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Real estate markets are, at their core, mirrors of the economies they sit within. In advanced economies, that mirror reflects a relatively stable image: steady credit markets, predictable consumer demand, mature institutions, and long-established urban growth patterns. But in developing countries like Uganda, the mirror behaves differently. It shifts quickly, exaggerates shocks, and amplifies every policy misstep, every currency wobble, and every change in global liquidity. This is a sector whose fortunes rise and fall not on neighbourhood gossip but on macroeconomic tides. “In Uganda, the macro is the weather system,” says Moses Lutalo, Managing Director of Broll Uganda. “It…
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A November 2025 RMB white paper titled Continent at a Crossroads has warned that Africa is entering a decisive decade. The choices governments, firms, and regional blocs make will determine whether the continent turns its advantages into broad prosperity or falls back into familiar traps. The study is grounded in 47 leadership interviews and a survey of more than 2,300 respondents. It frames Africa’s outlook through nine linked forces, from governance and integration to demographics, technology, and geopolitics. The paper’s most consistent finding is that governance is the single biggest constraint on Africa’s economic transformation. Interviewees repeatedly point to weak…
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When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address. As the Group Chief Executive Officer of Absa Group, one of Africa’s most influential financial institutions, he arrived with a message that felt both urgent and momentous. Africa, he argued, is standing at a rare inflexion point, one shaped by shifting global dynamics and the continent’s own emerging strengths. And if the room expected a predictable speech filled with familiar development clichés, they quickly realised they were in for something different. Fihla…
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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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Despite global economic uncertainty and geopolitical tensions, African CEOs are optimistic about their own organisations’ growth prospects. This is according to the KPMG 2025 Africa CEO Outlook Survey, which captures…
dfcu Bank has reaffirmed its commitment to transforming Africa’s trade landscape through inclusive financial solutions, policy advocacy, and ecosystem partnerships. Speaking as a keynote speaker at the high-level gathering, Annette…
The East African Community (EAC) will, for the first time, participate as an entity having its own stand at the International Tourism Bourse (ITB) – Berlin, the world’s largest tourism trade fair, from 4th to 6th March, 2025. Representing the region as a single tourism destination, the EAC will showcase its diverse attractions under the brand “Visit East Africa: Feel the Vibe.” The EAC Secretary General, Hon. Veronica Nduva observes that “this is part of the EAC’s efforts to position the region as a leading global tourism destination. The bloc aims to attract international tourists and investors by highlighting the…
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The quest for economic integration of Africa is finally here. The African Continental Free Trade Area (AfCFTA) represents a historic milestone in the economic integration of the African continent. The FTA which entered into force in May 2019, is poised to be among the world’s largest free trade areas in terms of participating countries. The FTA brings together a total of 55 countries and 8 Regional Economic Communities (RECs) and aims to create a single market for goods and services, facilitate the movement of capital and promote the free movement of people across the continent. Just like any economic integration,…
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Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate the settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS. The MoU was signed on Monday, 19 June 2023 during the opening ceremony of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana. The opening was honoured by the presence of H.E. Nana Akufo Addo, President of the Republic of Ghana and other African Heads of State, Professor Benedict Oramah, President of Afreximbank, H.E. Wamkele Mene, Secretary…
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It has been reported that the Rules of Origin (the “RO”), set forth in Annex 2 of the African Continental Free Trade Area Agreement (the “AfCFTA” and “Treaty,” respectively) and the accompanying Appendix IV constituting the tariff schedule (“Appendix IV”), are close to finalisation, bringing the trade pact’s signatory states a step closer to commercially meaningful trade. The Rules of Origin provide a framework for identifying products or components that are eligible for preferential market access. Under the Treaty, up to 97% of tariff lines are eligible for a gradual phase-out of customs duties. An eligible item that is wholly…
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