South Korea has expressed interest in a new era of cooperation with Angola in the face of the current political reforms underway in the two nations.
The announcement of the new power tariffs by Energy Regulatory Commission (ERC) has indicated an unexpected increase in energy costs for all in the country.
Kenya is losing at least Sh120 billion in revenue to unregistered agro-chemicals dealers and counterfeit pesticides, according to Agrochemicals Association of Kenya (AAK) chairperson Patrick Amayunzu.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
The Commission of the Economic Community of West African States (ECOWAS) has moved to validate its regional strategy for the popularization of Liquefied Petroleum Gas (LPG) in West Africa.
From September 5-7, 2018 in Cape Town, Africa Oil & Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries.
The Economic Commission for Africa (ECA) Southern Africa Office has launched the Zambia STEPS Profile and the Country Profiles (CPs) for Botswana, Lesotho, Namibia and Zimbabwe in Lusaka.
Standard and Poor’s (S&P), a corporate and sovereign rating agency has revised Rwanda’s outlook to positive from stable and maintained the rating at “B/B” for long and short-term.
The Uganda National Bureau of Standards (UNBS) has automated a number of its services to improve efficiency and turnaround time for better service delivery.
Kenyan government has announced plans to establish 50 special zones, technically known as feedlots, for production of livestock for the export market.
When Peter Ouko was sentenced to death for murder 20 years ago, he was sent to Kenya’s Kamiti maximum security prison, notorious for being one of the worst jails in the world.
The COMESA region would annually gain $17.5 billion in intra-COMESA exports if all the member States fully implemented the digital trade facilitation reforms that involves the use of paperless trade facilitation measures.
With competition across public and private sector now being driven by innovation, Kenyan institutions have invested heavily in modernizing operations and selling the convenience message to customers.
The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Maikanti Baru, from the ongoing political tango in the National Assembly.
The Competition Amendment Bill (Bill), introduced in parliament in South Africa recently, has clearly shown that enabling small and medium enterprises and Previously Disadvantaged Individuals to be able to successfully compete in the market.
The African Development Bank in partnership with the Federal Government of Nigeria has inaugurated a Task Force to drive its first Public-Private Round Table on Youth Employment and Skills Development.
An African Development Bank mission led by Dr. Marcellin Ndong Ntah, Lead Economisthave visited the EAC headquarters in Arusha, Tanzania.
Rwanda Parliament has passed the law determining the sources of revenue and property of decentralized entities, commonly known as Property tax.
The European Union (EU) and the General Auditing Commission (GAC) of Liberia have officially launched a new phase of technical support to the GAC at the Office of the National Authorising Officer (NAO) in the Executive Mansion Grounds.
Power utility company Kenya Power has launched new customer service centers dubbed ‘Power Clinics’ to improve service delivery and enhance customer satisfaction.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
The Government of Rwanda and One UN Rwanda have signed the second United Nations Development Assistance Plan for Rwanda 2018-2023 (UNDAPII)
The General managers of SITARAIL, Quentin Gerard, the Ivorian Refining Company, Thomas Camara and the Burkinabe National Hydrocarbons Company, Hilaire Kabore, have signed an agreement to develop the supply and transport of petroleum products.
Egypt and the United States have signed five bilateral assistance agreement amendments worth $45 million that demonstrate continued support from the American people for joint U.S.-Egypt priorities in health, education, governance, and agriculture.
South Africa’s official unemployment rate increased by 0,5 of a percentage point to 27,2% compared to the first quarter of 2018.
South Korea's largest telecommunications company, completed a new digital system for national identification in Tanzania, marking major progress for the company in Africa as KT continues to tap into new business opportunities throughout the continent.
Overall, the economy has been performing well, with growth estimated at 4.2 % in 2017 and projected at 5.0 % in 2018, according to the latest edition of the World Bank’s Madagascar Economic Update, released today.
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
The Nigerian Stock Exchange (NSE) has announced the listing of the N10.69billion, approximately $30 million, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchange by Debt Management Office, DMO.
The GSMA has announced the findings of its latest report, ‘Reforming mobile sector taxation in the Democratic Republic of the Congo (DRC): Enabling economic growth through a supportive tax system’.
Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako.
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner, according to a new report.
Kenya’s President Uhuru Kenyatta has issued a directive freezing all new government projects until those that are ongoing are completed.
President Kagame has held bilateral talks with Indian Prime Minister Narendra Modi and his delegation. The Premier has been in Rwanda on a visit aimed to strengthen further bilateral ties between Rwanda and India.
Ms. Chileshe Kapwepwe has been appointed the new Common Market for Eastern and Southern Africa, COMESA,Secretary General.
Kenya’s President Uhuru Kenyatta and the Prime Minister of the Republic of South Korea Lee Nak-Yeon have held talks to enhance Korea’s role in Kenya’s economy and the achievement of the Big Four development agenda.
The U.S. Government’s Millennium Challenge Corporation (MCC) Principle Deputy Vice President (DVP) for Africa Kyeh Kim has visited Senegal to advance progress on the development of an MCC grant, called a compact.
The World Bank has approved a $30 million International Development Association credit to help Togo address urban development challenges and reduce service delivery gaps in some of its most populated municipalities.
The membership COMESA has risen to 21 following the admission of Tunisia and Somalia at the 20th Summit of the Heads of State and Government in Lusaka, Zambia.
In a move geared towards promoting Uganda’s tourism, the Speaker of Uganda Parliament, Rebecca Kadaga, has launched a Uganda culture park in China.
The African Development Bank has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country.
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
Nigeria Customs Service is among the global early adopters of the Oracle Blockchain Cloud Service which has recently been introduced.
The United Nations Industrial Development Organization and Mauritania’s Ministry of Commerce, Trade, Tourism and Industry have launched the UNIDO Country Programme to stimulate the structural transformation of the national economy.
Bombardier Commercial Aircraft has announced that it has signed a firm order for four new CRJ900 regional jets with Uganda National Airlines Company.
President Uhuru Kenyatta has signed into law a Bill creating a 15 percent tax relief for Kenyans buying houses under the Affordable Housing Scheme.
The President of the Republic of Angola, João Lourenço, has defended a realistic cooperation plan in the Community of Portuguese Speaking Countries (CPLP).
The Board of Directors of the African Development Bank has approved a loan of $217.8 million to finance the second phase of the Namibia’s Economic Governance and Competitiveness Support Programme.
As part of the revamped strategy to stem illicit financial flows from Africa, the IFF Working Group has met, to discuss implementation of the recommendations of the High Level Panel Report on Illicit Financial Flows from Africa.
As Africa faces emerging opportunities to help deliver efficient, affordable and reliable electricity to consumers, GE Power’s Grid Solutions business has unveiled a whitepaper on the “Digitization of Energy Transmission & Distribution in Africa.”
The Embassy of the Republic of Sudan in the Kingdom of Saudi Arabia has announced the opening of it's first-ever visa application centre in the world in Riyadh in partnership with VFS Global.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters due to noncompliance of Equatorial Guinea’s national content regulations.
Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields.
The Executive Secretary of the Economic Commission for Africa has stressed that the aspirations of Agenda 2063 and Agenda 2030 "will require tackling the illicit financial flows that are costing the Continent a great deal of resources.
The Zimborders Consortium has signed a concession agreement for the mega project to upgrade the Beitbridge border post.
Togo has launched a National Summary Data Page (NSDP) in implementing the recommendations of the Enhanced General Data Dissemination System (e-GDDS).
Strong indication that Côte d’Ivoire will soon join the committee of nations that had ratified the Minamata Convention on Mercury, the global Convention that seeks to prevent human and physical environment from mercury pollution has emerged.
There is no shortage of opinions with regards to what needs to be done to improve economies of Africa. Experts from diverse fields advocate for different solutions, some tailored to fit their field interests, others seeming to stem from a place of general betterment.
As part of its External Investment Plan, the EU has given its green light to a package of financial guarantee programmes worth around €800 million.
A Gauteng civil and structural consulting engineering company is looking forward to expanding its customer base when they participate in the Trade and Investment Mission to Angola.
The African Trade Insurance Agency (ATI) has urged Nigeria and other countries to focus on de-risking their economies to drive future investment growth.
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
More than 440,000 smallholder farmers in Mali will soon have better access to rural financial services thanks to a new agreement signed by the International Fund for Agricultural Development (IFAD) and Mali.
Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a $40 million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
Angola has expressed commitment to train and upgrade its Navy (MGA) in order to ensure defense of national interest in territorial water.
In line with its Economic Recovery and Growth Plan, the Buhari administration would be actively supporting Google's Next Billion users plan intended to ensure greater digital access in Nigeria and around the world.
In a much anticipated announcement, the African Trade Insurance Agency (ATI) , declared that its General Assembly had approved the first ever payments to shareholders.
Ethiopian Airlines has announced that it has finalized preparations to resume daily flights to Asmara, Eritrea on 17 July 2018 with the most technologically advanced commercial aircraft, the Boeing 787.
President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya and stashed in foreign countries.
Economic Commission for Africa (ECA) Executive Secretary, Vera Songwe has urged Nigeria to join the African Continental Free Trade Agreement (AfCFTA) movement.
The World Bank has approved an International Development Association (IDA) grant of $40 million to support the government of Benin in its efforts to increase poor communities’ access to basic social services and social safety nets.
South Africa is keen on balancing two-way trade with Ghana and key to achieving this, would be the identification of new investment and trade opportunities between our respective countries.
IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Petroleum, Energy, and Renewable Energy Development have released a roadmap study that outlines pathways for achieving the country’s Nationally Determined Contribution.
Known for its aggressive approach in selling its economic sectors, Kenya has this week been on a charm offensive, as both public and private players step up efforts to win investors and grow businesses.
Sudan's economic future may rest in the hands of its smallholder farmers. Two thirds of the country's population, 36.2 million people, live in rural areas and agriculture provides essential employment for 70-80 percent of the labour force.
President Uhuru Kenyatta has challenged scientists and innovators to be at the forefront in finding solutions for challenges facing the country.
GE, the world’s premier digital industrial company and the Lagos State Government have agreed to pool their resources for the development of critical infrastructure in the state in the areas of Power, Healthcare and Skills Development.
Ugandans are turning to Virtual Private Network (VPN) technology to circumvent the government's "social media tax", according to leading VPN comparison site BestVPN.com.
Tanzania’s Ministry of Industry, Trade and Investment (MITI) has announced the upgrading of the services provided by its Industrial Research and Development Organization.
The breakneck economic growth that Angola enjoyed following the end to decades of civil conflict in 2002 came to a sudden stop when the price of oil crashed in 2014.
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
Williamsville Sears Management’s recently acquired subsidiary Femab Properties Limited has entered into an MOU with the Association of Senior Civil Servants of Nigeria Ministry of Defense Abuja to develop over 1,000 houses for their members.
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
Mozambique’s agriculture sector plays a paramount role in its economy, in particular from a rural growth perspective, given its large yet untapped potential for agro-business and agricultural value chains.
The Government of Uganda has released its strategy to deliver on commitments under the Paris Agreement, in a blueprint known as the Uganda NDC Partnership Plan.
Kenya’s progress in the construction of the Standard Gauge Railway (SGR) has earned praise from regional Heads of State who now want Uganda, Rwanda and South Sudan to follow suit.
The Government of the Republic of Congo and the UN Economic Commission for Africa (ECA) have laid the foundations for the formulation of Congo Vision 2047, the country’s long-term framework to build a prosperous and peaceful nation.
Vodacom, Tanzania’s leading mobile network operator has welcomed the Tanzania Communications Regulatory Authority’s announcement of the 700 MHz spectrum auction, which was carried out on 08 June 2018.
International Finance Corporation and the Government of Canada are providing approximately $25 million in financing for the second Scaling Solar project under development in Zambia.
While the cities of West Africa grapple with large migratory flows, consisting chiefly of young people, they must tackle the many challenges associated with this rapid urbanization.
Botswana is a shining light and beacon of hope in the fight against corruption in Africa and has one of the best anti-corruption profiles on the continent.
It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum.
Ghana’s flagship policies might well stimulate the country’s economy but they won’t do much to get rid of poverty, even though that is their stated aim, says a UN human rights expert.
At a time when the rest of Africa continues experiencing suppressed growth occasioned by drought, political upheavals and low private sector activity, East Africa has been in the headline this week.
The Department of Political Affairs of the African Union Commission has deployed a five-person independent electoral assistance mission in Zimbabwe from 15 June 2018 to 8 July 2018 to provide technical support to the Zimbabwe Electoral Commission.
Though African countries have developed robust institutional frameworks for the regulation of electricity sectors, much work remains in strengthening regulatory independence, says the Electricity Regulatory Index for Africa.
Kenya will work with the U.N. Economic Commission for Africa (ECA) to protect and grow start-up tech innovations and to unlock pension funds to deploy in developing the country, President Uhuru Kenyatta has said.
Several African countries have reported a rise in their GDP despite fears over increased debt according to ICAEW’s, the Institute of Chartered Accountants in England and Wales, latest report.