The President of the Angola-Brazil Chamber of Commerce (CCAB), has advocated for the return of the International Monetary Fund (IMF) to Angola to provide assistance with economic reforms and to address the devaluation of the national currency, the kwanza. Joint Action with IMF for Economic Reforms In an interview conducted on the eve of Brazilian … Read more
Kenya’s economic landscape is facing a dynamic and ever-shifting environment, presenting both opportunities and challenges for investors and savers in the country. With a recent inflation rate of 7.28% as of July 2023, individuals are grappling with the need to preserve their savings against the erosive effects of rising prices. Despite a recent slowdown in … Read more
Technology vendor Ericsson is optimistic that the deployment of 5G technology will have a transformative impact on Nigeria’s tech startup ecosystem, fostering increased innovation and digital growth. This sentiment was shared by Hassam Kandeel, Vice President at Ericsson Middle East and Africa, during Ericsson’s leadership visit to Nigeria. The company aims to strengthen its collaboration … Read more
The People’s Bank of China (PBOC) has announced a reduction in its one-year loan prime rate from 3.55% to 3.45%, in an effort to stimulate the nation’s post-COVID economic recovery. Despite the global backdrop of rising interest rates to combat inflation, China’s ongoing struggles with property market turmoil, declining exports, and weak consumer spending have … Read more
If you’ve ever pondered over carving your own niche in the realm of African business ideas, hold onto your safari hats, because we’re about to embark on a journey through the vibrant world of tourism and hospitality. Buckle up as we dive into the realm of eco-tourism, soak in the richness of cultural experiences, chase … Read more
If you’re one of those savvy minds looking to stir up some African business ideas, you’ve hitched your wagon to the right star. Let’s take a joyride through some fertile fields of opportunity – from sustainable farming to the charm of livestock husbandry. Now, I might be a boomer here in Kumasi, but let me … Read more
Jumia, often hailed as the “Amazon of Africa,” have cast a rather sobering light on its trajectory. In the spotlight of Q2’s financial results, the once-promising unicorn seems to be grappling with some formidable challenges that have the potential to rewrite the story of one of Africa’s most buzzworthy startups. Let’s start with the numbers. … Read more
Meta, the tech giant formerly known as Facebook, has unveiled a novel tool named Code Llama, powered by its Llama 2 large language model. Designed to enhance code generation and streamline debugging processes, Code Llama is set to augment developer workflows, offering efficiency gains and the potential to focus on more creative aspects of software … Read more
Monk Mode, inspired by the tranquillity and depth of monk life, is all about carving out intentional chunks of time to disconnect from the noise, obligations, and distractions of modern life. No, you don’t have to move to a mountain or anything – it’s about creating an environment that lets you dive deep into self-reflection, … Read more
The Ministry of Tourism in Ghana is poised to revolutionize its revenue collection system at major tourism sites and attractions by introducing automated solutions. This strategic move, set to commence in 2024, aims to modernize payment procedures and enhance visitor experiences at key destinations while bolstering tourism revenue for the country. Modernization Plans The Tourism … Read more