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Helping Africa Embrace Sustainable Development and Business

Our planet’s resources aren’t infinite. Unsustainable production and consumption have endangered life on our planet and resulted in major economic and social costs. We as world citizens need to change our ways to ensure that we don’t deplete natural resources. Sustainable development meets the needs of the present without compromising the ability of future generations to …

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Business Opportunities in the Telecommunications Sector Open Up, Thanks to the Snowden Scandal

From June to August 2013, the Obama administration was shaken up by the revelations of Edward Snowden, who introduced the world to the extent of the National Security Agency’s (NSA’s) espionage activities. The NSA’s intelligence programs were originally created to collect information on individuals and groups suspected of terrorism. However, documents released by the former …

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Does the Future of Money Transfers in Africa Lie in Mobile Money?

The exaggerated cost of remittances, or sending money, has become a burden for sub-Saharan Africa and its people. In a report published in July 2014, the World Bank reported that the average total cost of transferring money to and within Africa was 11.01% of the amount sent in Q2 2014. The fees charged for remittances vary widely, depending …

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Africa Economic Growth: Looking Beyond the Big Numbers

Economic statistics and research from institutions like the World Bank or the International Monetary Fund (IMF) may be misleading for those who want to gain a realistic picture of the African market. While essential to capturing the overall trends of an economy, statistics and economic indicators such as gross domestic product (GDP) and consumer price index (CPI) …

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Japan Sets Its Sights on Africa

It had been some time since Japan was at the forefront of development in Africa.  Back nearly 25 years ago, Japan was the first Asian country to recognize the importance of Japanese-African economic cooperation by establishing the Tokyo International Conference on African Development (TICAD).  The conference was so successful in attracting international leaders and effecting change, that it has been …

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The Recent Oil Price Drop and The Subsequent Economic Crisis: A Lesson for African Countries

As the world is witnessing the plunge in oil prices to historical lows, amid the outbreak of the coronavirus that has been crippling major economies around the world, Africa’s big oil producers find themselves in an unprecedentedly precarious situation.Concerns over a price war between Russia and Saudi Arabia were almost put to rest in March, …

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