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African News Room

Mayor’s Private Sector Conference

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

Impact of Rising Inflation on Workers Across Globe

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  Inflation isn't impacting people equally, though, and for those with dependents, the higher prices are pinching families at home and abroad. Migrant workers and people who send money to relatives abroad are often saving less because…
African Business

Gold coins to the rescue in Zimbabwe

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  The introduction of gold coins by the Reserve Bank of Zimbabwe (RBZ) to mop up excess liquidity in the market and halt runaway inflation seems to be bearing fruit, at least for now. As at 22 September 2022, a total of 9,516…

Africa Must Use its Gas Reserves to Drive the Economy, Industry Officials Say

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Africa countries need to use their gas reserves to lift more people out of poverty and build industry as they try to catch up with more developed countries even while the world seeks to cut emissions, some industry officials said on Tuesday. Africa…
Business Daily

Inflation Hits 65-Month High as Subsidies End

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Kenya’s cost-of-living measure hit a 65-month high in President William Ruto’s first full month in office on the back of runaway food prices, fuel as well as home equipment and appliances, the statistics agency reported Monday. Inflation…

Amid Climate Politics, Uganda Presses on With Oil Pipeline

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  Uganda’s ambitions of joining the oil producer’s club almost entirely rest on a pipeline being built between the oil fields in the Lake Albert region and the Tanzanian port of Tanga on the east African coast. Officially…
Africa news

World Bank approves $275 million in development support for Zambia

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The World Bank has approved US$275 million in assistance to help Zambia recover from the effects of the Covid-19 pandemic and deal with the fallout from the war in Ukraine. The money is to help Zambia, which is "over-indebted", return…
CNBC Africa

South African Rand Weakens as Dollar Firms Amid Economic Uncertainty

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South Africa’s rand fell on Monday (Oct 24), following other emerging market currencies, as the U.S. dollar held firm amid global economic uncertainty. At 1538 GMT, the rand ZAR=D3 traded at 18.4275 against the dollar, 1.75% weaker…
African News Room

Enhancing the Trans-Saharan Road Corridor to Boost Trade and Economic Development

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Trade and transport corridors, the major routes that facilitate the movement of people and goods between regions and countries, have existed for millennia. The Trans-Saharan Road (TSR) corridor, one of the oldest in Africa, comprises a…
UNECA

Interlinking Intra-African Trade, Industrialization and Infrastructure Development where the guns are silent

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Africa’s governance, peace and security landscape has continued to present a very mixed picture, with progress in some countries and regions, stagnation in others and retrogression in yet others, with grave implications for the African Continental…
African News Room

Choiseul Business Summit Aims to Redefine Africa’s Economic Scope

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The Moroccan head of government kicked off the 2022 Choiseul Africa Business Forum in Casablanca on Friday. Hundreds of the most influential decision-makers in Africa were present at the summit, a positive gesture for Morocco that seeks to broaden…