Markets News 

How Africa is countering the US-China trade spat

“Mohamed was referring to a free trade agreement ranging across the African continent that is in the process of being implemented by the African Union” writes unknown author for cnbc.com. While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story.It is hoped that the African free trade agreement will increase business between countries on the continent, which currently stands at less than 20 percent. Source: cnbc.com Share This:

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South Africa’s anti-apartheid heroine Winnie Mandela laid to rest

“Madikizela-Mandela’s death on April 2 at the age of 81 after a long illness was met by an outpouring of emotion across the country, with the ruling African National Congress (ANC) and opposition parties holding memorials to remember her courage in the struggle to end white-minority rule” writes Reuters News Agency for telegraph.co.uk. “In death, she has demonstrated that our many differences along political party and racial lines and the numerous disputes we may have are eclipsed by our shared desire to follow her lead in building a just, equitable…

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Brokers News 

How economics can help solve South Africa’s crime problem

“South Africa is notorious for its high crime rate, a reflection of its economic inequality and racial tension” writes Sowetan Gallo Images for cnbc.com. Transforming society, empowering people and dealing with underlying poverty all must be considered in tackling South Africa’s crime, he added.”We can’t deal with crime as an isolated incident, we need to look at the totality,” Kingsley Makhubela, chief executive of the nation’s marketing platform Brand South Africa, said.However, there is an economic dimension to solving the problem, a prominent business voice in the country told CNBC…

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Crypto News 

Why cryptocurrencies could be the solution to Africa’s payments challe…

“And many cell phone owners take advantage of mobile money features” writes John Stevens for thenextweb.com. In fact, Gabon, Ghana, Kenya, Namibia, Tanzania, Uganda, and Zimbabwe now have more than 40 percent of adults as active mobile money users, according to the GSM Association.BitMinutes is a blockchain-powered P2P payment service with features similar to Venmo.There is a genuine need for a secure way to make digital payments and loans for small transactions.However, one area where technology has the potential to help those living in underdeveloped parts of the globe is…

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Devin Nunes wants to investigate China’s rapidly growing might in Africa to see how it will impact America’s global trade

“REUTERS/Christopher Herwi WASHINGTON (Reuters) – U.S. House Intelligence Committee Chairman Devin Nunes said his committee will investigate China’s efforts to gain military and economic power in Africa” writes Joel Schectman for businessinsider.com. Political influence in a country at the entrance of the Red Sea, a major artery for global shipping, gives Beijing great power over world trade, Nunes said.”They can effectively cut off world trade if they want to,” he said.The California Republican told “Sunday Morning Futures with Maria Bartiromo” that China’s investment in African countries would allow Beijing to…

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Africa is on the verge of forming the largest free trade area since the World Trade Organization

“African heads of state have gathered in Kigali, Rwanda, to sign a free trade agreement that would result in the largest free trade area in terms of participating countries since the formation of the World Trade Organization” writes Minasse Wondimu Hailu for cnbc.com. Leaders are poised to approve the African Continental Free Trade Area, a deal that will unite the 55 member countries of the African Union in tariff-free trade.The agreement is touted by the African Union as encompassing a market of 1.2 billion people, and a gross domestic product…

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Deadly listeria could herald tighter food safety rules in South Africa

“We also have a situation where the control and food safety assurance within the production environment is probably not yet where it should be,” he said” writes Midwest Communications Inc for 95kqds.com. “This could be the crisis that will finally make at least South Africa – and possibly the whole of Africa – realize the importance of food safety and food-borne diseases and the need to invest in improving things.”.  Source: 95kqds.com Share This:

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South Africa antitrust watchdog charges Takata with price fixing

“FILE PHOTO: A woman stands next to a logo of Takata Corp at a showroom for vehicles in Tokyo Thomson Reuters JOHANNESBURG (Reuters) – South African competition watchdog charged Takata Corp with price fixing on Wednesday, another blow to the Japanese auto safety products maker in the throes of a massive airbag scandal” reports businessinsider.com. The Competition Commission said Takata worked with other firms to fix prices, divide the market and collude in their bidding for four different seat belts and airbags contracts with as three auto makers.The Commission said…

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Markets News 

Uber Eats will expand to 100 new cities in Europe, the Middle East and Africa in 2018

“Uber Eats is pushing its international growth with a sizeable expansion across EMEA markets today” writes Hours Ago Darrell for techcrunch.com. Already, Uber Eats reaches customers in over 200 cites globally, and in fact it operates in some markets where the ride-hailing side of Uber’s operations either has a minimal presence or doesn’t even yet have a footprint.The push to launch more Uber Eats markets might be part of Uber’s efforts to turn its organization into a more fiscally responsible entity ahead of a potential IPO. Uber has said that…

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South African triathlete severely injured in saw attack

“JOHANNESBURG (AP) Assailants in South Africa attacked a top national triathlete who was cycling to a training session and cut into his legs with a blunt saw, causing severe injuries, an athletic director said Wednesday” reports foxsports.com. South Africa’s deputy sports minister, Gert Oosthuizen, described the attack on the ”star athlete” as ”totally unacceptable” and said police are investigating. Source: foxsports.com Share This:

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