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 […]
Africa’s pull is straightforward. Expanding cities need power, housing, transport, and data networks, so capital follows. Critical minerals and energy reserves add another magnet, tied to batteries, electronics, and defence supply chains. Sea lanes near the Red Sea, the Gulf of Guinea, and the Indian Ocean keep strategic planners focused. Deals are business, and also […]
A Belarusian official yesterday jetted into Zimbabwe to follow up on investment deals signed between his government and the government of Zimbabwe in January this year. General Colonel Victor Sheiman who is the Belarusian Chief of Presidential Affairs is on a 3-day state visit. General Sheiman will meet the president and discuss agriculture, mining, power, […]
Zimbabwe’s foreign currency inflows fell 24% for the six months to June 2019, at a time when the country is needing to pay for key imports from fertilizers and maize to electricity. According to the latest figures published by the Reserve Bank of Zimbabwe, foreign currency receipts for the first half of the year fell […]
The deadline for Kenya’s withdrawal of the old Sh1,000 notes will not be extended, Central Bank Governor Patrick Njoroge has said. Dr Njoroge has reiterated that come September 30, the notes will no longer have value and will only be good for “lighting jikos”. “I want you to take this message to every corner of […]
Naspers, the South African media company that hit the jackpot with an early investment in Tencent, on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Amsterdam’s stock exchange. Called Prosus, the company was worth €95 billion ($105 billion) at listing, making it the biggest consumer tech […]
Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund. The economy of the world’s largest marine-diamond producer has been hit by a regional drought and a […]
South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said on Friday. This week ratings agency Moody’s, the last of the top three credit firms to rate South Africa’s debt at investment level, said […]
The International Monetary Fund (IMF) has said that Zimbabwe needs to clear its debt with other creditors for it to start receiving financing from the Bretton Woods institution. Zimbabwe cleared its arrears with the Fund but owes the African Development Bank and the World Bank a combined US$2 billion. Responding to a question by the […]
Zimbabwean Finance Minister Mthuli Ncube has established a Monetary Policy Committee in his latest attempt to stabilise an economy in freefall. The former economics professor, appointed last year to get the economy out of a two-decade rut, named a nine-member panel consisting of academics, bankers and the governor and two deputy governors of the nation’s […]
The World Bank has backed Somalia’s economy to grow above expectations for the next three-to-five years, if the country can sustain its current economic reform momentum. The Horn of Africa country has been in turmoil since 1991, when clan warlords overthrew President Siad Barre and then turned on each other. Over the past decade it […]
President Uhuru Kenyatta made an extensive tour of several development projects in parts of Kwale County, Saturday. Accompanied by Chief of Defence Forces Gen. Samson Mwathethe, the President visited the Shimoni fish landing site which the government through the Kenya Ports Authority is in the process of upgrading into a modern fishing port complete with […]
Nigeria-born Silas Adekunle has shut down Reach Robotics, the Bristol, United Kingdom-based consumer robotics company, that he co-founded a few years ago. He said he’s going to focus on new things. Adekunle made the announcement on LinkedIn. One of the Co-founders John Rees confirmed that “the decision has been made to close the business and […]
A Japanese company has expressed interest in Zimbabwe after singing an MOU(memorandum of understanding) with the government yesterday The Herald reports. Afro Japanese Business Consultant, the Japanese company interested in Zimbabwe is eyeing these sectors. Mthuli Ncube and The President oversaw the signing of the MOU. Speaking after the signing of the MOU, the President […]
MDC supporter and constitutional law expert, Alex Magaisa, has criticised Mnangagwa for not understanding geopolitical and economic dynamics when he described the just ended Seventh Tokyo International Conference on African Development (TICAD7) as the “first common platform to discuss African development”. According to Magaisa, this would fly in the face of China whose Forum on […]
The consequences to ending Cobalt production in the southern part of the Democratic Republic of Congo, one of the world’s largest mines have a major impact on the country’s economy and on the population . This is a major blow to the employment sector in the Democratic Republic of Congo with the cessation of cobalt […]
Nigeria has announced the “partial closure” of its border with Benin to clamp down on the smuggling of goods, above all rice, into the country. The West African powerhouse is targeting “massive smuggling activities, especially of rice, taking place on that corridor”, the presidency said in a statement on Wednesday (Aug 28). Nigeria is heavily […]
Acting President Kembo Mohadi says it is a matter of time before nations that are hostile to Zimbabwe realise that they are wrong and unfair to the Southern African country. Speaking after meeting the outgoing UN Ambassador to Zimbabwe, Mr Bishow Parajuli in Harare this morning, Cde Mohadi said it is unfortunate that some western […]
The Seventh Tokyo International Conference on African Development (TICAD) will kick off Wednesday in Yokohama, Japan, headed by Egyptian President Abdel Fattah al-Sisi and Japanese Prime Minister Shinzo Abe. Spokesperson for the Egyptian Presidency Bassam Rady said that the conference will run from August 28 to 30, under the joint presidency of Japan and Egypt, […]
