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On March 23, 2015, President Obama released a message to the Nigerian people to highlight the opportunity that the Nigerian elections present for all Nigerians to stand together in rejecting violence and extremism and instead show their support for a more peaceful, secure, and prosperous future. Please read the…
“Difficulties mastered are opportunities won.” – Winston Churchill First, the good news: Economic growth in sub-Saharan Africa is still on track to outpace the global average over the next three years, according to the World Bank, with an increase in investment likely to boost the continent’s growth to more…
For the first time in history over half the world’s population live in cities — more than 54% of us did in 2014. Mass urbanization is proving to be “the single most important transformation” the world is seeing in the 21st century, according to Jamal Saghir, director of sustainable…
AUTHOR: Wasili Mfungwe ZAMBIA Money Market Developments– Local Interbank Money Market Interbank rate has been relatively stable at 11.20%. Monetary Policy Rate Zambia’s central bank left its main lending rate unchanged at 9.75% for the third straight month on 30 September, saying the impact of a firmer kwacha currency would balance…
AUTHOR: Wasili Mfungwe MALAWI 1.0 Money Market Developments 1.1 Interbank Money Market Signs of liquidity tightness exhibited at the close of last month persisted in the market throughout the month of October 2013. Inter-bank activity engorged within the month to touch a daily average of MK5.1 billion, 33%…
2. You are useful to your customers even when there’s little to no profit in it. Yes. Customers in Africa can be high risk. High risk customers tend to be negative on some or all three key aspects of loyalty – timely payment (how a customer pays for goods/services);…
An investment plan is an image reflection of the investor’s mind and heart. Truly successful investors focus on the long term view. They measure the success of their investment plans by not losing sight of the forest for the tree. This principle is especially applicable in the continent of…
Educating the mind without educating the heart is no education at all. —Aristotle When my brother, Ozii, and I were in college at The University of Texas (and on financial aid no less), we decided to establish a scholarship program for college students in Africa. The idea seemed far-fetched…
1. Regional Integration 2. Development of Agribusiness 3. Expansion of Mobile Telecommunications 4. Chinese Investment in African Infrastructure 5. Brazil-Africa Collaboration in the Energy Sector 6. Demand for African Movies and Music from the Diaspora…