Harry Clynch

Enfield, London

Freelance Journalist at Freelance

Features Editor @DisruptionBank. Finance & Business Correspondent @AfricanBizMag. Words in @spectator, @TheCriticMag, @AlMonitor, and others. COYS.

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Articles

Foreigners and companies to be allowed to buy property in Ethiopia

1 week ago | african.business | Harry Clynch

Ethiopia’s Council of Ministers has passed a draft law rescinding the country’s long-standing ban on foreign nationals or companies owning “immovable property,” a significant move towards establishing firm property rights that officials hope will unlock greater flows of foreign direct investment. Non-Ethiopian individuals and businesses have been banned from owning property, whether for personal or commercial use, since the country’s communist revolution of 1974.
African producers hope for boost from gold surge

1 week ago | african.business | Harry Clynch

The price of gold has hit record highs as global investors rotate out of the US dollar and into the “safe haven” commodity, raising hopes that Africa’s gold-exporters could see a boost to their economies. Gold is now trading at a historic high of around $3,350 per troy ounce and has strengthened by more than 25% since the start of the year. The price of gold appears to be benefiting from reduced confidence in the US dollar as a result of President Trump imposing sweeping universal tariffs.
New initiative aims to close Africa’s $80bn trade financing gap

1 week ago | african.business | Harry Clynch

Last year the African Development Bank (AfDB) released a report analysing Africa’s “trade finance gap”. This refers to the financial tools, such as letters of credit or guarantees, which businesses need to conduct cross-border trade – but which companies in Africa often struggle to access.
Macron unveils Madagascar deals to counter perception of decline

2 weeks ago | african.business | Harry Clynch

France’s President Emmanual Macron visited the East African island of Madagascar last week, announcing a range of investments and proposed economic partnerships as he seeks to bolster French influence in Africa at a time when it is coming under increased pressure.
Les économies africaines redoutent un nouveau choc

2 weeks ago | magazinedelafrique.com | Harry Clynch

Le régime tarifaire punitif du président américain, ainsi que l’incertitude quant à son ampleur, vont affecter les économies du continent, à des degrés divers. Le président américain Donald Trump n’a jamais caché son penchant pour les droits de douane, qu’il qualifie volontiers de « plus beau mot du dictionnaire ».
Trump’s tariff war brings pain to African economies

2 weeks ago | african.business | Harry Clynch

US President Donald Trump has made no secret of his fondness for tariffs – which he has frequently taken to branding “the most beautiful word in the dictionary.”It therefore could have come as no surprise to markets and policymakers when, speaking from the White House at the start of April, the President announced his “Liberation Day” measures imposing sweeping tariffs on countries around the world.
Les producteurs espèrent bénéficier de la flambée de l'or

2 weeks ago | magazinedelafrique.com | Harry Clynch

Le prix de l’or atteint des niveaux records alors que les investisseurs mondiaux se détournent du dollar pour se réfugier vers cette matière première « valeur refuge ». Un espoir pour les pays exportateurs d’or ? Le métal précieux se négocie actuellement à un niveau historique d’environ 3 300 dollars l’once, s’étant apprécié de plus de 25 % depuis le début de l’année.
Africa forges own AI path at Kigali summit

3 weeks ago | african.business | Harry Clynch

At the start of April, the Global AI Summit on Africa took place in Kigali. The event was hosted by Rwanda’s Centre for the Fourth Industrial Revolution (C4IR) and the Ministry of ICT and Innovation, in collaboration with the World Economic Forum. After the global Artificial Intelligence Action Summit, held in Paris in February, this Africa-specific event was billed as an opportunity for the continent to start hammering out its own approach to critical policy issues.
Grandes manœuvres navales entre l’Inde et l’Afrique

4 weeks ago | magazinedelafrique.com | Harry Clynch

Différents exercices navals s’inspirent de la volonté de l’Inde de s’engager avec l’Afrique en matière de sécurité et de faire progresser ses objectifs diplomatiques et économiques. Les plus grands exercices navals conjoints jamais organisés par l’Inde en Afrique se déroulent cette semaine dans l’océan Indien occidental, alors que New Delhi cherche à renforcer ses liens avec le continent.
India’s largest naval exercises with Africa flaunt expanded influence

4 weeks ago | african.business | Harry Clynch

India’s largest-ever joint naval exercises in Africa have taken place this week in the western Indian Ocean, as New Delhi seeks to build stronger ties with the continent. The six-day naval exercises are being co-hosted by Tanzania and include eight other countries which have coastlines on the Indian Ocean, including Kenya, Madagascar, Mauritius, and South Africa. The exercises will focus on counter-piracy operations as India seeks to position itself as the security partner of choice in the region.