In a previous post, I highlighted the African Continental Free-Trade Agreement (AfCFTA) that’s set to increase intra-trade on the continent by 6% by 2034, create an economic bloc of $3.4 trillion, and lift 30 million Africans out of extreme poverty. And a recent trade deal between the Democratic Republic of Congo (DRC) and Rwanda gives…
Tag: Economics
Nigeria’s eNaira Currency
Nigeria has become the first African country to launch its own digital currency: the eNaira. According to Africa News, Nigeria is the most populous country on the continent and has the largest economy. The new digital currency will improve cross-border trade, push financial inclusion for those outside the formal economy, and increase remittances. Nigerian President…
Queen Elizabeth II to be Removed from Bahamian 100 Dollar Bill
The Bahamian government is removing the image of Queen Elizabeth II from their 100 dollar bill and replacing it with former governor-general Arthur Dion Hanna, who recently passed. According to Loop Caribbean News, Prime Minister Dr. Hubert Minnis recently made this announcement and was supported by Opposition Leader Philip Brave Davis and AD Hanna’s family….
British Millionaire Refuses to Pay Reparations
Shout out to Political commentator Tierney Sheree (Afrikan Esq.) for spotlighting the following story, by way Face2Face Africa. Member of Parliament of the United Kingdom Richard Drax and his family, owners of a sugar plantation in Barbados that enslaved Africans during the Transatlantic Slave Trade, are being asked to pay reparations. Built around 1650, Drax…
Trade War Between Ghana and Nigeria
South African Political icon Julius Sello Malema has been open with the xenophobic issues on the continent. And a recent news article supports why this problem needs to cease. The following information is from Africa News. After the closing of several Nigerian shops in Ghana, Nigerian traders are accusing local authorities in Ghana of discrimination,…
The U.S. Proposes to Remove Sudan from Terrorist List for Payment
There’s some interesting news coming out of Sudan, and I had to share it. The following information is from The Guardian. The United States is proposing removing Sudan from its terrorist list in exchange for a $330 million payment to American victims of al-Qaida. Sudan, who has been on the list since 1993, was found…
Zambian President Asks China For Debt Forgiveness
Africa’s dependence on China is why they receive so much disrespect from nationals. And recent news coming out of Zambia further supports this problem. The following information is from The China Africa Project. A spokesman for Zambia’s president, Edgar Lungu, released a statement advising that the president asked for Zambia’s debt to be canceled. It…
The African Development Bank Group
In a recent news broadcast, Dr. Mumbi Seraki highlighted The African Development Bank Group (AfDB), and this prompted me to do further research. Founded in 1964, the African Development Bank Group (AfDB) is a regional, multilateral development finance institution established to push sustainable economic development and social progress in Africa’s regional member countries (RMCs). Their…
Book Review
Greetings Everyone, I just finished reading Wealth Over Riches: Escaping the Paycheck to Paycheck Cycle, and I wanted to share my thoughts. Many often opt to use the education loophole to withdraw money from an IRA or Roth IRA to help pay for their children’s education. Again, I highly recommend using retirement withdrawals only for…
Ghana Sets Up Bond for the Diaspora
Greetings Folks, In a previous post, I addressed the hundreds of African Americans and Afro-Caribbeans who were granted citizenship to Ghana for the “Year of Return.” Well, I came across some additional news that’s tied to that. The following information comes out of Face2Face Africa and Business Ghana. Ghana will offer a $3 billion bond…
Dialogue With Dads: Financial Literacy
Greetings Everyone, Black Fathers Rock recently hosted another “Dialogue with Dads” forum, and it turned out to be a success. As I stated in a previous post, the purpose of this forum is to create a safe space for Black fathers (Black men in general) to come together and discuss things happening in our community, business…
The Racial Wealth Gap in America
I’ve been listening to a few conversations on wealth inequality here in America and decided to do some further research. Professor William Darity Jr. has been my go-to scholar on the subject, and I recently came across his break down from the Samuel DuBois Cook Center on Social Equity. It’s been advised that although Blacks constitute…
HONEST MEDIA 