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- Internet outages in West African states due to cable cuts; repairs could take months
- AI-generated deepfake a major threat to elections globally in 2024
- Tanzania business environment poised to improve after change in key laws
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- Inside South Sudan’s Economic Turmoil
Browsing: Africa
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- Global tech giants are meeting in Marrakech in May for the GITEX Africa expo as they seek a slice digital economy in the continent.
- Investors will be keen on learning tech advances in digital health, finance, AI consumer tech, cloud and IoT, as well as cybersecurity among others.
- GITEX Africa is organised by KAOUN International, an affiliate of Dubai World Trade Centre, which also organises GITEX GLOBAL show in the UAE.
This year, thousands of investors and entrepreneurs are converging in Marrakech, Morocco, for GITEX Africa, a signature tech and start-up expo that is poised to define the next phase of the continent’s digital economy.
The show, now in its second edition, comes under the Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco. GITEX Africa, which is scheduled from 29-31 May 2024, is organised under the authority of the Moroccan Ministry of Digital Transition and Administration …
- Cairo-based lender CIB made this announcement during the first Egypt-Kenya forum held in Nairobi, Kenya.
- Egypt is shifting its economic strategy by enhancing collaboration with sub–Saharan Africa
- Kenya exports tea, coffee, nuts, meat, wheat and flowers, skin and hides as well as live animals to Egypt..
Lender Commercial International Bank (CIB) has identified partnerships as key drivers of growth that will power investments by bringing together businesses seeking to explore Egypt-Kenya trade opportunities.
Kenya’s Prime Cabinet Secretary Musalia Mudavadi says the entry of CIB into Kenya’s market is a major win for Africa’s quest to enhance trade among its 54 member states.
Speaking at the Egypt-Kenya trade forum in Nairobi attended by roughly 40 Egyptian companies drawn from construction, transport, water, tourism, manufacturing and healthcare sectors, Mudavadi said Kenya was at the forefront of opening its market to African countries to boost intra-Africa trade.
“As a government, we will facilitate …
- In Kenya, a concerning 75.4% of women journalists have reported experiencing online harassment.
- Several sub-Saharan African countries have enacted national frameworks, such as the Cybercrimes Act to counter the menace.
- However, while legal frameworks provide avenues for recourse, more proactive measures are needed to combat online violence effectively.
In an era dominated by digital platforms and social media, the rise of disinformation and online harassment poses significant challenges for journalists across the globe.
According to Clarice Wambua, a lawyer at leading corporate and commercial law firm Cliffe Dekker Hofmeyr (CDH) Kenya, this is especially true for women journalists in sub-Saharan Africa, who provide a vital service to society and must not be bullied into silence.
She notes that the pursuit of truth is of utmost importance, but women journalists in Africa often encounter difficult situations. Despite their valuable contributions to the field, they often face different types of harassment, which …
- The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative aims to close the $42 billion financing gap faced by women entrepreneurs, demonstrating that investing in women fosters gender-inclusive economic growth.
- By securing over $1.5 billion in investments for women-led SMEs and providing gender-smart banking training, AFAWA is changing financial institutions’ perceptions and practices, demonstrating the viability and profitability of supporting women entrepreneurs.
- AFAWA’s partnerships and educational programs build a more inclusive financial ecosystem, showcasing the initiative’s commitment to empowering women entrepreneurs and driving sustainable, inclusive economic development across Africa.
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) aims to invest in women and close the significant financing gap they face. Women entrepreneurs in Africa confront a daunting $42 billion disparity in financing compared to their male counterparts, largely due to misconceptions about their creditworthiness and a lack of collateral. Despite these challenges, …
- Tanzania to earn $400 million annually from tobacco export/sells.
- The country now ranks second largest tobacco producer in Africa after Zimbabwe.
- Tobacco has no known health benefit. On the contrary, it causes disease, disability and premature death. Over 6 million people die globally every year from tobacco-related illnesses.
Tanzania has been ranked as the second-largest producer of tobacco in Africa, falling behind only neighboring Zimbabwe, even as tobacco's toll worsens globally. The ranking comes after a bumper harvest in the year 2022/2023, as announced by Tanzania’s Minister for Agriculture, Hussein Bashe.
According to the minister, the country’s tobacco production has more than doubled over the last year alone to 122,858 tonnes in FY2023/2024 from 50,000 tonnes earlier.
As of December last year, the export value of tobacco stood at $316 million, and with the increase in output, the minister is confident that this year the country will attain its…
- Every year, the Serengeti wildebeest migration involves the movement of vast herds of gnu, zebras, and gazelles.
- It is a tourism spectacle that sees Tanzania cash in on yearly tourism revenues of roughly $2,250 million.
- Tanzania tourism accounts for more than 14% of the country's GDP.
- Mwinyi, who led Tanzania from 1985 to 1995, is remembered for his pivotal role in transitioning the country from the foundational policies of his predecessor.
- Before ascending to the presidency, Mwinyi served in various capacities, including as the Interior Minister and Vice President.
- He also chaired the ruling party, Chama Cha Mapinduzi (CCM), from 1990 to 1996, demonstrating his significant influence in Tanzanian politics.
Tanzania is in mourning given the passing of former President Ali Hassan Mwinyi, who died at the age of 98. President Samia Suluhu Hassan announced the somber news, stating that Mwinyi died on Thursday evening at approximately 5:30pm after a battle with cancer.
Mwinyi, who led Tanzania from 1985 to 1995, is remembered for his pivotal role in transitioning the country from the foundational policies of his predecessor, Julius Nyerere, towards more liberal economic reforms.
His presidency marked the beginning of Tanzania’s shift away from socialist …
- The World Bank attributes the downgrade to the recent conflict in the Middle East, which has heightened geopolitical risks and raised uncertainty in commodity markets.
- Growth for Sub-Saharan Africa is projected to accelerate to 3.8 per cent in 2024 and firm further to 4.1 per cent next year.
- The lender has upgraded Kenya’s GDP growth to 5.2 per cent due to easing inflation.
Global growth is projected to slow for the third consecutive year, decreasing from 2.6 per cent last year to 2.4 per cent this year, according to the World Bank.
In its January 2024 Global Economic Prospects report, the lender states that following a sharp slowdown in 2022 and a further decline last year, global output growth is set to decrease slightly this year.
This is occurring as global economic activity continues to soften due to the impacts of tight monetary policies, restrictive financial conditions, and weak growth …
- Safaricom recognized for its outstanding people strategy, work environment, talent acquisition, learning, diversity and inclusion, and employee well-being.
- The telco first received the Top Employer certification in 2022 and has retained it for three consecutive years.
- The certification comes just a few months after the company was ranked the third-best employer in Africa by an American business magazine, Forbes.
Kenya’s leading telecommunications company, Safaricom PLC, has, for the third consecutive year, received recognition as a top employer in both the country and across Africa.
The most recent certification for the year 2024, awarded by the Top Employers Institute (TEI), underscores the Nairobi Securities Exchange listed company’s HR policies and people practices.
The TEI program certifies organizations based on their participation and results in a comprehensive HR best practices survey covering 20 topics across six HR domains. These domains include people strategy, work environment, talent acquisition, learning, diversity and inclusion, and …
South Africa’s gambling industry is experiencing a significant economic transformation with the arrival of international online casinos in its market. This transformation has not only changed the gambling landscape but has also had a far-reaching impact on the broader economy. The integration of global online casinos has brought about a surge in revenue, heightened competition, technological advancements, and regulatory developments, making it a defining chapter in South Africa’s economic narrative. Now, here, there are available plenty of different online casinos supporting many languages. For example, for German-speaking, this website introduces a list of new (neue – in German) online casinos with different welcome bonuses. This article examines the various impacts of this transformation, exploring how it has influenced different sectors and dynamics within the country.
Fostering Economic Growth Through Global Investments
The emergence of international online casinos has been a major factor in generating substantial revenue. By attracting players from …