Category: Market Bazaar

By Staff | Africa Review When Nigeria’s President Muhammadu Buhari recently announced that he and his deputy would take a pay cut, it was not entirely surprising for a man known for his austerity, and who faces a challenge cutting back the excesses in the country’s finances. But President Buhari is not the first African leader to...

By Amadou Sy and Andrew Westbury President Obama will make what is likely to be his last trip to sub-Saharan Africa while in office when he visits Kenya and Ethiopia later this week, just after hosting newly elected Nigerian President Muhammadu Buhari at the White House on Monday. After what some have called a “slow...

By Stefan Nicola The European Investment Bank, France and Italy will provide Ethiopia 81.4 million euros ($90 million) in financing to help the East African nation modernize its water infrastructure. The EIB will loan 40 million euros, the French Agency for Development will provide 20 million euros and Italy’s Ministry of Foreign Affairs and International...

Three billionaires, who are part of the cast of the American television series ‘Shark Tank’, will be in Nairobi to join other entrepreneurs in hunting for trade and investment opportunities in Kenya at the Global Entrepreneurship Summit The three, Barbara Corcoran, founder of Barbara Corcoran Venture Partners, Mark Cuban, owner of the Dallas Mavericks basketball team...

Written by Olle Malmgren, Standard Chartered Bank In 2013 the growth rate in Sub-Saharan Africa exceeded four per cent, while countries such as Nigeria, Tanzania, Ghana and Angola all saw their economies expand by six to eight per cent. South Africa has long been the main economic powerhouse of the African continent, but a number...

By ALLAN OLINGO, The East African China’s push for the International Monetary Fund to endorse its currency, the yuan or the renmibi as a global reserve currency to reflect the country’s growing share in world trade, could help shield Africa from inordinate exposure to the dollar. Africa’s trade with China is expected to reach $385...

THE world’s oldest tools are the size of massive fists, sharpened at the edges and seemingly unblemished, having been preserved in ancient soil. They predate the earliest humans and hint at how long it has taken our species to evolve. When the find near Lake Turkana in north-western Kenya was publicised earlier this year, it...