Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
Kampala Capital City Authority, KCCA, and the United Nations World Food Programme (WFP) have entered a partnership to tackle food insecurity and rising levels of malnutrition in Kampala district.
Emerging market currencies that have already seen depreciation this year will continue to be susceptible to balance-of-payment crises, according to the External Vulnerability Index published by business information provider IHS Markit.
The Angolan Government invested between US $ 99.5 billion and US $ 99.5 billion between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks electricity.
Several US firms were recently targeted by online fraudsters who used elaborate scamming schemes to dupe them into incurring devastating financial losses.
The Chief Director of Space affairs at the Department of Trade and Industry (the dti), Ms Nomfuneko Majaja says that the Workplace Challenge Programme (WPC) has led to the sustaining of more than 50 000 jobs and creating a further 250 since it was founded.
The Department of Trade and Industry (the dti) will lead a group of filmmakers to Los Angeles in the United States of America to attend the popular American Film Market (AFM) from 30 October – 7 November 2018.
Testimony by SARS Executives at the Commission of Inquiry into Tax Administration and Governance by SARS has led to widespread reporting in the media that the eFiling system is on the verge of collapse.
Despite Africa’s impressive growth in past 25 years and its entry into the digital economy, the job market continues to be in a depressed state as youth unemployment continues to rise.
Angola could raise at least US $ 200 million annually with the taxation of basic products, Angola's Association of Industries (AIA) president José Severino has said.
Deputy President Mabuza says SA working together with other leaders of the IGAD countries will continue to provide support for a successful implementation of a peace agreement in South Sudan in finding lasting peace, stability and development.
Kenya’s President Uhuru Kenyatta has said the Government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve.
Angola’s energy sector is since 2017 saving an overall 669,000 liters diesel/day with entrance into operation of new power plant, which enabled the country to have currently an installed 4,409 megawatts.
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
The UK fund will include support for teacher training, through the ministry’s flagship education programme, and support children’s education in governorates across the country.
The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity.
The African Agenda 2063 is a well spelt out strategic framework for the socioeconomic transformation of the continent over the next 50 years. China’s President XI Jinping has characterized china’s development agenda in Africa as a win-win deal for its aspirations to become the global trade leader.
Unveiled a decade ago in June 2008, the Kenya Vision 2030, the country’s development blueprint, has steered Eastern Africa’s largest economy to unprecedented heights. But the future of the blueprint is caught in a geo-political mire on three fronts.
Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position.
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion.
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss of revenue to the government was $907 million for the year, according to a new study by Global Financial Integrity.
In response to a range of corporate scandals, speculation and innuendo that have characterised South African financial markets over the past year, the Johannesburg Stock Exchange (JSE) is embarking on a public consultation process.
Issues related to strengthening bilateral cooperation in the defense field are being addressed between Angola and the United Arab Emirates.
One hundred and twenty jobs will be created in the province of Lunda Sul, with the conclusion in December of the current year of an industrial park in the municipality of Saurimo.
The Republic of Angola and the People's Republic of China have signed a facilitation agreement providing for funding from the Chinese Development Bank, valued at $2 billion.
Africa will not successfully implement the sustainable development agenda and it’s 50-year development plan, Agenda 2063, if urgent climate actions are not taken now.
South Africa has ratified the Tripartite Free Trade Agreement becoming the fourth country to do so after Egypt, Uganda and Kenya.
Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.
The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board.
Citizen owned companies have been urged to spread the risk of ownership among a large group of shareholders through availing shares publicly.
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
On the World Habitat Day, the Ministry of Local Government and Chieftainship Lesotho, and the UN-Habitat jointly hosted an Urban Breakfast dialogue session on Municipal Solid Waste Management.
East Africa Legislative Assembly is adding its voice to the debate on greening the environment.
The Commission of the Economic Community of West African States (ECOWAS) is looking forward to a more dynamic and flexible rules of origin which takes into account the interests of the economic operators in the region.
Kenya Association of Manufacturers (KAM) has recommended the formation of an industry-led multi stakeholder Taskforce that will advise on people-driven public expenditure, debt and taxation policies.
Angola and China are expected to sign a set of agreements, one of which puts an end to double taxation in commercial transactions, Angop learned in Luanda.,
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
Market access and penetration of established sectors of the economy still poses a challenge for most Black Industrialists trying expand their products and services locally and internationally.
With Kenya having experienced proliferation of online news channels occasioned by an impressive penetration of the internet and a critical mass of consumers with an insatiable appetite for breaking news, truth and fact have been the latest casualties.
THE USAID funded Fostering Accountability and Transparency (FACT) programme has launched a project aimed at increasing citizen awareness and engagement on the Extractive Industries Transparency Initiative (EITI) mechanism in Zambia.
The announcement by Kenya’s national carrier, Kenya Airways, that it would start direct cargo flights to USA in December this year remains one of the most iconic developments for the Kenyan flower industry.
Amref Health Africa and a technology solutions firm in Kenya AISL, have partnered to scale up blood availability in hospitals through a Blood Services Information Management System dubbed Damu – Sasa.
The Angolan and Spanish navies are engaged in deepening cooperation in order to ensure the patrol of the coasts of Guinean Gulf and to combat piracy, illegal trade and smuggling.
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
An International Monetary Fund (IMF) staff team has completed the review of the 10th Rwanda Policy Support Instrument (PSI) supported program.
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank.
Kenya’s President Uhuru Kenyatta has held a meeting with a delegation of senior Qatar government officials during which he was informed of plans by Qatar Airways to start direct flights between Doha and Mombasa on 9th December this year.
With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4 to 7 per cent estimated growth in the sector by 2020.
United Cities and Local Governments of Africa in collaboration with UN Habitat, UNODC and UNESCO will host the inaugural Youth Forum at the 8th Africities Summit which will take place from November 20-24, 2018 in Marrakesh, Morocco.
The United Nations Economic Commission for Africa,ECA, Office for North Africa has called on countries to facilitate researchers’ access to their microeconomic data for a better understanding of the causes of distortions within their economies.
Gender gaps in agriculture in Africa are holding back progress towards ending hunger and must be urgently addressed.
President Uhuru Kenyatta has witnessed the signing of a deal to deliver 100,000 affordable housing units.
The Government of Rwanda and the World Bank Group have signed $26.3 million grant agreement to increase agricultural productivity, market access, and food security of the targeted beneficiaries in the project areas.
Mauritania has become the 15th West African country to have signed the region-to-region Economic Partnership Agreement (EPA) with the European Union, an agreement negotiated with 16 countries of the region.
The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects to construct a large-scale layer and pullets farm at an investment of $60 million.
Secretary of State of Foreign Affairs, Ambassador Barry Faure, and Principal Secretary of Trade, Ms. Cillia Mangroo, have concluded a two-day official mission in Curacao geared specifically towards concluding an Administrative Cooperation Agreement.
The Government of Rwanda and Japan International cooperation Agency (JICA) have signed a financing agreement worth $ 24 million to support the third phase of rehabilitation of substations and electricity distribution network.
The World Bank Group’s Board of Executive Directors has approved a $45 million International Development Association grant to support the second phase of the Government of Mozambique’s Conservation Areas for Biodiversity and Development Project.
Southern African countries need to collaborate more in their quest to exploit opportunities presented by the blue economy, a ministerial high level roundtable agreed.
The Angolan and Portuguese Governments has signed a convention in Luanda to end double taxation on income taxes and prevent fraud and tax evasion between the two countries.
The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth €42 million.
Communication Authority of Kenya has directed mobile operators switch off all unregistered SIM cards on their networks with immediate effect.
President Uhuru Kenyatta has said Kenya is keen on promoting more partnerships between the public and private sectors in order to spur more growth in the country.
“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said.
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
NikGroup, a consulting firm based in Ghana, wants to push for the adoption of the blockchain for social change as the government struggles to fight corruption in Ghana.
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Alibaba Cloud, the cloud-computing arm of Alibaba Group, and Kenya's Ministry of Tourism and Wildlife have agreed to explore a strategic collaboration to deploy Alibaba Cloud’s technology to support the Kenya Wildlife Protection Project.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
The Economic Commission for Africa is fully committed to supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the untapped potentials of the continent’s blue economy are fully realized.
The International Air Transport Association (IATA) has called on the government of Mauritius to continue to focus on aviation as a strategic enabler of the country’s economic and social development.
Trade Mark East Africa, TMEA, and COMESA have opened a new chapter of cooperation on regional integration programmes following a high-level meeting between the parties, held in Lusaka.
TAAG Angola airline and Portuguese TAP are preparing to increase weekly flights between Luanda and Lisbon, based on an agreement on air transport agreement between Angola and Portugal.
One of Kenya’s leading flower grower and exporter Oserian Development Company has sounded the alarm over massive fertilizer shortage in the country.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
Chancellor Merkel is headed for Algeria to find ways to boost trade with the Mediterranean nation. But the complicated issue of migration will loom over her talks as Berlin looks for ways to stem irregular migration.
Algeria’s national police force, has implemented STACS-CW Enterprise sample tracking and quality control software at their forensic DNA laboratory in Algiers.
Kenya Association of Manufactures (KAM) has signed an MoU with the National Transport and Safety Authority (NTSA) and Kenya Association of Waste Recyclers for PET plastic waste management.
As urban population hits unprecedented highs putting pressure on key amenities like housing, transport water and sanitation experts are mulling new and innovative ways to create smarter inclusive and sustainable cities.
The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under.
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank.
The first training module of UNCTAD’s trade facilitation empowerment programme, which helps governments put in place the reforms necessary to make trade easier, cheaper and faster, has been completed
COMESA and the International Trade Center (ITC) have officially launched a Co-delegation agreement for the implementation of the Cross-Border Trade Initiative Programme funded under the European Union Development Fund.
The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
UN-Habitat, working in concert with its partners, has embarked on a cities campaign on Equitable Economic Growth in two Kenyan secondary towns of Kajiado and Ol-Kalou.
The Secretariat of the Southern African Development Community (SADC) scooped the first prize award in the Regional/International and Diplomatic Missions Category at the 2018 Botswana Consumer Fair.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
The UN Economic Commission for Africa (ECA) and the Government of Chad are convening government representatives and experts in various development fields from across Central Africa and around the world, to debate and propose a harmonized strategy of unlocking finances for industrializing the economies of Central Africa.
The International Islamic Trade Finance Corporation (ITFC) has signed two new Agreements between with the Government of the Arab Republic of Egypt.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
The Department of Trade and Industry (dti) and the motor industry are now close to finalizing the South African Automotive Masterplan which will come into effect in January 2021 and run until 2035.
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.