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.
The Lusaka City Council has launched a Social Inclusion and Gender Policy aimed at ensuring that Council promotes a conducive and enabling working environment and ensures that its services reach all intended beneficiaries.
Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.
The World Bank announced today US$130 million in additional support for decentralization in Tunisia, which is putting local governments in charge of addressing the development needs of their communities.
The World Bank has approved a $50 million International Development Association credit to increase scale innovation and productivity amongst Kenya’s enterprises.
UNCTAD is running a workshop in Angola with government officials, business managers and industry representatives to identify economic sectors that could help soften Angola's dependence on oil exports.
President Uhuru Kenyatta and his Zambian counterpart Edgar Lungu have held bilateral talks focusing on ways to enhance economic and security cooperation between Kenya and the Southern Africa nation.
The World Bank has approved an International Development Association credit of $40 million to improve Madagascar’s electricity sector governance and operations.
Experts from Africa’s rail sector have gathered in Johannesburg to discuss rail transport and how it can be developed to support the grand design for growth on the continent.
Conakry Terminal, a subsidiary of Bolloré Ports has received four new container gantry cranes at the Port Autonome de Conakry container Terminal.
A National Identity Card Production and Control Center, with a daily capacity of 19,600 documents, will be built in the country's capital by March 2019.
To begin with, we would like to acknowledge and commend the latest efforts by the Government in the fight against illicit trade and counterfeits.
Kenya’s Retirement Authority has appointed Mr. Nzomo Mutuku as the Chief Executive Officer of the Authority.
The South African Reserve Bank is set to launch its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.
New cutting edge technology, developed by the Commonwealth, could help governments in Eastern and Southern Africa to manage their debt.
The dramatic drop in oil prices that started in mid-2014 substantially reduced tax revenues and exports, with growth coming to a halt and inflation accelerating sharply.
BBOXX, a next generation utility, has signed a pioneering deal with the Government of the Democratic Republic of Congo (DRC), which will bring reliable, renewable electricity to 2.5 million citizens in the DRC by 2020.
On 22 February, the Republic of Djibouti terminated the DCT (Doraleh Container Terminal) concession, in which DP World is a shareholder and operator.
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
The African Export-Import Bank (Afreximbank) approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, Bank President Dr. Benedict Oramah has said.
Kenya ICT Cabinet Secretary Mr. Joe Mucheru has called for tough measures on enforcement of SIM card registration within the East African Community.
The World Bank has announced US$125 million in additional support for Morocco’s adoption of innovative solar technology.
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018, July 2017 to June 2018, down from 10.9% in fiscal year 2017, according to a new World Bank Group report.
Kenya has become the first country to deposit her Instrument of Ratification of the COMESA-EAC-SADC Tripartite Free Trade Area.
COMESA and International Organization for Migration (IOM) have signed a co-delegation Agreement on the implementation of the small scale cross border trade initiative in five border posts within the region.
Through its office for Eastern Africa, the UN Economic Commission for Africa in collaboration with the government of the Union of Comoros and with the Stockholm Environment Institute- Africa Office, have conducted a five-day training on energy planning in Moroni.
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
Tanzania’s government has signed into law the Public Service Social Security Act, 2018, hereinafter referred to as the PSSS Act, which joins all pension funds into two major entities.
With Kenya and African demand for charcoal as a cheaper and affordable energy source expected to hit unprecedented highs in coming years, industry players have called on sustainable ways of producing it.
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
The Commonwealth is helping to smooth Seychelles’ transition to being a more integrated ocean-based economy with a new strategic road map.
Angola will buy two aircrafts to airlift troops and conduct maritime surveillance, announced the Angolan Head of State João Lourenço.
Cornelia Richter, Vice-President of the International Fund for Agricultural Development has been in Kenya for a five-day visit where she has met with Deputy President William Ruto to discuss expanding successful rural development investments.
Illicit trade and counterfeit goods will be the biggest impediments to Kenya achieving its economic goals.
The country's mobile telephony sector will become more competed, with the entry of a third operator in the market.
Initial steps towards the construction of a $300 million dry port at Kasumbalesa border post, on the DR Congo and Zambia has begun following the commissioning of the project.
As part of efforts geared towards transforming the health care landscape in Nigeria through better public funding of health, a provision was made for Basic Health Provision Package in the 2014 Health Act.
The Government of Rwanda and the World Bank Group have signed a $100 million credit agreement to improve the capacity of selected national public agricultural institutions.
Mrs. Jane Ngige is synonymous with tenacity, tact and celestial zeal. For the more than ten years she was the CEO of Kenya Flower Council, she is credited with having introduced transformative reforms.
President Uhuru Kenyatta has flagged off the first consignment of crude oil destined for export from Kenya, which will lead to oil becoming a major contributor to the nation’s economy.
The Government of Rwanda and the Korea International Cooperation Agency have signed a financing agreement worth $6 million for and Development of Taxpayer Relationship Management System.
The African Development Bank and Sudan’ Finance and Economic Planning ministry have presided over the signing of a $1-million grant to facilitate Sudan’s access to debt relief.
As Kenya now fully recovers from a grueling election that took a toll on its economy, key sectors are experienced renewed resurgence and the business climate is promising.
With an ever tightening lending landscape by financing institutions and bureaucratic processes in accessing credit, many borrowers in the continent are finding solace in informal lenders.
Kenya’s President Uhuru Kenyatta has commissioned an ultra-modern 220 Kv gas insulated substation to improve the power supply in Nairobi.
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund.
Clarivate Analytics partners with the Egyptian Knowledge Bank to power the first Arabic citation index
Clarivate Analytics has partnered with the Egyptian Knowledge Bank, the Egyptian government's digital library and online knowledge hub to launch the first Arabic Citation Index
East Africa Metals Inc has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas, responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications.
The African Export-Import Bank is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said.
Afreximbank partners FCSSC, MIAI for $1b fund to support industrialization, boost Africa-South cooperation
The African Export-Import Bank, the Finance Center for South-South Cooperation and the Made-in-Africa Initiative announce a joint effort to mobilise $1bn in equity fund to channel foreign direct investment from developing (South) economies.
The Limpopo Economic Development Agency has signed Memorandums of Understanding and a Memorandum of Agreement with nine Chinese companies who committed to investing more than $10 billion in the Musina-Makhado Special Economic Zone.
Rwanda is the third member state to ratify the AfCFTA, after Ghana and Kenya, and the first to do so as far as the Protocol on Free Movement of Persons and the African Passport is concerned.
Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning and the Ambassador of Germany to Rwanda Dr. Peter Woeste, have signed the new agreement on technical cooperation for a 3-year period of cooperation between both countries.
Basically, if you are a High Net Worth South African business owner or work in a Management position as a paid employee and you have a high Net Worth, then you could even move to Canada, with no age limits.
TradeMark East Africa and the Government of Uganda have signed a Host Country Agreement (HCA) extending their partnership to 2023.
[South Sudan] Infrastructure upgrades at Nimule One Stop Border Post set to ease clearance of humanitarian consignments
The Government of South Sudan in partnership with TradeMark East Africa have aunched construction works of key infrastructure at the Nimule One Stop Border Post (OSBP) including parking yard, access roads, examination shed and drainage systems.
[Africa Tech Week] Beyond borders partnerships herald new ICT dawn, Great tidings for tech startups, investment in technology soars
The Africa tech week has been abuzz with news of cross border public and private sector partnerships, companies aligning themselves with the burgeoning demands of the continent’s ICT sector and the growing IT spend.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
COMESA Ministers of Justice and Attorneys General have passed new regional legal instruments among them, the COMESA Airspace Agreement and the Agreement on Admission of Somalia to COMESA.
[Kenya Business Week] Towards sustainable businesses, public private partnerships and courts to the rescue
Kenya’s business landscape has this week continued to register mixed fortunes with key sectors, including banking, agribusiness, horticulture and insurance featuring prominently.
Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center
Royal Philips and the governments of Ethiopia and the Netherlands today signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.
Kenya Association of Manufacturers, KAM, the Ministry of Environment and Forestry and National Environment Management Authority ,NEMA, have announced a cooperation agreement towards holistic management of PET bottles in Kenya.
The Government of Korea and the African Development Bank have issued a Joint Declaration in which Korea announced a $5-billion bilateral financial assistance package for Africa.
The Egyptian parliament has preliminarily approved a draft law for fighting cybercrimes, pending a final vote when two thirds of Parliament attend the session.
Fitch Ratings has affirmed Rwanda’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook.
The planning process of long-term development in any country would be on a shaky foundation if the data and statistics are not readily available and are of poor quality.
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
Apex Biotech Ltd, a pharmaceutical manufacturing firm will open an $18 million drug plant in Rwanda.
Rosatom and Zambia sign general contract for construction of Centre for Nuclear Science and Technology
State Atomic Energy Corporation Rosatom and the Republic of Zambia signed a general contract for the construction of a Centre for Nuclear Science and Technology.
Gulf Energy, the developer of Lamu Coal Power Plant, Amu Power, has entered into a Clean Coal Technology agreement with General Electric, GE, making it one of the most technologically advanced coal fired power plants in the world.
Kenya’s President Uhuru Kenyatta has launched a Sh 7 billion state-of-the-art Hot-Fill juice line at the Nairobi Coca-Cola Plant in Embakasi.
The Ministry of Industry and Commerce has launched Mozambique’s AGOA Utilization Strategy.
Key talks are underway in Botswana to shape a new programme that will support trade in Africa through technical assistance and capacity-building.
The Centre for Nuclear Science and Technology in Zambia will ensure wide application of radiation technologies in medicine, industry, and agriculture.
The digital gap between men and women is widening and the divide is reinforcing socioeconomic inequalities
Representatives from Angola have joined international experts in Geneva, Switzerland to explore the dynamics of trade in services, and consider new ways to harness services trade for more sustainable growth.
The World Cocoa Foundation and Ghana Cocoa Board have announced plans to expand their joint efforts to preserve the flavor of Ghanaian cocoa.
AU Deputy Chairperson Amb. Kwesi Quartey met with Li Zhanshu, the Chairman of the Standing Committee of National People's Congress of China at the AU Headquarters on Friday, where both leaders renewed their commitments to deepen the longstanding African Union-China strategic partnership.
Kenya continues to experience heavy rainfall that has claimed lives, displaced hundreds of thousands of residents and taken a toll on key economic sectors, in one of the most catastrophic deluges to have taken place in the recent past.
Botswana is ideally poised to benefit from the opportunities that cloud computing provides with internet penetration hovering at approximately 28 percent and the number of mobile subscribers.
The African Union Commission through its Department of Rural Economy and Agriculture is exploring ways of implementing successful agribusiness Public Private Partnerships to catalyse investments in agribusiness development on the continent.
Somalia calls for international cooperation to stop the illegal charcoal trade. Over 80 percent of charcoal produced in Somalia is exported to the Gulf States and neighbouring countries.
Julius Mukunda, the executive director of CSBAG has urged citizens to put pressure on members of Parliament not to pass the 1% tax on mobile money tax proposal but embrace the Civil Society Organisations alternative proposal of increasing excise duty from 10% to 17.5% on withdrawal fees.
Uganda partners with Intelsat, ITSO and MTN to accelerate 3G network infrastructure deployment in rural areas
Intelsat S.A.,has announced that Uganda’s Communications Commission will utilize its satellite services to advance the deployment of 3G wireless communications infrastructure to communities in rural areas of Uganda.
The Director-General of Trade and Industry, Mr Lionel October and Kenyan Principal Secretary for the State Department of Trade in the Ministry of Industry Dr Chris Kiptoo have committed to resolving outstanding bilateral issues between their countries.
General Electric and the Kenya Cardiac Society have entered into a two-year collaboration to offer echocardiography training to physicians and technicians in public and private hospitals in the country.
Mounting public debt in some of the world’s poorest countries has leading economists worried. But where the International Monetary Fund (IMF) sees orange flashing lights, UNCTAD sees red.
Africa must urgently upgrade its maritime and logistic infrastructure in order to successfully promote the continent’s trade, especially intra-African trade, the African Export-Import Bank (Afreximbank), has said.
Senegal is on track implementing the sustainable development goals to ensure no one is left behind by progress, Prime Minister Mohammed Boun Abdalla Dione has said.
Expansion in oil output and continued steady growth in agriculture assisted Nigeria emerge from recession in 2017, a World Bank Nigeria Bi-annual Economic Update has stated.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.