Africa Development Promise

At 10 —Africa Development Promise Marks a Significant Milestone

Business and Finance, Business and Investment, East Africa, Headline

Africa Agen­da sends hearty con­grat­u­la­tions to Africa Devel­op­ment Promise (ADP), which recent­ly cel­e­brat­ed 10 years of impact­ful work in Col­orado, Ugan­da, and Rwan­da. At a 10th anniver­sary lun­cheon on August 15th in Den­ver, Mon­i­ca Labiche Brown, ADP’s founder and exec­u­tive direc­tor, said the orga­ni­za­tion’s pro­grams sup­port 12 agri­cul­tur­al coop­er­a­tives in Ugan­da and Rwan­da. In 2021, the orga­ni­za­tion expanded…

Opinion: Africa’s Long-term Development Depends on Africans

Around the World, Business and Finance, East Africa

Edi­tor’s Notes: Julius Nyerere was an African vision­ary and pres­i­dent of Tan­za­nia from 1964 to 1985. Pre­vi­ous­ly he served as prime min­is­ter from 1961 to 1964. Nyer­ere’s phi­los­o­phy of Ujaa­ma and African self-reliance has often been cit­ed by pan-African­ists and schol­ars around the world. Benard Semen reminds us that Africans, any­where in the world, need…

The Growth of Mobile Money Transfer in Africa

Business and Finance, Business and Investment, East Africa, Finance and Economics, Headline

In 2021 the glob­al mobile val­ue stood at 1 tril­lion dol­lars. The African con­ti­nent account­ed for about 70 per­cent of the sta­tis­tics. The adop­tion of mobile mon­ey in Africa con­tin­ues to rise with Glob­al Sys­tem for Mobile Communications(GSMA) fig­ures high­light­ing an increase from 27.5 bil­lion in 2020 to 36.7 bil­lion in 2021. Mobile Mon­ey Enables Growth…

Dimbabwe's Development

A New City Aims to Boost Zimbabwe’s Development

Business and Finance, Business and Investment, Headline, Southern Africa

At the 77th ses­sion of the Unit­ed Nations Gen­er­al Assem­bly, African lead­ers called for the West to ease sanc­tions on Zim­bab­we. Recent­ly the Unit­ed States of Amer­i­ca sanc­tioned 56 com­pa­nies and 85 indi­vid­u­als, includ­ing cur­rent Pres­i­dent Emer­son Mnan­gag­wa. Locals in the coun­try say the sanc­tions play a role in Zim­bab­we’s eco­nom­ic devel­op­ment as indus­tries have…

Dawn of a second Cold War and the ‘scramble for Africa’

Business and Finance, Business and Investment, China in Africa, HeadlineLeave a comment

Abstract Ample empir­i­cal evi­dence shows that the African Con­ti­nen­tal Free Trade Area (AfCF­TA) will boost the com­pet­i­tive­ness of African economies and accel­er­ate the diver­si­fi­ca­tion of sources of growth and trade to deep­en eco­nom­ic inte­gra­tion in Africa and enhance the region’s assim­i­la­tion into the world econ­o­my. How­ev­er, real­iz­ing these poten­tials hinges on revers­ing the cur­rent trend…

New tools for easing cross-border trade in Africa

African News Review, Brookings Institution, Business and Finance, Business and Investment, East Africa, UncategorizedLeave a comment

Mike Ogbalu, CEO of the Pan-African Pay­ment Set­tle­ment Sys­tem (PAPSS) at the African Export-Import Bank, dis­cuss­es PAPSS, a cross bor­der, finan­cial mar­ket infra­struc­ture enabling pay­ment trans­ac­tions across Africa. Relat­ed Con­tent Fore­sight Africa pod­cast is part of the Brook­ings Pod­cast Net­work. Sub­scribe and lis­ten on Apple, Spo­ti­fy, and wher­ev­er you lis­ten to pod­casts. Send feed­back email to podcasts@brookings.edu, and…

EMEA: Central African Republic Embraces Crypto | PYMNTS.com

African News Review, Business and Finance, Central Africa, UncategorizedLeave a comment

In today’s top Europe, Mid­dle East and Africa (EMEA) news, Cen­tral African Repub­lic Finance Min­is­ter Herve Ndo­ba said the use of cryp­tocur­ren­cies in the nation’s econ­o­my is com­ing, while London’s Tru­eLay­er has intro­duced vari­able recur­ring pay­ments (VRP). Plus, Face­book own­er Meta and Google pledged to per­mit only reg­is­tered finan­cial firms to adver­tise pro­mo­tions on their…

Denver Plans Direct Flights to a “Growing African Continent”

Business and Finance, Business and Investment, Central Africa, East Africa, Headline, North Africa, Uncategorized, West Africa

DENVER  — (AFRICA NEWS MATTERS)  Recent­ly we learned Den­ver Inter­na­tion­al Air­port (DIA) and the city of Den­ver, fond­ly called the mile-high city, in the US state of Col­orado, have begun explor­ing pos­si­bil­i­ties for direct flights to con­ti­nen­tal Africa. DIA has set up a team that is work­ing on this ini­tia­tive called Den­ver Air Ser­vice Committee. …