World

Cohabiting couples in Burundi have until the end of the year to get married or face legal consequences

Cohabiting

Cohabiting couples in Burundi have until the end of the year to get married or face legal consequences The government order comes after President Pierre Nkurunziza launched a campaign “to moralise society”. A government spokesman said a crackdown on informal relationships was needed to combat a population explosion. He said too many schoolgirls were getting pregnant and men were taking ...

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Why Facebook is investing $170m in Uganda

Facebook invest in Uganda

Ugandans have a growing passion for the internet and social media – and it’s being reciprocated. The world’s biggest social networking platform has chosen Uganda for a $170 million fibre infrastructure project. This investment shows that Uganda is one of Facebook’s top priority countries in Africa. While Uganda had 23 million phone users and 13 million internet users in 2015, ...

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Africa left out as Western Union digital service goes live

Western Union

As Western Union’s digital service goes live in 40 countries, developing countries, including those in Africa where 75 per cent of cross-border person-to-person (P2P) transfers are made are not included yet. Not a single African country is included at the moment. Western Union, the global payments company announced Wednesday, May 10, 2017 that it has further strengthened its global digital ...

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Euro strengthens as Macron wins French presidency

Macron

The euro has risen after pro-EU Emmanuel Macron won France’s presidential vote by a large margin. The single currency strengthened 0.2% against the dollar as investors were reassured over the future stability of the European project. The reaction was muted, however, as investors were expecting Mr Macron, a former investment banker and an economic liberal, to prevail. He has proposed ...

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Africa’s Next Level of Economic Transformation

Jim

The G20 finance ministers met last week in Germany to discuss critical challenges facing the global economy, from climate change to migration to humanitarian emergencies like the unfolding famine in parts of Sub-Saharan Africa and the Middle East. I left the discussions encouraged by the shared commitment to deal with these key issues. I shared how the World Bank Group ...

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The Oil Market Is At A Major Turning Point

oil

Often the most important turning points in markets, and in this case the oil market, happen with a whimper rather than a bang. The ongoing crash in the oil market is mostly associated with OPEC’s fateful 2014 Thanksgiving Day decision to abstain from a production cut, thus sending the oil prices tumbling down by close to 10 percent in a ...

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ECOWAS must grab this huge investment opportunity

ECOWAS

The Ghana Institute of Governance and Security (GIGS) says the decision by Morocco – a North African economic giant, to join Economic Community of West African States (ECOWAS), could provide the sub- region with huge investment opportunities. It would open the door to the countries in the economic bloc to effectively partner Morocco to undertake massive development projects to drive ...

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Ghana Signs Double Taxation Agreement With Mauritius

taxation agreement

The Government of Ghana has signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius. The countries have also set up a Ghana-Mauritius Permanent Joint Commission on Bilateral Cooperation, as part of measures to facilitate trade between the two countries. As well, Ghana and Mauritius have agreed to collaborate on an Investment promotion and protection agreement to better ...

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General HR McMaster, Trump’s new national security advisor

McMaster

Donald Trump’s new national security advisor has been appointed in the shadow of a controversy after his predecessor lasted just three weeks in the job. The choice has been well-received by both analysts and politicians – even some, like Senator John McCain, who have been critical of many of President Trump’s decisions. But who is Herbert Raymond McMaster? A student ...

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Why IBM decided to invest $70 million in Africa IT skills

IBM

Computing giant IBM is investing $70 million (approximately R945 million) in building digital, cloud and cognitive IT skills to help support a 21st-century workforce in Africa. The initiative, ‘IBM Digital – Nation Africa’, provides a cloud-based learning platform designed to provide free skills development programmes for up to 25 million African youths over five years, enabling digital competence and nurturing ...

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