How the coronavirus is impacting Egypt’s economic outlook

Egypt economic impact

Egypt has been identified as the origin of several coronavirus infections in other countries long before it confirmed its own cases. The country appears to have slowed down its initial response due to political necessity and in order to support the tourism sector, as well as its inadequate healthcare infrastructure. Regardless, the impact of the crisis on Egypt’s economy is inevitable. Political Instability So far, Egypt has imposed a nationwide overnight curfew and ban on public gatherings during the Muslim holy month of Ramadan. In this period, Muslims traditionally come…

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Bitcoin trading in emerging markets: going “crypto native”

handshake between 2 people in Lagos Nigeria

In one of my previous posts, I mentioned that emerging markets are more “bitcoin or crypto native“. And according to LocalBitcoins, 2018 was a great year for bitcoin trading especially in emerging economies – 4 out of the top 10 countries by bitcoin trading volume, were emerging markets. Here is a quick round-up of why Bitcoin (and other cryptocurrencies) are going big: 4th Place Venezuela: Bitcoin and Dash go head-to-head Venezuela is not an emerging market but I wanted to highlight why this South American country embraced cryptocurrencies so well.…

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Electric cars in Africa: this could happen sooner than we think

Coming back from a trip to East Africa two impressions and one conclusion stayed with me: for the first time in decades there will be a electricity surplus in East Africa and Kenyans are great innovators (Uber watch out!). The conclusion: There is a great opportunity for electric vehicles! Electricity Coming from a supposedly “green” Germany, that still generates around 40% of its power from coal – it struck me that East Africa is almost completely based on renewable power with a diversified base: hydro, geothermal, wind and solar resources.…

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How China and Brazil are investing in Africa

After the economic slow-down, inflation and recession – and perhaps, some most pessimistic might say, the eminent down-fall of BRICS, all eyes turn to Africa as the new best thing regarding investments. Brazil and China have already been investing heavily in Africa, but how and where these two countries are investing in the African continent are strikingly different. China has been investing in infrastructural development such as, building highways in Tanzania, financing electricity projects in Sub-Saharan Africa and constructing whole towns in Angola. Most recently, Ethiopia made the headlines as the first African Sub-Saharan…

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Blockchain-based land registries may help lift the poor out of poverty

Many developing countries don’t have a working system of tracking property rights, and what they do have can be fragile and incomplete. In Haiti, for instance, a large earthquake in 2010 destroyed all the municipal buildings that stored documents confirming many small farmers’ ownership of the land they worked. Even years later, many farmers didn’t have proof that they were landowners. People are still fighting over their land. This sort of problem – caused by natural disasters or not – is widespread, causing financial hardship for families in the developing…

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