Month: November 2019

Equatorial Guinea capital-intensive projects open for investment in 2020 said Gabriel Obiang, minister for mines and hydrocarbons.

The capital- intensive projects include the construction of three oil refineries, liquefied petroleum gas strategic tanks, a Urea plant and the expansion of a compressed natural gas project.

Obiang said the 10 public-private, partnership-led projects will focus on downstream diversification and adding value to domestic crude production.

“2019 was a year in which we showed the world the potential of Equatorial Guinea. That was phase one. Phase two is the investment year. For many years, we have been exploiting our resources and exporting them, but now is the time that we get to the stage of processing,” he said during the sidelines of an international forum for gas exporting countries in the capital Malabo.

Also Read: Tanzania 3rd Oil and Gas Congress: How Magufuli is opening up Energy Investment

He added that midstream …

The African Development Bank and partners officially launched Affirmative Finance Action for Women in Africa (AFAWA) Risk Sharing Facility earlier this week at a press conference held during the 2019 Global Gender Summit in Kigali, Rwanda.

The bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme started with significant support from commercial banks and a $1 million commitment from the government of Rwanda.

AFAWA is one of the Bank’s gender-focused programmes which seeks to close the financial gap for women by accelerating growth and employment creation across African economies.

“Today is a great day! With this facility, women will be able to receive technical assistance. We shall strengthen our capacity and we shall get there. (https://vulcanpost.com/) The decision that we are taking today is highly transformational. It will permanently transform Africa.” said Akinwumi Adesina, President of the African Development Bank.

The press conference was attended by several …

The Aga Khan University has become the first higher education institution in South Asia and East Africa to be recognised by Advance HE, a global body that strives to promote excellence in teaching and learning in higher education.
AKU President Firoz Rasul announced the University’s three-year reaccreditation with Advance HE while addressing the inaugural session of the Scholarship of Teaching and Learning Conference in Karachi. Advance HE, based in the United Kingdom, works with higher education institutions across the globe to benchmark teaching quality against the rigorous UK Professional Standards Framework, UKPSF.

The Aga Khan University is a pioneering institution of higher education that works to improve quality of life in the developing world and beyond. The University operates programmes in campuses in Pakistan, Afghanistan, Kenya, Tanzania, Uganda and the United Kingdom, and treats more than 2 million patients per year at seven hospitals and more than 350 medical centres.…

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Kenya’s low-cost carrier Jambojet on Monday made its first trip to Kigali International Airport as it launched scheduled flights between the Rwanda’s capital and Nairobi, bringing competition to RwandAir.

With the launch of once daily flights from its Jomo Kenyatta International Airport hub, Jambojet officially becomes the first low-cost carrier to fly the route.

READ ALSO:Jambojet cuts fares by 50 per cent in 72 hour sale offer

This now brings competition to RwandAir’s doorstep which also flies to Nairobi at least three times a day. It operates domestic and international services to East Africa, Central Africa, West Africa, Southern Africa, Europe the Middle East and Asia, from its main base at Kigali International Airport in Kigali.

READ ALSO:RwandAir eyes more presence in New Zealand and Australia

READ:Qatar Airways plans to buy shares from RwandAir

Jambojet which recently expanded their fleet with two brand new De Havilland Dash …

India’s national airline has re-launched commercial operations to Kenya’s capital Nairobi, making a return to the route it abandoned a decade ago.

Air lndia’s flight from Mumbai to Nairobi landed at the Jomo Kenyatta International Airport (JKIA) on Wednesday with 100 passengers on board.

READ ALSO:KQ boosted by increased India flight deals

This marked the return of the airline to Kenya after 10 years.  It return is now seen a s a major boost for trade, investment and tourism activities between the two countries which have shared trade and economic ties for many years.

The airline will offer four direct flights a week-Tuesday, Wednesday, Friday and Sunday with plans to offer additional flights in the pipeline, it said during the launch.

READ ALSO:Kenya woos India in agribusiness trade ties

According to tourism industry players, Air India will be instrumental in increasing uptake from both Tier I and II …

The Global Gender Summit which kicked off on November 25 in Kigali-Rwanda, and first summit of-its-kind to be held in Africa, emerged with rather vital issues in the second-day, whereby top-notch financial leaders rallied their desire to see support to women business across the African business landscape.

The summit is running on a theme “Unpacking constraints to gender equality” has drawn in presidents, high government officials, multilateral development banks, private sector, civil society and top business and finance leaders from across the continent, who have mainstreamed their ideas on how gender issues influence African finance.

READ:Promoting women will boost African economic growth, World Bank says

According to the African Development Bank (AfDB) press release, Dr. Jennifer Blanke the bank’s Vice President for Agriculture, Human and Social Development, aligned her ideas along side other Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel …

Standard Chartered Bank (SCB) Kenya has launched a prestigious product offering – the Standard Chartered Visa Infinite credit card.

The Standard Chartered Visa Infinite credit card, targets the affluent segment by offering a range of value added benefits, including best-in-class privileges.

Targeting high net-worth customers SCB Visa Infinite credit card, comes with unparalleled advantages and rewards.

“We are constantly working towards bringing to our clients the highest quality of services available on the global market. The launch of the Visa Infinite credit card shows our bank’s commitment to bringing payment solutions that meet and exceed the expectations of our ever-expanding clientele,” CEO Kariuki Ngari said on Wednesday.

“As a leading issuer of credit cards in Kenya, we continually look at ways of becoming more customer centric,” he added.

The new Standard Chartered Visa Infinite credit card is in-line with the bank’s strategy to consistently deliver premium services to its “valued …

Women mean business in Africa, and available data shows that they tend to execute business operations or manage, compared to their male counterparts, thus—supporting women business with credit, business skills, and conducive operating environment might be the break that Africa has been eyeing.

According to the World Bank Report (Profit from Parity, Unlocking the potential of women business in Africa-2019), there are three factors that are found to limit women potentials in the business sphere, which are social norms, legal discrimination and the risk of gender-based violence ( for instance, the report shows, 14 per cent of women entrepreneurs in Malawi have been subjected to physical or emotional violence from their male counterparts).

All three factors are also buried under various segments such as endowment, which carry: education/skills, confidence or risks, finance and assets, networks and information. Another segment, that is an underlying constraint is the household level environment, which …

Tax collection is pristine to Tanzania’s development landscape, that’s they the Tanzania Revenue Authority (TRA) is striving to forge a Tanzanian success story via revenue collection which rose by 66.7 per cent in four years.

TRA Deputy Commissioner General Mr. Msafiri Mbibo announced yesterday during a press conference in  commercial-pulse Dar es Salaam that: during the last four  financial years, Tanzania has collected over $25.3 billion, pinning the raise to taxpayers compliance, arguing that, it is a direct result of transparency in the authority’s  operations and enhancing the overall tax administration system.

Tanzania has its fair share of taxing hurdles, just like any other African nation, as TRA pinpoints the weight of significant tax-paying lies on the shoulders of over 3 million taxpayers (by October 2019) in Tanzania, which rose from 2.2 million.

On the same note,  on Sunday November 24, Tanzania’s President John Magufuli, highlighted on the importance of …