Zimbabwe Wants Diaspora Bond To Bail Out The Struggling Economy

June 20, 2015 Zimbabweans who left the country over the last decade to escape unemployment and world-record inflation are doing more than sustaining the Zimbabwean economy, according to a FinancialGazette report. They’ve become an important class of investor and the government wants them to contribute more to the country’s development. According to a WorldBank blog, 50 percent of all Zimbabwe’s professionals have

The stunning map of the most desirable products on Google

June 19, 2015 The cost estimation website Fixr.com recently revealed a study that could well break many myths. Based on suggestions from Google when looking how much a product or service in a given country, the website published a world map fun things that people look for in each country. Sometimes disturbing Research So, people

Why investors shouldn’t always ignore fragile states

June 17, 2015 Africa is experiencing fewer wars than it did two decades ago but conflict, insecurity and the fragility of states is still a major concern for business. Politically motivated instability can be seen in countries like Burundi, South Sudan, Mali, eastern DRC, Libya and Somalia, while Nigeria and Kenya are dealing with terrorist activities.

WHAT COULD HAPPEN IF NIGERIA IS EJECTED FROM THE JP MORGAN INDEX

June 17, 2015 JPMorgan has threatened to remove Nigeria from its Government Bond Index-Emerging Markets (GBI-EM) by the end of 2015 unless the Central Bank of Nigeria (CBN) restores liquidity to the foreign exchange market. “The key focus will be on consistency and observing a reliable record of liquidity, transparency and minimal hurdles for investors

Spotlight On Diezani Alison-Madueke, 1st Female OPEC President

June 17, 2015 Being a successful woman in a male-dominated sector is hard enough, but Diezani Alison-Madueke endured almost epic underdog status as Nigeria’s oil minister. She was accused of mismanagement, corruption, and lack of transparency, ThisDayLive reported. Nothing ever came of these accusations. In November 2014, Alison-Madueke blazed a new trail, going where no woman has been before. She

Opinion: Nigeria And South Africa Must Get The Relationship Right

June 16, 2015 Global and regional leaders deliberated on Africa’s economic future mostly through the lenses of its largest economies – Nigeria and South Africa — at the recently concluded World Economic Forum on Africa 2015, although Nigeria’s newly elected leaders were absent. …what both countries must do – together – is work harder on a

CAN MOBILE FINANCIAL SERVICES BRING AN END TO POVERTY?

June 16, 2015 People across the developing world are using cell phones to pay for everything from taxes to taxis. An estimated 2.5 billion adults do not have access to banks. Unsurprisingly, they are among the world’s most destitute: According to a report released by the World Bank and other development groups, about three out

Diaspora Community Online Business Platform Launches In Nigeria!

June 15, 2015 DiasporaConnex.com www.Diasporaconnex.com is proud to provide Nigerian businesses a unique opportunity to connect with a new and wider target audience of over 6 million Nigerians living in the diaspora. This platform offers an avenue to reach the Nigerian diaspora community, quickly, efficiently and at a very affordable cost. DiasporaConnex.com is a web-based community

Five Tips For Success By Africa’s Young Entrepreneurs

June 15, 2015 Being a young entrepreneur is difficult, no matter where you are from. But in Africa, the challenges are often far more emphasised. Resources, financing, mentorship and supporting services are even scarcer. Yet despite this, the continent’s youth unemployment is higher than elsewhere, and for many young Africans, entrepreneurship is less of a

Zimbabwe offers new exchange rate: $1 for 35,000,000,000,000,000 old dollars

June 12, 2015 Central bank discards local currency after years of hyperinflation which at one point reached 500,000,000,000% Zimbabweans will start exchanging “quadrillions” of local dollars for a few US dollars next week as President Robert Mugabe’s government discards its virtually worthless national currency. The southern African country started using foreign currencies including the US