Africa Business In The News

‘Tap into diaspora’s economy to boost intra-African trade’ – Afreximbank

KIGALI, June 28 – African Export-Import Bank (Afreximbank) president, Benedict Oramah, said on Wednesday that the African diaspora constituted a large economy outside the continent, and that Africa needed to develop strategies to attract it back into trading within its borders. Oramah decried the lack of market knowledge sating that it was a challenge for […]

Africa In The News

Somalia hit hard by humanitarian crisis

JOHANNESBURG, May 18– The humanitarian crisis in Somalia is worsening, a senior United Nations (UN) official has told the Security Council, calling for more than $800 million in aid to offset the impact of a severe drought in a country that is already battling insecurity and poverty. “The humanitarian crisis has deteriorated more rapidly than was […]

In The News South Africa

Competitiveness boost urgently needed to meet Africa’s demographic challenges

DURBAN – The ability of sub-Saharan Africa’s economies to generate enough jobs for its young and growing population rested on the successful implementation of urgent structural reforms to boost productivity. This was the key finding of the World Economic Forum Africa Competitiveness Report 2017, published on Thursday. According to WEF, which is hosting the WEF […]