Our Correspondent | Africa Guardian The Global Africa Business Initiative (GABI) has highlighted the crucial role of the African Continental Free Trade Area (AfCFTA) and inclusive trade in unlocking Africa’s vast economic potential. GABI emphasizes that these strategies are essential for spurring economic growth, reducing poverty, and creating jobs across the continent. Ahead of its 2024 flagship event, “Unstoppable…
By Edson Baraukwa | Africa Guardian The China-Africa Summit, a three-day event in Beijing, aims to foster joint development between China and Africa under the Belt and Road Initiative (BRI). A key focus of the summit will be aligning development strategies for African countries and enhancing connectivity to promote modernization and build a future-oriented society. China’s interest in Africa…
By Elizabeth Antidius Shumbusho | Africa Guardian Africa stands on the brink of a technological revolution, powered by a rapidly growing young population eager to adopt digital skills and tools. With a significant portion of its population under the age of 25, as highlighted by recent data from Wikipedia, the continent is uniquely positioned to leverage technology and bypass…
• The two global powers are aggressively entering the emerging African nuclear energy market with custom solutions • They’re offering knowledge transfer skills and educational partnerships to countries with nuclear power ambitions The United States and Russia are looking to increase their influence in the nascent African nuclear energy market as more African countries seek to pursue power generation from…
By Chisom Michael Africa plays a crucial role in the global oil market, with the continent holding a significant portion of the world’s proven oil reserves. Africa’s oil reserves represent approximately 7.5% of the global total, serving as an essential energy source for both the continent and international markets. The oil industry is a key component of economic growth…
From championing economic growth to challenging poverty, the awards shine a light on women who redefine leadership and success The Sebenza Women Awards ceremony, held at the Durban International Convention Centre (DICC) on October 6 2023, was a swirl of black and gold decor. The ceremony was in recognition of the important role women play in society, and in…
TANZANIA’s Government is currently attracting more investors thanks to deliberate efforts to improve business environment. According to a Dubai-based Surfaces Furnishing Group Managing Director, Mr Rashid Yousif, the move has propel the flow of foreign direct investment to Tanzania. “Tanzania has simplified its business procedures, making it easy for investors to inject their capital in key and strategic investment…
The World Bank has blamed the re-emergence of parallel currency exchange market in Nigeria on resistance toward the increasing pressure on the naira and the limited supply of forex at the official window. The Bank, in a report released on Wednesday in Washington DC, said the premium between the parallel exchange rate and the official rate widened from March…
・Business Insider Africa presents the top 10 most rewarding African countries to do business in 2023. ・This list is derived from Oxford Economics Africa’s report titled “The Africa Risk-Reward Index.” ・The research is based on the assessment of 3 major factors. Businesses have the option to go beyond national boundaries for new markets and investment opportunities in today’s globally…
Story by Brenda Kanana In a significant address at the 11th Digital Africa Conference and Exhibition, the Executive Vice President and Chief Executive Officer of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, shared key perspectives on Africa’s journey towards leveraging Artificial Intelligence (AI). Avoiding any detractions, Professor Danbatta highlighted the pivotal role of power supply, collaboration, and…
The International Monetary Fund (IMF) Deputy Managing Director Bo Li has concluded his visit to Tanzania with a firm commitment towards supporting the country’s efforts in unlocking its development potential. Mr Bo applauded the Tanzanian authorities’ efforts in implementing the country’s economic reform agenda. “I commended the authorities’ commitment to preserving Tanzania’s macroeconomic stability in a challenging global environment,”…
DAR ES SALAAM, – Tanzanian Vice President Philip Mpango on Tuesday urged regional and multilateral financial institutions to do more to devise innovative financing solutions in support of Africa’s drive to accelerate human capital development. “Human capital investment is long-term in nature and thus requires low-cost financing with long-term maturity,” said Mpango when he opened the technical session of…
This is the first time the conference has been held in Tanzania or on the African continent. Dar es Salaam. Tanzania is expected to host the Africa Heads of State Human Capital Summit (HCS), which will discuss investment in human resources. The Summit to be held on July 25 and 26, 2023, under the theme “Accelerating Africa’s Economic Growth:…
Summary Key development projects to be executed include expanding irrigation infrastructure to stimulate agricultural productivity and economic growth Dar es Salaam. The government will spend Sh198 billion more on agriculture development projects in the next financial year after increasing its total budget for the sector to Sh970 billion. Key development projects to be executed include expanding irrigation infrastructure to…
Summary Tanzania has floated East Africa’s largest-ever domestically manufactured fresh water passenger and cargo ship, the MV Mwanza Hapa Kazi Tu, on Lake Victoria. The ship, launched at the Mwanza South Port on February 12, can carry 1,200 passengers, 400 tonnes of cargo, 20 small vehicles and three trucks. It is currently 82 percent complete. “Up to this point…