Nairobi — A Kenyan-grown financial consultancy firm, AVLC Group, has been picked by MC Telecom, a Kinsasha-based firm, to offer lead consultancy services in the construction of a multi-billion-shilling smart city in the capital of the Democratic Republic of Congo. The state-of-the-art project dubbed Kasangulu Smart City covering an imposing 40 hectares of prime land […]
Tag: Business and Finance
President Dr. Lazarus Chakwera has dared organizers of the endless demonstrations, vowing that his administration will not reward them for mobilizing Malawians to the streets on frivolous reasons. Chakwera made the sentiments in Ntchisi on Thursday when he presided over the launch of the second phase of the Agricultural Commercialization (AGCOM) Project. Chakwera said he […]
Khartoum, Jan. — School dropout is a complete or partial interruption of going to school, It is a phenomenon that is not only related to education, but extends to the economic system, social structure and the stability of family. One of the reasons of school dropout is reasons related to student himself such as Learning […]
Two recent disasters in Morocco and Libya highlight the deadly consequences of outdated infrastructure in the face of natural hazards. Extreme weather events such as floods, droughts, and heatwaves are becoming more frequent and intense. These events are displacing millions of people and causing significant damage to roads, power grids, and other vital infrastructure, disrupting essential […]
Mr Emefiele said that the CBN had always been supportive of INEC in whatever way possible to ensure that it delivered on its mandate of ensuring hitch-free elections. The Central Bank of Nigeria (CBN) says the naira re-design won’t affect the 2023 general election, as it will provide the required cash and other support needed […]
While Africa shows many opportunities for the future, it is now a question of knowing how to exploit these opportunities for inclusive growth of the continent, and the rest of the world. Prime Minister Edouard Ngirente made the remarks on Monday, November 27, while addressing the Kigali Economic Forum, taking place in Rwanda to, among […]
The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement additional actions, including fully sterilising the apex bank’s financing of fiscal deficits under its Ways and Means window as well as phasing out other credit intervention programmes. The multilateral lender also […]
East African Community (EAC) member states, like many African countries, struggle to collect an adequate amount of tax revenue to support needed investments in public services. Only one EAC member state, Rwanda, collected tax to GDP ratio of 15 per cent in 2022/2023 financial year, which is widely considered as a tipping point to make […]
Thirty-year-old Kenyan entrepreneur Linda Chepkwony wants to mobilise young Africans to help industrialize the continent through free trade pact Linda Chepkwony sets her sights on the sky. She dreams of becoming Africa’s first young billionaire. And she wants to help transform the continent’s economic fortunes. The 30-year-old Kenyan’s entrepreneurial journey started with the exporting of […]
Spokesperson to President Cyril Ramaphosa, Vincent Magwenya, has called on all stakeholders to work with government to resolve the energy shortage that South Africa is experiencing. Magwenya was speaking at a media briefing on the President’s schedule for the rest of this month. Magwenya’s call comes on the back of President Ramaphosa’s announcement during the […]
Zimbabwe continues to consolidate its position as a major lithium producer globally, with Bikita Minerals having ramped up petalite production to 60 000 tonnes annually after a Chinese firm, Sinomine, beginning last year, injected US$200 million to increase output. Sinomine last year acquired Bikita Minerals and announced a US$300 million investment to hike production and […]
Developing countries including Ethiopia face budgetary deficits that require to be minimized if not removed. Such deficits involve a combination of fiscal discipline, effective revenue generation and strategic management of expenditure. Fiscal discipline refers to the practice of maintaining a responsible and sustainable approach to fiscal policies and management of public finances. In the developing […]
President Muhammadu Buhari has addressed Nigerians on the issue of currency swap policy of the Central Bank of Nigeria, CBN, which has hindered economic activities in the country due to scarcity of the old and new notes. The President directed that the old naira notes, ranging from the N200, N500 to N1000 remain legal tender […]
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Nigeria: Far From the Middle Ground
The presidential reissue of old N200 notes will not resolve the political and social crises precipitated by the new monetary policy. Only a political novice would have failed to anticipate the growing violent protest of the implementation of the new naira notes monetary policy. Once it was perceived as a political initiative to disadvantage a […]
The level of participation of foreign investors in the Nigerian stock market has fallen to 11 per cent, as the exit of foreigners from the local bourse continues, an official of the exchange has said. “We have seen a gradual slowdown of foreign participation in the market. From the highs of over 60 per cent […]
Economic growth and development cannot be achieved without the availability and the provision of appropriate economic and social infrastructure. The need to improve the quality and extent of infrastructure services in Rwanda is, therefore, the cornerstone of achieving sustainable and inclusive economic growth, creating a knowledge based economy and ultimately a better quality of life […]
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Tanzania: Govt Elevates Transport Sector
TANZANIA: THE government has expressed commitment of continuing transforming transport sector by instituting a number of measures, including ensuring all major corridors are accessible throughout the year. Prime Minister Kassim Majaliwa expressed the commitment on Thursday when speaking to transportation stakeholders who attended the launch of digital data base for truck drivers in the country […]
To meet the goals of the Paris Climate Agreement, the SDGs and Africa’s Agenda 2063, the world must decarbonize its growth models and shift to renewable energy sources, the Acting Executive Secretary of the Economic Commission for Africa (ECA), Antonio Pedro, has noted. He was speaking during a panel discussion on ‘Building a regional battery […]