Tag Archive for: Economy

All Africa

Mayor’s Private Sector Conference

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https://www.youtube.com/watch?v=sYjwT8ErH3U
All Africa

African companies prefer trading with non-African countries, ignoring local FTAs

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African exports to other continents surpass the continent’s intercontinental trade, the United Nations Conference on Trade and Development (UNCTAD) has found, with Africans preferring import tariffs provided by the United States, European U…
African News

Kenyan traders protest against Chinese competitors

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The demo comes in the wake of controversy elicited by the coming of China Square retail outlet of general merchandise whose prices are on average 45 percent lower than those prevailing in locally owned enterprises, local media reports. China…

World Bank projects that East Africa will get richer under African Continental Free Trade Area

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According to the World Bank, the African Continental Free Trade Area (AfCFTA) has been well-designed to strengthen the economies of East Africa. This will be accomplished, among other things, by lowering trade expenses related to trade…
All Africa

South Africa must priorities decarbonization, as $1.5bn of exports to EU are at risk

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South Africa should priorities its decarbonization strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase wh…
IMF

Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF

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Just when Africa’s economy appeared to be recovering from the COVID-19 pandemic, a range of internal and external shocks struck such as adverse weather conditions, and the Russian invasion of Ukraine – all of which worsened already rapidly ris…
All Africa

Moroccans struggle to secure basic needs as prices rocket

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Moroccans visiting this vegetable and fruits in the city of Sale have been finding it harder and harder to buy from it. As inflation continues to rise, many people in the country are finding themselves priced out of certain things, including…
Telecom paper

Safaricom cuts interim dividend for first time after profit drop

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Safaricom has trimmed its interim dividend by Sh2.4 billion on the back of reduced earnings in the half-year period, marking the first cut since it started distributing profit to shareholders before the end of a financial year. The giant…
All Africa

Lack of cash crumbling business activities, livelihood in Nigeria

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Africa’s most populous country Nigeria has withdrawn 200-, 500- and 1000-naira notes from circulation following the redesign of the Nigerian currency. On 26 October 2022, Nigeria's Apex bank the central bank of Nigeria CBN announced the i…
Business Daily

Ethiopia eyes Sh19bn fee for M-Pesa entry

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The Safaricom-led consortium in Ethiopia will pay $150 million (Sh18.9 billion) as license fees to roll out M-Pesa in the populous nation if the proposed regulations by the Horn of Africa country are passed. The amount referred to as…
All Africa

AU Tackles Conflicts, Targets More Trade

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The African Union summit has tackled conflicts in the continent by dealing with troubled spots decisively, President Mnangagwa said yesterday when calling on African states who have yet to do so to accede to the Free Trade Area Protocol…