By Press Release Published: June 08, 2022 2:16 PM The African Securities Exchanges Association (ASEA) has admitted the Botswana Stock Exchange (BSE) and Ghana Stock Exchange (GSE) to the African Exchanges Linkage Project (AELP). The admission was formalized at an AELP Steering Committee meeting on 31 May 2022 held on the sidelines of the 10th Edition of Building African Financial Markets (BAFM) Seminar hosted by The Central African Stock Exchange (BVMAC) in Douala, Cameroon. Speaking on behalf of the Steering Committee, the Chairman Dr. Edoh Kossi Amenounve said “The admission of the two exchanges is a demonstration of the importance of…
Author: Johnson Akinyi
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Transport infrastructure is a fundamental enabler of sustainable economic growth in Africa and essential for global competitiveness and trade. As with many industries around the world, the transport industry is currently experiencing great change, which is being driven by several global trends, including technology and automation and Environment Social Governance (ESG). Tech-Driven Efficiency From self-driving vehicles and intelligent traffic management systems to the design of individual transport chains in passenger and freight transport, digitalisation shows great promise in transforming transport networks across the world. Jürgen Maier, Owner and Advisor at Mobility Advisors in Switzerland says that while industrialised countries have…
By Fitch Ratings Published: May 27, 2022 4:58 PM Nigerian banks’ operating environments could deteriorate in 2022–2023 as adverse global economic conditions feed through to the local economy, Fitch Ratings says in a new report. Soaring inflation led the Central Bank of Nigeria (CBN) to raise its benchmark rate by 150bp on 24 May, and the pressures on banks’ profitability and asset quality will be higher than we had initially expected for 2022. However, the sharp rise in oil prices this year will mitigate the economic impact from the global risks, and we do not expect Nigeria’s banking sector to…
As CEO of The African Talent Company (formerly known as ROAM Jobs), Hilda Kabushenga Kragha, leads the jobs brand in four countries including Jobberman Nigeria, Jobberman Ghana, BrighterMonday Kenya and BrighterMonday Uganda. Collectively, these brands boast of more than 4.6 million talents and over 160,000 employers. In this interview with Hilda, we talk about – amongst other things – the peculiarities we should expect to see for the African continent with regards to remote work and the nature of work in the near future. Africa’s tech ecosystem is booming and transcending regional borders, but what other sectors should we be…
By Moody’s Also available: FR Published: March 21, 2022 4:37 PM Moody’s Investors Service (“Moody’s”) has affirmed the Government of Senegal’s Ba3 long-term issuer ratings and changed the outlook to stable from negative. The rating on Senegal’s foreign-currency senior unsecured debt has also been affirmed at Ba3. The short-term rating was affirmed at Not Prime (NP). The outlook change to stable from negative reflects an increased likelihood in Moody’s view that the government’s debt burden will stabilise, and in the absence of new significant shocks, eventually embark on a downward trajectory over the coming years. In particular, as energy projects come…
Securing meaningful, sustainable growth in Africa requires a precise skillset with an airtight strategy, the right product fit with a tailored understanding of the market, and crucially, forward-looking leadership. On the back of two high profile customer wins in the financial services sector, Marilyn Moodley, Country Leader for South Africa and West, East, Central Africa at SoftwareONE, says accelerated digital transformation presents exciting new opportunities for growth that are finally being shaped by and for African people and reflects on the five ways IT companies can grow in Africa. Build a network of partnerships Partnerships are extremely important in the technology and…
The African Securities Exchanges Association (ASEA) is inching closer towards integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent. Commenting on the progress, the ASEA President Dr. Edoh Kossi Amenounve said “The facilitation of cross-border trading will open up the markets to a diverse portfolio and investment opportunities. Brokers and investors will be able to access a variety of asset classes available in their markets of interest. Increased and regular cross-border trading is expected to enhance liquidity in the AELP Exchanges”. The African Exchanges Linkage Project (AELP), a flagship project of ASEA and the…
ROAM Jobs, a leading recruitment marketplace in Africa, following a rebranding will now be known as The African Talent Company. Led by Hilda Kabushenga Kragha and backed by its shareholders Swiss Ringier AG and Australian SEEK Ltd., the company has now significantly expanded its mandate to bridge the talent gap in Africa by addressing both the supply and demand side of the African labour market. The African Talent Company is expanding its services to cover the full spectrum of African Talent Management. By holistically addressing the challenges that exist in Africa’s labour market, The Africa Talent Company is better equipped…
By Arab Finance Published: March 21, 2022 5:04 PM French container transportation and shipping company CMA CGM is planning to develop its services and expand in the Egyptian market in next years, Al Mal News reported, citing CMA CGM Egypt and Sudan Cluster CEO Tariq Zaghloul. Zaghloul noted that the business volume of Egypt’s unit depends on demand which is the main factor in investment decisions. CMA CGM has joined four consortiums to manage and operate the Dry Port at the 10th of Ramadan City, Zaghloul said, adding that tenders will be considered in the coming period and that financial and technical…
By Xinhua Published: April 19, 2022 3:40 PM (Xinhua) — Ethiopia’s inflation rate rose to 34.7 percent in March, up from 33.6 percent in February, according to the latest data released by Ethiopia’s Central Statistical Agency (CSA). CSA also disclosed the inflation rate for food items reached 43.4 percent in March, the highest in several years. “The non-food inflation reached 23.5 percent in March, a slight increase from February when it stood at 22.9 percent,” the CSA said. The steady increase in the rate of inflation in Ethiopia is happening despite local and federal authorities’ efforts to control inflationary pressures through administrative actions. The…