In the eyes of Rukky Ladoja, waste is a terrible thing, and she prides herself on having created a Nigerian fashion brand that keeps it to an absolute minimum. This focus on the practical extends to her designs, and consumers are loving it, having catapulted her company, Dye Lab, to new heights. While Dye Lab…
Category: markets
How private investors can access offshore equity and commodity markets safely
Structured products enable diversification into offshore markets while controlling risk. Any investor worth their salt understands the importance of diversification, particularly in a contemporary economic environment characterised by such volatility and uncertainty. Spreading investments across industries, asset classes and geographies is a key component of risk reduction in an investment portfolio, as should one investment…
The Unintended Consequence of Lusaka’s Decision to Allow Partial Withdrawal of Pensions
Zambia’s pension authority has paid $300million to people who have taken up the option of cashing out 20% of their pension savings, following a law passed on April 17. But the withdrawal spree could hurt the Zambian government’s ability to raise money from its domestic market, Bloomberg reports, as a third of pension fund investments…
Bybit Receives In-Principle Approval to Operate in Kazakhstan
ASTANA, Kazakhstan, 29 May 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets. The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion…
Stop dumping your cast-offs on us, Ghanaian clothes traders tell EU
A group of secondhand clothes dealers from Ghana have visited Brussels to lobby for Europe-wide legislation to compel the fashion industry to help address the “environmental catastrophe” of dumping vast amounts of textiles in the west African country.The traders from Kantamanto in Accra, one of the world’s largest secondhand clothing markets, met Alice Bah Kuhnke,…
Standard Bank
Standard Bank has been named as most admired financial services brand, as announced by Brand Africa in the release of its latest research and rankings. Standard Bank was crowned ahead of its competitors in a specific category ranking of the Top 25 financial services brands on the continent jumping from its 6th ranking position in 2022.…
The Guardian view on Sudan’s civilians: important, not incidental
When foreign diplomats fled Sudan as fighting engulfed Khartoum, some denied Sudanese civilians the means to follow them to safety. American and French staff shredded passports handed in by those seeking visas, to ensure they did not fall into the wrong hands. Others simply left them locked inside abandoned embassies.This speaks to the disregard shown…
Africa: Resilience in the private equity market
By Angela Simpson and Lydia Shadrach-Razzino, Partners and Co-heads of the Corporate/M&A Practice, Baker McKenzie Johannesburg Private markets in sub-Saharan Africa (SSA) have seen a continuous rise in activity since the COVID 19 pandemic. The latest AVCA Private Capital Activity Report 2022 revealed that USD 7.6 billion of private capital was invested in 2022, resulting in a…
Africa’s Media and Entertainment Flourishing with the Help of African Content Creators
The African media and entertainment sector is rarely brought into the discussion of worldwide markets, despite its revenue increase in the past years. According to Statista, internet users in Africa are mainly interested in social apps, casual games and entertainment. TikTok and Netflix are the first customer choices regarding video and movie watching. Considering the…
IMF Calls on African Nations’ Creditors to Step Up Debt Relief Efforts
The head of the IMF’s Africa department has called for a significant increase in international support to help countries overcome a funding squeeze that is jeopardising the continent’s economic development. Abebe Selassie told the Financial Times that reform of the current mechanisms for dealing with unsustainable debts of African countries was “desperately needed”. Many have…