Friday, August 15: Top 10 Business & Finance Must Reads


1. US-Africa Summit Makes Progress In Expanding Trade Relationships

CNBC Africa covered the US-Africa Summit extensively. Here's a look at highlights as well as some understanding of the potential impact of trade relations between the country and Africa. 

Source: CNBC Africa

2. Do the Brics Need Their Own Development Bank?

The recent announcement of a BRICS bank has been met with mixed commentary. Does dissatisfaction with major financial institutions such as the World Bank and the IMF warrant the creation of the bank?
Source: The Guardian

3. The Nigerian Industrial Quintet

An in-depth look at Nigeria, Africa's largest economy and the sixth-largest oil producer. Find out which companies are helping growth despite violence.
Source: OZY

4. Remittance Services Costing African Migrants in US

It is no secret a large portion of Africa's wealth is due to diaspora remittances, but can the rising cost of money transferring services hurt the flow of funds from the US to the continent?
Source: BBC

5. Agriculture: Farming Zones to Fight Rising Imports

Learn more about the agriculture and trade policies hindering growth in the Central African region.  
Source: The Africa Report

6. Obama's Africa Summit: Too Little, Too Late?

Was last week's summit was a belated effort for the US and the Obama administration? This writer takes a look at Africa's business landscape.  

Source: Al Jazeera

7. China, US Both Rivals and Partners for Slices of African Pie

Conversations surrounding the US heightened interest in Africa have been met with skepticism because of China's presence on the continent.
Source: How We Made It In Africa

8. Bitcoin in Africa: Leapfrogging the Currency Market?

Learn more about the recent launch of the bitcoin remittance service, and why there is excitement surrounding the technology's use on the continent.  
Source: This Is Africa Online

9. Ghana’s Cocoa Farmers Turn to Smuggling as Profits Dwindle

Why Ghana's cocoa farmers are going around high trade costs to sell their goods through illegal networks in Cote d'Ivoire.

Source: The Guardian

10. Illicit Outflows from Africa ‘Mostly From Extractive Industries’

The African Union chairperson spoke to business leaders saying the industries in need of  natural resources such as metals and minerals, are responsible for the outflow of illicit funds from the continent.
Source: Business Day