Africa’s business and finance industries have a critical role to play alongside in helping governments deliver the UN Sustainable Development Goals.
The Director-General of the dti Mr Lionel October said that a key priority of government is to encourage new investment in the economy in order to create jobs that will significantly reduce the levels of unemployment in the country.
Representatives and experts of UN bodies, ECCAS General Secretariat and CEMAC Commission are set to meet in Gabon this month to re calibrate their efforts at delivering support for the sustainable development in Central Africa.
The President of the European Commission, Jean-Claude Juncker, and the President of Burkina Faso, Roch Marc Christian Kaboré, have strengthened the cooperation and partnership between the two countries.
Economic growth and development of many COMESA countries remain constrained due to inadequate energy infrastructure.
SARS Customs officials intercepted suspected counterfeit clothing and shoes valued at approximately R10 722 364 in the Western Cape.
The growing appetite for energy in Africa despite unreliable hydro power has birthed renewable energy renaissance.
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
Global port operator DP World and the government of Rwanda have setup a state-of-the-art logistics hub, located 20 kilometers from the capital city Kigali.
IT multinational HP and Ugandan authorities have conducted a highly successful operation to halt the trade of counterfeit HP branded print cartridges in in the Kampala area.
The Director-General of the Department of Trade and Industry (the dti), said that with proper infrastructure, utilities, and management, the twenty-six approved Industrial Parks across South Africa can become Special Economic Zones.
A joint study launched by the Government of Rwanda and the World Bank Group has identified four essential and interdependent drivers of future growth – innovation, integration, agglomeration, and competition.
The African Development Bank launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg last Friday.
The Central Bank of Kenya (CBK) announced that it has transferred to the Government Consolidated Fund Ksh.800 million from CBK’s General Reserve Fund (GRF) as at end FY2017/18.
The president of the AfDB and the president of the European Bank for Reconstruction and Development met during the Africa Investment Forum and discussed new avenues for cooperation between the two institutions.
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
The African Export-Import Bank has signed an agreement granting an EUR 30 million revolving trade financing facility to CDC Gabon to support operations of the tenants of the Gabon Special Economic Zone.
A group of South African business people is in Germany on an Outward Selling Mission to seek sub-contracting opportunities from the German and European multinationals.
IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.
Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru Kenyatta has said.
The Malawi Bureau of Standards has obtained the accreditation of its testing laboratories through the technical assistance provided by UNIDO and UNDP.
In the recent years, South Africa has continued to prove that it is one of the most diverse and promising emerging markets in Africa. The country has become a key global hub for investment, innovation and research.
Africa50, the pan-African infrastructure investment platform, has signed an agreement with Rwanda to develop and finance a “Digital Innovation Precinct”, including commercial and retail complexes, as part of Kigali Innovation City.
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
The Ministry of Environment and Forestry and members of the Kenya Association of Manufacturers (KAM) will host a public forum on Polyethylene terephthalate (PET).
As Kenya continues to cement its position as East Africa’s economic powerhouse, it has been on a charm offensive targeting African and global public and private players.
For every $7 spent on water and sanitation, a community receives $30 worth of benefits according to the World Health Organization.
The South African filmmakers who returned from the United States of America today are optimistic that their mission will yield positive results in the near future and see them working with the Hollywood companies.
Rwanda Development Board, TradeMark East Africa sign $2.4 million deal to build local business capacity
The Rwanda Development Board (RDB) and TradeMark East Africa (TMEA) have signed an agreement that aims to help build the capacity of Rwandan businesses to tap into international and regional markets.
The Government of Rwanda and the World Bank Group have signed a $20 million credit agreement to improve budget reliability and control of funds for service delivery, enhance budget transparency.
On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.
Greenpeace Africa has blown the whistle on the Republic of Congo's most recent greenwashing campaign by exposing its plans to tender three oil blocks in the heart of newly-discovered peatlands.
Few issues are as emotional as human migration. Images of desperate people on the move – whether trying to cross the US-Mexico border or packed onto rickety boats crossing the Mediterranean Sea have captured world attention.
It is quite telling that presently, the port of Mombasa is losing a chunk of Rwanda’s business to Dar es Salaam Port.
Israel has committed $300 million to finance agricultural projects in Angola, its ambassador Oren Rozenblat announced in the municipality of Tomboco, Zaire province.
The President of the Commission of the Economic Community of West African States (ECOWAS) Jean-Claude Kassi Brou has restated the commitment of the Commission to strengthening regional Customs union and an infrastructural upgrade that can sustain the renewed integration efforts within the community.
The Mineral and Petroleum Resources Development Amendment Bill has loomed over South African mining firms since 2014 and caused unwarranted uncertainty in a sector already suffering from rising costs and labour unrest.
SADC Executive Secretary, Dr. Stergomena Lawrence Tax received letters of credence from H.E. Mr. Jan Sadek, Ambassador Extraordinary and Plenipotentiary of the Delegation of the European Union to Botswana at the SADC Secretariat Head Office in Gaborone, Botswana.
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
Kenyans travelling to South Africa will now be issued with multiple entry visas valid for up to 10 years following South Africa’s decision to remove short term Visas requirements for Kenyans.
The Cuban Chamber of Commerce has expressed its willingness to assist South African companies and investors who are willing to trade and invest in different sectors of the economy.
The South African filmmakers who are in the United States of America on an Outward Film and Television Investment Mission told American studios that utilizing the services of black filmmakers for their productions was not tantamount to compromising quality, lowering the standards and diminishing excellence.
The African Development Bank (AfDB) has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project.
The world’s largest producer of silk, Guangdong Silk-Tex Group, has announced its plans to set up shop in Kenya.
The World Bank has approved a $35 million International Development Association credit for the Ghana Public Sector Reform for Results Project to improve efficiency and accountability in the delivery of public services.
Kenya’s President Uhuru Kenyatta has asked China to give preferential treatment to goods from Africa as it continues opening up its vast market to the rest of the world.
International real estate investor and developer, Arthur Mackenzy Properties Group (AMPG), is eyeing development opportunities in Nigeria in association with local government bodies and businesses.
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an lectronic world trade platform hub in Rwanda.
With Kenya’s ambitious target to grow the manufacturing sector by 36% every year until 2022, isn’t it time we focus on radical customized solutions for tangible results?
The tech startup fever has been spreading across the globe like bush-fire and Africa has not been left out in this bandwagon. More and more people are entering into the tech space because technology never gets old and new inventions keep evolving.
The Democratic Republic of Congo government has indicated its support for the 50 Million African Women Speak project which has now officially been launched in the country.
The Republic of Seychelles has launched the world’s first sovereign blue bond—a pioneering financial instrument designed to support sustainable marine and fisheries projects.
Global Voice Group (GVG) has announced the launch of a Common Platform (CP).
The African Union Advisory Board on Corruption and Transparency International have signed a Memorandum of Understanding (MOU) on cooperation commitment to the fight against corruption.
Angola’s artisanal fishing sub sector continues to be the driving force behind the economic and social progress of communities, contributing to food and nutritional security, creating more jobs and raising household incomes
Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity.
Malawi is the latest beneficiary of two regional integration projects expected to spur the leather and textile industry in the country. These are: a state of the art Leather Design Studio and a Garments and Textiles Incubation Center.
World Bank Approves $293 Million to Boost Regional Integration and Technical Training in East Africa
The World Bank today approved a $293 million International Development Association (IDA)* credit and grant to increase access to and quality of Technical and Vocational Education and Training (TVET) Institutes and to support regional integration across East Africa.
South Africa and Germany are poised to strengthen bilateral relations and to work together closely in pursuit of African development and global peace and security.
Rwanda Revenue Authority (RRA) and TradeMark East Africa (TMEA) has signed a financing agreement worth $1.57 Million. This marks the start of the second phase of the Rwanda Electronic Single Window (RESW).
Unconditional cash transfers paid to vulnerable populations as regular, predictable income support is now an established programmatic strategy to combat poverty and social exclusion and build resilience to shocks in Africa.
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an electronic world trade platform hub in Rwanda.
The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the fourth review of Egypt’s economic reform program, which is supported by the IMF’s SDR 8.597 billion .
A group of South African filmmakers is in the United States of America to participate in the American Film Market in Los Angeles. The group is on an Outward Film and Television Investment Mission t that is organised and funded by the Department of Trade and Industry (the dti).
A staff team from the International Monetary Fund (IMF) has completed its October visit in Cotonou, Benin. The visit was to hold discussions on the third review of the three-year economic and financial program supported by the IMF under the Extended Credit Facility (ECF) arrangement with the Republic of Benin.
Insecurity and unemployment key constraints affecting governance across the African continent, study
The annual Ibrahim Index of African Governance has highlighted insecurity and unemployment as key constraints affecting governance across the African continent, citing that some promising nations had “lost momentum”.
At the Regional Investment Agency (RIA) for the Common Market for Eastern and Southern Africa (COMESA), we are fully committed to drive investment into and across the COMESA region, and Africa as a whole.
A new project aiming to reduce carbon emissions in Africa, The Urban Pathways project, has been launched by UN-Habitat in partnership with UN Environment and the Wuppertal Institute.
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe and the Free State Member of the Executive Council for Economic, Small Business Development, Tourism and Environmental Affairs, Ms Limakatso Mahasa will officially launch the revitalised Phuthaditjhaba Industrial Park.
Blockchain technology came into being in the early 2009. This invention was faced with a lot of backlash as most people lacked prior information about it and were therefore not ready to risk investing in it.
Through the African Development Fund’s recent envelope of financial instruments, Malawi has received US$14 million for scholarships and infrastructure for its Higher Education, Science and Technology (HEST) program.
After a prolonged period of economic stagnation and decline, African economies have experienced rapid growth over the last two decades. Poverty and malnutrition have fallen steadily during that period.
The US Department of Commerce has granted product exemptions for imports of 161 aluminium and 36 steel products from the Section 232 duties that the United States imposed against foreign imports.
The World Bank, in collaboration with United States Agency for International Development (USAID) and UNICEF, have announced plans to conduct a Technical Learning Session on Inclusive Education in Nairobi, Kenya. The event is co-hosted by the Government of Kenya
In line with its investor protection mandate, the Capital Markets Authority (CMA) has warned Kenyans against engaging in online foreign exchange trading through platforms of unlicensed entities.
Greenpeace Africa has released a new documentary on the numerous cases of small-scale fishermen who have lost their lives in Senegalese waters. Over the past 2 years, at least 226 fishermen have lost their lives at sea or have been declared missing.
Togo Minister of Mines and Energy and the Director General of the pan-African industrial group Eranove, have signed a power generation concession agreement for the construction of the Kékéli Efficient Power plant.
Cybercrime has become one of the biggest threat to most organisations and businesses in Africa. The threat has continued to accelerate especially due to the power of digital technology and cybercriminals becoming more sophisticated.
South Africa has won the top global award at the United Nations Investment Promotion Awards for its excellence in boosting investment sectors that have social and economic benefits and help countries meet the Sustainable Development Goals (SDGs).
Due to an exceptional harvest and tourist arrivals that reached levels last seen in 2010, GDP growth in Tunisia have accelerated in the second quarter of 2018 to 2.8 percent, up from 2.5 percent in the first quarter.
Africa’s leading private sector institutions and corporates have established a Pan-African Private Sector Trade and Investment Committee to serve as an advocacy platform to support the implementation of the African Continental Free Trade Area.
President Uhuru Kenyatta has given his backing to the formation of county regional blocs to tackle issues common to counties that neighbour each other.
The Chairperson of the African Union Commission, Moussa Faki Mahamat, will undertake a visit to West Africa that will take him to Benin, from 22 to 23 October; the Republic of Guinea, from 23 to 24; and Nigeria, on 25 and 26 October.
Engility Holdings, Inc. won a $12.2 million task order in the third quarter of the year on the Department of State's Africa Peacekeeping Program indefinite-delivery, indefinite quantity vehicle, known as AFRICAP III.
The National Bank of Angola (BNA) will sanction commercial banks that do not observe the rules applicable to foreign exchange transactions of prepayments and will be prevented from carrying out new foreign exchange operations of merchandise imports.
Kenya Association of Manufacturers (KAM) has launched a report that seeks to identify cross-cutting constraints to growth, possible solutions, and sector-specific interventions to unlock the manufacturing sector’s growth potential.
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.