The head of Milwaukee’s Omanhene Cocoa Bean Company says African markets present a huge export opportunity for Wisconsin businesses. Steve Wallace, the company’s president and founder, yesterday discussed demographic and social trends that make Africa such an attractive export destination during a virtual panel hosted by the Metropolitan Milwaukee Association of Commerce World Trade Association. “Africa is wide-open territory for the U.S. … it’s not...Read More
It’s one year into Google’s five-year, $1 billion plan to boost digital services across Africa, and on the heels of its latest investment — announcing South Africa as its first cloud region on the continent — the internet services giant also gave an update to lay out how it’s making good on its commitment. It has built infrastructure — a subsea cable — to position itself as a major...Read More
European leaders have been converging on Africa’s capital cities, eager to find alternatives to Russian natural gas — sparking hope among their counterparts in Africa that the invasion of Ukraine may tilt the scales in the continent’s unequal relationship with Europe, attracting a new wave of gas investments despite pressure to pivot to renewables. In September, Poland’s president arrived in Senegal in pursuit of gas...Read More
Africa’s creative industries have grown rapidly in recent years, as its music, films and fashion increasingly attract a global audience. The United Nations Conference on Trade and Development defines creative industries as comprising a wide range of areas: arts and crafts; audiovisual media (film and TV); design (architecture and fashion); new media (video games); performing arts (musical instruments); publishing (books, newspapers); and visual arts (photography sculpture). Cultural industries...Read More
Africa has long suffered from a risk perception gap – one of the main factors contributing to the continent’s estimated $200 billion trade and investment financing gap. More recently, the world has been hit with the Covid-19 pandemic, the war in Ukraine and the resultant global food and energy instability, coupled with soaring interest rates and debt sustainability tensions for African countries. These occurrences have exacerbated the...Read More
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