On June 27, the ATM turns 50. Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking.” But today, the cash that ATMs…
The countries of Sub-Saharan Africa have reached a critical juncture. Strained by a collapse in commodity prices and China’s economic slowdown, the region’s growth slipped to 3.4% in 2015 –…
There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate…
During the independence struggle, leaders like Ghana’s Kwame Nkrumah argued that Africa could only rid itself of the scourges of slavery, colonialism, imperialism and racism as a single united entity.…
The World Bank’s relationship with US president Donald Trump has raised concerns about its political neutrality in recent weeks, but a larger and potentially much more important shift in how…
Tax evasion benefits individuals to the detriment of society, wiping out state services. It also hampers the achievement of the eight United Nations millennium development goals (MDGs), which were designed…
South Africa’s latest unemployment figures make for sombre reading. While official unemployment is now 27.7 percent, the most affected group are young people under the age of 35 with a…
After accepting his nomination as the presidential candidate of the main opposition coalition recently, Raila Odinga likened himself to Joshua, the biblical figure who led the Jews to the Promised…
The smuggling, dilution and adulteration of fuel is a pervasive and persistent threat to the energy sector in many countries around the world, raising the bar for governments and the…
There is hardly an organisation in the world – big or small – that doesn’t have to adapt to changing circumstances. The pace of development in technology, the quick pace…
Recent years have seen the international business community look to the promise of growth through doing business in Africa, the world’s last frontier for the development of new business opportunities.…
In proud cheers, Kenyans witnessed the birth of a millennium railway project that will transform their lives. And once again, China has proved itself a true and capable friend behind…
Nigeria’s economy has spent much of 2016 in recession for the first time in over two decades. Unsurprisingly there has been speculation about the strength of its banking system. Non-performing…
Botswana will on 01 June 2017, make effective the Tourism Development Levy, that will levied to all Non-SADC visitors. The USD30 will accrue an estimated USD 5,7 million at ports…