Issued by: CareerJunction The CareerJunction Employment Insights Report provides an analysis of the supply and demand trends in the online job market, to represent online labour dynamics in South Africa. The analysis and findings serve as a foundation for potential HR solutions & strategies, enabling businesses and recruitment agencies to focus on relevant occupations when developing their talent attraction…
Nairobi, Kenya — A leading global risk consultancy says that despite the impacts of the war in Ukraine, global inflation, climate and security challenges, Africa continues to find resilience. A new report by Control Risks and its economics consulting partner, Oxford Economics Africa, finds that as global tensions create disruptions, they are also providing many African governments significant political,…
African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost prosperity, but this depends on their ability to harness key market and investment trends, the UN’s trade and development body UNCTAD said on Wednesday. In a new report, UNCTAD shows that Africa can become a major exporter of higher value-added goods, creating growth…
African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost prosperity, but this depends on their ability to harness key market and investment trends, the UN’s trade and development body UNCTAD said on Wednesday ___ Source here
A new report released by the Tanzania central bank show domestic economy will remain stable despite the global economy being exposed to tightened financial risks, the War in Ukraine and cumulative effects of the Covid-19 pandemic Dar es Salaam. Although the global economy is exposed to tightened financial conditions, climate-related risks, ongoing war in Ukraine, and the cumulative effects…
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,”…
For the continent to reap demographic dividends, especially in the transformation of its economy, African governments in collaboration with a private sector and Civil Society Organsations (CSOs) should throw the weight behind investing in human capital development. Addressing delegates of the Africa Human Capital Heads of State summit held at Julius Nyerere International Convention Centre (JNICC) in Dar es…
THE Vice-Prime Minister of Cape Verde Dr Olavo Correia has appealed to fellow African countries to embark on new practices that will help the continent to move faster in bringing an impact on its population. Dr Correia extended the call during the Ministerial Technical meeting held at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam, on…
The ongoing cost of living protests backed by the opposition in East Africa’s largest economy are having a ripple effect in the entire region as businesses are disrupted amid uncertainties over lasting resolution. Local transporters and commodity exporters are still worried over the deteriorating situation in Kenya caused by persistent anti-government protests Arusha. The flow of cargo trucks looked…
TANZANIA has the potential of transforming its economy and become a leading nation in Africa if will properly implement agroforestry programme. Minister of State, Vice-President’ Office (Union and Environment), Dr Selemani Jafo said that agroforestry is a key tool for both climate change mitigation and adaptation, as trees help store large amount of carbon. He made the remarks during the launch…
Africa Business Weekly on CNBC Africa brings you the most impactful business stories across sub-Saharan Africa every week. From the capital markets to economic news affecting the regions from East, West ad Southern Africa, we will speak to the major newsmakers from across the sub-Saharan Africa region to get exciting and unique angles to the stories shaping the continent.
All around the world, a backlash is brewing against the hegemony of the US dollar. Brazil and China recently struck a deal to settle trade in their local currencies, seeking to bypass the greenback in the process. India and Malaysia in April signed an accord to ramp up usage of the rupee in cross-border business. Even perennial US ally France is starting…
Prices at the pump almost tripled at service stations in Nigeria after the new President announced on Monday that he would end fuel subsidies, journalists observed on Wednesday in several towns across the country.Bola Ahmed Tinubu, who had just been sworn in as president, had declared on Monday that he would end fuel subsidies, one of his campaign promises,…
Nigeria’s president-elect Bola Tinubu has made the right noises about reform but investors should remain cautious. Opinion by Selebia Etomi Foreign investors may feel guardedly optimistic as Nigeria’s president-elect Bola Tinubu prepares for office, since he has professed a willingness to introduce much-needed reforms to improve the business environment. Caution, though, must be the watchword, given uncertainty over how…
As presently constructed, Kenya stands as East Africa’s second largest economy in terms of overall GDP, second only to Ethiopia. However, Kenya’s spot as the subcontinent’s second largest economy could change within the next decade owing to the rate at which East Africa’s 3rd largest economy, Tanzania is growing. This prediction is based on a report issued by the…
The unusually heavy presence of US security staff encircling US Vice-President Kamala Harris during her arrival at Kotoka International Airport in Accra, Ghana, on Sunday was a vivid sign of Washington’s psychological distance from Africa. Harris said that she was “very excited” about the future of Africa upon her arrival in Accra. But she should have done her homework…
Summary President Samia Suluhu Hassan’s pro-business approach has restored domestic and foreign investors’ trust and confidence Dar es Salaam. The ongoing efforts to improve Tanzania’s business climate have had a positive outcome on the attraction of investments, with latest data showing a 173 percent rise in the amount invested in the country during the past two years. Data from…
Egypt has joined Africa Finance Corporation, the continent’s infrastructure solutions provider, as the first North African sovereign shareholder, further diversifying AFC’s expanding equity investor base. Egypt’s Minister of Finance, H.E. Dr Mohamed Maait. PH0T0 | Supplied An AFC Member State, Egypt’s equity commitment and its imminent representation on the AFC Board of Directors enhances the Corporation’s pan-African spread of…
The United States and China have downplayed concerns of Africa turning into an area of competition. African countries could use the ongoing rivalry between the United States and China to advance their own interests, with both global superpowers competing to expand their footprint in the continent, said analysts. Their comments come as more than 40 African leaders gather in…
TANZANIA’S economy is anticipated to bravely surf past the looming global recession waves, thanks to a strong laid down macroeconomic policy. Several economists said that given the country’s current economic situation, which received notable praise from the World Bank, the impact of the recession will not be severe compared to peer economies. Early this week, the World Bank Vice-President…