Kenya needs to be deliberate about creating an environment that genuinely encourages investments in competitive manufacturing.
UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.
Sharing biometric data with telecom companies without a data protection law openly facilitates illegal surveillance and threatens citizens’ enjoyment of the right to privacy.
African Development Bank, African Institute of Mathematics and Science to transform industry-led research in Africa
The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of Technology.
Sub-Saharan Africa’s growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019–20, says Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.
Federal Council of Switzerland adopts dispatches on double taxation agreements with Ecuador and Zambia
The Federal Council of Switzerland has adopted dispatches concerning a protocol of amendment to the double taxation agreement (DTA) with Ecuador and a new DTA with Zambia. Both dispatches were submitted to Parliament.
Sub Saharan Africa is increasingly becoming a mining hub as more countries in the region continue discovering lucrative resources and minerals that have catapulted them to international limelight while seeing numerous investors pitch tent.
The British High Commissioner to Cameron, H.E. Rowan Laxton, and Mr. Luc Maglire Mbarga Atangana, Cameroon’s Minister of Commerce have laid the foundation stone for the construction of the Douala Grand Mall and Business Park.
Kenya’s President Uhuru Kenyatta has assured UK investors that Kenya’s business environment is stable and conducive for investment.
The International Land Coalition Africa, a platform of 79 CSOs across 24 countries in the continent, has joined the Civil Society Organisations Working Group on Land Rights Reform in Liberia to demand for a people-centred land bill.
Use of social media and OTT services has also led to an increase in consumers’ demand for data services provided by mobile network operators, thus users are already paying telecom operators fees for using the broadband services over which these services operate, Uganda Civil Society.
The Government is set to launch a low cost housing project that will see 30,000 houses constructed in Nairobi’s Eastlands area, as the ‘Big Four’ agenda takes shape.
The European Union and UNCTAD have launched a four-year, $6.9m project aimed at helping Angola diversify its economy and reduce its dependence on oil, which accounts for a whopping 93% of total merchandise exports.
Poverty in Kenya declines significantly, but unlikely to be eradicated by 2030, World Bank Economic Update
The proportion of Kenyans living on less than the international poverty line, $1.90 per day in 2011 PPP, has declined from 43.6 percent in 2005/06 to 35.6 percent in 2015/16, according to the 17th edition of the Kenya Economic Update.
South Africa’s Minister of Trade and Industry, Dr Rob Davies and Gauteng Premier, Mr David Makhura have launched the Gauteng InvestSA One Stop Shop (OSS) in Sandton.
COMESA, through its specialized agency the Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA) has facilitated the launch of the regional Seed Trade Harmonisation Implementation Plan (COMSHIP) in Eritrea.
Nigeria’s Debt Management Office has listed N100billion, $278 million, 7-year, Federal Government Ijarah Sukuk with a rental rate of 16.47% on the floor of the Nigerian Stock Exchange.
The denial of justice to the refinery-affected people by the High Court judges has led to the perpetration of injustices and human rights abuses that no justice-minded judicial officer should subject any citizen,” said Mr. Innocent Tumwebaze.
Governors of Central Banks and representatives from eleven COMESA countries have reiterated that achieving monetary integration is possible and it will be enabled if Member countries have larger and deeper financial markets.
Fund for African Private Sector Assistance approves three projects to spur SME development in Africa
Donors to the Fund for African Private Sector Assistance, consisting of the African Development Bank, the Government of Japan and the Government of Austria, have approved three catalytic projects to stimulate the growth of Africa’s small and medium enterprises.
Kenya’s GDP growth is projected to recover to 5.5% in 2018 up from an estimated 4.8% in 2017. Over the medium term, economic activity is expected to gain momentum, steadily rising to 6.1% by 2020.
Road accidents remain a major challenge to Morocco’s human, social and economic development, causing more than 3,000 fatalities per year.
A national IT survey 2017/18 report released last week shows that within government ministries, agencies and governments or MDAs, ICT personnel account for only 1.9% of the total workforce up from 1.6% in 2012/13. There is also a gender bias among ICT personnel with 31.2% female vs. 68.8% male.
EU supports South Africa to boost job creation, small business development and improved governance with €62 million package
Commissioner for International Cooperation and Development, Neven Mimica on his official visit to South Africa, met the Minister of Finance, Mr Nhlanhla Nene, and the Minister for Small Business Development, Ms Lindiwe Zulu.
The National Information Technology Authority of Uganda or NITA-U has set up the e-citizens portal, http://ecitizen.go.ug/, a one-stop online center for Government online services.
Seychelles Secretary of State for Foreign Affairs, Ambassador Barry Faure speaking from the capital of Mozambique has said that the two countries had agreed to boost their bilateral cooperation as they share many similarities
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
JICA signs $27 million deal with Ethiopia for construction of TICAD Human Resource Development Center for Business and Industry
The Japan International Cooperation Agency (JICA) has signed a grant agreement with the Government of Ethiopia to provide grant aid of up to $27 million, for the Construction of TICAD Human Resource Development Center for Business and Industry.
The Government of Rwanda and Government of Japan has signed a financing agreement worth $68 million for the Ngoma-Ramiro road upgrading project.
The regulation activities of food, drug, cosmetics and medical devices in Zanzibar will now be done online.So, will be the issuance of import and export permits for the said goods.
Africa is rising, and nowhere is this better exemplified than in its burgeoning cities that numerous reports have primed as prestigious, having positioned themselves to sate the growing demand from a booming urban population.
[South Africa] SolarReserve, ACWA and Eskom sign power agreement for construction of 100 megawatt power station
A consortium led by SolarReserve and International Company for Power and Water have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone Solar Thermal Power Project.
For the growth of the country’s economy to sustain and keep increasing, it will require efficiency and growth of financial institutions and deepening of capital market, the minister of Finance and Economic Planning has said.
The Zambian iGuide, an electronic investment platform, has been launched with technical support from the Economic Commission for Africa and the United Nations Conference on Trade and Development.
After a few years of sluggish regional growth, Africa’s economies are rebounding, offering a significant opportunity for investors, according to a new study by IFC and the Africa CEO Forum.
By 2020, African countries will fully exploit mobile devices and the internet to conduct demographic and housing censuses more speedily, hence enhancing decision making for the achievement of the Sustainable Development Goals.
To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market.
The Kenyan cabinet has approved the Africa Continental Free Trade (AfCFTA) treaty for ratification.
His Excellency Dr. Mohammed Amin Adam, Deputy Minister (Petroleum), Ghana, and Alhassan Tampuli, Chief Executive Officer, National Petroleum Authority (NPA) will participate in on stage interviews at the Argus West Africa LPG conference and exhibition on 9 – 10 May in Accra, Ghana.
Rwanda is set to access additional financing of €832,615 for implementing regional integration programmes.
The Nigerian National Petroleum Corporation and the Enugu State Government have pledged to work together to revamp the strategic Enugu Depot towards meeting the petroleum products demand of the entire South-East region and beyond.
The African Continental Free Trade Area (AfCFTA) will lead to Africa’s economic development and bring about a better future for the continent, Dr. Benedict Oramah, President of the African Export-Import Bank, has said.
Utility company Kenya Power has expressed its desire to enhance service delivery to large power consumers in a bid to promote the manufacturing sector and encourage a 24-hour economy.
The African Export-Import Bank, Afreximbank, will disburse about $25 billion dollars in support of intra-African trade during the five years ending in 2021 under an Intra-African Trade Strategy it launched in 2016.
Intertek renews contract with Nigeria for its Standards Organisation of Nigeria Conformity Assessment Programme
Intertek, a Total Quality Assurance provider to industries worldwide, has extended its contract with the Standards Organisation of Nigeria to continue to manage its Conformity Assessment Programme for exports to the country.
South African government unveils Bio refinery facility to address biomass waste challenges, boost industry competitiveness
The South African government has launched a R37.5 million biorefinery facility in Durban, which is set to extract maximum value from biomass waste.
TradeMark East Africa and the Government of Rwanda have signed an MOU extending their partnership to 2023.
[South Africa] Ashburton lists world government bond Exchange Traded Fund on the Johannesburg Stock Exchange
The Ashburton World Government Bond Exchange Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE), becoming the exchange's first global bond ETF.
The ability for industry to create an inclusive society is often obscured by narratives that center profits and markets or languages of GDP growth and trade statistics.
Signing African Continental Free Trade Area giant stride forward for the development of Africa, UNECA
“With the signature of the Kigali Declaration for the Launch of the African Continental Free Trade Area, Africa makes a giant stride forward in continental integration and in the development of our continent”, the UNECA has said.
The Zimbabwe Reconstruction Fund has received an additional $4.2 million from the UK’s Department for International Development to help strengthen the country’s policy frameworks and delivery systems.
[Rwanda] African Development Bank, partners fund construction of 208 kilometre regional road project set to benefit over one million people
The African Development Bank and other development partners have joined the Government of Rwanda to launch the rehabilitation of the Kagitumba-Kayonza-Rusumo road works in the Eastern province of Rwanda.
A new report by the African Natural Resources Centre of the African Development Bank has stressed the importance of forestry governance to boosting intra-African trade of wood products.
The East African Legislative Council and the East African Business Council have over the years pushed and even instituted policies and legislation meant to punish and arrest the runaway counterfeiting and illicit business
Earlier this year, the Moroccan Central Bank introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.
Kenya’s Standard Gauge Railway, currently under construction, is the most expensive transport project the country has undertaken in recent times, opening up an efficient transport corridor to catalyze Kenya’s growth into 2030 and beyond.
Ipsidy signs contract with Zimbabwe Electoral Commission to supply automated finger identification system
Ipsidy Inc., a provider of secure, biometric identification services, announces has signed a contract for the supply of the de-duplication hardware and software solution with the Zimbabwe Electoral Commission.
The Chairperson of the African Union Commission, His Excellency Moussa Faki Mahamat, has approved the deployment of a Short-Term Election Observation Mission to Egypt to observe the country’s presidential election scheduled for 26-28 March 2018.
Rwanda’s economy grew by 6.1% in 2017 beating 5.2% projections set earlier. The growth is attributed to good performance in the fourth quarter which registered 10.5% growth.
The Executive Board of the International Monetary Fund has approved a new three-year arrangement under the Extended Credit Facility for Burkina Faso for $157.6 million.
The African Development Bank has undertaken a mission to hold further discussions on Nigeria’s Power Sector Recovery Program (PSRP) with several stakeholders in Abuja, the country’s capital, from March 14-16, 2018.
The Executive Board of the International Monetary Fund has approved Kenyan authorities’ request for a 6-month extension of the country’s Stand-By Arrangement to allow additional time to complete the outstanding reviews.
Angola will buy three C-295 maritime patrol aircraft to ensure monitoring and surveillance missions at maritime space and in particular the Exclusive Economic Zone
That the spirit of fostering free trade and movement of people among East African member states has gained traction over the years is in no doubt.
The capacity for innovation in industry is a key ingredient in the creation of a productive workforce, which in turn increases industry competitiveness.
Africa Energy Corp has announced the renewal of Petroleum Exploration License offshore the Republic of Namibia and the signing of a rig contract.
The Eastern Africa Grain Council, has launched the nine product standards for staple foods and two standards for sampling and test methods.
Central Bank of Nigeria strengthens commitment to boost digital payments adoption with latest license approval
Committed to boost digital payments adoption and digital financial inclusion in Nigeria, the Central Bank of Nigeria (CBN) has granted a Payment Solution Service Provider (PSSP) license to Cellulant Nigeria Limited.
African trade ministers adopt legal instruments to establish the African Continental Free Trade Area
The fifth meeting of African Union Ministers of Trade has adopted the legal instruments constituting the African Continental Free Trade Area.
IFC has signed a cooperation agreement with the Government of Nigeria to implement a $2 million initiative targeting regulatory and institutional reforms that will strengthen Nigeria’s agribusiness sector.
The world of manufacturing is beginning to realize the value of women’s participation for its advancement, as it transforms through technology and rapid digitization.
Ghana becomes sovereign shareholder in Africa Finance Corporation with $10 million initial equity investment
The Republic of Ghana has marked its 7th anniversary as a Member State of Africa Finance Corporation by becoming a sovereign shareholder in the Corporation, making an initial equity investment of $10 million.
[Column] Bob Koigi: Positioning Sub Saharan Africa small businesses to reap global markets' dividends
Global merchandise trade has been on a meteoric rise for the last ten years with exports of manufactured goods hitting the $1 trillion mark in 2016 according to the latest world trade statistical review by the World Trade Organization.
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years.
The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment.
Globeleq, an independent power company in Africa, along with CDC Group plc (CDC) and TCQ Power, have celebrated the start of construction of the 57 MW Western Area Power Generation Project in Sierra Leone with a ground breaking event.
IFC and Côte d’Ivoire lead public-private dialogue on opportunities to reduce energy gap with renewables
IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Oil, Energy and Renewable Energy Development of Côte d’Ivoire have partnered to bring together public and private sector executives in dialogue.
Senior officials from the Government and the national commission on land reform along with the national alliance of traditional authorities have pledged to promote the integration of land governance.
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa.
The number of road traffic fatalities reported in Uganda has increased seven-fold over the past 25 years and 10 people die every day due to road traffic injuries, according to the report of the first United Nations Road Safety Performance Review.
African Development Bank and Mozambique sign $29 million grant agreements to finance agriculture and skills acquisition projects
African Development Bank and the Government of Mozambique have signed grant agreements for two operations totaling $ 29 million.
[Column] Bob Koigi: Deepening regional trade and East African integration with one stop border posts
Traders passing through East African border points have traditionally grappled with harrowing experiences, from bureaucratic procedures to harassment by custom officials.
Edna Mudibo, a Kenyan small scale trader in the border town of Busia who frequents Uganda,has found renewed drive to carry on with her business and has ended years of cat and mouse games with police officers and border officials.
Malawi has officially launched its iGuide, an electronic investment platform developed by the Malawi Investment Trade Center (MICT) assisted by the ECA and UNCTAD acting in line with the United Nations principle of “Delivering as One”.
COMESA is set to become the first Regional Economic Community in the world to introduce the use and distribution of seed labels and certificates as a way of improving access to quality seeds in the region.
Kenya is one of 34 countries that have introduced banking reforms to expand sustainable lending, making emerging markets a major force in driving development, according to the first comprehensive Global Progress Report
Lagos State has begun the distribution of the 2018 Land Use Charge demand notices for properties across the state.
Six in 10 Mauritians say that corruption has increased over the past year, according to the latest Afrobarometer survey.
The African Development Bank and the Gabonese National Agency for Numerical Infrastructure and Frequency have signed agreements for a feasibility study for the country’s component of the Central African Backbone project.
UNWTO signs agreement with Nigeria Tourism Corporation to strengthen national tourism statistical system
In an effort to better measure tourism growth and development in Africa, United Nations World Tourism Organization, UNWTO, has signed a Cooperation Agreement with the Nigeria Tourism Development Corporation.
Rating agency Standard and Poor (S&P) Global Ratings has affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Rwanda.
Nigeria among countries with agribusiness friendly regulations, Alliance for Green Revolution in Africa report
An assessment report, “Enabling The Business of Agriculture 2017” put together by Alliance for Green Revolution in Africa (AGRA) in partnership with the World Bank Group, has ranked Nigeria among countries with more agribusiness friendly regulations.
The Appellate Division dismissed an Appeal filed by Castro Pius from Tanzania, whose application was seeking for an injunction to stop the Partner States which had not signed the European Partnership Agreement not to sign the same.
Angola has exempted tourism visas to stay up to 30 days per entry and 90 days a year to four African countries and one Asia nation, based on the principle of diplomatic reciprocity.
Democratic Republic of Congo's government reinstates illegal logging concessions in breach of its own moratorium
The Congolese Minister of Environment, Amy Ambatobe, has reinstated 6,500 km² of logging concessions that were cancelled in August 2016 by the then Environment Minister Robert Bopolo.
In most African countries, a staggering seventy percent of all unemployed citizens are youth in the 18-35 age brackets in a regrettable state of affairs that the World Bank has described as a ticking time bomb.
The Economic Partnership Agreement between the European Union and the Southern Africa Development Community has become the first regional EPA in Africa to be fully operational after its implementation by Mozambique.
Kosmos Energy hails approval of inter governmental cooperation between Mauritania and Senegal on gas exploration
International oil company, Kosmos Energy has confirmed that the governments of Mauritania and Senegal have signed an agreement enabling development of cross-border Tortue natural gas field to continue moving forward.
Eskom’s Koeberg nuclear power station has launched a mobile groundwater desalination plant, which will take care of the station’s water needs, thus easing the pressure on the City of Cape Town’s water supply.
The electronic investment platform, the iGuide, developed by the Economic Commission for Africa (ECA) in collaboration with UNCTAD, has been unveiled by the Investment Promotion Agency (API) of the Republic of the Congo in Brazzaville.