Nearly 20 Kenya-based companies have been blacklisted by the World Bank and the African Development Bank (AfDB) in less than two years over fraud and quality concerns in projects funded by the multilateral lenders, according to an official statement seen by APA in Kigali last Friday.
Fintech startups drew more than 60 percent of all venture funding that flowed into Africa last quarter.
President Muhammadu Buhari has expressed appreciation to the United States for allowing Nigeria to procure military hardware to fight terrorism in the country and the training given to the Nigerian military.
(Ecofin Agency) - Following the previous dip of remittances to sub-Saharan Africa by 0.4% in 2019 and 12% in 2020 due to the pandemic, things have improved this year. According to data from the World Bank, money sent home this year, by sub-saharan Africans in Diaspora has amounted to $45 billion. This is 6.2% higher than last year.
Young activists have been swapping inspiring stories at a UN-partnered youth summit last week about how they’ve driven positive change for their communities and the environment – and how everyone can do the same.
The international community must step up support to Madagascar, where more than one million people in the south are facing severe hunger, top UN aid official there said last Thursday in a renewed appeal for solidarity and funding.
The plan by the Federal Government to sanction eligible Nigerians who refuse COVID-19 vaccination and the cholera epidemic, which has been silently growing nationwide since beginning of the year are some of the leading stories in Nigerian newspapers recently.
(Business in Cameroon) - Chinese company Yousheng Cement Co Ltd is currently finetuning the establishment of a new cement plant inside the port area in Douala. The information was disclosed by Nana Aboubakar Djalloh, Minister Delegate to the Minister of Environment, in a release inviting the population to the public sittings, on August 30-September 4, 2021, at the Joss II Government Primary School in Douala, in the framework of the project’s environmental impact assessment.
(Ecofin Agency) - The Nigerian Communications Commission (NCC) adopted on 29 August new key performance indicators to measure the quality of telecom services provided by operators.
On the 13th of August 202, a journalist investigating artisanal mining issues for Radio Milo based in the Siguiri Prefecture was attacked by a group of young artisanal gold miners armed with hunting rifles and knives.
“Winners of the competition all display a wisdom, a strength of character that goes far beyond their years; something that makes them stand out as individuals and as ambassadors of their generation.”The Universal Postal Union’s Director General Bishar A. Hussein remarked at a special ceremony during the 27th Universal Postal Congress in Abidjan, Côte d'Ivoire while announcing the winner of the edition.
Masahiko Metoki of Japan has been elected the new Director General of the UN specialized agency for postal matters, while Marjan Osvald of Slovenia has been elected as the organization's Deputy Director General.
Abidjan/Bern, 9 August 2021. Speaking at the official opening ceremony of the 27th Universal Postal Congress in Abidjan, Côte d' Ivoire, the Universal Postal Union’s Director General Bishar A. Hussein highlighted the international postal sector’s innovation and creativity during the COVID-19 pandemic.
(Modern Ghana) Ghanaian fisheries observers are bribed, threatened and abused at sea, investigations by the Environmental Justice Foundation (EJF) have revealed .
(Togo First) - For the second consecutive year, Togo is the country that exported the largest volume of organic soyabeans to Europe. The West African nation, according to a report recently released by the EU Commission, sent 51,000tons of the crop to the Schengen Area.
Kenya has been ranked as the top country in the world in reducing the population with no access to electricity, pointing to the impact of the State’s focus on rural areas for nearly a decade.
(Business in Cameroon) - In Cameroon, Mobile Money operators are calling for flexible identification rules to allow users without official Identification documents to have access to some basic services.
(Ecofin Agency) - Between the covid-19 pandemic and the Ever Given accident, the global economic environment was not conducive to increased revenues for the Suez Canal. However, the waterway generated a historic annual revenue in 2020-21.
Young people who were displaced by conflict in South Sudan have returned home to power change in their community. Hundreds of thousands of people, young and old were forced to flee their homes over recent years following civil war and widespread insecurity in the eastern African country.
SOUTH AFRICA – kls The Department of Employment and Labour has bemoaned the low levels of compliance with health and safety measures by employers, as the country battles the third wave of COVID-19 infections.
How the Buhari administration plans to lift 100 million Nigerians out of poverty in ten years will not be based on a business as usual approach, but a very simple, common-sense strategy that will deliver the results as the President promised, according to Vice President Yemi Osinbajo.
(Ecofin Agency) - The trade agreement that could be the most significant development in U.S-Africa trade relations, since the African Growth and Opportunity Act (AGOA) passed in Congress in 2000, faces another hurdle. This is attributable to the expiration of the key legislative tool (TPA) needed to accelerate Congress’s approval of the agreement. Consequently, the prospects for the deal to conclude becomes gloomy.
Angola – Sécil Marítima SA expects to start commercial passenger transport, between the cities of Cabinda and Soyo, as of the last quarter of this year, revealed its interim chairman of the Board of Directors (PCA) of the institution, João Martins.
(Ecofin Agency) - The G7 group, an inter-governmental political forum including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, is committing $382 million to tackle the increasing food crisis and famine in the Northeast region of Nigeria.
(Business in Cameroon) - In Cameroon, smartphone adoption is steadily rising, according to figures published by the national telecom observatory of the telecom regulatory board ART. Recently, citing the figures from that observatory, Minister of Posts and Telecommunications (MINPOSTEL) Minette Libom Li Likeng revealed that from 25% in 2016, the smartphone penetration rate rose to 40% in 2020.
The United Nations stands ready to support Egypt, Ethiopia and Sudan in efforts to resolve their decade-long disagreement over the Great Ethiopian Renaissance Dam (GERD), senior officials told the Security Council on Thursday July 8th 2021
While strides have been made to ensure gender equality over the years, work is continuing to accelerate these actions. “In terms of the landscape, I can proudly say that South African women have been as a result of democracy, taking part in decision making processes and structures. We have women ministers; we have women in top management and women who own businesses. I think in 1994, this was not imaginable. The advent of democracy has made it possible for us to thrive,” says Charlotte Lobe.
To circumvent liquidation, proactive engagement with creditors at the early stages of financial distress is imperative
It is well documented that the COVID-19 pandemic is taking its toll on businesses. Commerce in most sectors is fighting to keep their doors open, grappling with creditors to avoid winding up proceedings and its far-reaching implications.
1) Pollution driven by huge increase in mask sales
The promotion of mask wearing as a way to slow the spread of COVID-19 has led to an extraordinary increase in the production of disposable masks: the UN trade body, UNCTAD, estimates that global sales will total some $166 billion this year, up from around $800 million in 2019.
Everyone knows by now that due to a combination of leadership, environment, social ecology, demographics and as yet unknown biological and other factors, Africa has been spared the worst of the havoc that COVID-19 has wreaked on other parts of the globe and was predicted to do here too.
As the pandemic continues to influence how organisations operate and behave, African businesses need to adapt its workforce and technology considerations
In response the Covid-19 pandemic, the Government of Cameroon decided on a number of fiscal measures to support Cameroonian businesses and households
With every industrial revolution comes shifts to social, economic, environmental and political systems, paving the way for transformative changes in the way we live and work.
The Universal Postal Congress has re-elected Switzerland to the Council of Administration and the Postal Operations Council of the Universal Postal Union. Delegates confirmed their confidence in Switzerland in the elections at the 27th World Postal Congress in Abidjan, Ivory Coast. The Universal Postal Union will be headed by Masahiko Metoki from Japan beginning from 2022.
(Ecofin Agency) - Authorities in Senegal are exploring ways to boost the cotton industry after the sector delivered poor performances in recent years. The Agricultural Research Institute (ISRA) unit based in Tambacounda announced it is currently developing new varieties to improve both the productivity and the quality of the fiber.
(Ecofin Agency) - After the first investment in Morocco’s irrigation sector in March, Amethis Mena Fund II plans new investments in North Africa.
(Ecofin Agency) - As part of initiatives to help Africa catch up with the Covid-19 vaccination campaign, France and Germany announced they are giving the continent 80 million shots of vaccines.