Good Morning Africa

🎙 Understanding the real estate market, players and why the property index is invaluable. 🎙Bitcoin (BTC) crossed $46,000 early Friday, as the CoinDesk 20 Index (CD20) jumped over 2%. Bitcoin is said to rise as much as $48,000 in the coming days, predicting a gain of at least 11%. 🎙UNCTAD urges urgent reform in global debt architecture as external debt hits $11.4 trillion, draining resources for de...

🎙  Meet Jackie Kirabo: Co-Founder of Nate Nutrition Specialists 🎙The JSE All Share index was down on Thursday, trading below 74,100. 🎙The annual urban inflation rate in Egypt eased for the fourth consecutive month to 29.8% from 33.7% in December, falling below market expectations of 32.5%. 🎙Tanzania's annual inflation rate stood at a three-year low of 3% in January 2024.

🎙 What are the reasons and outcomes of the forex exchange shortages in Africa? 🎙South Africa's gross foreign exchange reserves fell to $61.188 billion in January 2024, down from a record high of $62.518 billion in the previous month. 🎙The Central Bank of Kenya raised its benchmark rate by 50 bps to 13% at its meeting on February 6th 2024, following a massive 200 bps hike in December. 🎙Kenya a...

🎙The immense pressure interest rates have on private sector credit demand and how African countries use land as an asset vs active investments in stock portfolios. 🎙MTN and Mastercard have signed a definitive agreement for a minority investment of up to $ 200 million into MTN Group Fintech at a valuation of $ 5.2 billion on a cash and debt-free basis. 🎙The Nafex exchange rate is trading above N1,4...

🎙 Future-proofing of Global supply chains and why politics should be left out. 🎙 The JSE All Share index hovered just below the flatline around 74,320. 🎙The S&P Global Ghana PMI dropped to 48.4 in January 2024, down from a four-month high of 51.8 in December. 🎙The Stanbic Bank Zambia PMI dropped to 49.2 in January 2024 from 49.6 in the previous month. 🎙The Standard Bank Mozambique PMI shrank t...

🎙 How can leaders mitigate the debt-servicing burden to preserve economic stability and a return to growth? 🎙The FAO Food Price Index fell for a sixth consecutive month to 118 index points. 🎙Kenya approved a secondary bond trading outside the NSE to enhance competitiveness in the country's capital markets, accounting for a Sh 734 billion annual bond turnover. 🎙The upstream industry hopes 2024...

🎙 What is the role of infrastructure corridors and their means for trade and agriculture? 🎙Nigeria’s naira dropped to a record low against the dollar as low as 1,531 to the dollar on Tuesday, closing at 1,482.57 naira on the official market. 🎙The exit of Burkina Faso, Mali and Niger from the Economic Community of West African States (ECOWAS) could hinder the bloc’s economic growth, 🎙The Central Ba...

🎙As adoption accelerates, the need to bridge the gap between AI’s potential and practical implementation has been brought to the forefront. Can AI aid in the achievement of SDGs? 🎙Oil prices fluctuated, with WTI crude futures falling below $76.7 per barrel after a 1.5% increase to three-month highs above $79. 🎙Global economic growth is expected to be subdued, if not stagnant, this year, with trade...

🎙Why is America invested in the security in the Sahel and development prospects of Africa? 🎙Nigerian stocks extended gains for the 13th straight session on Monday, reaching a new record high of 105,006. 🎙The JSE All Share index was slightly down around 74,805 on Monday. 🎙The Bank of Ghana slashed its benchmark monetary policy rate by 100 bps to 29%. The International Monetary Fund agreed on Jan. 1...

🎙Uneven exposure to AI and the ability to harness its unique benefits will hamper progress in vital sectors and regions. As adoption accelerates, there is an urgent need to bridge the gap between AI’s potential and practical implementation. What does it take to ensure equal access to AI? 🎙CBN clears $2 billion forex debts and aids major sectors: manufacturing, aviation, petroleum. $61.64 million t...

🎙Greenhouse gas emissions rise; national pledges fall short of 2°C goal from 2015 Paris agreement, lacking 1.5°C ambition. 🎙PPC International Holdings has disposed of its 51% shareholding in Cimerwa for $ 42.5 million. 🎙The South African Reserve Bank unanimously decided to keep its key repo rate at 8.25%. 🎙The annual inflation rate in Zambia continued to climb for the seventh month to 13.2%, up fr...

🎙A quarter of global jobs face disruption, both growth and decline due to geo-economic, technological and green transition trends in the next five years.  🎙Nigerian stocks crossed 100,000 points for the first time on Wednesday, reaching a new record high of 101,571. 🎙 Stock investors at the Nairobi Securities Exchange (NSE) lost at least Sh530 billion in paper wealth last year on capital flight as...

🎙 Danish shipping and logistics company has suspended all sailings through the Red Sea until further notice following an attack and small boat swarm by Yemen's Houthi Group on December 30.  🎙Nigerian stocks continue to rise for the eighth consecutive session on Monday, reaching a new record high of 96,307. 🎙Opec+ reports a fall in Algerian oil production in December of 4.6% compared to the pr...

🎙 The Chinese Foreign Minister Wang Yi is making the annual African tour.  The focal point of this year's tour is Security to bolster Chinese influence on the continent, promoting cooperation and development.  🎙NSE All Share Index gained 28.8% in the last 12 months and increased 79.75% to 96251.00 Index Points. 🎙The JSE All Share index was slightly down around 72,365 on Monday.  🎙Oil eased to...

🎙What trade-offs and dilemmas will countries face as they seek to leverage the right economic tools and ensure sustainable, long-term growth?  🎙Nigeria's oil production recovered last month, with oil output increasing by 7.1% m/m to an average of 1.35 million barrels per day (bpd) in 2023 and is forecasting oil output to rise to an average of 1.4 million bpd in 2024. 🎙Africa will be the world...

🎙We need to strengthen multilateral organisations in order to solve global challenges by working together. 🎙Nigerian stocks extended gains for the fifth straight session, reaching a fresh all-time high of 90,233. 🎙The JSE All Share index fell more than 1% towards the 72,000.  🎙African business leaders anticipate 2024 growth, driven by tech investments and regional trade boosts, despite inflation a...

🎙The Importance of the World Economic Forum. 🎙Nigerian stocks rose over 3% to touch a new peak of 87,532 extending gains for the fourth straight session. 🎙The Central Bank of Kenya (CBK) reported the local currency trading at 160.23 units against the USD, compared to 159.85 end of last week.  🎙 Shell has agreed to sell its Nigerian onshore oil and gas subsidiary to a consortium of five mostly loca...

🎙Global growth slows to 2.4% from 2.6% in 2023 and is expected to marginally rise to 2.7% in 2025. 🎙Gold rises to $2,050/ounce amidst Middle East tensions and unexpected US producer price decline. 🎙The JSE All Share index was slightly down around 74,000 🎙The International Monetary Fund predicts a ‘soft landing’ scenario in 2024 for the global economy.

🎙Why are women-owned businesses in Uganda plagued by high mortality rates? 🎙Senegal's annual inflation rate continued its downward trend, reaching 0.8% from 0.9% in the prior month. 🎙Global airlines project $25.7 billion in profits, supported by 4.7 billion travellers, cargo growth etc. 🎙Africa's shared mobility market, worth $4.2 billion, is set to double by 2030 to $ 7.8 billion, creat...

🎙 Meet Sharon Ireeta CEO of Nkwanzi Travel 🎙Bitcoin rises above 47K after US SEC approves first spot bitcoin exchange-traded funds. 🎙Kenyan startups dominate African venture capital, raising $800M in 2023, surpassing Egypt, Nigeria, and South Africa.

🎙Understanding economic and financial risks of climate change, crafting sound policies, and financing the transition effectively. 🎙The JSE All Share index remained close to the flatline, hovering at 73,845. 🎙Egypt's urban inflation eased for the third month at 33.7% from 34.6%, slightly above market expectations of 33.4%. 🎙Rwanda's annual inflation rate declined for the third consecutive...

🎙Can Ghana's expected $1.15 billion funding sustain falling interest rates amid election-year economic challenges? 🎙Nigerian stocks rose 0.7% to hit a fresh record high of 80,252 on Monday, marking the fifth straight session of gains in 2024. 🎙Tanzania's annual inflation rate reduced to 3% from 3.2% the previous month. 🎙IMF approves $60.7 million disbursement to Mozambique, completing a...

🎙How can African nations drive industrialization by investing in high-value sectors, developing regional value chains, and adopting flexible policies? 🎙South Africa's gross foreign exchange reserves hit a record high of $62.518 billion in December 2023, rising from $61.721 billion in the preceding month. 🎙Egypt's current account deficit narrowed by 12.1% to USD 2.8 billion in Q3 2023, do...

🎙COP28 concludes with a landmark 'loss and damage' fund, though funding falls short. Major deals benefit African nations, a highlight. 🎙Bitcoin soars to 20-month high at $42,000, doubling in 2023 amid cooling inflation and SEC's awaited approval for ETF. 🎙Namibia's annual economic growth rose to 7.2% in the third quarter of 2023 after an upwardly revised 5.5% rise in the previo...

🎙 African nations grapple with pandemic fallout, geopolitical tensions, and supply chain disruptions, leading to economic crises, defaults, and uncertainty. 🎙The JSE All Share index was slightly up around 74,045 on Tuesday. 🎙EAC and TradeMark Africa unveil a game-changing app to eliminate non-tariff barriers, revolutionizing cross-border trade in East Africa. 🎙According to a report by Unctad, glob...