Business leaders, technology partners and SAP experts met this week to discuss the role and potential of innovation to power East Africa’s economic development and growth. Hardeep Sound, Regional Sales Director: Emerging Africa at SAP, noted that organisations throughout the region are investing in business transformation and technology for greater efficiency and resilience. “Interest in business AI and cloud…
By Luca Vignati Africa is a continent with a growing economy demanding sustainable development for its millions of inhabitants. This is particularly true as it is such a “young continent” in terms of population age. At the same time, the continent is blessed with multiple energy opportunities to fuel this transition phase – from oil to gas to renewables, such…
THE KIZIMKAZI Festival offers a valuable opportunity for Unguja South Region to enhance its appeal as a leading tourism destination, the Zanzibar authorities believes. President Dr Hussein Ali Mwinyi made this remark at the launch of the 2024 Kizimkazi Festival here yesterday, affirming that it has a role in transforming the economy. The week-long festival plays a significant role…
Stay of application and duty remission for industrial inputs are part of measures adopted n 2020 by the EAC The East African Community Secretariat has cautioned the private sector in partner states against frequent requests for stay of application of tax on products that are readily available in the region. Speaking during the Kenya Private Sector Alliance (Kepsa)-EAC Secretary-General…
With geopolitical confrontation and tensions deepening, the key global players are swiftly turning their focus on Africa. In practical terms, African leaders are also making strategic choices based on their development paradigms. These leaders are forced to work on their election campaign promises, especially those relating to economic development and set comprehensive targets for improving performance. After the presidential…
Africa’s premier youth entrepreneurship initiative the Anzisha Prize this month announced the 2024 Prize winners at their annual Entrepreneurship Education in Africa Awards (EEA) gala event held in Johannesburg, South Africa. The overall winners were Mathias Yabe, Nzinga Antonio, Sharon Alyorneku and Ivo Bonfirm. Each prize, while distinct recognises the ability of the winners to successfully transform their business. Not…
In Central and West Africa (CWA) region, young people are at the forefront of many transformative initiatives. Their creativity and resilience are evident in various fields, from technology, entrepreneurship to environmental conservation. International Youth Day offers an opportunity to recognise and celebrate these contributions, while also addressing the barriers that still need to be overcome. The 2024 theme, “From…
SOME unpredicted gatherings come up in the nick of time when something massive is indeed happening, with such consultations helping to unlock a riddle relating to a rise in havoc or chaos in African economies and the continent’s political landscape. Those who have been friends some major power don’t have much to show for, as major economic powers have…
During a press conference, David Shaw, Senior Vice President of the American MMA promotion UFC, addressed inquiries about when the organization plans to hold a tournament in Africa. According to Shaw, the timing will depend on the approval of UFC President Dana White. Should White give the green light, the organization will begin planning the event immediately. However, Shaw…
United Nations Office for the Coordination of Humanitarian Affairs (New York) Aid workers on the frontlines of the world’s conflicts are being killed in unprecedented numbers, OCHA said today as it marked World Humanitarian Day. With 280 aid workers killed in 33 countries last year, 2023 marked the deadliest year on record for the global humanitarian community. This outrageously high…
Written by Abbey Makoe AFRICA’S role, or lack thereof, came into sharp focus when the UN General Assembly debated under-representation of the continent in the global governance system, particularly at the UN Security Council. The debate, which took place at the beginning of the week, was called by Sierra Leone, whose leader, President Julius Maada Bio, made a compelling…
“Tonight Africa won regardless,” said a victorious Dricus du Plessis after submitting Israel Adesanya to retain his middleweight title at UFC (Ultimate Fighting Championship) 305 in Perth, Australia, on Sunday. In its 31-year history, UFC has become one of the most popular sporting tickets in town. But the build-up to this contest highlighted a part of the world that…
Rwanda’s President Paul Kagame says he might introduce a tax on church collections, seeking to tame what has turned out to be extortion and exploitative tendencies by evangelical clerics. In his first address after taking a new oath of office this week, the Rwandan head of state, strongly criticised church leaders who masquerade under the cover of God to…
The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend development plans, or into alternative local sourcing. Nj Ayuk, the chamber’s executive chairman, told The EastAfrican that by refusing to bankroll Africa’s oil and gas projects, with a direct…
Somalia’s semi-autonomous state of Puntland executed 10 fighters from Islamist militant group Al Shabaab on Saturday, the region’s police said in a statement. The executions, by firing squad, in Galkayo in the state’s Mudug region, followed a trial of the fighters in a military court where they were sentenced to death for involvement in assassinations and bombings in several…
The Government of Tanzania has launched the construction of a new capital city, with a price tag of $5 billion. The city, named Magufuli, would be a new administrative capital for the East African country, located 17 kilometers from the current capital, Dodoma. It would house mainly government buildings and services, and cover over 617 hectares of land. Named…
The lack of financing options, particularly for small and medium-sized enterprises (SMEs), stifles innovation and hinders business growth. Africa is rapidly positioning itself as a key player in the global manufacturing landscape, offering unprecedented opportunities for growth and investment. With manufacturing contributing over 10.5 percent to the continent’s GDP, Africa is on the cusp of a manufacturing revolution, driven…
Demographic trends define Africa as the world’s fastest-growing region, with its population potentially doubling by 2050. As the continent achieves significant progress in the control of infectious diseases, the rise of non-communicable conditions, in parallel with the possibility of emerging pandemic pathogens, is adding more pressure to already strained healthcare systems and posing challenges to continental development ambitions. According…
The current global financial architecture faces significant challenges in addressing the financial needs for climate action, sustainable development, and debt management. The calls for reform are growing louder, seeking to create a more equitable, inclusive, and sustainable financial system. Increasing the representation of developing countries, particularly African nations, in global economic decision-making processes is crucial for the continent’s development…
Tanzania ranks second in tobacco production in Africa after Zimbabwe. TANZANIA is the second main tobacco producer in Africa after Zimbabwe, a milestone achieved following President Samia Suluhu Hassan’s decision to change policies and attract investments while enabling farmers to access inputs. Agriculture minister Hussein Bashe made this observation here yesterday in remarks to welcome President Samia to place…