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Monday, July 13, 2020

SA’s competition watchdog seeks power to prosecute foreign banks over currency rigging

South Africa’s Competition Commission in 2015 began an investigation which alleged that 23 local and foreign banks, including J.P. Morgan Chase, Bank of America Merrill Lynch and Credit Suisse, had colluded to rig the rand. South Africa’s Competition Commission is seeking...

US, China trade war supports naira stability, says Gwadabe

The trade war between the United States of America (US) and China have led to higher crude oil (Brent) prices, which is good for the naira and Nigerian economy, President, Association of Bureaux De Change Operators of Nigeria (ABCON) , Alhaji Aminu Gwadabe has...

ECOWAS states urged to adopt microeconomic policies for Eco take-off

President Mahamadou Issoufou of Niger has called on the Fifth Legislature of the ECOWAS Parliament to encourage their various state governments to adopt micro economic policies that would lead to the attainment of convergence criteria for the takeoff of the Eco currency for the...

* Global economic slowdown will curtail African exports as economies debt stabilises

* Despite stabilisation, several states still debt distressed * South African slump weighing on regional growth By Joe Bavier JOHANNESBURG, Oct 18 (Reuters) - Sub-Saharan Africa’s public debt load is stabilising but the region’s economies face mounting headwinds due to slowing global growth that will weigh on...

Style-conscious African Entrepreneurs turn compulsory masks into fashion accessories

by Angela Ukomadu LAGOS, May 15 (Reuters) - Nigerian fashion designer Sefiya Diejomaoh likes to wear bright, bold clothes to match her personality. She believes a global pandemic should not get in the way of her sense of style. The mask she wears, which has become...

Pope Francis’s message to Davos 2018

This is the text of a prepared speech read at Davos by Cardinal Peter Kodwo Appiah Turkson, Prefect of the Dicastery for Promoting Integral Human Development. To Professor Klaus Schwab, Executive Chairman of the World Economic Forum I am grateful for your invitation to participate in...

Everything you need to know about the 4IR: The Fourth Industrial Revolution

The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland. It’s a term used by CEOs, policymakers and industry to describe technologies like artificial intelligence, quantum computing, 3D printing and the internet of things. Some companies and governments are struggling to keep up with the Fourth Industrial Revolution.

Africa faces worst economic shock since 1970s, says IMF chief

Africa will need more financial help to avoid “long-lasting, terrible consequences” from the coronavirus pandemic, Kristalina Georgieva, managing director of the IMF, said as the fund predicted a region-wide contraction of 3.2 per cent this year, far worse than it had forecast just 10...

The Global Economy Is Rebounding, But There’s One Big Problem

Emerging markets, led by China, have propelled world growth Lack of EM safe-haven assets is a problem, says Stephen Jen There’s a dark cloud building behind the world’s best period of synchronous growth among developed and emerging economies...

Fiscal Policies For Women’s Economic Empowerment

By Stefania Fabrizio, Daniel Gurara and Lisa Kolovich Making sure that opportunities to enter the workforce are fair and rewarding for women benefits everyone. Yet, the average female workforce participation rate across countries is still 20 percentage points lower than the male rate, largely because...
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