ETHIOPIA has cancelled its plan to offer a new telecoms licence that would have brought a third company into the market, compete with Ethio Telecom and Safaricom. The Ethiopian Communications Authority (ECA) said in a note to the industry that…
THE Central Bank of Nigeria (CBN’s) total foreign exchange (forex) sales to commercial banks declined to $1.65 billion in August 2021 from $2.05 billion in July. bIt dropped to current new low despite the apex bank’s stoppage of weekly dollar…
CHINA is transforming Kenya and the rest of Africa through infrastructure projects and investments. Many Africans welcome the developments, while others worry about Beijing’s motives and the long-term impact on their countries. With China’s Belt and Road initiative bringing temporary…
THE African Development Bank (AfDB) has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone. The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness…
‘SO great has this government’s commitment to education been that public expenditure on education has almost doubled from GH¢20.7bn (about $32.4bn) between 2013 and 2016, that is in the Mahama era, to GH¢40.4bn between 2017 and 2020, that is in the…
AIRLINES have been torn on what to do with the Airbus A380 as the COVID-19 pandemic and a shift towards sustainability in the sky has forever changed how people travel. Some airlines have opted to retire the A380 while others…
THE bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape, reveals that Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy,…
AFRICA’S call for a just and inclusive energy transition has been answered through the European Union’s landmark proposal to label natural gas as a ‘green’ energy source. Historically, Africa has always fought for sustainable development because we know, first-hand, the…
A MAJOR fire broke out at South Africa’s seat of parliament in Cape Town early Sunday, sending a thick column of smoke into the sky and threatening the National Assembly building. The fire was believed to have started in one…
ETHIOPIA is set on January 1 to lose key trading privileges in the United States over rights concerns, despite a last-minute push backed by diaspora members who warn that Washington could lose an ally. President Joe Biden on November 2…
