Uncategorized

ABIDJAN (Capital Markets in Africa) — France will continue to guarantee the euro peg of the west and central Africa’s common currencies and sees no need to devalue the units. The coronavirus outbreak has limited inflows of hard currency to the monetary blocs of mostly former French colonies that are struggling with the collapse of oil prices, lower trade, and the flight of investors to safe havens. “We do not see a need for adjusting…

Under the overarching theme “Investment & Impact,” the Forum’s 2020 programme puts sustainable development and the impact of power projects under the spotlight The 2020 Africa Energy Forum (AEF) will welcome Chairwoman Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All (SEforALL) and Co-Chair of UN-Energy, to officiate the opening sessions. Mrs. Ogunbiyi said: “Africa is a region full of promise and economic opportunity. Yet as we begin the…

LAGOS (Capital Markets in Africa) – A new ban from the White House hits one of the most successfully integrated groups in the country. This column will not render a verdict on whether the White House decision last week to suspend immigration from Nigeria — the world’s seventh most-populous nation — and five other countries was mainly an expression of bigotry from an administration led by a man who once likened African nations to latrines, or if it was…

LAGOS (Capital Markets in Africa) – As the global economy undergoes rapid technological change, leaders worldwide are deeply worried about the future of jobs. The use of Artificial Intelligence (AI), machine learning, and robotics will spur automation across industries and could undermine job creation at a mass scale. But African countries face a particularly daunting challenge: within the next two decades, the continent will be home to nearly 1 billion working-age people entering the job market….