Can BRICS countries create a viable alternative to the US dollar? The current global financial crisis and divisive US foreign policy might explain why Brazil, Russia, India, China and South Africa have stepped up efforts to launch an alternative currency to the US dollar.
In this episode of Business Africa, we answer several questions, including what is needed to make this vision a reality, and the possible implications of this movement for African economies.
Ugandan skies at full capacity
Uganda’s Civil Aviation Authority says it has recorded an 87% recovery in passenger traffic at Entebbe International Airport, indicating the country is emerging from the post-pandemic slump.
African bonds: a credible alternative
African bond assets can be a credible alternative for investors looking to diversify their portfolios. Several African institutions are calling for a reform of the global financial architecture as an analysis of potential losses for US banks in 2022 shows that African bonds are a less risky alternative for investors.
