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NEWS

Digital Currencies – the Fall of FTX

Dec 5, 2022 |

FTX was Becoming a Force for Normalizing Cryptocurrencies in Africa, but it has now left a trail of losses for companies and individuals. EFA believes that Africa’s financial regulators will sense an opportunity to place…

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A Platform to Strengthen Venture Capital Ecosystems in Africa

Dec 5, 2022 |

The IFC’s new US$225m platform aims to strengthen the regions’ nascent venture capital markets, which have demonstrated early growth potential but face challenging global economic conditions. IFC will make equity…

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Jumia Drops Fast Delivery Promise in Some Countries

Dec 5, 2022 |

Jumia reported $50.5m in revenue for this year’s third quarter with declining operating losses (33%) and increasing gross profit (29%) compared to last year, while active customers and the value…

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UNCTAD Urges Civil Society to Ensure Safety of Consumer Goods and EFSA’s Support for GS1

Dec 5, 2022 |

Consumers have the right to safe products but this right is constantly under threat. In the EU alone, unsafe products cause accidents and losses estimated at $34.4bn per year, according…

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African LDCs account for only 1.3% of Global Manufacturing

Dec 5, 2022 |

Despite comprising 15%  of total land area and nearly 14% of the world population, the Least Developed Countries (LDCs) in Africa account for only 1.3% of global Gross Domestic Product (GDP), 1.2% of industry value added…

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