Mobile money has turned into the main money rail across parts of Africa. The shift looks simple on the surface, but it is big: How Mobile Money Became More Powerful Than Banks in Parts of Africa is now a real business story, not a slogan. Telecom-led wallets, agent points, and quick transfers have reached markets […]
A Bahraini entrepreneur has announced the opening of a new smart cities management firm to transform the way modern cities work and develop. The company that has been created aims at providing holistic digital solutions that improve mobility, infrastructure effectiveness and experiences among citizens. The firm is a total ecosystem that integrates technology, automation and […]
Along with Benin, Niger, which shares a 1,500-kilometre (900-mile) border with Nigeria, has been badly hit by the closure of Nigeria’s border. A long line of lorries from Niger and elsewhere in West Africa is stranded at Dan Issa. Some are full, some laden with goods. The drivers and their assistants sleep on the ground […]
President Uhuru Kenyatta’s promise that each of the 47 counties will have a state-of-the-art sports stadium remains just a promise. Documents tabled in Parliament on Tuesday painted a picture of abandoned projects with cartels taking advantage of system failures to bleed the undertaking. In their pre-election manifesto, President Kenyatta and his deputy William Ruto pledged […]
Finance Minister, Professor Mthuli Ncube has said that the two percent transaction tax will not be removed despite stakeholders including the Zimbabwe National Chamber of Commerce expressed concern over the tax. Ncube told Zimpapers Television Network on Monday, that the contested tax will be channelled towards the improvement of the country’s productive sectors to stimulate […]
European Union (EU) ambassador to Zimbabwe, Timo Olkkonen, said that the SADC anti-sanctions lobby is not convincing as the economic restrictions have a limited effect on the country’s economy. Olkkonen told Alpha Media Holdings’ HStv recently that the SADC is, however, at liberty to state what it wants. He said: Well, Sadc has the liberty […]
Minister of Finance, Mrs Zainab Ahmed, says the Federal Government has secured a $3bn loan from the World Bank. According to the Finance Minister, the loan is to be used for reforming the nation’s power sector. Mrs Ahmed announced the approval of the loan at a news conference to wrap up the World Bank/IMF annual […]
Zimbabwean companies especially those that do not export are expected to take a knock this year due to some or all of the following according to the Sunday Mail: Decline in demand of products Foreign currency shortages Shorter production time due to long periods of load shedding. Soaring inflation Eroded consumer purchasing power This was […]
The Ghana Union of Traders Association (GUTA) is calling for a total boycott of all Nigerian products imported to Ghana. The move, the traders union believes, will force the Nigerian government to open up its land borders for foreign goods. Nigeria partially shut its borders since August. According to Ghanaweb, Greater Accra Regional Secretary of […]
Despite the consistent caution and education on cyber fraud, many people are still falling prey to the activities of criminals through the Internet, resulting in the loss of millions of US dollars to businesses and individuals in Ghana. Last year alone, Ghanaian businesses and individuals lost $97 million to fraudsters. A total of $69 million […]
Ethiopia has accused Egypt of trying to maintain its grip over the waters of the Nile with a proposal it says would imperil a giant hydropower dam under construction on Ethiopia’s Blue Nile, in a growing diplomatic spat. The comments highlight the difficulties finding a compromise between the two countries over the Grand Ethiopian Renaissance […]
Authorities in Burundi on Thursday said more than 40 people have been arrested since the penalties for black market trading were increased last month. The central African country has been short of foreign currency since foreign aid was frozen in 2016, after President Pierre Nkurunziza ran for a third term despite protests from opponents who […]
As Nigeria’s land border closure bites West African countries, the Ghana Union of Traders Association (GUTA) has called for a total boycott of all Nigerian products imported by Ghana. The move, the traders union believes, will force the Nigerian government to open up its land borders for foreign goods. Nigeria partially shut its borders since […]
The Centre for Democracy and Development, CDD, has pointed out how President Muhammadu Buhari-led Federal Government can improve on its economic policies. CDD stated that Buhari government needs to increase capital investments and reforms in the power sector, while Nigeria needs to focus on increasing production in the oil sector. It stated this in an […]
President Muhammadu Buhari Monday in Abuja declared open the 25th Nigerian Economic Summit (NES25) with a charge to public and private sector leaders to look inward to solve the unique challenges confronting the nation’s socio-economic development. President Buhari also pledged that his administration will continue to collaborate with the private sector in designing and implementing […]
The price of fuel went up again in Zimbabwe on Sunday, October 6, this time by more than 25%, the latest blow in a country battling out-of-control inflation. The Zimbabwe Energy Regulation Authority (ZERA) announced the price of diesel would immediately rise to 16.64 Zimbabwe dollars (about US$1), while gasoline would go up to 14.97 […]
There appears to be no end in sight for hard pressed Zimbabwean consumers as they now have to pay 26% more for fuel and 300% more for energy starting this Sunday. Fuel prices in the southern African country have been going up every week, but this week’s hike is the biggest jump to date. According […]
Mozambique’s government said Exxon Mobil Corp. will sign off on a final investment decision for a liquefied natural gas project that could cost as much as $33 billion to build — the biggest ever in Africa. A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, […]
The challenge facing members of the African Petroleum Producers’ Organization APPO, reformed in 2013, is to establish itself as a key and strategic player in the energy, oil and gas sectors on a continental and global scale. This implies the modernization of oil infrastructures, and a judicious allocation of resources from the various operations, among […]
Zimbabwe angrily denounced a US government decision to curb imports of diamonds from its Marange field, branding the claim the country uses forced labour at the operations “a shameless lie.” “Invoking the repulsive prospect of alleged forced labour is a new nomenclature for seeking to bar Zimbabwe’s diamonds from the international markets,” the southern African […]