You are here
Feed aggregator
[New Times] BK Group is on course to become one of the first Rwandan firms to hit the $1 billion valuation mark, which could raise investor confidence in Rwanda's largest lender by market share and profitability.
Zimbabwe: Harare to Get 600 Solar Powered Buses from Chinese Firm
[The Herald] A Chinese company, China Nanchang Engineering, has approached Harare City Council with a deal to supply 600 green energy (solar-powered) buses and additional fixed and working capital to service routes in Greater Harare Metropolitan.
Rwanda: Govt Searches for Firm to Automate Sacco Services
[New Times] The Government has started the processes of hiring a firm to automate the operations of Umurenge Savings and Credit Cooperatives (SACCO).
South Africa: Why Restructuring Power Utility Eskom Won't End Blackouts
[The Conversation Africa] Recent power cuts and the announcement that South Africa's power utility Eskom will be receiving R23billion (about USD$1.5billion) a year in government support for the foreseeable future are symptomatic of operational and financial crises at the utility.
Africa: Germany's New Africa Policy
[Deutsche Welle] Germany has for years sought to strengthen its cooperation with Africa. This has led to a flood of concepts across various government ministries and a confusion of competencies. New guidelines are now on the table.
Nigeria: Senate Worried Over Low Performance of 2018 Budget
[This Day] Abuja -The Senate yesterday expressed deep concern over low release of the 2018 Appropriation to Ministries, Departments and Agencies (MDAs), saying some of the agencies received as little as 10 per cent of the approved allocation during the period under review.
Nigeria: Senate Links Budget Failures to Increased Economic Woes
[Guardian] The Senate has said that poor implementation of the 2018 budget negatively affected the economy.The upper legislative chamber pointed out that the economic revival strategies of the Federal Government in wealth creation, poverty reduction and reduction of unemployment rate were the major victims of budget failures.
Namibia: Breweries Sends Tiny Lot of Local Barley As Relief for Drought-Stricken Farmers
[Namibia Economist] The Dare to Care Disaster fund received a truckload of barley this week from the commodity's producer, Namibia Breweries Ltd. The barley was grown on the Breweries' Rietfontein farm in the Grootfontein district where approximately 400 hectares are cultivated for barley, producing roughly 1400 tonnes of barley per year.
Kenya: Turkana Drought: Citizens Must Hold Their Leaders Accountable and Demand More
[The Aspen Institute] With the hashtag, #Turkanadrought, Kenyan citizens are posting their thoughts about the ongoing drought in Turkana. Importantly, they are demanding accountability by elected political leaders and calling on the Kenyan government to take concrete action to end the cycle of repetitive droughts. By clearly calling out Kenyan elected officials and letting them know they have failed the very citizens that elected them, these citizens are doing the right thing. This is impressive and worth highlighting.
Ethiopia: Ethiopia: Africa's Next Powerhouse?
[Brookings] Ethiopia's prime minister, Dr. Abiy Ahmed - the youngest African leader at 42 years old - has initiated a series of unprecedented economic and political reforms in his first 12 months in office. The core challenge that he faces is moving the economy from state-led to market-based growth while overseeing far-reaching political reforms. Success is far from guaranteed but his accomplishments so far have created an enormous sense of opportunity within the country.
Nigeria: Sell-Off Persists On NSE, As Index Plummets Further By 0.7%
[Guardian] By The Nigerian Stock Exchange (NSE) yesterday plunged further by 0.7 per cent, extending bearish run to a third consecutive session amid sustained sell-off.
Kenya: Museveni to Take Kenyan Local Train
[Independent (Kampala)] Mombasa -President Yoweri Museveni will be the first visiting head of state to take the Makadara Express train on the new Standard Gauge Railway from Mombasa to Nairobi in Kenya.
East Africa: Stockmarkets Face Dry Season As Investors Look Elsewhere for Capital
[East African] East Africa's stockmarkets are no longer favourites of investors seeking to raise capital for growth and expansion.
Uganda: Banking Stocks Rise Against the Tide At Uganda Bourse
[East African] Stanbic Holdings Ltd and DFCU Ltd have posted significant trading turnover at the Uganda Securities Exchange in the first quarter of 2019 despite the January-March low season.
Uganda: Farmers to Benefit From Solar-Powered Irrigation Scheme
[Monitor] Moyo -Farmers under Robijame Farmers' Group in Palorinya East Village, Itula Sub-county in Moyo District, are set to benefit from Shs1.8b irrigation scheme project developed by Food and Agriculture Organisation (FAO) with support from the government of Japan.
East Africa: Benson Ndung'u Appointed New KPMG East Africa Boss
[Monitor] Kampala -The newly appointed chief executive officer of KPMG East Africa hopes to build on his predecessor's reign at the helm of the audit company.
Kenya: Museveni, Kenyatta Sign Huge Trade Deals
[Monitor] Mombasa -Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections.
Zimbabwe: 'Unstable Currency Affecting Accounting Systems'
[New Zimbabwe] Zimbabwe's continued currency unpredictability is affecting proper and internationally expected financial reporting standards, the Institute of Chartered Accountants of Zimbabwe (ICAZ) chief executive, Gloria Zvaravanhu has said.
Kenya: Kenya's Coffee Doldrums Despite Numerous Revival Efforts
[The Exchange] The Kenyan government has set aside a Kshs 3 billion cherry fund kitty to allow coffee farmers to access the funds at an interest of 3 per cent per annum.
South Africa: Now There's a Way to Fact-Check Those Dodgy Viral Messages
[News24Wire] Scary WhatsApp "warnings" and other viral content shared on that platform have contributed to the fear and paranoia of many a user.