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1. Naira Gains as Nigeria Clears All $7 Billion Forex Backlog.

Author

Onu, Emele

Subjects
REMITTANCES, ELECTRONIC funds transfers, FOREIGN exchange, FOREIGN exchange market
Abstract

Nigeria's naira has experienced significant gains in both official and parallel markets after the Central Bank of Nigeria announced that it has cleared a backlog of unmet foreign-exchange obligations totaling $7 billion. This move is seen as a fulfillment of Governor Olayemi Cardoso's commitment to stabilize the market and restore investor confidence. The clearing of the backlog is expected to boost market confidence, strengthen the naira in the medium term, and contribute to a downward trajectory on inflation. Nigeria has faced foreign-exchange scarcity due to low crude production and a lack of economic diversification, leading to unmet obligations and a decline in investor interest. The government has implemented various measures to attract investors, including allowing the naira to trade more freely and introducing additional measures to address the backlog. These efforts have resulted in increased overseas remittances and foreign-investor portfolio asset purchases. The central bank is expected to announce further rate hikes to rein in the naira and inflation. [Extracted from the article]

Published
2024

2. Defining and assessing standards for community-smart consultation and consent in the context of land return.

Author

Luhula, Masalu and Hannay, Leslie

Subjects
LAND management, REAL property acquisition, FREE trade, COMMUNITY development
Abstract

Context and background A global land rush -driven by a variety of factors-is driving transformative change in African rural communities that depend on land for their livelihoods. This increased demand has resulted in the acquisition of large areas of land on the continent. While the pace and scale of land acquisition may be levelling off,1 in many cases, some or all of the land acquired by investors stands idle.2 Land return- in which a private company legally transfers all or part of its land holdings back to a community or government-is an emerging phenomenon that may be on the rise as companies seek to limit their exposure to risk, governments redesignate lands and communities push for the return of their land. Land return holds promise as a way to correct for overzealous and misguided land acquisition and historical injustices amidst a growing understanding of the value of land to communities. Goal and Objective Yet land return presents challenges, many of which may be unexpected. Though existing frameworks and guidelines regarding responsible investments require effective community consultation, there is less clarity and limited guidance on what risks, mitigation strategies, and tools are needed to safeguard the rights of communities in the context of land return. Methodology This paper brings forward experience from a recent land return process in Tanzania in which Landesa and its partners worked to identify and put into practice standards and approaches that protect community rights while supporting a company's efforts to comply with best practices, national and international requirements and expectations for responsible corporate practice. The tools and processes tested and shared through this project align with efforts to support implementation of the Acceleration of the African Continental Free Trade Areas (AfCFTA) and achieve the aspiration of the Africa We Want (Agenda 2063). Results: This paper highlights the importance of inclusive and transparent land governance practices by presenting a case study of Landesa's experience working with a forestry company to engage with communities and local land administration to understand needs and expectations around the companys intention to return approximately 14,000 hectares of land. The case study will highlight land return-related risks, present a model for community benefit sharing arrangements, and will share lessons learned, highlighting potential best practices that companies holding idle land might consider and employ to reallocate to landscarce communities. [ABSTRACT FROM AUTHOR]

Published
2024
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3. Worldwide news and comment.

Author

Evans-Reeves, Karen

Subjects
LABELING laws, FLAVORING essences, PRESS, ELECTRONIC cigarettes, GOVERNMENT regulation, LEGAL status of sales personnel, MARKETING, BUSINESS, TOBACCO products, SMOKING
Published
2022
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4. Zimbabwe Sells Gold Coins to Ease US Dollar in High Demand.

Author

Ndlovu, Ray

Subjects
GOLD coins, SUPPLY & demand, U.S. dollar, GOLD markets, COIN grading, PAPER money, NATIONAL currencies, INDUSTRIAL costs
Abstract

Keywords: %USD; AFRICA; ALLTOP; BASIC; BUSINESS; CMD; COS; FRX; GOV; GOVTOP; INDUSTRIES; MARKETS; METMNG; NORTHAM; US; WORLD EN %USD AFRICA ALLTOP BASIC BUSINESS CMD COS FRX GOV GOVTOP INDUSTRIES MARKETS METMNG NORTHAM US WORLD Zimbabwe's central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation's tumbling currency and offer an alternative to the US dollar. The coin forms part of measures to deal with a currency crisis that's seen the annual inflation rate jump to 192% in June and a sharp depreciation in the Zimbabwean dollar, which has lost more than two-thirds of its value against the dollar this year. [Extracted from the article]

Published
2022

5. MTN Share Sale Shows Nigeria Can Lure Young Crypto Buyers.

Author

Onu, Emele

Subjects
CRYPTOCURRENCIES, ECONOMIC forecasting, CRYPTOCURRENCY exchanges
Abstract

Keywords: MTN@SJ; NGXGROUPNL; AFRICA; ALLTOP; BNK; BUSINESS; COS; DIGITALCUR; FIN; INDUSTRIES; MARKETS; STK; TEC; TECSVC; TLS; TMT; WORLD EN MTN@SJ NGXGROUPNL AFRICA ALLTOP BNK BUSINESS COS DIGITALCUR FIN INDUSTRIES MARKETS STK TEC TECSVC TLS TMT WORLD (Bloomberg) -- Nigeria's main stock exchange plans to digitize the equity sales process so companies can attract younger buyers interested in cryptocurrencies and foreign assets rather than local public companies. The bourse plans to automate other procedures such as access to company information, engagement of market operators and resolution of complaints, according to Popoola. [Extracted from the article]

Published
2022

6. MTN Share Sale Shows Nigeria Bourse Can Lure Young Crypto Buyers.

Author

Onu, Emele

Subjects
STOCK exchanges, CRYPTOCURRENCIES, CRYPTOCURRENCY exchanges, ECONOMIC forecasting, INDIVIDUAL investors
Abstract

Keywords: MTN@SJ; NGXGROUPNL; AFRICA; ALLTOP; BNK; BUSINESS; COS; DIGITALCUR; FIN; INDUSTRIES; MARKETS; STK; TEC; TECSVC; TLS; TMT; WORLD EN MTN@SJ NGXGROUPNL AFRICA ALLTOP BNK BUSINESS COS DIGITALCUR FIN INDUSTRIES MARKETS STK TEC TECSVC TLS TMT WORLD (Bloomberg) - R7A679T0AFB7 (Bloomberg) - Nigeria's main stock exchange plans to digitize the equity sales process so companies can attract younger buyers interested in cryptocurrencies and foreign assets rather than local public companies. The bourse plans to automate other procedures such as access to company information, engagement of market operators and resolution of complaints, according to Popoola. [Extracted from the article]

Published
2022

8. Proceedings of the International Association for Development of the Information Society (IADIS) International Conferences on Educational Technologies (ICEduTech), Sustainability, Technology and Education (STE), Internet Technologies & Society (ITS), and Applied Management Advances in the 21st Century (AMA21) (Virtual, December 14-16, 2022)

Author

International Association for Development of the Information Society (IADIS), Piet Kommers, Tomayess Issa, Adriana Backx Noronha Viana, Theodora Issa, Pedro Isaías, Piet Kommers, Tomayess Issa, Adriana Backx Noronha Viana, Theodora Issa, Pedro Isaías, and International Association for Development of the Information Society (IADIS)

Abstract

These proceedings contain the papers and posters of the International Conferences on: Educational Technologies 2022 (ICEduTech 2022), Sustainability, Technology and Education 2022 (STE 2022), Internet Technologies & Society 2022 (ITS 2022), and Applied Management Advances in the 21st Century 2022 (AMA21 2022) held virtually, from December 14-16, 2022, and organized by the International Association for Development of the Information Society (IADIS). The International Conference on Educational Technologies 2022 (ICEduTech 2022) is the scientific conference addressing the real topics as seen by teachers, students, parents and school leaders. Topics for this conference were: (1) Education in Context; (2) Education as Professional Field; (3) Curricular Evolution; (4) Learner Orientation; (5) Integrating Educational Technologies; and (6) International Higher Education. The International Conference on Sustainability, Technology and Education 2022 (STE 2022) has the purpose to address the main issues which occur by evaluating the relationship between Sustainability, Education, and Technology. The main areas of interest for this conference are: (1) Sustainability and Leadership; (2) Sustainability and Green IT; and (3) Sustainability and Education. The International Conference on Internet Technologies & Society 2022 (ITS 2022) aims to address the main issues of concern within WWW/Internet as well as to assess the influence of Internet in the Information Society. Broad areas of interest are Internet Technologies, Information Management, e-Society and Digital Divide, e-Business/e-Commerce, e-Learning, New Media and e-Society, Digital Services in e-Society, e-Government/e-Governance and e-Health. The International Conference on Applied Management Advances in the 21st Century 2022 (AMA21 2022) seeks to provide a unique forum for presentation and discussion of the last research developments and solutions for the current issues of the world economy. Its core areas of interest are: (1) Managing with ICT; (2) E-Marketing & Digital Communication; (3) Digital Economy; (4) Entrepreneurship & Innovation; (5) Finances & Fintech; and (6) Teaching & Learning in Business. [Individual papers are indexed in ERIC.]

Published
2022

9. The curious case of domestic capitalists in Africa: towards a political economy of diversified business groups.

Author

Behuria, Pritish

Subjects
*INVESTORS, *BUSINESS & politics, *INDUSTRIAL policy, *GEOMETRIC shapes, *POLICY analysis
Abstract

Existing models of capitalist transformation have nearly always prioritised an analysis of domestic capital in shaping economic trajectories. Yet, even as industrial policy has been re-imagined in Africa, the potential contribution of domestic capital has remained marginal in academic analysis and policy discussions. The prevailing assumptions are that African capital is either non-existent or too weak to influence the policies of African governments. However, there is evidence within nascent literature that large African-owned businesses continue to influence the trajectory of capitalist transformation within their countries. This paper examines why the study of African capitalists – popular in the 1980s and 1990s – has remained dormant. This paper makes the case for analysing the politics driving the activity of large African-owned firms through researching the politics of diversified business groups (DBGs). Arguing that DBGs are the predominant form that large-scale domestic investment takes on the continent, the paper introduces an inductively-informed typology of African DBGs. The framework shows how domestic political economy (and the politics of state-business relations, in particular) shapes the form and trajectories of diversification of domestic business groups. [ABSTRACT FROM AUTHOR]

Published
2022
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10. Top-Performing South African Fund Rides Bet on Energy Stocks.

Author

Changole, Adelaide

Subjects
PETROLEUM sales & prices, STOCKS (Finance), COVID-19 pandemic, STOCK repurchasing, FREE cash flow
Abstract

R1MUEVT0G1LP (Bloomberg) -- South Africa's top-performing equity fund has reaped the benefit of a wager that battered stocks, particularly in the energy sector, would flourish as economies rebounded from the worst of the pandemic. Keywords: AFRICA; ALLTOP; BASIC; BUSINESS; CMD; CORONAVIR; COS; FIN; INDUSTRIES; MARKETS; METMNG; NRG; OIL; STK; WORLD; WWTOP; WWTOPEU EN AFRICA ALLTOP BASIC BUSINESS CMD CORONAVIR COS FIN INDUSTRIES MARKETS METMNG NRG OIL STK WORLD WWTOP WWTOPEU South Africa's top-performing equity fund has reaped the benefit of a wager that battered stocks, particularly in the energy sector, would flourish as economies rebounded from the worst of the pandemic. ALLTOP, BASIC, BUSINESS, CMD, CORONAVIR, COS, FIN, INDUSTRIES, MARKETS, METMNG, NRG, OIL, STK, WORLD, WWTOP, WWTOPEU, AFRICA. [Extracted from the article]

Published
2021

11. 'Settlers and comrades'. The variety of capitalism in South Africa, 1910–2016.

Author

Verhoef, Grietjie

Subjects
SELF-efficacy, CAPITALISM, BRITISH colonies, INDUSTRIAL minerals, BUSINESS development, SOCIAL workers
Abstract

The complexities of business in Africa are illustrated through the case study of economic and business development of the different countries. By the time decolonisation brushed across Africa from the late 1950s, South Africa enjoyed political independence under white rule, controlling a viable economy based on mineral and industrial capitalism. This article shows the change in a powerful state-capitalist nexus from mining to the industry to ethnic or race-based 'empowerment'. Contesting nationalisms between Afrikaners and loyal British imperial sympathisers, constituted the rationale for inward-looking economic policies for national economic development. The formation of unstable coalitions for market co-ordination managed market distortion to faci-litate the development of the leading modern industrial economy in Africa, while the rest of independent Africa experimented with central planning, socialism and state-capitalism. This study illustrates the peculiarity of capitalist development in Africa, specifically South Africa, considering the particular institutional contexts and broad business environment in which business acts strategically. South African business proactively engaged in a dynamic state/business relationship from national capitalism under minority rule, to an unstable balance of majority black capitalism, socialist worker welfare capitalism and tribal communalism. The manifestation of an unstable but unique state-business nexus involving market and non-market elements, adds innovation to the VoC framework. [ABSTRACT FROM AUTHOR]

Published
2021
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12. How to Sell 'Carbon Neutral' Fossil Fuel That Doesn't Exist.

Author

Stapczynski, Stephen, Rathi, Akshat, and Marawanyika, Godfrey

Subjects
CARBON offsetting, FOSSIL fuels, LIQUEFIED natural gas industry, LIQUEFIED natural gas, ENVIRONMENTAL protection, GREENHOUSE gases, FOSSIL fuel industries
Abstract

The trade was a "pioneering case in China's natural gas industry to explore carbon-neutral practices", Cnooc said in a press release announcing the LNG delivery from Total. The leader of South Pole, which helped develop the Zimbabwe project and sold its carbon credits to Total, doesn't believe forest protection can rectify pollution from natural gas. Keywords: 883@HK; RDSA@LN; TTE@FP; VRSK; AFRICA; ALLTOP; ALTNRG; BUSINESS; CLIMATE; CMD; COS; ELC; EUROPE; GEN; GOV; INDUSTRIES; MARKETS; NORTHAM; NRG; OIL; SCIENCE; TOP; US; UTI; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 883@HK RDSA@LN TTE@FP VRSK AFRICA ALLTOP ALTNRG BUSINESS CLIMATE CMD COS ELC EUROPE GEN GOV INDUSTRIES MARKETS NORTHAM NRG OIL SCIENCE TOP US UTI WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Energy companies are starting to pitch the idea that planet-warming natural gas can be erased by paying villagers to protect forests. Total had proposed the trade after learning a client had already purchased two carbon-neutral cargos from rivals at Royal Dutch Shell Plc, according to people with knowledge of the deal who asked not to be named discussing a private transaction. [Extracted from the article]

Published
2021

13. Crippled Africa Port Goes Manual as PE-Backed Software Is Shut.

Author

Njini, Felix

Subjects
PORT cities, FREIGHT forwarders, CYBERTERRORISM
Abstract

Keywords: 1007Z@SJ; 203615Z; AFRICA; ALLTOP; BASIC; BUSINESS; CMD; COS; GOV; INDUSTRIAL; INDUSTRIES; MARKETS; METMNG; SOF; TEC; TMT; TRN; WORLD EN 1007Z@SJ 203615Z AFRICA ALLTOP BASIC BUSINESS CMD COS GOV INDUSTRIAL INDUSTRIES MARKETS METMNG SOF TEC TMT TRN WORLD Transnet SOC Ltd., South Africa's state-owned ports and freight-rail company, is manually processing container shipments in the continent's biggest port after an alleged cyber attack crippled its computer systems. QWPCZEDWX2PY (Bloomberg) -- Transnet SOC Ltd., South Africa's state-owned ports and freight-rail company, is manually processing container shipments in the continent's biggest port after an alleged cyber attack crippled its computer systems. Transnet operates sub-Saharan Africa's largest port in Durban, and Richards Bay, the biggest single-site terminal for bulk shipments. [Extracted from the article]

Published
2021

14. South Africa Considering Payment of Relief Grant After Riots.

Author

Sguazzin, Antony

Subjects
RIOTS, PAYMENT, GRANTS (Money), COVID-19 pandemic
Abstract

AFRICA, ALLTOP, BUSINESS, COS, CST, ECOTOP, GEN, GOV, INDUSTRIAL, INDUSTRIES, WORLD, WWTOP, WWTOPEU Keywords: AFRICA; ALLTOP; BUSINESS; COS; CST; ECOTOP; GEN; GOV; INDUSTRIAL; INDUSTRIES; WORLD; WWTOP; WWTOPEU EN AFRICA ALLTOP BUSINESS COS CST ECOTOP GEN GOV INDUSTRIAL INDUSTRIES WORLD WWTOP WWTOPEU South African government, business and labor leaders are discussing the payment of a relief grant to alleviate suffering after the worst unrest since the end of apartheid. QWL055DWRGG5 (Bloomberg) -- South African government, business and labor leaders are discussing the payment of a relief grant to alleviate suffering after the worst unrest since the end of apartheid. [Extracted from the article]

Published
2021

15. Cameroon Sees 2021 Growth Coming Close to Pre-Pandemic Levels.

Author

Mieu, Baudelaire

Subjects
COVID-19 pandemic, ECONOMIC recovery
Abstract

QWC0X1T0AFB9 (Bloomberg) - Cameroon expects its economy to rebound this year, with the growth rate coming close to pre-pandemic levels. Keywords: 13347Z; 3091Z; NESN@SW; AFRICA; BON; BUSINESS; CMD; CONS; CONSS; COS; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; WORLD EN 13347Z 3091Z NESN@SW AFRICA BON BUSINESS CMD CONS CONSS COS FRX GLOBALMACR GOV INDUSTRIES MARKETS WORLD Cameroon expects its economy to rebound this year, with the growth rate coming close to pre-pandemic levels. [Extracted from the article]

Published
2021