More states in Africa seem keen on joining the global Islamic finance sector, which is projected to be worth $2 trillion by the end of 2014. According to Moody’s Investors Service, global issuance of sovereign Islamic bonds – also known as “sukuk” – is expected to increase 30 percent in 2014 to reach $30 billion
South Africa
Economic Self-Reliance and Strategic Cooperation: 2014 BRICS Summit
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The recently completed annual BRICS (the collective name for Brazil, Russia, India, China and South Africa) summit generated three agreements which demonstrate the ongoing move towards self-reliance and strategic cooperation amongst emerging and developing economies.
The Agreement on the New Development Bank and the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement have…
The Role of Technology in Spreading Democracy
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Posted in Media, Internet, and Technology
In the past two decades, the spread of democracy has been one of the most important advances across the African continent. Since the 2008 launch of the website Ushahidi (the Swahili word for “testimony” or “witness”) which crowd-sourced and mapped user-generated reports of post-election violence in Kenya, technology has been playing an increasingly critical role…