Private sector optimism picked up during February due to the reopening of schools boosting confidence of private entities, ending a two-month sequence of job cuts and leading to an improvement in the Stanbic Purchasing Managers’ Index (PMI) to 51.2 from 49.8 in January. The index is now above 50.0 signifying a positive outlook compared to […]
Diane Coyle, CAMBRIDGE – “This land is your land,” sang the American folk singer Woody Guthrie, listing the redwood forests, wheat fields, and golden valleys of the United States. Guthrie was making a moral claim that everyone should be able to share in the riches of the land. But his song also highlights the economic truth that […]
Business activity declined for the first time during the past seven months, the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the 50.0, posting a reading of 49.8 from 51.2 in December 2020. Uganda Purchase Manager’s index declines from 51.2% to 49.8% (by 1.4) New orders and employment fall Companies optimistic regarding 12 months outlook […]
Kigali Rwanda, Wednesday 20th January 2021: “The digital payment system platform dividend for COMESA and Africa at large, can be enormous with potential gains in growth of regional trade (sourcing and supply) which is currently below 20%. But turning this vast potential into reality will require the collective efforts of our governments, the private sector, […]
Dubai, United Arab Emirates, 11 January 2021: Pfizer announced today the appointment of Patrick van der Loo as Regional President for Africa and the Middle East (AfME) region. Patrick’s Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies. In his new role as Regional President for AfME, Patrick will […]
Residents of Naalya, Kyaliwajjala and the surrounding areas will in the coming months have even more reason not to move to the city for shopping as a Carrefour Market will be opening up shop in their locale. Dates for the official opening haven’t been announced yet. However, what is evident is that preparations to have […]
Alain Ebobissé, CASABLANCA – For Africa, the COVID-19 pandemic will likely mean negative GDP growth at unprecedented rates. In addition, several African countries are dealing with the aftermath of a commodity price collapse – another key contributor to current recessionary trends. The continent must now navigate economic recovery while building resilience to future shocks. From strengthening the healthcare […]
IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement to participate in IsDB’s Restore Track Program aimed to supporting IsDB’s member countries’ private sector through stimulus packages to the economic sectors most impacted by the CoVID19 pandemic. This agreement leverages […]
Taiwan is hosting its first ever Trade Fair in Somaliland on Wednesday in the capital Hargeisa. The Asian nation is using the two day trade fair to showcase its products to Somalilanders and the Horn of Africa. The Expo has been dubbed 2020 Taiwan Trade Fair-From Somaliland to East Africa. The Trade Fair has been […]
The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of October 2020 has maintained the Central Bank Rate (CBR) at 7 per cent. The high-frequency indicators for economic activity in the quarter to September 2020, point to a mild recovery of economic activity with estimated growth of 2 per cent from a sharp […]
Overview This Virtual Summit, the first and the largest of its kind convenes thousands of c-suite executives and decision-makers at African businesses, large and small, to present to you, from the highest ranks, the ways in which the U.S. can assist in growing your businesses through trade, investment, and technical assistance. Objective Designed specifically to […]
Stephen S. Roach NEW HAVEN – The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what matters most for […]