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The Exchange
End the Mining-Only Mindset: How Africa Can Benefit from its Critical Minerals
Africa holds more than half of the world "s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies. For decades,…
Kenya’s Visa-Free Entry Policy: A Game Changer for Business and Investment in East Africa
Kenya, a country known for its rich wildlife, vibrant culture, and dynamic economy, is poised to make a significant leap in becoming a hub for investors and business in East Africa. As the visa-free entry date nears, it is important to…
The Crossroads of Change: DRC’s Pivotal Presidential Elections Offer Hope Amidst Turmoil
The 2023 DRC presidential election is slated for 20 December in what many view as the most consequential election in its recent history. There have been reports of various logistical complications threatening to undermine the electoral…
World Bank tips Kenya on how to drive inclusive growth and tackle poverty
According to the World Bank, the secret lies in adopting an inclusive growth strategy that not only enhances economic opportunities and productivity for the poorest but also remains steadfast in pursuing long-term developmental objectives.…
An outlook into Nigeria’s stubborningly high inflation rates
Nigeria "s inflation rate has remained high for the past 9 years, way before COVID-19 and the disruptions it imposed. Experts have argued that Nigeria" s inflation results from excess money supply in the economic system chasing too few…
World Bank greenlights $750M to expand electricity access for 17.5 million Nigerians
The project will benefit over 17.5 million unserved, underserved, rural, and remote Nigerians through the deployment of standalone solar and mini-grids. The initiative will replace over 280,000 polluting and expensive petrol and diesel…
Economic alarms ring as Ethiopia’s credit rating enters junk territory
In a body blow, Fitch Ratings has moved Ethiopia "s rating from" CC, "where it had been downgraded in November, to the new status of" C ". This adjustment reflects the agency" s deepening concerns about Ethiopia "s economic health and the…
Sudan’s humanitarian crisis poised to worsen as economy contracts by 18 per cent
The humanitarian crisis in Sudan is poised to worsen next year even as the economy is set to contract by 18 per cent in 2023. This comes as New York- based International Rescue Committee identified Sudan as the foremost nation among 20…
Renewed optimism as countries agree on a new global climate pact
For the first time in climate summits, diplomats from nearly 200 countries at COP28 have agreed on a new global climate pact. While past United Nations climate deals called for countries to reduce emissions, they shied away from overtly…
New Trends in Gold-Backed Financing
Global economic trends, such as interest rate changes, inflation, and geopolitical uncertainties, significantly impact gold-backed financing products. Some financial products are now linking gold investments to environmentally and socially…