TANZANIAN authorities announced on Friday that they have drawn a strategic plan for the construction of an ambitious manufacturing industry by 2025 in the East African nation. A $3bn manufacturing industry investment plan will enable the country to trade in…
ACCORDING to the latest data from the Kenya National Bureau of Statistics (KNBS), the Kenyan economy rebounded from Covid-19-led woes in 2020 to grow by 7.5 percent in 2021. This is the highest rate of growth for the Kenyan economy…
TRAFIGURA Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show. Under the agreement, Trafigura will be paid $225.6…
BITCOIN is not a cure-all for Africa’s economic woes, the IMF warned Thursday, after the Central African Republic adopted the cryptocurrency as legal tender. The head of the IMF’s African department, Abebe Aemro Selassie, said that a ‘robust’ payment system…
THE Central African Republic on Wednesday became the first African country to adopt Bitcoin as an official currency, becoming only the second in the world to do so. A bill governing the use of cryptocurrency was adopted unanimously by parliament…
KANO State Agro-Pastoral Development Project, KSADP, has awarded contract worth N68, 652, 601. 21, for the construction of a Veterinary Reference laboratory at Gwale Vet Clinic, in Kano. Veterinary reference laboratories are service facilities where several vital functions related to…
ZAMBIAN President Hakainde Hichilema thanked China on Monday for joining international efforts to help his country to restructure its debt after China committed to joining Zambia’s creditor committee at International Monetary Fund meetings last week. Meanwhile IMF Managing Director Kristalina…
GLOBAL food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Market Outlook report. In its first…
THE Russia-Ukraine conflict has deepened Ghana’s macroeconomic imbalances in the short term, threatening its growth in the medium term, said a Ghanaian expert on Friday. Lesley Dwight Mensah, a research fellow at the Institute of Fiscal Studies, a local economic…
TANZANIAN authorities announced on Thursday plans to boost production of avocado in the 2022/2023 financial year that begins on July 1, 2022, through June 30, 2023. During the 2022/2023 financial year, the Tanzania Agricultural Research Institution (TARI) will be tasked…
