Month: November 2019

Women leaders drawn from Africa and United Arab Emirates have called for a new era of active collaboration between female entrepreneurs in the UAE and Africa, highlighting the similarity in synergies between businesswomen in both regions and the importance of drawing on these strengths to create ambitious projects and initiatives.

In a speech delivered by H.E. Dr. Raja Al Gurg, President of Dubai Business Women Council (DBWC) at an event on the sidelines of fifth edition of the Global Business Forum on Africa (GBF Africa 2019), organised by Dubai Chamber under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It was delivered in the presence of Fatima Maada Bio, First Lady of the Republic of Sierra Leone and, as well as an array of Emirati and African women entrepreneurs.

During her speech, H.E. Al Gurg underlined …

The world is much more digitally interconnected, compared to the past three decades, and Tanzania has been busy to get its fair share of interconnectedness.

In 2013, there were about 23 million telecom subscribers in Tanzania, surprisingly at the moment, the number is almost close to double, as Tanzania Communications Regulatory Authority (TCRA), telecoms statistics show, over 43 million subscribers, with an 81 per cent penetration.

It is important to recognize the contribution of the telecoms sector in Tanzania, to the economy and to the promotion of innovative solutions to community problems. Tanzania’s National Bureau of Statistics (NBS) quarterly highlights, show that: information and communications sector recorded a 10.3 per cent growth, compared to 9.6 in the first quarter, thus—the growth is attributed to increasing in airtime used by mobile phone owners, and the expansion of Tanzania’s broadcasting and internet use landscape.

On the side of the context, Bank of …

Real Estate developer Superior Homes Kenya is putting up a Sh7 billion ($68.8 million) residential development in Kenya’s coastal town of Kilifi, as it moves to expand its real estate portfolio in the country.

Dubbed ‘Pazuri at Vipingo’, the master-planned site will consist of 372 houses and associated infrastructure and amenities covering more than 100 acres.

READ ALSO:Property developer superior homes announces Sh30 billion investment

The development, which commenced early this year, consists of 2, 3 and 4 bedrooms with phase One of the project comprising of 63 units expected to be ready for occupation in June 2020.

“Pazuri at Vipingo has been designed so that every house enjoys an ocean view. Large plot sizes, spacious bedrooms and open plan lounges, generous window sizes and rooftop entertainment space all combine to provide a wonderful home whether it is for a residence or a holiday home,” Superior Homes …

The value of intra-trade among East African Community (EAC) states increased to $5.98 billion in 2018 from $5.46 billion in 2017, accounting for a 9.4 per cent growth.

According to the East African Community Trade and Investment Report (2018), all EAC member states except for Burundi recorded growth in trade with their regional counterparts.

Uganda, Tanzania, Rwanda, South Sudan and Kenya’s combined exports to the East African Community and Southern African Development Community regions amounted to $3.1 billion and $1.9 billion in 2018 respectively showed a report prepared by the EAC Secretariat.

In 2015 and 2016, intra-EAC trade was in the negative zone. In 2018, Burundi’s total trade with other countries in the region fell by 11 per cent to $150.9 million from $162.6 million in 2017.

Kenya’s total trade with EAC partner countries rose to $1.95 billion in 2018 from $1.86 billion in 2017 an increase of 4.7 …

Africa needs cumulative investments of $2.6 trillion between 2019 and 2040 to meet the rising energy demand and provide more accessible facilities to citizens as the continent’s population expands report shows.

The International Energy Agency (IEA) released its Africa Energy Outlook 2019 report, in which it said that Africa is experiencing the fastest progression of urbanisation in the world. While accounting for half of the global increase, the report said that Africa’s overall population is projected to expand by 600 million before 2040.

According to the report, the shifts will drive the continent’s economic growth, infrastructure development and energy demand, which is predicted to rise by 60 per cent.

“While this energy gap remains a significant barrier to Africa’s sustained economic development, it inversely presents several opportunities for many African nations such as current advancements in the liquefied gas (LNG) market, potential for realising onshore value, while simultaneously driving …

Kenya and Somalia have agreed to normalise bilateral relations starting with the restoration of the issuance of travel visas on arrival arrangement for citizens of the two nations.

The restoration of the visa on arrival arrangement is aimed at enhancing free and unhindered movement of people and commerce between Kenya and Somalia.

READ ALSO:Is oil wealth pitting Kenya against Somalia?

The agreement was reached during a meeting between Presidents Uhuru Kenyatta and Mohamed Abdullahi Mohamed of the Federal Republic of Somalia on the sidelines of the just concluded Nairobi ICPD25 summit.

During the meeting, the two leaders reaffirmed the invaluable relations that exist between Kenya and Somalia and agreed to explore avenues of strengthening bilateral and diplomatic ties between Nairobi and Mogadishu for the benefit of the citizens of the two nations.

President Mohamed conveyed his gratitude to President Kenyatta for the role Kenya continues to play in the …

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Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

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More than 66 per cent of total employment is Sub-Saharan Africa is from the informal sector, the International Labour Organization (ILO) has revealed, the biggest provider of employment in Africa.

Informal economies are typically characterised by low productivity and non-exportable goods and services.

READ ALSO:Sectors that will grow West Africa’s 15 economies

On the other hand, the sector also provides crucial livelihoods to the most vulnerable of the urban poor.

It is projected that the informal sector is likely to absorb many of the continent’s young employment seekers who are mainly today’s millennial digital natives – educated, learned and very adaptive to global trends.

READ ALSO:Industry Review: Jua Kali sector in East Africa

The Inter Region Economic Network (IREN) recently has held its 18^th Africa Resource Bank Forum in Nairobi in collaboration with the Friedrich Naumann Foundation for Freedom(FNF), under the theme: “The Future of Africa’s Informal …

African governments are harnessing digital technologies to support ongoing reforms and better serve the interests of citizens, according to industry experts at the Global Business Forum Africa 2019 in Dubai.

Innocent Muhizi, CEO, Rwanda Information Society Authority who spoke during a session entitled Rethinking Government – Working with the New Guard, explained how the government agency partnered with companies to develop an e-procurement platform that handles proposals and contracts and said the government in Rwanda operates like a private sector entity by setting KPIs and working towards ambitious targets.

Hon. David J. Francis, Chief Minister, Republic of Sierra Leone, noted that his country was in the process of creating a “new direction government” built around digital innovation, science and technology. He explained that his department has piloted iPads to reduce stationery, introduced an automated public expenditure policy and expanding internet and mobile coverage, providing real-time data to citizens – …

The Infrastructure Consortium for Africa (ICA), the bilateral organisations housed by Africa Development Bank and drawing membership from the G8 countries (Canada, France, Germany, Italy, Japan, Russia, the UK and the US) has released a new report that shows a significant increase in financial commitments for infrastructural development in Africa.

Among the key findings of the report was an increase in financing commitments across all sectors, with a notable increase in the energy sector, which attracted financing commitments worth $43.8 billion, an all-time high and a 67% increase on the 2015-2017 average. The ICT sector also saw record commitments in 2018 of $7.1 billion, mostly from the private sector.

 the ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% up on the 2015-2017 average.

Mike …