In an effort to fight off some of the effects of climate change and to replace harmful practices such as charcoal burning, Islamic Relief has started a beekeeping initiative in Dabel, Moyale, Kenya. Through this project, locals in the dry northern areas of Kenya will learn how to turn otherwise unusable and harsh areas into […]
African smallholder farmers can enhance soil health, boost yields, and develop climate resilience through conservation agriculture (CA). Farmers can cut expenses while preserving their property by emphasising crop diversity, permanent soil cover, and minimal soil disturbance. Use minimum tillage Reducing soil disturbance is the first conservation agriculture tenet. Farmers can use shallow planting techniques or […]
The United Nations Development Programme (UNDP), is awarding grants worth over 200 million CFA to three Micro Finance Institutions (MFI) to scale up their capacity to provide financial products and services adapted to the needs of young people, women and rural populations in the project intervention areas of Far North, North, Adamawa and East regions […]
The Reserve Bank of Zimbabwe (RBZ) said the fall in the value of the Zimbabwe dollar against the US dollar and other currencies in recent weeks is as a result of the end of the tobacco marketing season. Tobacco is one of the four major foreign currency earners for the country, the others being gold, […]
Oby Ezekwesili, former minister of education has reacted to President Muhammadu Buhari’s appointment of a new economic team. Buhari, on Monday, constituted an Economic Advisory Council (EAC), dissolving the previous led by Vice President, Yemi Osinbajo. The Presidency had said that the new team is made up of the following: Prof. Doyin Salami – Chairman; […]
Government of Ghana, through the Ministry of Energy, has begun negotiations with the two companies that recently won blocks GH_WB_02 and GH_WB_03 located in the Deepwater Cape Three Points in the Western Basin. First Exploration and Petroleum Development Company, in partnership with Elandel Energy (Ghana), won block GH_WB_02 while ENI Ghana Exploration and Production Limited, […]
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 […]
