insert_link Africa China reaps most of the benefits of its relationship with Africa: what’s behind the imbalance By Bhaso Ndzendze, University of Johannesburg The ninth Forum on China-Africa Cooperation in Beijing takes place under the theme of “Joining hands to advance modernisation and build a high-level China-Africa community with a shared future”. But how shared can that future be between the Asian economic giant and Africa? The eight summits since 2000 have not resulted in mutual gain, particularly in trade and industrialisation for Africa. China […] todaySeptember 2, 2024 15
insert_link Africa Africa’s new online foreign exchange system will enable cross-border payments in local currencies – what you need to know By Christopher Adam, University of Oxford The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has given birth to the Pan-African Payment and Settlement System which is scheduled to go live in 2024 under Kenya’s leadership. Development economist Christopher Adam, who has studied the exchange rate policies of […] todayNovember 28, 2023 14
