet the CEO: Kazeem Tewogbade and Olumide Soyombo founders of The Bluechip Technologies Limited 🎙The JSE All Share index remained stable near the 73,000 level on Thursday, hovering close to one-month lows, amid varied quarterly company reports worldwide. 🎙 The World Bank Group and the African Development Bank (AfDB) Group are partnering to provide at least 300-million people in Africa with electricity access by 2030.
Vodacom Tanzania PLC acquires internet provider, Smile Communications, for $27.4 million.
April 18, 2024 03:00 - 8 minutes - 6 MB🎙 Samsung has overtaken Apple as the leading mobile devices provider. 🎙 Antonio Querido, the FAO Country Representative in Uganda returns to discuss the slow uptake of renewable energy in the Agriculture sector. 🎙 Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million. 🎙 The UN Trade and Development (UNTD) warns of a continued global economic slowdown in 2024, following a milder-than-expected ...
Ghana fails to strike a deal to restructure $13 billion of international bonds.
April 17, 2024 03:00 - 9 minutes - 6.23 MB🎙 Ghana fails to strike a deal to restructure $13 billion of international bonds. 🎙 Exploring the Crucial Role of Argitech in Advancing Climate-Smart Agriculture and Maximizing Yields 🎙 Cocoa futures drop by 7.5% to $10,108 per tonne, attributed to heightened volatility and reduced market liquidity. 🎙 The International Monetary Fund (IMF) has revised down South Africa’s 2024 growth forecast by a marginal 0.1% from a January forecast of 1%, to 0.9%. 🎙 Angola's March 2024 inflation hits 26...
Nigeria Inflation Rate Hits 28-Year Highs.
April 16, 2024 03:00 - 7 minutes - 5.33 MB🎙 Nigeria Inflation Rate hits 28-year highs. 🎙 Cocoa futures reach new high, surpassing $10,800 per tonne, amid global supply concerns. 🎙 Today, we chat with Kazeem Tewogbade and Olumide Soyombo, founders of Blue Chip Technology, about their $60 million balance sheet in 2023 and insights on Africa's ICT sector. 🎙 Moderna suspends Kenyan vaccine plant construction due to $1B loss from falling COVID-19 vaccine demand since 2022 🎙 Uber unveils Uber Teen accounts in South Africa, allowing 13...
Kwibuka 30 With The CEO of Our Past Christian Intwari.
April 12, 2024 03:00 - 13 minutes - 9.05 MBChristian Intwari, the founder of ‘Our Past’, the youth-led initiative that organises aims to educate young people about the 1994 Genocide against the Tutsi and inspire them to take the initiative to rebuild Rwanda.
Blended Finance: What is it and how can SMEs align themselves to get it?
April 09, 2024 03:00 - 7 minutes - 5.42 MB🎙 Blended Finance: What is it and how can SMEs align themselves to get it? 🎙 Ethiopia's stock market progresses, ESX surpasses capital-raising phase by over 200%. 🎙 Zimbabwe adopts gold-backed currency, ZSE begins trading. 🎙 CBN restructures staff, terminates 40 individuals primarily from DFD. 🎙 Bank of Uganda raises benchmark interest rate by 25 bps to 10.25%. 🎙 World Bank, Ethiopia sign $1.72B loan agreements for infrastructure development.
Uganda's economy grows by 5.5% in Q4 2023.
April 08, 2024 03:00 - 8 minutes - 6.04 MB🎙 African startup closures hit record highs due to funding drought. CEO strategies during this "funding winter" discussed by Mona Ssebuliba of Abi Finance. 🎙 OPEC and allies maintain oil output policy until June. 🎙 Cocoa futures dip after hitting all-time high, now below $9,800/tonne. 🎙 Uganda's economy grows by 5.5% in Q4 2023. 🎙 African airlines see record revenues and seat numbers, per African Airline Association report.
Meet the CEO: Stacy Tusabira CEO of Starr_e Jewellery Empire.
April 05, 2024 03:00 - 10 minutes - 7.17 MB🎙Meet the CEO: Stacy Tusabira CEO of Starr_e Jewellery Empire. 🎙 JSE All Share index rises 1.7% to 75,373, recovering from recent losses. 🎙Tanzania's central bank raises key rate to 6%, citing global inflation pressures. 🎙Stanbic Bank Kenya PMI drops to 49.7, signalling private sector contraction. 🎙Stanbic Bank Uganda PMI falls to 49.3, indicating worsening business conditions.
JSE All Share Index Dips & IMF Talks with Ethiopia Stall.
April 04, 2024 03:00 - 12 minutes - 8.84 MB🎙 Preparing Youth: Skills for Employment and Entrepreneurship. 🎙 JSE All Share Index Dips, IMF Talks with Ethiopia Stall. 🎙 PwC Report Urges Greener Food Production in Africa. 🎙 Kenya Slips to 7th in Africa for Hotel Room Development.
Currency Momentum: Kenya Shilling's gains against the Dollar.
April 03, 2024 03:00 - 10 minutes - 7.51 MB🎙 Kenya shilling gains 19% against USD. 🎙 Bitcoin faces selling pressure ahead of halving 🎙 IFC invests $10.5M in African tech startups 🎙 Thepeer, Nigeria's API startup, shuts down. 🎙 Triply selected for Y Combinator's winter 2024 batch. 🎙 Seychelles economy shrinks by 3.2% in Q4 2023.
Morocco and Mauritius's Economies Thrive And The Kenya Shilling Holds Strong.
April 02, 2024 03:00 - 10 minutes - 7.05 MB🎙 Coursera CEO Jeff Maggioncalda on Technology, AI, and Reskilling. 🎙 Kenyan Currency Strengthens: 30 Units in Two Months, 19% Gain. 🎙 WTI Crude Futures Surge to $83.5, 5-Month High Ahead of OPEC+ Meeting. 🎙 Fitch Ratings: Kenya's 'B' Credit Rating, Negative Outlook. 🎙Morocco's Q4 2023 GDP Growth: 4.1% YoY Surge. 🎙Mauritius Economy Soars: 7.3% Growth in Q4 2023.
Meet the CEO: Collins Muyanja CEO at Ranchers Finest Limited.
March 29, 2024 03:00 - 13 minutes - 9.6 MB🎙 Meet the CEO: Collins Muyanja, CEO at Ranchers Finest Limited. 🎙 South Africa's Trade Surplus Hits ZAR 14 billion in February 2024. 🎙 Botswana Economy Grows 1.9% YoY in Q4 2023.
Should We Rethink Reskilling on The Continent?
March 28, 2024 03:00 - 11 minutes - 7.65 MB🎙 Should We Rethink Reskilling on The Continent? 🎙JSE All Share Index Up at 73,920: Industrials, Financials, Telecom Lead. 🎙 South African Rand Edges Up to 18.89/USD on Rate Expectations. 🎙Bank of Tanzania to Sell US Dollars to Combat Shortages. 🎙Mozambique's Central Bank Cuts Key Interest Rate to 15.75%. 🎙South African Reserve Bank Holds Repo Rate at 8.25%. 🎙Kenya Airways Reduces Annual Net Loss, Achieves Operating Profit.
Central Bank of Nigeria Raises Rates Again.
March 27, 2024 03:00 - 10 minutes - 6.97 MB🎙African Tax Revenue: Bridging the Gap for Public Services. 🎙Africa Finance Corporation Closes Largest-Ever Debt Facility. 🎙Zambia Strikes Deal with Private Creditors on $3 Billion Bond Restructuring. 🎙Nigeria's Central Bank Raises Key Rate to Record 24.75% to Tackle Inflation. 🎙East Africa Plans Common Goods Standard to Combat Counterfeits.
Startup Shutdown: African startups lose $200M in Operational Investments.
March 26, 2024 03:00 - 9 minutes - 6.32 MB🎙 Meat Processing Industry: Potential and Growth Barriers. 🎙Startup Shutdown: $200M Operational Investments Lost in Africa. 🎙Stanbic Uganda Posts 15.2% Profit Growth, Hits Shs412 Billion. 🎙Bank of Ghana Maintains Benchmark Rate at 29%.
Lifting Local Economies: Impacting Communities and GDP in Africa.
March 25, 2024 03:00 - 10 minutes - 7.22 MB🎙 How can local economies be lifted to impact their communities and contribute to GDP ? 🎙 Naira Slightly Appreciates, Trading at N1,431.49 to Dollar. 🎙Global Experts Adress Africas Nations Climate Funding Grievances. 🎙UN Report: International Trade Set for Rebound in 2024.
Retirement Rewards: Maximizing Benefits Utilization.
March 22, 2024 03:00 - 8 minutes - 6.18 MB🎙A look at Retirement Benefits Utilisation. 🎙Top Egyptian investment bank mulls partial IPOs and capital hikes for businesses like Valu to boost shareholder value. 🎙Gold surpasses $2,200/ounce, hitting record highs on Thursday as investors anticipate central bank easing. 🎙 The Central Bank of Nigeria on Wednesday announced it has cleared all ‘valid’ foreign exchange backlogs. 🎙Farmers to earn more from UK flower exports after suspension of 8% duty fee.
Fragmented Trade Patterns & What It Means For Global Commerce.
March 21, 2024 03:00 - 7 minutes - 5.48 MB🎙Trade Patterns Shift: Focus on Resilience and Regulatory Cooperation. 🎙Angola's Crude Oil Output on Recovery Path Post-OPEC Exit. 🎙DRC Achieves Record Copper and Cobalt Output in 2023. 🎙Ghana's GDP Grows 3.8% YoY in Q4 2023, Fastest Since Q2 2022. 🎙 British Owner's Bid to Fully Acquire PZ Cussons Nigeria Fails Due to Regulatory Holdback. 🎙Unilever Plans Global Job Cuts, Aiming to Save 684 million Euros. 🎙South Africa's Inflation Hits 5.6% in Feb 2024, Exceeding Forecasts.
Navigating Nigeria's Oil Production Dip & Modern Workforce Preparation.
March 19, 2024 03:00 - 9 minutes - 6.62 MB🎙Preventing Future Strikes: Building Trust with Workers for Prosperity 🎙 Cocoa Futures Hit Historic High: Surpass 8,400/pound 🎙 Nigeria's Oil Production Dips to 1.36M bpd in Feb 2024 🎙 Moroccan Manufacturing Grows 8% YoY in Q4 2023. 🎙 31 Countries to Trade under AFCFTA by Year's End. 🎙Cable Cuts Impact West African Telecom Services.
African Women Leaders Combatting Tokenism in Business.
March 19, 2024 03:00 - 10 minutes - 7.18 MB🎙MTN Uganda's Advancing Women Entrepreneurs Program Unveils 118 Entrepreneurs. 🎙WTI Crude Futures Surpass $83.4/Barrel, Highest Since October. 🎙DP World Vows Legal Battle for Doraleh Container Terminal in Djibouti. 🎙 National Bank of Morocco Holds Benchmark Interest Rate at 3% Amid Inflation Decline. 🎙Digital Business Loans Decrease Amid Economic Challenges in Kenya, Lenders Shift to Consumer Credit.
Women Leaders Combatting Tokenism in Business.
March 19, 2024 03:00 - 10 minutes - 7.18 MB🎙MTN Uganda's Advancing Women Entrepreneurs Program Unveils 118 Entrepreneurs. 🎙WTI Crude Futures Surpass $83.4/Barrel, Highest Since October. 🎙DP World Vows Legal Battle for Doraleh Container Terminal in Djibouti. 🎙 National Bank of Morocco Holds Benchmark Interest Rate at 3% Amid Inflation Decline. 🎙Digital Business Loans Decrease Amid Economic Challenges in Kenya, Lenders Shift to Consumer Credit.
Edtech Funding Challenges Amid African Digitalization.
March 18, 2024 03:00 - 7 minutes - 5.42 MB🎙Edtech startups in Africa raised $24.6 million or 0.7% of Africa’s total funding in 2022, according to data from Disrupt Africa. 🎙Prime Energy Plc a hydropower company received approval from the Capital Market Authority in Rwanda to issue the country's maiden green bond. 🎙The regional bank, Equity Group beat its African peers to emerge the strongest banking brand on the continent and second in the world, according to the 2024 Brand Finance rankings. 🎙Nigeria's annual inflation rate soare...
Meet the CEO: Abdulrahman Niyonizeye Founder and CEO of Smart Class Rwanda.
March 15, 2024 03:00 - 20 minutes - 13.9 MB🎙Meet the CEO: Abdulrahman Niyonizeye Founder and CEO of Smart Class Rwanda. 🎙Cocoa Futures Retreat to Around 7,300/lb After Record Rally, Liquidation Pressure. 🎙South Africa Mining Production Falls 3.3% YoY in January 2023, Missing Forecasts. 🎙Ethiopia's Annual Inflation Rate Eases to 28.2% in February 2024.
Supply concerns in West Africa as Cocoa prices surge.
March 14, 2024 03:00 - 11 minutes - 7.68 MB🎙Global cooperation has been critical for the impressive expansion of well-being and opportunities in the past 70 years. 🎙Bitcoin pushed further into record territory on Wednesday as a rally in cryptocurrencies continued apace. 🎙Cocoa futures resumed their upward trend to trade around 7,950 per pound, marking a new historic high, attributed to ongoing supply concerns in West Africa. 🎙BK Capital has today launched the Tekana Personal Pension Scheme. 🎙Ghana's annual consumer inflation ease...
The trade ecosystem digitalization holds the potential to increase trade by nearly $9 trillion.
March 13, 2024 03:00 - 10 minutes - 7.12 MB🎙Technology is revolutionising global commerce and investment, and digitalizing the trade ecosystem holds the potential to increase trade by nearly $9 trillion by 2026 within the G7 alone. 🎙 WTI crude futures surged past $78 per barrel on Tuesday, fueled by OPEC's optimistic outlook on global oil demand growth in 2024 and 2025. 🎙 Economic growth surprised to the upside in Rwanda, with the latest national accounts data indicating that the economy expanded by a stellar 8.2% in 2023 – against...
Transformation of Global Trade in 2024, will it be emerging technologies or trade policy that will be the key drivers of global trade ?
March 12, 2024 03:00 - 8 minutes - 5.59 MB🎙 How will trade and trade policy develop over the coming year? How are emerging technologies transforming global trade? 🎙 Bitcoin reached a new all-time high exceeding $71,800 on Monday as the UK opens up to crypto exchange-traded products. 🎙 The JSE All Share index was slightly down around 73,460 on Monday, following three consecutive sessions of advances. 🎙 Global investment bank Goldman Sachs said it sees the Nigerian naira gain more ground against the US dollar in the next twelve mo...
Bitcoin hits 70K USD, The Red Sea attacks and what that means for global inflation.
March 11, 2024 03:00 - 11 minutes - 7.65 MB🎙 Bitcoin hits 70K USD, The Red Sea attacks and what that means for global inflation. 🎙 TowerCo of Africa Uganda secures $40M for rural mobile network expansion, fostering digital empowerment and economic growth. 🎙 Bitcoin Hits $70K Milestone, Driven by Central Bank Rate Cut Expectations and ETF Demand. 🎙Gold Hits Record High Near $2,200/ounce on Jobs Report, Rate Cut Expectations. 🎙 OPEC+ Crude Production Up 212,000 bpd in February: Rystad Energy. 🎙IWMI Southern Africa: African Nation...
Meet the CEO: Lucy Asiimwe from The Neycha Accelerator & Fund.
March 08, 2024 03:00 - 23 minutes - 16.3 MB🎙 Meet the CEO: Lucy Asiimwe from The Neycha Accelerator & Fund. 🎙The JSE All Share index closed nearly unchanged at 73,604 on Thursday, with gains in gold miners balanced by weakness in financials and industrials. 🎙 Research body Economist Intelligence Unit projects the global GDP growth at 2.4 per cent this year from last year’s 2.3 per cent.
Uganda and Egypt Financial Pulse: From Central Bank Moves to Market Dynamics
March 07, 2024 03:00 - 7 minutes - 5.47 MB🎙 Uganda’s President President Yoweri Kaguta Museveni is calling for increased information sharing 🎙Gold Hits Record-High of $2,146/ounce as Fed Chair Signals Rate Reduction 🎙 EGX 30 Hits Record High at 32,150 After Egypt Central Bank's Bold Moves. 🎙 Egyptian Pound Nears 50 per USD Mark Amid Fourth Devaluation Since 2022 🎙 Bank of Uganda Raises Benchmark Interest Rate to 10% on Inflation, Currency Concerns. 🎙Egypt's Central Bank Hikes Interest Rates by 600bps to Record Highs.
Africa’s debt burden and optimisation of the natural resources on the continent.
March 06, 2024 03:00 - 10 minutes - 7.01 MB🎙 Why should African governments strengthen governance and institutionalise debt management capacity. 🎙 Bitcoin Surges Nearly 6% to $66K, Targets All-Time High on Strong US Bitcoin ETF Demand. 🎙 OPEC+ Extends Voluntary Production Cuts Through Second Quarter of 2024. 🎙 South African Economy Grows 0.1% in Q4 2023, Below Expected 0.3%. 🎙 S&P Global Egypt PMI Dips to 47.1 in February 2024 from 48.1 in January. 🎙 Africa Faces $2.5 Trillion Climate Finance Gap by 2030, UN Official Warns
The Macroeconomic Performance Outlook for Africa
March 05, 2024 04:00 - 10 minutes - 6.98 MB🎙 Africa to Maintain Fastest Growth, Exceeding Global Average in 2023: Macroeconomic Outlook Report Forecasts 11 of Top 20 Fastest-Growing Economies in 2024 🎙 Bitcoin (BTC) Surges Past $65,000, Nears Record High as Bullish Bets Soar 🎙 The JSE All Share index traded slightly up around 73,260 on Monday, mainly driven by heavyweight resource-linked stocks and industrials. 🎙 Businesses across Africa could see a significant rise in revenue and sales by leveraging artificial intelligence accord...
The $200B Cargo Diversion and its impact on Africa.
March 04, 2024 04:00 - 7 minutes - 4.96 MB🎙 Over $200B (Sh29.1T) cargo diverted from Red Sea/Suez Canal since attacks by Iran-backed Houthi rebels in Yemen since December. 🎙 MTN Group Sees 90% Profit Plunge Due to Nigerian Currency Devaluations since June. 🎙 Kenya and Tanzania are the most affected economies in the East Africa region as vessel movement through the Suez Canal fall, a report indicates, amid continued disruption in international trade. 🎙 Kenya is the second most attacked country by cyber criminals in the Middle East...
Catalysing investments in progressive forestry.
March 01, 2024 03:00 - 8 minutes - 6.11 MBCatalysing investments in progressive forestry. Bitcoin was up 4% on the day and nearly 50% this month. Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high
Catalysing investments in commercial fforestry.
March 01, 2024 03:00 - 8 minutes - 6.11 MBCatalysing investments in progressive forestry. Bitcoin was up 4% on the day and nearly 50% this month. Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high
Opportunities that the Middle East market presents for Africa’s organic produce.
February 16, 2024 04:00 - 8 minutes - 6.01 MB🎙Why do governments need to invest in agro-processing infrastructure and long-term financing, and how are the opportunities in the Middle East market present to Africa? 🎙The JSE All Share index rose about 0.3% to finish at 73,218. 🎙Tunisia's economy contracted by 0.2% year-on-year in the fourth quarter of 2023, following an upwardly revised 0.3% decline. 🎙Nigeria's annual inflation rate climbed to a 28-year high of 29.9% in January 2024, up from 28.9% in December and above market forecast...
Integration of banks into an uncertain future.
February 15, 2024 04:00 - 10 minutes - 7.45 MB🎙What measures need to integrate themselves into an uncertain future while rebuilding trust in the system? 🎙The JSE All Share index was trading below the 73,000 level on Wednesday. 🎙Kenya has successfully issued a new Eurobond worth $1.5 billion (Sh238 billion) to buy back the inaugural one due on June 24. 🎙Small and Medium-sized Enterprises (SMEs) championing green transition are set to benefit from a deal between FSD Africa and the African Guarantee Fund (AGF). 🎙The International Energ...
Textiles & Apparel industry in Africa.
February 14, 2024 01:00 - 9 minutes - 6.31 MB🎙 What are the comparative advantages the East African countries have over each other in the apparel industry and what can they learn from Ethiopia? 🎙Bitcoin rallied to its highest price since December 2021 as the world's top cryptocurrency cleared the $50,000 price level. 🎙Mining production in South Africa rose by 0.6% from a year ago in December 2023, following an upwardly revised 6.9% jump in the prior month and compared with market forecasts of a 4.9% advance. 🎙Industrial production ...
What are the key driving forces that will shape the long-term future of cybersecurity?
February 13, 2024 01:00 - 9 minutes - 6.77 MB🎙 What are the key driving forces that will shape the long-term future of cybersecurity? 🎙The JSE All Share index was slightly down to 73,315. 🎙Uganda’s central bank raised 1.3 trillion shillings ($339 million) in a rare private placement Treasury bond auction against a target of 1.5 trillion shillings. 🎙The annual inflation rate in Senegal accelerated to 2.1% in January 2024 from an over two-year low of 0.8% in the previous month. 🎙Egypt's largest private lender, Commercial Internation...
Commercial international bank expands into Kenya.
February 13, 2024 01:00 - 9 minutes - 6.77 MB🎙 What are the key driving forces that will shape the long-term future of cybersecurity? 🎙The JSE All Share index was slightly down to 73,315. 🎙Uganda’s central bank raised 1.3 trillion shillings ($339 million) in a rare private placement Treasury bond auction against a target of 1.5 trillion shillings. 🎙The annual inflation rate in Senegal accelerated to 2.1% in January 2024 from an over two-year low of 0.8% in the previous month. 🎙Egypt's largest private lender, Commercial Internation...
Understanding the real estate market in Uganda.
February 12, 2024 01:00 - 8 minutes - 6.16 MB🎙 Understanding the real estate market, players and why the property index is invaluable. 🎙Bitcoin (BTC) crossed $46,000 early Friday, as the CoinDesk 20 Index (CD20) jumped over 2%. Bitcoin is said to rise as much as $48,000 in the coming days, predicting a gain of at least 11%. 🎙UNCTAD urges urgent reform in global debt architecture as external debt hits $11.4 trillion, draining resources for development and impacting 3.3 billion. 🎙The annual inflation rate in Rwanda fell to 3.1% in Jan...
Meet the CEO: Jackie Kirabo: Co-Founder of Nate Nutrition Specialists
February 09, 2024 04:00 - 13 minutes - 9.33 MB🎙 Meet Jackie Kirabo: Co-Founder of Nate Nutrition Specialists 🎙The JSE All Share index was down on Thursday, trading below 74,100. 🎙The annual urban inflation rate in Egypt eased for the fourth consecutive month to 29.8% from 33.7% in December, falling below market expectations of 32.5%. 🎙Tanzania's annual inflation rate stood at a three-year low of 3% in January 2024.
Forex exchange shortages in Africa
February 08, 2024 03:00 - 5 minutes - 4.06 MB🎙 What are the reasons and outcomes of the forex exchange shortages in Africa? 🎙South Africa's gross foreign exchange reserves fell to $61.188 billion in January 2024, down from a record high of $62.518 billion in the previous month. 🎙The Central Bank of Kenya raised its benchmark rate by 50 bps to 13% at its meeting on February 6th 2024, following a massive 200 bps hike in December. 🎙Kenya and Japan’s motor vehicle giant Toyota have entered into a vehicle manufacturing deal that will see...
Interest rates on private sector credit demand.
February 07, 2024 04:00 - 7 minutes - 5.37 MB🎙The immense pressure interest rates have on private sector credit demand and how African countries use land as an asset vs active investments in stock portfolios. 🎙MTN and Mastercard have signed a definitive agreement for a minority investment of up to $ 200 million into MTN Group Fintech at a valuation of $ 5.2 billion on a cash and debt-free basis. 🎙The Nafex exchange rate is trading above N1,400/$ in late January. 🎙The Bank of Uganda kept its benchmark interest rate steady at 9.5% dur...
Future-proofing of Global supply chains.
February 06, 2024 04:00 - 11 minutes - 7.71 MB🎙 Future-proofing of Global supply chains and why politics should be left out. 🎙 The JSE All Share index hovered just below the flatline around 74,320. 🎙The S&P Global Ghana PMI dropped to 48.4 in January 2024, down from a four-month high of 51.8 in December. 🎙The Stanbic Bank Zambia PMI dropped to 49.2 in January 2024 from 49.6 in the previous month. 🎙The Standard Bank Mozambique PMI shrank to 47.8 in January 2024 from 48.8 in the previous month. 🎙The Stanbic Bank Uganda PMI slightly ...
How can nations achieve economic stability and a return to growth?
February 05, 2024 04:00 - 10 minutes - 6.9 MB🎙 How can leaders mitigate the debt-servicing burden to preserve economic stability and a return to growth? 🎙The FAO Food Price Index fell for a sixth consecutive month to 118 index points. 🎙Kenya approved a secondary bond trading outside the NSE to enhance competitiveness in the country's capital markets, accounting for a Sh 734 billion annual bond turnover. 🎙The upstream industry hopes 2024 can be a bounce-back year, as Rystad Energy has identified 36 potential high-impact wells to be d...
Infrastructure corridors and their role in trade and agriculture.
February 01, 2024 04:00 - 9 minutes - 6.21 MB🎙 What is the role of infrastructure corridors and their means for trade and agriculture? 🎙Nigeria’s naira dropped to a record low against the dollar as low as 1,531 to the dollar on Tuesday, closing at 1,482.57 naira on the official market. 🎙The exit of Burkina Faso, Mali and Niger from the Economic Community of West African States (ECOWAS) could hinder the bloc’s economic growth, 🎙The Central Bank of Nigeria (CBN) has released another $64.44 million in blocked airline funds. 🎙The cent...
Can AI be the great equaliser?
January 31, 2024 01:00 - 10 minutes - 7.18 MB🎙As adoption accelerates, the need to bridge the gap between AI’s potential and practical implementation has been brought to the forefront. Can AI aid in the achievement of SDGs? 🎙Oil prices fluctuated, with WTI crude futures falling below $76.7 per barrel after a 1.5% increase to three-month highs above $79. 🎙Global economic growth is expected to be subdued, if not stagnant, this year, with trade also expected to be sluggish. 🎙Total investment into the African technology startup ecosyste...