Category Archives: Economy

12Oct/23

Africa’s total exports expected to hit close to USD1 trillion by 2035, Standard Chartered report reveals

Standard Chartered has today published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade. Continue reading

03Oct/23

Is this a carrot and stick?

Oct. 2, 2023 /Economy/ — The UK Chancellor’s decision to raise the minimum wage and impose sanctions on people claiming state benefits who refuse to take available jobs can be seen as a carrot and stick approach.

The carrot is the increase in the minimum wage. This will give low-paid workers more money to spend, which will boost the economy and help people to afford basic necessities. The stick is the sanctions that will be imposed on people who refuse to take available jobs. These sanctions could include a reduction in benefits, or even a complete loss of benefits. Continue reading

17Sep/23

What problems can AI solve in Africa?

Sept. 17, 2023  — Whether or not AI will save Africa is a complex question with no easy answer. There are many factors to consider, such as the specific ways in which AI is used, the level of infrastructure and development in Africa, and the social and political landscape. Continue reading

05Sep/23

We are UK Zambians investing in the Diaspora

Sept. 6, 2023 Social/ — Zambians are not proud to be British. Zambia is an independent country, and its citizens are proud to be Zambian. However, there is a history of mutual respect between Zambia and Britain, which may explain why some Zambians may have positive feelings towards Britain. Continue reading

05Sep/23

Is China’s Belt and Road Initiative (BRI) with Africa a one way street?

Sept. 5, 2023 /Africa Business/ — China’s Belt and Road Initiative (BRI) is a vast infrastructure project that aims to connect Asia, Africa, and Europe through a network of railways, roads, ports, and other infrastructure. The initiative has been praised by some for its potential to boost economic development in Africa, but it has also been criticized for being a one-way street that benefits China more than Africa. Continue reading

18Jul/23

Kamala Harris grew up in Kamwala Town, Lusaka in Zambia

July 17, 2023 /Politics/ — Kamala Harris was born in Oakland, California, and Hakainde Hichilema was born in Monze, Zambia. However, they have both visited Zambia and have expressed an interest in the country. In March 2023, Kamala Harris visited Zambia as part of a tour of Africa. She met with President Hichilema and other officials to discuss issues of democracy, governance, and economic development. Hakainde Hichilema has also visited the United States on several occasions. In 2019, he met with then-Vice President Mike Pence to discuss trade and investment opportunities between the two countries. Continue reading

17Jul/23

GLOBAL BLACK ECONOMIC FORUM AND STARNEWS MOBILE PARTNER TO EMPOWER BLACK ENTREPRENEURS

The Global Black Economic Forum (GBEF) and StarNews Mobile (SNM) have announced a strategic partnership to empower Black entrepreneurs and promote collaboration among Black businesses globally. The alliance will leverage StarNews Mobile’s position as a leading media platform in Africa to expand GBEF’s presence on the continent and create a lasting impact on the African business landscape. Continue reading

17Jul/23

A special gift at the tomb of Yuan Longping


Recently, a special gift – a bowl of hybrid rice from Africa, appeared at the tomb of Mr. Yuan Longping, father of the hybrid rice. The gift was brought by Rakotoson Philibert, former Secretary General of the Ministry of Agriculture of the Madagascar Republic, who came to China for the third China-Africa Economic and Trade Expo. A simple bowl of rice harbored the sincerest commemoration from the Madagascar people. Continue reading

27Jun/23

Report: ‘Global scam economy’ thriving in 2023

The COVID-19 pandemic catalyzed a digital payments revolution, forever reshaping expectations. Today’s consumers demand flexible, real-time payment options throughout their digital journeys. As banks, fintechs, retailers and other businesses modernize and add apps and offerings to keep pace, criminals cash in on weaknesses at every turn. How are professional fraud fighters striking back? A payments fraud study by Javelin and analytics leader SAS explores the fraud climate in 12 countries and offers eight recommendations for curbing the deluge. Continue reading

23Jun/23

Is zambia the cinderella of Africa, poor indebted by wicked China and saved by the western prince?

23 June 2023 /Economy/– Zambia’s recent debt restructuring deal with its creditors is a major step forward for the country’s economy. The deal will allow Zambia to access much-needed financial resources to help it recover from the COVID-19 pandemic and stimulate economic growth.

In the short term, the deal will likely lead to a decrease in Zambia’s debt servicing costs, which will free up funds that can be used for other purposes, such as infrastructure development and social programs. This will help to boost economic growth and improve living standards for Zambians. Continue reading