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Biti Warns African Countries That They Face a Bleak Future over Debt

Former Finance Minister and current MDC vice president Tendai Biti has warned African countries that debt owed by African countries is ballooning and come 2024, most countries will default. Biti was speaking at an OSISA-organised conference on ‘Southern Africa’s Debt Conundrum’ in Johannesburg on Tuesday. Below is part an abridged version of what Biti had […]

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UK-Ghana Business Council Regional Forum Starts Tomorrow

The British High Commission and the Kumasi Metropolitan Assembly (KMA) under the framework of the UK- Ghana Business Council meeting will jointly host the first regional forum in Kumasi to build a shared understanding of priorities on economic development, job creation, trade and investment on July 2, 2019. This meeting in Kumasi, a first of […]

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Full List: Forbes Africa 30 Under 30

Here is the full list of The Forbes Africa 30 Under 30. BUSINESS – Bruce Diale, 29, South Africa, Founder & Managing Director of Brucol Global Development – Terence Mathe, 29, Zimbabwe, Co-Founder of Southern Incineration Services (SISCO) PBC – Mariam Manack , 29, South Africa, Founder & Director of iTrain – Khanyisile Madonko-Nderezina, 25, […]

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West African Nations Adopt Single Currency Called ‘Eco’

ECOWAS, the economic community for West african nations have adopted a single currency named eco, which it plans to launch by 2020. Eco was adopted on Saturday in Abuja in a meeting of the 15 member countries organization. Discussed for thirty years, this single currency between the 15 countries that make up the ECOWAS – […]

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Zimbabwe: Introduction of Zimdollar to Sink Economy, Say Analysts

The decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency’s value may tumble against major currencies, plunging the country into hyperinflation. While some captains of industry and analysts welcomed the move, others were sceptical and critical. The […]

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AFCON 2019: Visa Issues Still A Major Challenge in Africa

Millions of African soccer fans dream of being at the African Cup of Nations (AFCON) to support their national teams, but not everyone can afford to do so. As it turns out, even those who can afford it are constrained by the infamous difficulties Africans face when they travel within the continent as Nigerian soccer […]

World Bank Agrees to Finance Kenyatta’s Affordable Housing Dream

The multilateral lender says the U.S.$250 million will enable the country to set up the Kenya Mortgage Refinance Corporation, to be owned by the state, commercial banks and financial co-operatives. President Uhuru Kenyatta has said provision of affordable housing is one of his four key priority areas in his second term and aims at providing […]

Charcoal Traders Go to Uganda After Kenya Ban

Kenya’s ban on logging in 2017 has seen charcoal traders flock to Uganda, which is now putting a strain on the country’s dwindling forest cover. Conservationists have warned that with new markets for charcoal in Kenya and Rwanda, in addition to logging for timber and agricultural land, the pressure on forests can only increase. TAGS: […]