KENYA is accelerating reforms in the energy sector to lower the cost of power and invest more in renewable energy in a bid to spur economic development, a government official said on Friday. Monica Juma, the cabinet secretary of the…
ZAMBIA’S Finance Minister Situmbeko Musokotwane said on Friday he expected the country to reach full agreement with the IMF in the middle of this year, after reaching a staff-level agreement for a $1.4bn support plan in December. Zambia, one of…
THE World Economic Forum’s latest report, Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa, analyses the challenges Africa faces in joining the global knowledge-based digital economy and presents a set of tangible strategies for the region’s governments…
ONLINE retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town, if a legal challenge by indigenous activists is allowed to proceed, a Cape Town court heard Thursday. Construction is already underway for…
MALI said it has obtained the support of fellow West African countries Guinea and Mauritania in its bid to bypass sanctions imposed by regional bloc ECOWAS which pose a threat to its ability to import goods. According to a statement…
GLOBAL tourism experienced a 4 percent increase in 2021, compared to 2020. However, the United Nations World Trade Organisation (UNWTO) says in a report released on Tuesday that international tourist arrivals (overnight visitors) were still 72 percent below the pre-pandemic…
GROUPS representing the descendants of South Africa’s earliest inhabitants, the Khoi and San, went to court on Wednesday to try to halt construction of Amazon’s new 70,000-square metre Africa headquarters on land they regard as sacred. The culturally-intertwined San and…
KENYA will soon commence exporting avocado to China amid growing bilateral trade between the two countries, an executive said on Tuesday. Okisegere Ojepat, the chief executive officer of the Fresh Produce Consortium of Kenya (FPC Kenya) said at a briefing…
AFRICA Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since 2018 – was increased…
FINANCE ministers from Tanzania and Burundi have signed an agreement for the construction of a $900 million railway aimed at boosting trade between the East African neighbours. The deal was inked in the western Tanzanian town of Kigoma on Sunday.…
