Business

Ten African Countries with the Strongest Currencies

By African Exponent Africa may not be one of the wealthiest continents in the world because of how much disenfranchisement and colonialism the continent has faced. However, many post-independence countries have worked hard to restore and create valuable economies that can stand alongside some of the strongest and oldest currencies globally. Below is the top

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UK inflation hits decade high ahead of central bank meeting

A woman wears a face mask while walking crossing a road outside the Bank of England, in the financial district, known as The City, in London, Monday, Dec. 13, 2021. While many people will re-start working from home, the British government raised the country’s official coronavirus threat level on Sunday, warning the rapid spread of

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Bitcoin could become ‘worthless’, Bank of England warns

Provided by The Guardian Illustration: Dado Ruvić/Reuters The Guardian By Richard Partington The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything. In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth

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Taiwan loses diplomatic ally Nicaragua to China

In this photo released by China’s Xinhua News Agency, representatives Laureano Ortega Murillo, son of and advisor to Nicaraguan President Daniel Ortega, left, and Chinese Vice Foreign Minister Ma Zhaoxu display their jointly signed communique on the resumption of diplomatic relations between the two countries in northern China’s Tianjin Municipality, Friday, Dec. 10, 2021. Taiwan

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Kenya paid China Sh29bn to ease debt repayment standoff

President Uhuru Kenyatta and Chinese President Xi Jinping at the Hanque Square, Beijing, China. By Business Daily Africa Kenya wired Sh29.86 billion to China in the quarter to September 2021 to ease a standoff over debt repayments that delayed disbursements to projects funded by Chinese loans. Treasury documents reveal that Kenya paid the billions in

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Turkey, Qatar sign 15 new agreements to develop bilateral ties

By Anadolu Agency Agreements cover various areas including trade, investment, development, culture, diplomacy, health Turkey and Qatar on Tuesday signed 15 new agreements to boost the cooperation between the two countries. Turkish President Recep Tayyip Erdogan and Qatari Emir Sheikh Tamim bin Hamad Al Thani participated the signing ceremony of 12 of the agreements on

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Turkish lira flirts with record low as Doha eyes trouble

Credit to Photo Anadolu Agency. By Reuters The Turkish lira briefly slid 1% on Monday, again nearing record lows touched last week as concerns persisted over President Tayyip Erdogan’s rate-cutting drive and Qatar said it was keeping an eye on its ally’s economic troubles. In Doha, Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani said Qatar

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World arms sales hit $531B in 2020

By Anadolu Agency Accounting for 54% of top 100’s total arms sales, US companies continue to dominate ranking Marking the sixth consecutive year of growth, sales by the world’s top 100 arms producers reached $531 billion in 2020 with the US taking a 54% share, according to an international think tank on Monday. Sales of

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Bitcoin falls by a fifth, cryptos see $1 bln worth liquidated

File Photo: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo By Reuters Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12% down

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Top 10 Most Performing Presidents in Africa 2021

Credit to Photo Facebook/President of Mauritius – Prithvirajsing Roopun. By African Exponent The continent of Africa is still at its infancy in terms of development. The wholesome performance of a country in terms of its national growth and development reflects the good governance tendencies of its President, the leader of the nation. Critical indicators determine

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