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Africa's Redemption
Africa is standing on the cusp of much-awaited change, its metamorphosis being driven largely by civil society. Whether domiciled within the continent or spread out in diaspora, young Africans across the world are developing a new-found love for their heritage, motherland and its blossoming yet somewhat troubled evolution.
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ASIAN CENTRAL BANKS OUTLOOK
Since the Federal Reserve raised U.S. rates for the third time in six months, Asian central banks have not blinked. Unlike in past Fed tightening cycles, Asia is much more reliant on China, Japan, South Korea than on the United States.
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An Intriguing Gulf Crisis
Bahrain, Saudi Arabia, the United Arab Emirates (UAE) and Egypt severed relations with Doha last week, accusing it of supporting Islamist militants and their arch-enemy Iran. Several other countries later followed suit. The recent dispute between Qatar and some of its neighbours is the most serious dispute among them in years, and has the potential to further destabilise an already turbulent region. But the crisis also presents a potential opportunity.
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Brexit: A Difficult Divorce with the EU
The U.K. has officially begun the formal process of leaving the European Union. It promises to be a messy breakup, with wrangling over shared assets, finances and the future of trade. Top EU negotiator, Michel Barnier, has warned that Britain faces severe disruption to air traffic, nuclear fuel shortages and delays in moving goods across the channel if an agreement on Brexit cannot be reached.
Kenya is Back in the Spotlight
Located on Africa’s east coast, Kenya has been labeled the “cradle of humanity”. From a young age, children’s eyes are open to the real world, where they are taught to stand on their own feet by making their own decisions to survive in the wild. The country has the potential to become one of the most prominent African success stories thanks to its new constitution, dynamic private sector and growing youthful population.
Morocco: The Future Gateway to Africa
Morocco’s steady growth and political stability represent major factors of the country’s growing influence in Africa. Since 1999, King Mohamed VI has initiated major political and economic changes with a focus on renewable energy and sustainable development.
Greece: The Achilles' Heel of the EU
Greece became the nucleus of Europe’s debt crisis following the implosion of Wall Street in 2008. Many mechanisms that EU members took for granted, and believed in, ended during the latest financial crisis.
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