Business Africa
Can a BRICS currency counter the US dollar?
Can the so-called BRICS countries successfully facilitate a viable alternative to the US dollar? The ongoing global financial crunch and confrontational US foreign policy could explain why the BRICS countries, Brazil, Russia, India, China and South Africa have stepped up efforts to launch an alternative currency to the United States dollar. In this report, we answer several questions including what is required to make this vision a reality, and the possible implications of this move to African economies.
Ugandan skies at full capacity
Uganda’s Civil Aviation Authority says it has registered an eighty-seven percent recovery in air passenger traffic at Entebbe International Airport, an indication that the country is pulling away from the COVID-19 slump. We assess the situation on the ground through the eyes of the national carrier, Uganda Airlines.
African Bonds: Credible Alternative
African bond assets can be a credible alternative for investors seeking to diversify their portfolios. Several African institutions are calling for a reform of the global financial architecture as a review of potential US bank losses in 2022 demonstrates that African bond assets are a less riskier alternative for investors.
00:52
Nigeria’s Peter Obi to contest 2027 election, opposition coalition in jeopardy
Go to video
Cameroon’s Tourism Minister joins presidential race as Biya’s silence fuels uncertainty
Go to video
INTERPOL seizes $65M in fake drugs, arrests 769 in largest-ever global crackdown
Go to video
Uganda's Museveni breaks African silence on Israel-Iran war
Go to video
Over 40 killed in attack on Sudanese hospital: WHO Chief condemns “Appalling” strike
Go to video
Angola’s Lourenço tells U.S : shift from aid to investment