Tuesday, May 7

Africa

Cyclone Hidaya
  • Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of Cyclone Hidaya.
  • Cyclone Hidaya’s trajectory places the eastern coast of Tanzania squarely in its crosshairs as neighbouring Kenya braces for floods.
  • The relentless deluge gripping East Africa originates in the El Nino weather pattern.

Millions of people in Tanzania and Kenya are on edge as Cyclone Hidaya, a formidable tempest, barrels toward the region, exacerbating the havoc wrought by ongoing heavy downpours and catastrophic floods that have claimed hundreds of lives across East Africa.

Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of a cyclone poised to unleash further devastation, with forecasts predicting a grim landfall later on Friday, May 3rd.

Cyclone Hidaya’s trajectory currently places the eastern coast of Tanzania squarely in its crosshairs, with fears mounting over its potential impact on neighbouring Kenya. As meteorological projections paint a

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President Ruto
  • US Congress members ask Speaker Mike Johnson to invite President Ruto to address the assembly.
  • President Ruto will be visiting the US on May 23 to mark 60 years of US-Kenya diplomatic ties.
  • If invited, President Ruto would become the first Kenyan Head of State to address a joint session of US Congress.

In a historic plan highlighting the deepening ties between the United States and Kenya, House Foreign Affairs Committee chairman Michael McCaul (Republican – Texas) and Ranking Member Gregory Meeks (Democrat – New York) have jointly sent a letter to Speaker of the House Mike Johnson (Republican – Los Angeles, asking him to extend a formal invitation to President William Ruto of Kenya to address a joint session of Congress during his upcoming visit to the US, slated later in May.

“This year, we are celebrating the historic 60-year anniversary of the U.S.-Kenya diplomatic relationship. Such an invitation …

economic outlook sub-saharan africa
  • The IMF has identified South Sudan, Burundi, and the DRC as East African Community member states poised for significant economic growth in the 2024–2025 period.
  • GDP growth in Burundi is projected to increase from 4.3 to 5.4 percent and in the DRC from 4.7 to 5.7%.
  • Kenya leads regionally with a projected GDP of $104 billion, ranking 7th overall among the continent’s largest economies.

The economic outlook for East African Community member states South Sudan, Burundi, and the Democratic Republic of the Congo (DRC) is poised for significant economic growth in the 2024–2025 period. This prognosis by the International Monetary Fund (IMF) comes despite these nations grappling with conflicts, marking them as among the most fragile in the region.

In its latest regional economic outlook report for Sub-Saharan Africa, the IMF forecasts a noteworthy 1.2 percent gross domestic product (GDP) growth for South Sudan, from 5.6 to 6.8 percent, despite …

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Tata International Africa’s Ghana operation has won a prestigious award.

The company was awarded John Deere Africa’s 2020 Dealer of the Year Award for the category of dealers outside the SADC region.

Jaco Beyers, Managing Director, John Deere Africa Middle East (AME) said that Tata Ghana winning the prestigious award did not come as a surprise following the commitment the Tata team had demonstrated towards the John Deere brand.

“The John Deere Dealer of the Year Award is presented to a dealer that performs over and above in various aspects of the business including delivering value to our customers. With the commitment the Tata team has demonstrated towards the John Deere brand and our customers, it does not come as a surprise that it has won the 2020 award,” says Jaco Beyers, Managing Director, John Deere Africa Middle East (AME).

Beyers noted that other key criteria for the award …

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Ghana has revised its Covid-19 protocols for air travellers.

The revision of the protocols, which will affect travellers arriving in Ghana follows the upsurge in the number of Covid-19 cases.

According to the new measures that have been contained in the new amendments to Ghana’s air travel guidelines, Ghanaian residents who depart Ghana and return within a week will not be required to present a COVID-19 test result from the country of departure.

The measures that have already been effected by the Kotoka International Airport will see travellers undergo mandatory COVID-19 testing upon arrival in Ghana at a cost of $50.

Speaking during a live press conference in Accra on Tuesday, February 9, the Minister-designate for Information, Mr Kojo Oppong-Nkrumah noted that Ghanaian passengers who fail to comply with the guidelines would have their passports seized and the passenger handed over to the state security agencies to undergo a 14 …

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The African continent has recorded a total of 3,682,261 confirmed cases of Covid-19, 95,591 deaths and 3,212,077 recoveries since the Covid-19 pandemic outbreak.

By early January 2021, COVID-19, caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), had resulted in more than 83 million confirmed cases and more than 1·8 million deaths.

The clinical spectrum of SARS-CoV-2 infection is wide, encompassing asymptomatic infection, fever, fatigue, myalgias, mild upper respiratory tract illness, severe life-threatening viral pneumonia requiring admission to hospital, and death.

At the moment, 34.4 million Covid-19 tests have been conducted in Africa.

As much as we celebrate the high number of recoveries that continue to be recorded daily from various countries, there is a need to take care of those who have recovered from the virus.

Did you know that post-COVID-19 complications could be dire and fatal?

Well, the acting Director of the Ghana Infectious Disease Centre (GIDC), …

global network connections in the world

In the last century, the fashionable and accepted route to success for young Africans was to complete their education and join the corporate world. A few university students aspired to become entrepreneurs; most educational institutions did not offer entrepreneurial programs. With few exceptions, African families used to guide their children to join a leading multi-national or work for a state institution, hoping they would climb the corporate ladder to become CEOs or at least senior management. That was prestigious until the paradigm shifted to tech entrepreneurship with the emergence of the computer, mobile and Internet industry in the latter part of the 20th century. Whilst a lot of African families have built successful entrepreneurial ventures in the past, this essay emphasis the growing move of corporates to tech entrepreneurship.

The likes of Dr. Nii Narku Quaynor who started Network Computer Systems (NCS) in 1988 and played a key role …

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The cornerstone of a successful trade is the efficient distribution of goods from the source to all points of sale. As such, cultivating logistics and distribution channels is necessary for the successful implementation of the African Continental Free Trade Area (AfCFTA). 

The continent is made up of over 50 different countries whose levels of development vary vastly. Each country needs to seek its solutions locally, but governments need to come together to improve intra-African trade and cross-border co-operation.

 AfCFTA will undoubtedly be a breakthrough in reducing the cost of shipping in Africa and improving efficiency. The amount of time that will be spent on customs clearance is set to drop drastically.  Currently, it takes more than a week at one-border stops in some countries. …

ECOMMERCE

Africa’s tech habitude is on the rise. Internet usage has risen significantly on the continent. On top of that, the advent of the coronavirus pandemic accelerated the prospect of growth in the digital sphere. E-commerce is one such opportunity that affords businesses access to broader market opportunities in every arena. According to McKinsey, a worldwide consulting firm, the e-commerce industry in Africa is expected to grow to a $75 billion industry by 2025.

E-commerce is growing. It is accelerated by a growing and youthful population that is increasingly exposed and has an appetite for greater efficiency and improvement of business to first-world standards. The African diaspora has also contributed to this growing demand as people have become more exposed to what is going on around the world. Technology itself dissolves existing borders and opens up trade regionally and internationally.…

LB Investment
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