The United Kingdom(UK) government is planning a £235 million capital investment in the hydropower sector in Africa. UK Prime Minister, Boris Johnson, while in Rwanda for a meeting with Commonwealth leaders, said, he welcomes Green Industrial Revolution ‘sweeping across Africa.’ “The major new UK investments and public-private partnerships are turbocharging the clean energy transition in Africa,” Boris said at…
Mega spending plan Partnership for Global Infrastructure and Investment aims to counter influence of China’s belt and road strategy PGII follows Western announcements for Prosper Africa Initiative, Build Back Better World and Global Gateway, all intended for projects in the developing world Greater infrastructure spending would be welcome in Africa, where there is a huge financing gap, but African…
By Duncan Miriri and Joe Bavier THIKA, Kenya (Reuters) – Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels in the thought some might soon go to the crown jewel of emerging consumer markets: China. Taking advantage of Beijing’s deeper focus on trade with African countries to…
The European Parliament on Thursday backed a report advocating the use of trade policy to equalize relations between African countries and the European Union. “For too long, Africa has been reduced to a supplier of raw materials, with the result that the continent’s immense economic potential remains untapped,” Kathleen Van Brempt, a Belgian Social Democrat member of the European…
KIGALI, Rwanda (AP) — Leaders of Commonwealth nations are meeting in Rwanda Friday in a summit that promises to tackle climate change, tropical diseases and other challenges deepened by the COVID-19 pandemic. The summit for Commonwealth heads of state in Kigali, the Rwandan capital, is the culmination of a series of meetings earlier in the week that have reported…
Today, Rwanda is a melting pot of official languages. Although more than 99% of Rwandans speak Kinyarwanda – a Bantu language and the country’s mother-tongue – Rwanda has three other official languages: French, English and Swahili. How did the Central African nation end up with four official languages? Looking at the country’s language policies and history can help us…
By Adegboyega Oyedijo There is no doubt that globalisation has benefited Africa greatly. This includes job creation, innovation, increased productivity and foreign direct investment. But global value chains are shifting in the wake of the COVID pandemic and Russia’s ongoing invasion of Ukraine. These changes are informed by the decisions of various companies to shift or move their manufacturing…
KIGALI, June 23 (Reuters) – Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief. Africa was hit hard by the economic fallout from the coronavirus pandemic. Now, as many countries are still struggling…
Summary The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent, IgbereTV reports Adesina, who stated this at the Commonwealth Business Forum in Kigali, Rwanda, criticized the structure of the existing commercial banks on the continent. He said the current financial institution model…
Summary The crypto market, known for its wild price swings, has shed more than half of its value since November last year as investors pulled out money from riskier assets amid worries over soaring inflation and rising interest rates. The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into…
Senegal international Sadio Mane is set to become Africa’s highest-paid footballer, overtaking Liverpool forward Mohammed Salah and Manchester City star Riyad Mahrez. The 30-year-old Mane is joining Bundesliga champions Bayern Munich next summer after a £31.5 million buyout clause was activated. Mane who is traveling to Germany tomorrow for medical tests, has agreed on joining Bayern with his new contract…
Summary The Corporate Council on Africa (CCA) has officially launched the 2022 U.S. – Africa Business Summit website which is now open for registration. The Summit, themed ‘Building Forward Together,’ will be held in Marrakech, Morocco on July 19 – 22, 2022 in partnership with the Kingdom of Morocco and Africa50 (the pan-African infrastructure investment platform). The Summit will…
The African continent has made steady progress over the last four decades – surviving high levels of poverty, various natural disasters (such as drought and floods), diseases, political instability and high levels of migration. And when the health pandemic struck, Africa’s resilience was tested yet again. COVID-19 pushed millions of households further into poverty due to its disruption of…
Pope Francis has fuelled the rumour mill with a postponed Africa trip and the curious timing of an upcoming meeting of cardinals — but experts caution against assuming a resignation is nigh. Hobbled by pain in his knee and forced to use a wheelchair in recent weeks, the 85-year-old pontiff postponed a July trip to the Democratic Republic of…
Amazon, a global e-commerce technology company, is reportedly set to expand to African countries including South Africa and Nigeria in 2023, according to news that was first published by Business Insider. Belgium, Chile, and Colombia are also among the five markets that the giant e-commerce company is set to penetrate next year, according to leaked documents that were seen by…
With 92 million girls and boys in child labour — one in five children — Africa is the most-affected region in the world. Eliminating child labour worldwide will not be achieved without a breakthrough here. This is not justifiable. Children have the right not to work. Children trapped in child labour today are the unskilled labour force of tomorrow….
Armed with pen and inkMind that blinks with witTime and space the limitVenting poison the vermin Searching the souls and heartsHealing the wounds and bruisesThough pricking with agitationWith emotions that will killPoetry the vehicle of vengeance Poetry the treasure of wisdomIts life spanning evolutionIts voice smoothing like oilThat anointed kings of empiresPoetry the mother of all arts Poetry the…
The Board of Directors of the African Development Bank approved the creation of a virtual academy to build public financial management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local training as well as through policy dialogue. The academy, hosted within the African Development Institute of the African Development Bank Group, will deepen…
A Policy Position Paper by Maida Waziri The position of this paper is that there is an urgent need to address the lacuna in development policies, laws and regulations about cottage (home based) industries. If addressed cottage industries will be able to establish business linkages, partnerships and subcontracting relationships to complement small, medium and large industries. Failure to recognize…
Summary Magnitude of problem, slow progress makes it impossible for Ethiopia to meet deadline, say experts Ethiopia faces an uphill task to meet the UN deadline to abolish child labor by 2025, as millions of children still work in various sectors in the rugged, landlocked country located in the Horn of Africa. On the eve of World Day Against…
Summary The increased exports to the neighbouring country has forced the Tanzania Revenue Authority (TRA) to post its officials to Mombasa and Nairobi to facilitate pre-arrival clearance of goods Arusha. Tanzania exported goods worth $ 118.6 million in the first quarter (January to March) of this year, it was revealed on Wednesday.The increased exports to the neighbouring country has…
The National Basketball Association (NBA), Nigeria Office and its partners, Exxon Mobil Nigeria and Africare have organised a basketball clinic and mentoring sessions for secondary school students in Abuja to teach them the fundamentals of the slam and dunk game and also equipped the students with life skills for the future. The one-day programme held in Abuja, on Thursday,…
In the early 1700s, Great Britain reached a new milestone. After its people had invested plenty of research and resources into food production, their agricultural revolution resulted in a food surplus. As a result, the Brits needed to find innovative ways to process their swelling harvest. At the same time, Britain had massive supplies of cheap coal. And since there was…
There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed…
As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry. According to the numbers presented by StockApps.com, the African eCommerce market will reach annual revenue of $46.1 billion by 2025. Africa is shaping up to be the next hotbed for internet-based businesses. As smartphones and the internet become…
By Virusha SubbanPartner specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie. Trade between China and Africa is growing. The General Administration of Customs of China recently noted that bilateral trade between China and Africa amounted to US$254.3 billion in 2021, an increase of 35.3% from 2020. In the first quarter of 2022, China’s Customs…
Summary Egypt has successfully launched a new satellite dubbed Nilesat 301 on the SpaceX rocket Falcon 9 from Florida. The launching and the separation of Egypt’s new satellite Nilesat 301 from the Space X Falcon 9 rocket was broadcasted live. The new satellite was successfully launched into space at 11:03 pm Cairo Local Time, and the first signal was…
South Africa will consider the adoption of more official languages as a way of recognising people who have historically been repressed in the country. Parliament’s Joint Constitutional Review Committee (JCRC) received a presentation this week on potentially amending the Constitution to recognise Khilovedu and Kiswahili as official languages in South Africa. Co-chairperson of the committee, Prof Mathole Motshekga, said…
(RTTNews) – Swedish audio streaming platform Spotify Technology S.A. said it aims to reach a billion users over the next eight years, by 2030, and $100 billion revenue annually in the next 10 years. In its first investor day since going public in 2018, in New York, the company said it expects high-margin returns from its expansion into podcasts…
The football World Cup 2022 is set to kick off at the end of this year. Fans are anticipating the African players who will or will not be playing for their nation in Qatar this year. Bettors are already frantically placing their bets on sites like Betway casino. #FeaturebyLihet – Amongst the lot who will miss out this year,…
Communications minister Khumbudzo Ntshavheni says South Africa is ready to launch its first communications satellite as part of a growing push to expand internet connectivity. Speaking at the World Telecommunication Development Conference on Wednesday (8 June), Ntshavheni said the satellite will address both media and broadband connectivity objectives. It will also help entrench the country’s ‘technology and data sovereignty’,…
Summary The number of Tanzanians living in exile remains unknown but some high profile names include former Presidential candidate Tundu Lissu and legislator Godbless Lema. Dar es Salaam. Minister for Home Affairs, Hamad Masauni has asked Tanzanians who left the country to seek refuge due their safety to come back because the country is safe He made the remarks…
08 Jun, 2022 Naibu Katibu Mkuu Wizara ya Fedha, Bw. Lawrence Mafuru (kulia), akizungumza na Viongozi wa Equity Bank Group Bw. Brent Malay (katikati) na Mkurugenzi Mtendaji (Tanzania) , Bi. Isabela Maganga, Jijini Dodoma. Na Benny Mwaipaja, Dodoma Naibu Katibu Mkuu Wizara ya Fedha na Mipango, Bw. Lawrence Mafuru, ameihakikishia Benki ya Equity Group kwamba Serikali iko tayari kushirikiana na…
Arusha, June 6, 2022: In starring and guiding The Royal Tour Film, President Samia Suluhu Hassan has shown how Tanzania tourism remains one of the best globally, and despite the shortcomings brought about by COVID, it will rise. The sentiments have been made by Arusha based tourism entrepreneur and operator Ms Michelle Mrema, the founder and managing director…
Dar es Salaam, Tanzania: June 2, 2022 Tanzania is racing to be East Africa’s rice hub by meeting in totality the regional need for the food crop. The 4th largest producer of rice in Africa and the second-largest in Eastern & Southern Africa, has put in place adequate plans and measures to increase rice production annually, set to reach…
BET announces the “BET Awards” 2022 nominees with Doja Cat leading the pack with six nominations. This year’s nominees reflect an abundance of creative expression and Black excellence across music, television, film, and sports. Hosted by Academy Award®-nominated and Golden Globe®-winning actress, writer, director, producer, and philanthropist Taraji P. Henson, “BET Awards” 2022 will air live on Monday, 27…
By Reginald Mengi I come from a very humble background and growing up I had to endure extreme poverty. I had no clothes or shoes, many times I went without meals and I slept with livestock in the same mud hut. But it is a fact, that it is possible for a person to change their living conditions through…
By Dr Reginald Mengi, 14th May 2015 The peoples of East Africa who are the intended beneficiaries of the EAC’s integration are bound by very strong political, economic and social relationships and share a common history, culture and infrastructure, civil society organizations and community based organizations. They provide a key tool for the success of the integration. The process…
By Maida Waziri A time has come if the law of 30 per cent tenders to women, youth, and the disabled are followed in the construction industry, that would be one of the greatest empowerment drives. It could lead to new employment for thousands of women in the industry. That there is a great need to motivate and inspire…
(Reuters) – Russian President Vladimir Putin will discuss the growing world food crisis with the chairman of the African Union on Friday and give him an “exhaustive” explanation of what is really happening with Ukrainian grain, the Kremlin said. Putin will meet Senegalese President Macky Sall, chairman of the AU, in Sochi later on Friday.
The continent’s beauty industry is expected to be worth $14 billion by the end of 2022 For beauty junkies living on the second-most populous continent, the wait is finally over. Last week, pop music sensation and style mogul Rihanna announced that she’ll finally begin selling her Fenty Beauty products in Africa. Here’s everything you need to know: What is Fenty Beauty?…
Raila Odinga holds a German qualification called Dipl-Ing from Madgeburg in the then East Germany. This institution has since come together with others to form Otto Von Guericke Universitat since 1993 (Raila’s name is listed among prominent alumni of this university). Previously, Madgeburg offered technical programmes in Engineering and related disciplines. Dipl-Ing or Dip-Ing is a short form for…
Summary Investment in Tanzania brings a much wider scale of benefits to the economy especially after the government reshuffled the investment sector Tanzania is one of the most attractive investment destinations LNG is one of Tanzania’s hot investment pockets Tanzania-Uganda are now oil economy partners Tanzania is one of the most attractive places for investors in Africa including East…
By Elly D. Kimbwereza, Tona Lodge (tonalodge.org) I believe that Tanzania’s heritage of its cultural values should be recognized as our country’s most precious resource coupled by our wild land and animals because the rewards of wildlife and nature conservation can be reaped sustainably through multi- use tourism benefiting not only tourists but Tanzania’s land, animals and rural communities….
Summary According to the Energy and Water Utilities Regulatory Authority (EWURA), effective Wednesday, the retail price for petrol is Tsh2,994 ($1.28) from 3,303 ($1.42) per litre, diesel Tsh3,126 ($1.34) down from Tsh3,452 ($1.48) per litre, while kerosene prices remain unchanged. Tanzania has reduced the cost of fuel effective Wednesday following the Tsh100 billion ($43 million) fuel subsidy the government…
Convened by the UN Global Compact, Chief Executive Officers from across Africa announced the launch of the Africa Business Leaders Coalition (ABLC). The Coalition will provide a platform for African business leaders to have a unified private sector voice as they actively and meaningfully engage to work on the continent’s most pressing issues through an organized, forward-looking, principles-based approach. The…
As the developed world demands emissions cuts, African leaders are asking whether it is possible to industrialise on green energy alone In Hell’s Gate, a two-hour drive north of Nairobi, steam gushes out of the earth’s crust, generating a renewable form of energy that supplies almost half of Kenya’s current electricity needs. The steam is captured in miles of…
Summary The trophy is accompanied in the country by Brazilian footballer Juliano Belleti President Samia Suluhu Hassan has on Tuesday May 31, 2022 received the 2022 FIFA World Cup trophy at State House Dar es Salaam. The coveted Fifa World Cup trophy has arrived in Tanzania for the much-awaited, two-day tour. The trophy is on a world tour ahead…