After more than a decade of bailouts and painful austerity measures, the country has rebounded More than a decade after bailouts and austerity measures pulled Greece from the brink of bankruptcy and a eurozone exit, the country has rebounded and is on the cusp of regaining its investment-grade rating. S&P recently changed its outlook for …
Five ways Nigerian businesses navigate surging inflation
Businesses in Nigeria, especially fast-moving consumer goods (FMCG) firms, have devised several ways of attracting and retaining customers in the face of surging inflation. The country’s inflation rate, which has been at a 17-year high since July last year, has negatively impacted FMCG firms by increasing their cost of doing business and has also made …
The Buhari Legacy Series: Economic scorecard – Obasanjo, Jonathan outperform Buhari
“I’ll allow Nigerians to say it. I hope they’ll be fair to me. I want them to analyse how things were when we came in and how they are when we’re leaving.” President Muhammadu Buhari uttered those words last year when quizzed about his legacy. The government rode into power in 2015 on the change …
Judiciary on the spotlight as Ugandan tycoon Ham Kiggundu awaits judgment in DTB case
In any given society, once politicians and public servants start financially competing with the private business community, it compromises social-economic development and upward transformation of the society at large as they start using their positions to undermine all structures, systems and policies put in place to carry the nation forward. In March 2020, Ham Enterprises …
Building a Stronger Tanzania: President Samia Suluhu Hassan’s strategic investment moves
President Samia Suluhu Hassan is implementing strategic investment measures to revive Tanzania’s economy. As the first female President of Tanzania, she assumed office on March 19, 2021, following the passing of her controversial predecessor, President John Magufuli. Tanzania is a popular tourism destination in East Africa, with borders to eight other African countries and the …
These are the winners of the 2023 Mastercard Women SME Leaders Awards
Mastercard has announced the winners of its second edition of the Women SME Leaders Awards at a virtual ceremony, celebrating the achievements of women-led businesses in 22 categories across multiple industry sectors in Eastern Europe, the Middle East and Africa. Launched in 2022 in collaboration with Entrepreneur Middle East, the Mastercard Women SME Leaders Awards …
Betway empowers Lagos entrepreneurs with specialised kiosks and financial management training
Nigeria’s premium online and gaming brand, Betway, is making a significant impact on the lives of entrepreneurs and small business owners in Lagos. The brand has announced its support for 10 Fintech point of sale (POS) operators in the city with solar-powered kiosks to aid their businesses. This is part of the company’s commitment to …
Weekly Economic Index: Nigeria’s debt reduction plan, a new blockchain policy, and Kenya’s crypto tax.
A debt dilemma: Bonding over borrowing costs? Last week, Nigeria agreed to convert $4.9 billion of debt owed to the central bank into bonds as part of its plan to reduce the country’s debt burden. The move is expected to free up funds for infrastructure investment and help lower the government’s borrowing costs. The debt …
Funmi Tuoyo went from one nutty idea to a coconut village
If you thought coconuts were only good for sipping on a tropical beach, think again. Coconuts are one of the most versatile fruits in the world. There’s even a myth about coconut water being a substitute for blood plasma that started in the 1900s. In the twisted theory, it is said that coconut water has …
Nadia Gamal El-Din, an African business hero empowering mothers across North Africa.
Motherhood is a profession as old as creation. But many parts of the world still undervalue its strength today. In Egypt, for example, birth rates have been falling for years. As of 2020, there were approximately 23 births per 1000 people in a year. You might draw a straight line between this fact and how up …